Market Insight: September 13, 2013


Africa

•  Democratic Republic of Congo seeks S&P rating amid plans to boost investment and sell debt
•  Standard Chartered plans to open 100 new branches in Africa by 2016
•  Namibian consumer prices rise in August to 6% from previous year

Nigeria

•  ASI -0.10%, $17.96m
•  Largely uneventful session in Lagos as global investment community content to watch from the sidelines
•  Fewer bonds sold at monthly sale as borrowing costs highest since July

Kenya

•  NSE20 +0.11%, $4.8m
•  Foreign activity slows and remains on buy side of Safcom

Botswana

•  DCI unch, $19k

Egypt

•  EGX30 +0.75%, $75m

Mauritius

•  Semdex -0.25%, $1.88m

South Africa

•  Top40 +0.70%, $1.55bn

Zimbabwe

•  Ind -0.47%, Mining unch, $3.06m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.93

-14.71

Nigeria

NGN

162.90

-4.14

Kenya

KES

87.60

-1.71

Mauritius

MUR

30.90

-1.13

Botswana

BWP

8.55

+9.83

Tanzania

TZS

1615.00

-1.86

Uganda

UGX

2572.50

+4.09

Rwanda

RWF

657.81

-4.01

Ghana

GHS

2.18

-12.64

BRVM

XOF

495.12

+0.84

Egypt

EGP

6.89

-7.69

Morocco

MAD

8.39

+0.80

Tunisia

TND

1.64

-6.06

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