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Market Insight: June 02, 2014
Africa
• Ivory Coast’s cashew production forecast to rise 4.2% in 2014
• Lagarde expresses concern that Africa’s sovereign debt is rising
Nigeria
• ASI +295bps, $74.2mill
• Another day characterized by massive crosses in the big names
• Banking stocks were strong with the Index gaining +4.36%
Kenya
• NSE20 -28bps, $15.4mill
• Inflation for May increased to 7.30% from 6.41% in April
• Please note the market is closed today
Botswana
• DCI -39bps, $2.68mill
Egypt
• Closed
Mauritius
• Semdex -38bps, $2.98mill
Zimbabwe
• Ind +48bps, $1.79mill
- Bermuda +1 441 278 7620
- South Africa +27 11 268 5833
