Market Insight: September 14, 2012


African Currencies

 
Country
Notation
Currency
 
South Africa
ZAR
8.3483
 
Nigeria
NGN
157.75
 
Kenya
KES
84.60
 
Mauritius
MUR
30.35
 
Botswana
BWP
7.7221
 
Tanzania
TZS
1572.00
 
Uganda
UGX
2502.50
 
Rwanda
RWF
615.9575
 
Ghana
GHS
1.9005
 
BRVM
XOF
510.4502
 
Egypt
EGP
6.0925
 
Morocco
MAD
8.6173
 
Tunisia
TND
1.5717

Africa

•  Airbus says Africa middle class to triple by 2031, and plan to double their fleet in Africa by this time
•  Zambia sells debut $750mill Eurobond to help fund its budget and invest in infrastructure
•  Namibian GDP grew 1.6% in Q2 2012

Nigeria

•  ASI +1.24%, $20mill. Activity remains high while black dominates the screens. Tier 1 banks continue to be flavor of the month and drive both volumes and market direction. Dangflou closed limit up despite announcing poor results at the close of the previous session

Kenya

•  NSE20, $6.82mill. Nairobi remains vibrant with foreign participants returning mostly on the buy side in the large caps

Botswana

•  DCI +25bps, $920k

Egypt

•  EGX30 -1.11%, $147mill

Mauritius

•  Semdex -12bps, $836k

South Africa

•  Top40 +37bps, $1.83bn

Zambia

•  LuSE -12bps, $109k

Zimbabwe

•  Ind +34bps, mining -4.7%, $740k
 

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