Market Insight: October 18, 2013


Africa

•  Ghana’s credit rating cut by Finch amid budget deficit concerns
•  Barclays to Standard Chartered await Zimbabwe ownership plan

Nigeria

•  ASI +0.56%, $24.31mill
•  Decent day considering the technical issues with the Bloomberg feed yesterday

Kenya

•  NSE20 -0.09%, $3.8mill
•  Very slow day yesterday
•  Kenya’s borrowing costs reach 6-week high on inflation concern

Botswana

•  DCI +13bps, $246k

Egypt

•  Closed yesterday

Mauritius

•  Semdex +8bps, 987k

South Africa

•  Top40 +28bps, $1.39bn

Zimbabwe

•  Ind +32bps, mining +252bps, $790k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.82

-13.74

Nigeria

NGN

159.87

-2.33

Kenya

KES

84.80

+1.53

Mauritius

MUR

30.51

+0.13

Botswana

BWP

8.42

+8.26

Tanzania

TZS

1610.00

-1.55

Uganda

UGX

2512.50

+6.58

Rwanda

RWF

672.45

-6.10

Ghana

GHS

2.19

-13.04

BRVM

XOF

483.06

+3.35

Egypt

EGP

6.89

-7.68

Morocco

MAD

8.22

+2.93

Tunisia

TND

1.63

-5.01

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