Market Insight: September 27, 2012

African Currencies

 
Country
Notation
Currency
YTD %
 
South Africa
ZAR
8.2333
-1.79
 
Nigeria
NGN
157.40
+3.11
 
Kenya
KES
85.20
-0.15
 
Mauritius
MUR
30.40
-3.45
 
Botswana
BWP
7.6511
+2.37
 
Tanzania
TZS
1575.00
+0.44
 
Uganda
UGX
2527.50
-1.88
 
Rwanda
RWF
622.1091
-2.89
 
Ghana
GHS
1.8969
-13.57
 
BRVM
XOF
510.8699
+0.41
 
Egypt
EGP
6.0938
-1.02
 
Morocco
MAD
8.6444
+0.66
 
Tunisia
TND
1.5766
-4.99

Africa

•  Moody’s says African economic growth can weather the Europe crisis
•  Ghana lowers growth forecast to 7.1% (from 9.4%) as oil output declines
•  Ethiopia Sugar Corp signs $500mill deal with CDC Bank of China
•  Guinea eyes $2.4bn debt relief on IMF and World Bank plan

Nigeria

•  ASI -66bps, $16.36mill. Bears win the day with Oando -5% after announcing proposed rights issue
•  JPMorgan details the bonds to be added to benchmark indices – predicting $1.5bn inflow into the country

Kenya

•  NSE20 -0.002%, $3.35mill. KNCB (+2.8%) and EqBNK (unch) as banks most active on the day
•  Kenya signs KES25.5bn loan from World Bank to improve roads

Botswana

•  DCI +2bps, $90k

Egypt

•  EGX30 +22bps, $128mill

Mauritius

•  Semdex -1.04%, $2.73mill

South Africa

•  Top40 -50bps, $1.63bn

Zambia

•  LuSE -58bps, $65k

Zimbabwe

•  Ind +27bps, Mining +1.79%, $200k
 

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