Market Insight: May 23, 2014


Africa

•  Ghana's Cedi weakens to head for 3 against the Dollar for the first time
•  Standard Chartered plans expansion into four African countries

Nigeria

•  ASI +115bps, $23.18mill
•  Slower day yesterday with GTB ($7.31m) driving activity
•  Consumers (+1.40%) drove the market higher

Kenya

•  NSE20 +25bps, $13.5mill
•  Large crosses in EQBNK drove proceedings yesterday

Botswana

•  DCI +15bps, $490k

Egypt

•  EGX30 +117bps, $140mill

Mauritius

•  Semdex +19bps, $1.9mill

Zimbabwe

•  Ind +65bps, $288k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.34

+1.42

Nigeria

NGN

162.30

-1.23

Kenya

KES

87.89

-1.81

Mauritius

MUR

30.14

-0.30

Botswana

BWP

8.69

+0.61

Tanzania

TZS

1655.00

-3.93

Uganda

UGX

2528.00

-0.51

Rwanda

RWF

684.28

-1.21

Ghana

GHS

2.97

-20.03

BRVM

XOF

483.24

+0.62

Egypt

EGP

7.12

-2.50

Morocco

MAD

8.21

-0.29

Tunisia

TND

1.62

+1.11

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