Market Insight: February 10, 2014

Africa

•  Algeria sticks to shale gas development, unfazed by protests
•  Mozambique restores power to flood-ravaged northern provinces
•  Uganda resumption of copper mining seen delayed by looming rains

Nigeria

•  ASI -208bps, $31.1mill
•  A massive cross in Nestle ($12.69m), the highlight of the session
•  Banks (-1.65%) and Consumers (-3.85%) were under pressure yesterday
•  The Naira retreated to a record low after the delay of the elections

Kenya

•  NSE20 +29bps, $6.0mill
•  Not much on the go yesterday as locals dominated proceedings

Botswana

•  DCI +19bps, $112k

Mauritius

•  Semdex -20bps, $1.01mill

Zimbabwe

•  Ind +32bps, $1.17mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.58

-0.15

Nigeria

NGN

194.25

-5.56

Kenya

KES

91.60

-1.09

Mauritius

MUR

33.10

-4.08

Botswana

BWP

9.66

-1.05

Tanzania

TZS

1830.75

-5.34

Uganda

UGX

2863.00

-3.21

Rwanda

RWF

695.20

-0.78

Ghana

GHS

3.41

-5.64

BRVM

XOF

582.55

-6.95

Egypt

EGP

7.57

-5.63

Morocco

MAD

9.58

-5.22

Tunisia

TND

1.93

-3.64

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