Market Insight: September 20, 2013


Africa

•  Egypt lowers benchmark interest rate to 8.75%, down from 9.25%
•  South Africa maintains benchmark interest rate of 5%
•  Rwandan President Kagame consolidates power after legislative vote

Nigeria

•  ASI +0.35%, $22m
•  Activity increased slightly although still dominated by blocks going through. Banks (+2.35%) the most notable trend throughout the day as bulls return
•  President Jonathan proposes budget cut of 10% as state revenue from oil declines

Kenya

•  NSE20 +0.37%, $5.3m
•  Foreign demand for the large caps continues to push the NSE higher
•  Safcom reaches record high after CEO Collymore says capital spending to increase by 8%

Botswana

•  DCI unch, $3.2m

Egypt

•  EGX30 +0.26%, $62.2m

Mauritius

•  Semdex +0.05%, $2.57m

South Africa

•  Top40 +2.24%, $3bn

Zimbabwe

•  Ind +0.54%, Mining unch, $2.48m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.66

-12.36

Nigeria

NGN

161.25

-3.16

Kenya

KES

87.35

-1.43

Mauritius

MUR

30.65

-0.33

Botswana

BWP

8.36

+7.43

Tanzania

TZS

1612.00

-1.67

Uganda

UGX

2562.50

+4.50

Rwanda

RWF

654.30

-3.49

Ghana

GHS

2.18

-12.64

BRVM

XOF

486.60

+2.60

Egypt

EGP

6.89

-7.68

Morocco

MAD

8.27

+2.26

Tunisia

TND

1.63

-4.99

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