Market Insight: November 13, 2013


Africa

•  Zambian mining union agrees to 12% wage increase with Jinchuan
•  Namibia consumer prices rose 4.9% in October from a year ago
•  Zimbabwe to reach record platinum output, Johnson Matthey says

Nigeria

•  ASI +1.04%, $20.3mill
•  Trading once again dominated by a few large crosses
•  The Tier 1 banks were strong after the ThisDay story about the “too big to fail” banks

Kenya

•  NSE20 +0.07%, $6.0mill
•  Diageo Kenya mulls East African expansion as growth jumps
•  Kenya Airways are due to report earnings today

Botswana

•  DCI +22bps, $695k

Egypt

•  EGX30 +18bps, $71mill

Mauritius

•  Semdex -33bps, $465k

South Africa

•  Top40 -7bps, $1.35bn

Zimbabwe

•  Ind +84bps, mining -505bps, $1.77mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.37

-18.32

Nigeria

NGN

159.01

-1.80

Kenya

KES

86.10

unch

Mauritius

MUR

30.55

unch

Botswana

BWP

8.72

+12.14

Tanzania

TZS

1609.00

-1.49

Uganda

UGX

2520.00

+6.26

Rwanda

RWF

671.00

-5.89

Ghana

GHS

2.24

-15.26

BRVM

XOF

490.59

+1.76

Egypt

EGP

6.88

-7.57

Morocco

MAD

8.32

+1.60

Tunisia

TND

1.66

-6.60

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