The Editorial Team |

Cote D’Ivoire Stock Markets | 15 Sep 2015: BRVM Equity markets lower, investors lose US$11 Mill …

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 day. BRVM 10 index decreased from 294.05 to 293.92 points, a drop of 0.04 percent. BRVM Composite index lost 0.09 percent to 295.21 against 295.49 points previously. The equity market capitalization lost XOF 6 billion (about US$11 million) to close at XOF 7,285 billion relative to previous trading sessions’…

Morocco Equity Markets | 15 Sep 2015: Equity Investors lose US$306 Mill on Casablanca Bourse

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Casablanca, Morocco, Capital Markets in Africa — On Tuesday, the Casablanca Bourse equity trading returned to the bear sentiment. The Moroccan benchmark stock index (measured as MASI Index) plunged by 0.72 percent to close at 9,266.24 points (with a year-to-date performance to -3.68 percent) with total market capitalization at MAD 473.254 billion (a fall of MAD 2,970 million or US$306 million relative to previous market capitalization of MAD 476.224) and market activities measured as total…

Mauritius Equity Markets | 15 Sep 2015 : Stock Exchange of Mauritius equity trading stays in red

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PORT LOUIS, Mauritius, Capital Markets in Africa — Stock Exchange of Mauritius stayed in the South Pole. The equity market capitalization closed at MUR 214.161 after losing MUR 288 million (US$8 million) relative to previous market capitalization of MUR 214.449 billion. The Mauritius All Share Index (SEMDEX index) further sagged by 0.13 percent or 2.58 points to close at 1,923.12 points and SEM10 index closed at 366.39 points after falling by 0.01 percent or 0.04 points. From the…

Amaechi, Fayemi, Fashola Fail Anti-corruption Test

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As the screening of President Muhammadu Buhari ministers continue, some appointees have reportedly failed to pass anti-corruption test. The Department of State Service (DSS) recently received a much awaited list of 36 ministerial nominees for security screening. While DSS carries on the screening indications appeared that three immediate past governors, Babatunde Fashola, Rotimi Amaechi and Kayode Fayemi, have supposedly failed. Three former governors worked hard for Buhari’s presidential campaign to and were seen as top candidates for…

Copper Mine Suspensions Threaten Zambia’s Growth and Fiscal Position

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Lusaka, Zambia, Capital Markets in Africa — Glencore International AG (Baa2 negative) recently announced that it would suspend operations at its Mopani Copper Mine in Zambia (B1 negative) for 18 months. Glencore’s suspension follows a recent decision by China’s Luanshya Copper Mines plc to interrupt operations at its Baluba mine in Zambia. Reduced copper production is credit negative for Zambia because it will depress growth, export proceeds and royalties, further pressuring the sovereign’s increasingly precarious fiscal…

South Africa Equity Markets |14 Sep 2015: Gold mining, financial sectors lift the South Africa equity market …

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JOHANNESBURG, South Africa, Capital Markets in Africa — Today the South Africa equity markets began on positive district after all indices closed in bullish mood. Johannesburg Stock Exchange (JSE) All Share index ended 0.89 percent or 435.96 points lower to close at 49,366.60 points. The JSE Top 40 index also soared by 362.64 points or 0.83 percent to end at 43,813.06 points. On the positive momentum path, the JSE Financial sector index added 1.44 percent or 609.59…

Nigerian Equity Markets | 14 Sep 2015: Nigerian Equities market sustained its positive performance …

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Lagos, Nigeria, Capital Markets in Africa —The Nigerian Equities market sustained its positive performance from the previous week as the Benchmark Index – All Share Index- appreciated 2.3%, crossing the 30,000pts psychological line to close at 30, 369.97pts. This performance was driven by rallies in Blue chip stocks, as GUINNESS (+10.2%), GUARANTY (+4.8%) and DANGCEM (+2.4%) spearheaded the charge. A positive performance was also recorded across sectors as all sectors indicators drifted northwards save for…

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