Market Insight: September 13, 2012


African Currencies

 
Country
Notation
Currency
 
South Africa
ZAR
8.3545
 
Nigeria
NGN
157.95
 
Kenya
KES
84.15
 
Mauritius
MUR
30.30
 
Botswana
BWP
7.7250
 
Tanzania
TZS
1570.00
 
Uganda
UGX
2503.75
 
Rwanda
RWF
615.1575
 
Ghana
GHS
1.8975
 
BRVM
XOF
510.6599
 
Egypt
EGP
6.0938
 
Morocco
MAD
8.6194
 
Tunisia
TND
1.5742

Africa

•  Ghana keeps benchmark interest rate unchanged at 15%
•  Gold production in Ghana expected to increase by 8% as expansion continues, led by companies like Newmont Mining
•  Mozambique cuts interest rate by 1% to 10.5%

Nigeria

•  ASI +1.10%, $20.61mill. Activity remains robust while strong performance from the banks pulls the market higher. Dangote Flour released poor 2012 Q1 numbers
•  NAHCO (Nigerian Aviation Handling Co) diversifying into power industry with bids for 2 electricity distribution companies

Kenya

•  NSE20 +96bps, $7.09mill. Highly active day in Kenya with EABL, Safcom and BCBL driving vols with local funds returning to equities after last week’s rate cut

Botswana

•  DCI +16bps, $69k

Egypt

•  EGX30 +49bps, $210mill

Mauritius

•  Semdex -12bps, $4.8mill

South Africa

•  Top40 +86bps, $1.56bn

Zambia

•  LuSE -48bps, $184k

Zimbabwe

•  Ind +66bps, Mining unch, $2.77mill
 

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