Market Insight: November 26, 2013


Africa

•  Zimbabwe’s planned Sovereign Wealth Fund to get share of mining royalties and taxes
•  Ghana seeks approval to sell 3rd Eurobond and start infrastructure (power and transportation) fund

Nigeria

•  ASI -6bps, $24.84m
•  Tier 1 banks on fire as they led banks +1.37% while consumers largely unchanged and very quiet. Transcor (-9.54%) and Oando (-2.08%) finally softened although volumes remain extremely high in these 2 names

Kenya

•  NSE20 +28bps, $7.7m
•  Solid start to the week as Safcom (+1.9%, KES 10.95) continues to reach new highs although foreign sellers starting to come in
•  Kenyan Cabinet reallocates $1.3bn in budget after salary increases for public sector workers

Botswana

•  DCI unch, $113k

Egypt

•  EGX30 -1.24%, $76m

Mauritius

•  Semdex -23bps, $534k

South Africa

•  Top40 +32bps, $1.03bn

Zimbabwe

•  Ind -4bps, Mining -8.07%, $2.16m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.05

-15.70

Nigeria

NGN

158.65

-1.58

Kenya

KES

86.70

-0.69

Mauritius

MUR

30.45

+0.33

Botswana

BWP

8.56

-9.14

Tanzania

TZS

1611.00

-1.61

Uganda

UGX

2537.00

+5.55

Rwanda

RWF

675.15

-6.47

Ghana

GHS

2.26

-15.92

BRVM

XOF

487.16

+2.47

Egypt

EGP

6.88

-7.56

Morocco

MAD

8.30

+1.93

Tunisia

TND

1.67

-7.31

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