The Editorial Team |

Nigerian Banks Resilient but Face Tough Outlook — Fitch Ratings

London (Capital Markets in Africa): Nigerian banks are operating in increasingly difficult conditions and this is likely to result in a sharp deterioration in profitability, asset quality, liquidity and capital ratios, says Fitch Ratings. We said the sector outlook was negative in December. GDP figures for 2Q15, released yesterday, show weaker year-on-year growth of 2.4%, down from 4% in the previous quarter, the slowest quarterly growth rate for over 10 years. The volatile operating environment…

Mauritius Equity Watch | 26 Aug 2015 : Mauritius equities remain bearish, market cap US$22 million lower

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Port Louis, Mauritius (Capital Markets in Africa) — Stock Exchange of Mauritius remained in the red district. The equity market capitalization ended at MUR 215.682 billion after sagging by MUR 760 million (US$22 million) relative to previous market capitalization of MUR 216.442 billion. The Mauritius All Share Index (SEMDEX index) plunged by 0.26 percent or 5.03 points to close at 1,938.57 points and SEM10 index ended at 369.54 points after sagging by 0.22 percent or 0.83…

Africa Equity’s Black Monday in Pictures: $28bn knocked off the market on Monday 24th Aug

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Lagos, Nigeria (Capital Markets in Africa) — On Monday 24th August, about $1.6 trillion was wiped off the global equity market capitalization, as panic on China’s trading floors sent shock waves through global markets. African equity markets were not spared in the attack and about $28 billion was shed off its equity market capitalization with slumps in key markets. For breakdown and details see the chart below ….

Ghana Equity Markets | 25 Aug 2015: Ghana Equity Markets in bearish mood … investors lose GHS 93 million.

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Accra, Ghana (Capital Markets in Africa):- The Ghana equity markets closed in red at the end of today’s trading session. The market capitalization was recorded at GHS 63,559 million after plunging by GHS 93 million (about -0.15 percent) relative to market capitalization of GHS 63,652 million recorded at previous trading session. The benchmark composite index shaved off 4.80 points or 0.79 percent to close the day at 2,152.59 points, representing a year-to-date performance 0f -4.80 percent. In the same mood,…

Egypt Equity Market | 25 Aug 2015 : Egyptian equities witness the bull, EGX30 2.75% higher

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Cairo, Egypt (Capital Markets in Africa):- Bull returned to Egyptian Exchange today and the market capitalization ended at EGP 424.8 billion after soaring EGP 4.0 billion (US$513 billion); relative to EGP 420.8 billion recorded at previous day trading session. The benchmark index EGX30 surged by 2.75 percent or 182.89 points to end 6,836.95 points. The equal-weighted indexes EGX50 climbed by 1.99 percent or 22.88 points to settle at 1,173.74 points. EGX70, which measures small and mid-cap index, added 1.90 percent or 6.94…

Mauritius Equity Watch | 25 Aug 2015 : Mauritius equities end in red again, market cap US$43 million lower

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Port Louis, Mauritius (Capital Markets in Africa) — Stock Exchange of Mauritius continued on the downward path. The equity market capitalization ended at MUR 216.442 billion after sagging by MUR 1.5 billion (US$43 million) relative to previous market capitalization of MUR 217.954 billion. The Mauritius All Share Index (SEMDEX index) fell by 0.69 percent or 13.57 points to close at 1,943.60 points and SEM10 index ended at 370.77 points after plunging by 0.88 percent or 3.27…

Ghana Equity Markets | 24 Aug 2015: Equity trading on the Ghanaian Stock Exchange ends bullish … financial index drops 0.46%..

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Accra, Ghana (Capital Markets in Africa):- On Monday, the Ghanaian Stock Exchange (GSE) ended in positive mood. The market capitalization added GHS 236 million to close at GHS 63,652 million relative to market capitalization of GHS 63,421 million recorded at the previous trading session. The benchmark composite index soared by 5.44 points or 0.25 percent to close the day at 2,169.66 points, representing a year-to-date performance 0f -4.04 percent. On the contrary, the financial Index declined by 9.93 points or 0.46…

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