Market Insight: October 23, 2013


Africa

•  Zambia halts export tax on unprocessed minerals for 1 year
•  Ivory Coast Commerce Minister Billon says tax rates and decaying infrastructure are limiting growth

Nigeria

•  ASI +0.28%, $26.62m
•  Chunky crossing in GTB ($12.4m) the bulk of the day’s activity while some aggressive buying in the Consumers (+73bps) evident

Kenya

•  NSE20 -10bps, $3.9m
•  NSE ATS feed issues meant a shortened session with the market generally quiet

Botswana

•  DCI +6bps, $59k

Egypt

•  EGX30 +1.84%, $114m

Mauritius

•  Semdex +11bps, $1.02m

South Africa

•  Top40 +1.12%, $1.57bn

Zimbabwe

•  Ind -94bps, Mining unch, $2.08m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.73

-12.93

Nigeria

NGN

159.45

-2.07

Kenya

KES

84.74

+1.60

Mauritius

MUR

30.40

+0.49

Botswana

BWP

8.37

+7.54

Tanzania

TZS

1610.00

-1.55

Uganda

UGX

2522.75

+6.14

Rwanda

RWF

665.68

-5.14

Ghana

GHS

2.19

-13.04

BRVM

XOF

477.55

+4.55

Egypt

EGP

6.89

-7.64

Morocco

MAD

8.16

+3.78

Tunisia

TND

1.63

-4.83

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