Market Insight: April 08, 2014

Africa

•  IMF forecasts Rwanda 2014 economic growth at 6% vs 4.6%
•  Sub-Saharan Africa economy to grow on natural resources boom - World Bank

Nigeria

•  ASI -22bps, $37.93mill
•  Large crosses in GTB ($10.18m) and Zenith ($8.72m) drove activity yesterday
•  There was some profit taking in banks after a good run with the Index falling -0.80%

Kenya

•  NSE20 -79bps, $7.4mill
•  Foreign participation (70.8%) drove turnover yesterday

Botswana

•  DCI +5bps, $29k

Egypt

•  EGX30 +8bps, $98mill

Mauritius

•  Semdex -6bps, $532k

Zimbabwe

•  Ind +1bps, mining unch, $621k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.53

-0.35

Nigeria

NGN

164.00

-2.26

Kenya

KES

86.68

-0.44

Mauritius

MUR

30.11

-0.21

Botswana

BWP

8.77

-0.26

Tanzania

TZS

1628.00

-2.33

Uganda

TZSUGX

2560.00

-1.29

Rwanda

RWF

683.02

-1.03

Ghana

GHS

2.71

-12.52

BRVM

XOF

480.30

-0.04

Egypt

EGP

6.97

-0.41

Morocco

MAD

8.16

+0.02

Tunisia

TND

1.58

+3.59

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