Market Insight: October 28, 2013


Africa

•  S&P cuts outlook on Zambia’s B+ credit rating to negative due to concerns over fiscal policy

Nigeria

•  ASI -40bps, $17.21m
•  Slow day to end the week in Lagos – GTB down 20bps at N25.20 after releasing results while Zenith Bank released positive results towards the end of the session (-23bps, N21.70)

Kenya

•  NSE20 -28bps, $8.6m
•  Large cross in Bamburi the bulk of the day while some profit taking in Safcom (-60bps, KES 9.00)

Botswana

•  DCI +13bps, $2.94m

Egypt

•  Closed

Mauritius

•  Semdex +18bps, $1.15m

South Africa

•  Top40 +3bps, $1.28bn

Zimbabwe

•  Ind +6bps, Mining -1.02%, $1.18m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.80

-13.61

Nigeria

NGN

158.60

-1.54

Kenya

KES

84.95

+1.35

Mauritius

MUR

30.00

+1.83

Botswana

BWP

8.40

+7.99

Tanzania

TZS

1605.00

-1.25

Uganda

UGX

2527.00

+5.96

Rwanda

RWF

664.24

-4.94

Ghana

GHS

2.22

-14.21

BRVM

XOF

478.35

+4.36

Egypt

EGP

6.88

-7.60

Morocco

MAD

8.15

+3.76

Tunisia

TND

1.62

-4.67

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