Market Insight: September 04, 2012


African Currencies

 
Country
Notation
Currency
 
South Africa
ZAR
8.4039
 
Nigeria
NGN
158.50
 
Kenya
KES
84.70
 
Mauritius
MUR
30.45
 
Botswana
BWP
7.7731
 
Tanzania
TZS
1578.00
 
Uganda
UGX
2510.00
 
Rwanda
RWF
614.8501
 
Ghana
GHS
1.9355
 
BRVM
XOF
524.2200
 
Egypt
EGP
6.1048
 
Morocco
MAD
8.8033
 
Tunisia
TND
1.5990

Africa

•  Ghana Finance Minister Duffour says Ghana may sell second Eurobond in 2013 as yields drop to record low
•  Botswana gives Zimbabwe 500mill pula ($65mill) loan facility to help revive manufacturing and agriculture industries

Nigeria

•  ASI +50bps, $7.75mill. As expected with US Labor Day holiday, volumes incredibly light. We expect activity to pick up today as participants return to their desks
•  CBN announces that economic growth accelerates to 6.6% in Q2 while the oil industry shrunk by 0.2% in Q2

Kenya

•  NSE20 -27bps, $5.76mill. Day led by KNCB with foreign purchasing driving the stock up 97bps to close at KES26 on good volume

Botswana

•  DCI +8bps, $246k

Egypt

•  EGX30 +65bps, $123mill

Mauritius

•  Semdex +15bps, $1.3mill

South Africa

•  Top40 +18bps, $913mill

Zambia

•  LuSE -1bp, $40k

Zimbabwe

•  Ind +42bps, Mining -93bps, $1.1mill
 

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