Market Insight: April 03, 2014


Africa

•  Diamond’s Atlas Mara to arrange Zimbabwe bond
•  Ghana raises bank cash limits to boost Africa’s worst performing currency
•  Uganda gets competition as second market plans derivatives
•  Uganda central bank leaves benchmark rate unchanged at 11.5%

Nigeria

•  ASI +22bps, $27.91mill
•  Crosses once again dominated activity and this time in the form of NB and Zenith
•  Banks continued to rally with the Index gaining +0.27%

Kenya

•  NSE20 -59bps, $3.2mill
•  Very quiet yesterday with foreigners all but absent
•  Kenya will create sovereign wealth fund before crude output

Botswana

•  DCI +8bps, $840k

Egypt

•  EGX30 +13bps, $110.8mill

Mauritius

•  Semdex +22bps, $649k

Zimbabwe

•  Ind -18bps, mining unch, $1.57mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.61

-1.16

Nigeria

NGN

163.95

-2.23

Kenya

KES

86.45

-0.17

Mauritius

MUR

30.11

-0.21

Botswana

BWP

8.81

-0.70

Tanzania

TZS

1633.00

-2.63

Uganda

TZSUGX

2545.00

-0.71

Rwanda

RWF

681.51

-0.81

Ghana

GHS

2.70

-12.04

BRVM

XOF

479.33

+0.16

Egypt

EGP

6.97

-0.33

Morocco

MAD

8.16

+0.15

Tunisia

TND

1.58

+3.86

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