Market Insight: November 12, 2013


Africa

•  Vodacom plans to increase investment into Africa as earnings gain 11%

Nigeria

•  ASI +7bps, $22.39m
•  Outside of a large cross in DangCem ($11.5m) there was nothing much going on
•  President Jonathan postpones budget speech until 19 November
•  FBN Holdings acquires the West African operations of International Commercial Bank

Kenya

•  NSE20 +16bps, $4.62m
•  Dull start to the week with foreign investors all but absent
•  Kenya Power plans to sell Eurobond to reduce exposure to shilling

Botswana

•  DCI +4bps, $5.15m

Egypt

•  EGX30 -51bps, $81m

Mauritius

•  Semdex -54bps, $506k

South Africa

•  Top40 +15bps, $1.2bn

Zimbabwe

•  Ind +44bps, Mining -5.27%, $1.77m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.36

-18.18

Nigeria

NGN

159.00

-1.79

Kenya

KES

85.70

+0.47

Mauritius

MUR

30.55

unch

Botswana

BWP

8.71

+11.99

Tanzania

TZS

1606.00

unch

Uganda

UGX

2522.50

unch

Rwanda

RWF

672.50

-6.10

Ghana

GHS

2.23

unch

BRVM

XOF

492.30

+1.41

Egypt

EGP

6.88

-7.63

Morocco

MAD

8.34

+1.38

Tunisia

TND

1.67

-7.16

contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833