Market Insight: September 05, 2012


African Currencies

 
Country
Notation
Currency
 
South Africa
ZAR
8.3951
 
Nigeria
NGN
158.30
 
Kenya
KES
84.30
 
Mauritius
MUR
30.45
 
Botswana
BWP
7.7610
 
Tanzania
TZS
1572.00
 
Uganda
UGX
2515.00
 
Rwanda
RWF
614.8501
 
Ghana
GHS
1.9315
 
BRVM
XOF
522.52
 
Egypt
EGP
6.0965
 
Morocco
MAD
8.7846
 
Tunisia
TND
1.5951

Africa

•  World Bank President Kim pledges support in driving development in Africa
•  Uganda Central Bank cuts benchmark rate for a sixth time in 2012 to 15% in effort to stimulate borrowing and spur economic growth
•  Ghana President Mahama pledges to rein in spending ahead of December election

Nigeria

•  ASI +63bps, $91.13mill. Large cross in UBN (AMCON) accounting for $80mill of the days activities with the rest of the market quiet

Kenya

•  NSE20 +1.06%, $1.74mill
•  CMC of Kenya loses Land Rover and Ford franchises
•  Kenya Central Bank expected to announce rate decision later today. We expect a rate cut of 2.5% in effort to bolster economy

Botswana

•  DCI +1bp, $53k

Egypt

•  EGX30 +1.49%, $145mill

Mauritius

•  Semdex +28bps, $2.33mill

South Africa

•  Top40 -1.10%, $1.3bn

Zambia

•  LuSE -51bps, $71k

Zimbabwe

•  Ind +2.71%, Mining -1bp, $1.7mill
 

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