Market Insight: September 28, 2012


African Currencies

 
Country
Notation
Currency
YTD %
 
South Africa
ZAR
8.2721
-2.09
 
Nigeria
NGN
157.20
+3.24
 
Kenya
KES
85.33
-0.30
 
Mauritius
MUR
30.40
-3.45
 
Botswana
BWP
7.6191
+1.94
 
Tanzania
TZS
1574.00
+0.51
 
Uganda
UGX
2540.00
-2.36
 
Rwanda
RWF
622.3579
-2.93
 
Ghana
GHS
1.8940
-13.44
 
BRVM
XOF
510.0161
-0.24
 
Egypt
EGP
6.0958
-1.05
 
Morocco
MAD
8.6529
+0.70
 
Tunisia
TND
1.5761
-4.96

Africa

•  Moody’s cuts South Africa’s sovereign credit rating by one level
•  Sudan, South Sudan agree to start oil exports
•  Germany’s DEG to invest in East African renewable energy, mining
•  Ghana seeks investors to operate new national airline
•  Zimbabwe’s Mugabe proposes March ballot, November referendum

Nigeria

•  ASI -24bps, $19.23mill.
•  Large foreign interest yesterday which started off which a big cross in Zenith early in the session

Kenya

•  NSE20 +0.75%, $5.58mill.
•  Rather active day active day yesterday with foreigners dominating trade
•  KenGen rose the most in more than 6 months after full-year earnings grew 33%

Botswana

•  DCI +21bps, $50k

Egypt

•  EGX30 -138bps, $125mill

Mauritius

•  Semdex +61bps, $1.1mill

South Africa

•  Top40 +74bps, $1.68bn

Zambia

•  LuSE -58bps, $3.25m (large cross in PUMA again)

Zimbabwe

•  Ind +137bps, Mining +40bps, $1.28m
 

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