Ghana Market Watch | June 18th 2015: Ghana equity markets indices and market capitalization return to red today, GHS 24 million down

Ghana Market Watch | June 18th 2015: Ghana equity markets indices and market capitalization return to red today, GHS 24 million down

Accra, Ghana (Capital Markets in Africa):- Ghana equity markets indices and market capitalization tumbled at the end of today’s trading session. The benchmark composite index plunged by 4.41 points or about 0.18 percent to end the day at 2,377.66, bringing the year- to- date return to 5.16 percent. Equally, the financial Index dropped by 0.28 percent or 6.73 points to 2,439.49 with a year-to-date return of 8.73 percent. Likewise, the market capitalization fell nearly GHS 24.01 million (lose 0.04 percent relative to…

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Mauritius Market Watch | June 18th 2015: Mauritius equity market maintains positive momentum, SEMDEX 0.38% up, Market Cap adds MUR 824 million

Mauritius Market Watch | June 18th 2015: Mauritius equity market maintains positive momentum, SEMDEX 0.38% up, Market Cap adds MUR 824 million

Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market continued the positive momentum at the end of trading session. The Mauritius All Share Index (SEMDEX index) gained  0.38 percent or 7.42 points to close 1,983.33 points and the SEM10 gained 0.57 percent or 2.51 points to end at 379.26 points. The market capitalization was recorded at MUR 220.490 billion, by adding MUR824 million (against MUR 219.666  billion recorded at previous trading day) and overall total volume…

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Morocco Market Watch | June 18th 2015: Morocco equity market returns to green after 3-days in red

Morocco Market Watch | June 18th 2015: Morocco equity market  returns to green after 3-days in red

Casablanca, Morocco (Capital Markets in Africa):-  Morocco equity market returned to green after three consecutive trading days. The Moroccan benchmark stock index (measured as MASI Index) advanced by 0.33 percent to close at 9,532.74 points (with a year-to-date performance to -0.91 percent) with total market capitalization at MAD 483.526 billion (gained almost  MAD 1.2 billion against previous trading session market cap of MAD 482.331 billion) and market activities measured as total traded value was recorded…

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Egypt Market Watch | June 18th 2015: Egyptian stock exchange maintains the uptrend momentum with EGP 1.6 billion gains.

Egypt Market Watch | June 18th 2015: Egyptian stock exchange maintains the uptrend momentum with EGP 1.6 billion gains.

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity indices were maintained the bullish momentum to close the week on positive note. The market capitalisation gained around EGP 1.4 billion to close at EGP 490.129 billion (against EGP 488.733   billion recorded yesterday), backed by Egyptians’ strong buying. On a week-on-week basis, market capitalization added EGP 0.7 billion relative to last week Thursday market capitalization. The benchmark index EGX30 slightly surged by 0.24 percent or 20.16 points to end…

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Zimbabwe Market Watch | June 18th 2015: Zimbabwe industrial index marginally falls, market cap US$1 million down

Zimbabwe Market Watch | June 18th 2015: Zimbabwe industrial index marginally falls, market cap US$1 million down

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization sustained the bearish runs today. The industrial index fell by 0.02 percent or 0.03 points to end at 152.94 points. Equally, the market capitalization narrowly lost US$ 1 million to end at US$3.979 billion (against US$3.980 market cap recorded at previous trading session). The market activity today recorded a turnover of US$315,503 exchanged in 22 traded securities via 40 trade transactions….

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France’s FigeacAero to open production unit in Morocco

France’s FigeacAero to open production unit in Morocco

Rabat, Morocco (Capital Markets in Africa)  – Morocco’s aeronautics industry continues to spread its wings. Following in the footsteps of other global heavyweights in aeronautics such as Bombardier and Airbus, a 25 million euros investment will be injected in the Moroccan aeronautics industry by FigeacAero, a French group specializing in mechanical aerospace. The French company has confirmed plans to open a production unit in Casablanca which is expected to generate 500 jobs and an investment of…

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AfDB approves €50.20 million loan for Egypt National Drainage to boost agriculture

AfDB approves €50.20 million loan for Egypt National Drainage to boost agriculture

Cairo, Egypt (Capital Markets in Africa) — The African Development Bank (AfDB) will support Egypt’s National Drainage programme (NDP) to boost agricultural production and household income generation with a €50.20 million loan approved by AfDB Board on Wednesday, May 17 in Abidjan. The programme aims to optimize the benefits of irrigation by draining excess irrigation water from agricultural land in order to reduce water logging and soil salinity as well as make more land available…

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