Market Insight: October 03, 2013


Africa

•  IMF and SARB becoming increasingly concerned over the continuing strike action
•  Uganda holds benchmark interest rate unchanged at 12% as inflation uptick seen as temporary
•  Ghana cocoa crop dropped 5% last year as bean prices rise

Nigeria

•  ASI +0.88%, $30.6m
•  Pick up in activity and buying returned to the banks (+1.49%) and consumers (+1.36%)

Kenya

•  NSE20 +0.54%, $14.8m
•  Foreign buying dominated the market yesterday with aggressive demand in EABL the most notable
•  IMF says resilient Kenyan economy to withstand mall assault

Botswana

•  DCI unch, $440k

Egypt

•  EGX30 +29bps, $58m

Mauritius

•  Semdex -0.14%, $2.45m

South Africa

•  Top40 -2bps, $1.34bn

Zimbabwe

•  Ind +1.20%, Mining unch, $5.3m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.90

-14.42

Nigeria

NGN

161.44

-3.28

Kenya

KES

87.00

-1.03

Mauritius

MUR

31.15

-1.93

Botswana

BWP

8.57

+10.12

Tanzania

TZS

1615.00

-1.86

Uganda

UGX

2590.25

+3.38

Rwanda

RWF

655.44

-3.66

Ghana

GHS

2.05

-7.10

BRVM

XOF

505.07

-1.14

Egypt

EGP

7.00

-9.12

Morocco

MAD

8.53

-0.87

Tunisia

TND

1.66

-6.64

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