Market Insight: October 07, 2013


Africa

•  Congo leaves benchmark interest rate unchanged at 3%
•  Angola to raise power output fivefold to attract investment
•  Uganda may raise interest rates if inflation rises stronger than expected

Nigeria

•  ASI +0.26%, $15.84m
•  Quiet day although buyers in banks (+13bps) and consumers (+83bps) still around

Kenya

•  NSE20 +0.10%, $5.9m
•  Foreign and overall activity fell but foreign buying still pushing the blue chips – Safcom +60bps, EqBnk +2.2% and KNCB +1.6%

Botswana

•  DCI +2bps, $758k

Egypt

•  Closed

Mauritius

•  Semdex +7bps, $518k

South Africa

•  Top40 -22bps, $1.27bn

Zimbabwe

•  Ind +1.5%, Mining unch, $2.59m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.01

-15.37

Nigeria

NGN

160.03

-2.59

Kenya

KES

86.00

-0.12

Mauritius

MUR

30.15

+1.33

Botswana

BWP

8.53

+9.65

Tanzania

TZS

1612.00

-1.67

Uganda

UGX

2552.50

+4.91

Rwanda

RWF

670.50

-5.82

Ghana

GHS

2.17

-12.42

BRVM

XOF

484.46

+2.85

Egypt

EGP

6.88

-7.59

Morocco

MAD

8.25

+2.52

Tunisia

TND

1.64

-5.50

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