Market Insight: September 04, 2013


Africa

•  Uganda raises rate (12%) for first time since 2011 to curb prices
•  Zambia re-basing later this year may boost economy
•  China Africa Sunlight to invest $2.1bn in Zimbabwe Power

Nigeria

•  ASI -0.23%, $11.58mill
•  Absolutely dire in Lagos yesterday from an activity point of view
•  Guaranty Trust Bank went ex-dividend yesterday

Kenya

•  NSE20 -0.46%, $2.6mill
•  Another quiet day in Nairobi yesterday
•  The policy rate (8.5%) was held yesterday amid inflation risks

Botswana

•  DCI +37bps, $9.89mill

Egypt

•  EGX30 -93bps, $42mill

Mauritius

•  Semdex -4bps, $1.51mill

South Africa

•  Top40 +44bps, $1.04bn

Zimbabwe

•  Ind -166bps, mining unch, $1.08mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.32

-17.94

Nigeria

NGN

162.83

-4.10

Kenya

KES

87.55

-1.66

Mauritius

MUR

30.90

-1.13

Botswana

BWP

8.74

+12.33

Tanzania

TZS

1617.00

-1.98

Uganda

UGX

2573.00

+4.07

Rwanda

RWF

650.51

-2.93

Ghana

GHS

2.15

-11.62

BRVM

XOF

500.78

-0.29

Egypt

EGP

6.98

-8.91

Morocco

MAD

8.47

+.16

Tunisia

TND

1.65

-6.29

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