The Egypt Market Watch | June 25th 2015: Egyptian stock equities show a slow recovery with several sectors still in the red

The Egypt Market Watch | June 25th 2015: Egyptian stock equities show a slow recovery with several sectors still in the red

Cairo, Egypt (Capital Markets in Africa):- The Egyptian equity indices and market capitalisation recovery slowed today as a number of indices went back into the red deleting previous gains made during trading yesterday. The market capitalization ended at EGP 486.132 billion; losing EGP 0.756 billion relative to EGP 486.888 billion recorded at the previous day’s trading session. The benchmark index EGX30 lost by 0.6 percent to close at 8406.17 down 50 points to settle at 8,456.82 points (-5.8299…

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Morocco Market Watch | June 25th 2015: Morocco equity markets remain bullish…MASI Index up by 0.07 percent

Morocco Market Watch | June 25th 2015: Morocco equity markets remain bullish…MASI Index up by 0.07 percent

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity markets remain bullish today as a result, the Moroccan benchmark stock index (measured as MASI Free Float Index) was up by 0.07 percent to close at 9,588.99 points (with a year-to-date performance to -0.32 percent) Equally, Morocco’s most active share the MADEX Free Float index (MADEX) ended at 7,838.50 points up from 7,831.07 points (up by 0.09 percent compared to the previous day’s trading session). On the other…

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Zimbabwe Market Watch | June 25th 2015: Zimbabwe equities continue to show red…Market Cap dovetails by US$50 Mill

Zimbabwe Market Watch | June 25th 2015: Zimbabwe equities continue to show red…Market Cap dovetails by US$50 Mill

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization continued in red today. The industrial index fell by 0.98 percent or -1.48 points to end at 148.60 points. Market capitalization dived by US$ 50 million to end at US$3.864 billion (against US$3.901 market cap recorded at yesterday’s trading session). The Minings index remained flat today settling at 40.19 cents. The market activity remained bearish again today keeping to its…

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Zimbabwe Market Watch | June 24th 2015: Zimbabwe equities walk in red district, market cap slumps by US$13 million down to US$3.901 Billion.

Zimbabwe Market Watch | June 24th 2015: Zimbabwe equities walk in red district, market cap slumps by US$13 million down to US$3.901 Billion.

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization continued in red today. The industrial index fell by 0.31 percent or -0.46 points to end at 150.08 points. Equally, the market capitalization slumped by US$ 13million to end at US$3.901 billion (against US$3.914 market cap recorded at previous trading session). The Minings index slumped by 0.22 percent down 0.09 cents to settle at 40.19 cents. The market activity was…

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Egypt Market Watch | June 24th 2015: Egyptian equities show signs of recovery…Market Cap ends at EGP 486 Bill

Egypt Market Watch | June 24th 2015: Egyptian equities show signs of recovery…Market Cap ends at EGP 486 Bill

Cairo, Egypt (Capital Markets in Africa):- The Egyptian equity indices and market capitalisation ended showing signs of recovery as a number of indices recorded minor gains during trading today. The market capitalization ended at EGP 486.888 billion, losing EGP 0.7 billion relative to EGP 487.589 billion recorded at the previous days trading session, fuelled by increased trading activity from Nationals into Food and Cement. The benchmark index EGX30 gained by 0.14 percent or 69.11 points to close at…

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Nigeria Market Watch | June 24th 2015: Bears on the prowl …NSE ASI down 34bps

Nigeria Market Watch | June 24th 2015: Bears on the prowl …NSE ASI down 34bps

Lagos, Nigeria (Capital Markets in Africa) — At the sound of the closing bell today, the Nigerian Stock Exchange All Share Index (ASI) dipped 0.3%. This was on the back of decline in highly capitalized stocks especially in the banking sector such as ETI (-2.2%), STANBIC (-2.1%) and FBN HOLDINGS (-1.7%). Market capitalization shed N33.1bn to settle at N11.4tn. On the contrary, market activity improved as volume and value traded advanced 49.1% and 173.4% to…

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Buyout Firm Vital Plans $500 Million Africa Fund as Demand Booms

Buyout Firm Vital Plans $500 Million Africa Fund as Demand Booms

Accra, Ghana (Capital Markets in Africa) — Private Equity firm Vital Capital Investments LP is planning a $500 million investment fund that will focus on African industries overlooked by competitors. Vital Capital Fund II is weighing opportunities in Mozambique, Tanzania, Rwanda, Angola, Ethiopia, Uganda, Cameroon, Ghana and the Ivory Coast, managing partner Eytan Stibbe said in an interview with Bloomberg Brief Sub-Saharan Africa. The firm’s second Africa-focused fund will make as many as 20 investments…

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