Market Insight: September 18, 2013


Africa

•  Ghana Central Bank expected to announce benchmark interest rate, expectations are for unchanged 16% rate
•  Mugabe pledges to intensify Zimbabwe’s indigenization policy during opening of parliament

Nigeria

•  ASI -0.03%, $12.13m
•  Yet another quiet day with a late sell off in Access (-10%) dragging banks down 116bps

Kenya

•  NSE20 +0.11%, $8.7m
•  Active and bullish trading in the large caps EABL, Safcom, EqBnk and KNCB driving market sentiment
•  President Kenyatta expects to achieve growth target of 10% by 2018 as country invests in infrastructure
•  Kenya plans to generate 960MW of power from coal within 30 months

Botswana

•  DCI -0.05%, USD 4k

Egypt

•  EGX30 +0.12%, $63.6m

Mauritius

•  Semdex +0.61%, $661k

South Africa

•  Top40 -0.03%, $1.4bn

Zimbabwe

•  Ind +0.20%, Mining unch, $1.22m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.81

-13.64

Nigeria

NGN

162.35

-3.82

Kenya

KES

87.45

-1.54

Mauritius

MUR

30.90

-1.13

Botswana

BWP

8.48

+8.95

Tanzania

TZS

1615.00

-1.86

Uganda

UGX

2573.00

+4.07

Rwanda

RWF

663.30

-4.80

Ghana

GHS

2.17

-12.40

BRVM

XOF

493.85

+1.10

Egypt

EGP

6.89

-7.71

Morocco

MAD

8.38

+1.00

Tunisia

TND

1.63

-5.22

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