Market Insight: March 20, 2014


Africa

•  South African inflation accelerates to 5.9% after Rand dips
•  Zimbabwe cuts state salaries that surged to $535k per month
•  Ex-Zambia central bank chief says market must set Kwacha level

Nigeria

•  ASI -0.37%, $22.76mill
•  Large crosses in Zenith ($9.03m) drove activity yesterday
•  Consumers (-0.26%) continued to come under pressure

Kenya

•  NSE20 +0.16%, $7.0mill
•  Foreign buying returned to Equity Bank
•  Kenya court to hear central bank governor graft petition May 14

Botswana

•  DCI +1bps, $156k

Egypt

•  EGX30 +110bps, $176mill

Mauritius

•  Semdex +10bps, $3.26mill

South Africa

•  Top40 -91bps, $1.75bn

Zimbabwe

•  Ind -68bps, mining unch, $1.84mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.72

-2.20

Nigeria

NGN

164.65

-2.64

Kenya

KES

86.45

-0.17

Mauritius

MUR

29.95

+0.33

Botswana

BWP

8.83

-0.92

Tanzania

TZS

1638.00

-2.93

Uganda

UGX

2535.00

-0.32

Rwanda

RWF

680.50

-0.66

Ghana

GHS

2.69

-11.71

BRVM

XOF

473.04

+1.17

Egypt

EGP

6.96

-0.18

Morocco

MAD

8.10

+1.01

Tunisia

TND

1.57

+4.61

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