Market Insight: November 27, 2013

Africa

•  South African economy expands at slowest pace in 4 years as strikes start to hurt
•  Zimbabwe’s government raised $42.5m selling debt to selected investors after public treasury bill sales fail
•  Ghana Central Bank may raise key interest rate in effort to tame inflation on back of weak currency and higher fuel prices

Nigeria

•  ASI -63bps, $30.05m
•  Sellers hit the Tier 1 banks (Banks -47bps) while consumers unchanged. Transcor (-9.6%) and Oando (-3.47%) still weak on big volumes
•  GlaxoSmithkline Nigeria says that UK parent company likely to take majority stake

Kenya

•  NSE20 +34bps, $17.8m
•  Very active day with local buyers in Safcom continuing to push the price while foreign demand for EqBnk and KNCB remains strong

Botswana

•  DCI +15bps, $4.6m

Egypt

•  EGX30 -1.75%, $71m

Mauritius

•  Semdex -4bps, $1.55m

South Africa

•  Top40 -1.44%, $1.75bn

Zimbabwe

•  Ind +31bps, Mining +3.96%, $2.52m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.14

-16.44

Nigeria

NGN

158.64

-1.57

Kenya

KES

86.90

-0.92

Mauritius

MUR

30.45

+0.33

Botswana

BWP

8.58

-9.49

Tanzania

TZS

1612.00

-1.67

Uganda

UGX

2526.25

+6.00

Rwanda

RWF

676.49

-6.66

Ghana

GHS

2.26

-15.92

BRVM

XOF

487.82

+2.38

Egypt

EGP

6.88

-7.62

Morocco

MAD

8.28

+2.13

Tunisia

TND

1.67

-7.16

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