Market Insight: November 28, 2014


Africa

•  Namibian ruling party heading for sixth runaway election
•  Ghana plans bond sales on bourse that may halt bank auctions
•  Zimbabwe pledges lower taxes, royalties in $4.1bn budget
•  Zambian inflation reached a 3-year high of 8.1% in November

Nigeria

•  ASI +35bps, $26.5mill
•  Zenith (7.84m) continued to dominate activity
•  Another good day for consumers as the sector gained +2.91%

Kenya

•  NSE20 -42bps, $14.1mill
•  KNCB and EQBNK dominated activity as foreign demand drove the names higher

Botswana

•  DCI +3bps, $3.77mill

Mauritius

•  Semdex +8bps, $1.64mill

Zimbabwe

•  Ind -17bps, $2.85mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.96

-4.35

Nigeria

NGN

175.30

-8.56

Kenya

KES

90.15

-4.27

Mauritius

MUR

31.47

-4.51

Botswana

BWP

9.21

-5.07

Tanzania

TZS

1740.00

-8.62

Uganda

UGX

2777.00

-8.94

Rwanda

RWF

701.01

-3.57

Ghana

GHS

3.20

-25.85

BRVM

XOF

527.29

-9.06

Egypt

EGP

7.14

-2.81

Morocco

MAD

8.83

-7.33

Tunisia

TND

1.83

-10.47

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