Nigeria Market Watch | June 16th 2015: Bears Return to the Market… NSE ASI down 35bps

Nigeria Market Watch | June 16th 2015: Bears Return to the Market… NSE ASI down 35bps

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Bourse halted three days uptrend, easing 0.4%to close the day at 33,602. 67 points. Losses recorded in UNION BANK (-4.8%), NIGERIAN BREWERIES (-1.3%) and DANGOTE CEMENT (-0.6%) were largely responsible for today’s decline. Also, market capitalization moderated by N40.3bn to berth at N11.5tn. Market activity weakened on 2.8% and 25.1% depreciation in volume and value traded after a total of 222.9m units of shares worth N3.6bn…

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Kenya Market Watch | June 16th 2015: Kenya equity market returns to positive, market cap adds KES 1.8 billion.

Kenya Market Watch | June 16th 2015: Kenya equity market returns to positive, market cap adds KES 1.8 billion.

Nairobi, Kenya (Capital Markets in Africa):-  The Nairobi Securities Exchange (NSE20) index surged by 13.65 points to close at 4,773.23 points and Nairobi All Share Index slide by 0.13 points to settle at 162.88. However, the FTSE NSE 25 and FTSE NSE 15 indices plummeted by 0.21 points and 0.04 points to close 217.67 and 217.31 points respectively. The market capitalization added KES 1.8 billion (about 0.08 percent) to close at KES 2,278.26 billion. Looking…

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Cote d’Ivoire Market Watch | June 16th 2015: Equity market cap slide by XOF 46 billion on thin liquidity

Cote d’Ivoire Market Watch | June 16th 2015: Equity market cap slide by XOF 46 billion on thin liquidity

Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Tuesday, lower than the previous trading day. BRVM 10 index decreased from 273.50 to 271.02 points, a drop of 0.91%. BRVM Composite index lost 0.67% to 272.77 against 274.62 points previously. At the same time, the equity market capitalization lost XOF 45.56 billion to close at XOF 6,730.74 billion compared with previous trading sessions’ market…

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Mauritius Market Watch | June 15th 2015: Mauritius equity market tumbles today, market cap down by MUR 255 million

Mauritius Market Watch | June 15th 2015: Mauritius equity market tumbles today, market cap down by MUR 255 million

Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market began the week on downtrend today, the SEMDEX index tumbled by 0.12 percent or 2.30 points to close 1,972.76 points and the Sem-10 slide by 0.13 percent or 0.48 points to 375.62 points. The market capitalization was recorded at MUR 219.326 billion, by losing MUR 255 million (against MUR 219.581 billion recorded at previous trading day) and overall total volume trade recorded at 17.053 million and…

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PwC Survey: Optimism and opportunities abound in Africa’s Infrastructure space

PwC Survey: Optimism and opportunities abound in Africa’s Infrastructure space

Lagos, Nigeria (Capital Markets in Africa) — Dealing with Africa’s infrastructure backlog and its future demand is high on the agenda of leaders and civil society on the continent and abroad. While the continents infrastructure currently lags well behind that of the rest of the world with some 30% in a dilapidated condition, there is widespread recognition that there are vast business opportunities on the continent as a growing consumer market continues to develop as well as a large number…

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Tanzania Market Watch | June 15th 2015: Tanzania equity market on the rise today, adds TSZ 134 billion

Tanzania Market Watch | June 15th 2015: Tanzania equity market on the rise today, adds TSZ 134 billion

Dar es Salaam, Tanzania (Capital Markets in Africa):- The Dar es Salaam Stock Exchange (DSEI) rose by 15.40 points or 0.55 percent to close at 2,831.60 points and market capitalization recorded at TZS 24,791.46 billion (an increase of about TSZ 134 billion against previous trade session market cap of TSZ 24,657.47). Likewise, the Tanzania Share Index advanced by 63.76 points or 1.35 percent to close at 4,795.50 points. Today, the market recorded a total turnover…

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Nigeria Market Watch | June 15th 2015: Nigerian Equities market extended bullish run to the third consecutive day gaining 0.3%

Nigeria Market Watch | June 15th 2015: Nigerian Equities market extended bullish run to the third consecutive day gaining 0.3%

Lagos, Nigeria (Capital Markets in Africa) — Nigerian Equities market extended bullish run to the third consecutive day gaining 0.3%. Hence, the Benchmark Index settled at 33,720.6 points. This positive performance was broadly driven by price appreciations in GUINNESS (+10.1%), FORTE OIL (+2.9%) and DANGOTE CEMENT (+0.6%). Consequently, market capitalization increased by N33.8bn to berth at 11.5tn. Market activity was however mixed as volume traded declined 5.7% while value traded appreciated 28.1% to settle at…

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