Kenya : Centum Investment’s US$61 million bond oversubscribed

Kenya : Centum Investment’s US$61 million bond oversubscribed

Nairobi, Kenya (Capital Markets in Africa) — Centum Investments five-year corporate bond worth up to KES 6 billion has been oversubscribed by 38 percent attracting bids worth KES 8.3 billion. The bond is made up of a fixed-rate component and an equity-linked portion that will give a variable return determined by the firm’s net asset value. The total amount accepted for the fixed rate notes is KSE 3.9 billion while for the equity linked notes is KES 2.1 billion, with…

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South Africa Market Watch | June 19th 2015: South African stocks inch lower, Sasol under pressure

South Africa Market Watch | June 19th 2015: South African stocks inch lower, Sasol under pressure

 Johannesburg, South Africa  (Capital Markets in Africa) – South African stocks ended a touch lower on Friday with Sasol among the biggest decliners as the price of crude oil slipped towards $63 a barrel. Sasol, which makes fuel from coal and gas but sells it at the same price as companies that import and refine crude oil, dropped 1.48 percent to 427.19 rand. Overall, traders refrained from making any large bets, juggling the ramifications of…

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Zimbabwe Market Watch | June 19th 2015: Zimbabwe equity market cap lose US$1 million

Zimbabwe Market Watch | June 19th 2015: Zimbabwe equity market cap lose US$1 million

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization continued in the red region today. The industrial index fell by 0.02 percent or 0.03 points to end at 152.90 points. Equally, the market capitalization narrowly lost US$ 1 million to end at US$3.978 billion (against US$3.979 market cap recorded at previous trading session). The Industrial index was up 0.70 points (0.46%) compared to week ending 12 June 2015. The market…

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Cote d’Ivoire Market Watch | June 18th 2015: BRVM Equity market cap drops by XOF 31 billion

Cote d’Ivoire Market Watch | June 18th 2015: BRVM Equity market cap drops by XOF 31 billion

Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Thursday, lower than the previous day. BRVM 10 index decreased from 274.41 to 271.79 points, a drop of 0.95%. BRVM Composite index lost 0.45% to 274.05 against 275.29 points previously. Equally, the equity market capitalization lost XOF 30.62 billion to close at XOF 6,762.32 billion compared with previous trading sessions’ market capitalization of XOF 6,792.94…

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Nigeria Market Watch | June 18th 2015: Nigerian Bourse Rambling Still …NSE ASI Down 5bps

Nigeria Market Watch | June 18th 2015: Nigerian Bourse Rambling Still …NSE ASI Down 5bps

Lagos, Nigeria (Capital Markets in Africa) — There seems to be no respite for the Nigerian Bourse, as the benchmark Index – All Share Index dipped further, losing 5bps to berth at 33,460.50 points. Today’s negative close was broadly due to sell offs in CADBURY (-5.0%), SEPLAT (-4.3%) and OANDO (-3.9%). Market Capitalization further reduced, declining N6.1bn to dock at N11.4tn. On the contrary, market activity strengthened as volume and value traded appreciated 5.1% and…

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Kenya Market Watch | June 18th 2015: Kenya equity market ended in mixed feelings today, NSE20 index up, market cap KES 2.9 billion fall

Kenya Market Watch | June 18th 2015: Kenya equity market ended in mixed feelings today, NSE20 index up, market cap KES 2.9 billion fall

Nairobi, Kenya (Capital Markets in Africa):- Kenya equity market ended in mixed feelings today. The Nairobi Securities Exchange (NSE20) index edged up by 0.12 percent or 5.84 points to close at 4,796.26 points but Nairobi All Share Index fell by 0.20 percent or 0.20 points to settle at 162.82. Equally, the FTSE NSE 25 and FTSE NSE 15 indices dropped by 0.53 percent to close at 216.53 and 0.59 percent 216.02 points respectively. The market capitalization…

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Mauritius Market Watch | June 19th 2015: Mauritius equity market ends on positive note, SEMDEX 0.19% up, Market Cap MUR 424 million gains

Mauritius Market Watch | June 19th 2015: Mauritius equity market ends on positive note, SEMDEX 0.19% up, Market Cap MUR 424 million gains

Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market continued the positive momentum at the end of trading session, so end the week in green. The Mauritius All Share Index (SEMDEX index) gained 0.19 percent or 0.97 points to close 1,987.04 points and the SEM10 gained 0.26 percent or 0.97 points to end at 380.23 points. The market capitalization was recorded at MUR 220.914 billion, by adding MUR 424 million (against MUR 220.490 billion recorded at previous trading…

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