Market Insight: July 26, 2013


Africa

•  Zimbabwe revises economic growth rate down to 3.4% (from 5%) ahead of next week’s elections
•  Ghana said to plan second 10-year Eurobond priced above Nigeria

Nigeria

•  ASI 0.72%, $18.3m
•  A rather quiet day until the end with activity picking up. Banks (-1.11%) were down for most of the day but found buyers towards the close while consumers (-1.45%) also bore the brunt of profit takers

Kenya

•  NSE20 +0.18%, $4.9m
•  Rather quiet session with foreign participation very low
•  Kenyan debt costs soar as shilling slumps and government boosts spending to record levels

Botswana

•  DCI +0.02%, $303k

Egypt

•  EGX30 -0.13%, $34m

Mauritius

•  Semdex -0.20%, $176k

South Africa

•  Top40 -0.35%, $1.28bn

Zambia

•  LuSE unch, $23k

Zimbabwe

•  Ind +0.18%, Mining +0.87%, $1.57m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.79

-13.53

Nigeria

NGN

161.00

-3.01

Kenya

KES

87.45

-1.54

Mauritius

MUR

30.80

-0.81

Botswana

BWP

8.49

+9.09

Tanzania

TZS

1619.00

-2.10

Uganda

UGX

2575.00

+3.99

Rwanda

RWF

647.30

-2.45

Ghana

GHS

2.07

-8.00

BRVM

XOF

498.21

+0.21

Egypt

EGP

7.00

-9.09

Morocco

MAD

8.44

+0.26

Tunisia

TND

1.65

-5.95

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