Egypt Market Watch | June 17th 2015: Egyptian stock exchange surges for 2nd day in a row; equities gain EGP 1.6 billion

Egypt Market Watch | June 17th 2015: Egyptian stock exchange surges for 2nd day in a row; equities gain EGP 1.6 billion

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity indices were bullish today and maintained yesterday gains. The market capitalisation gained around EGP 1.60 billion to close at EGP 488.733 billion (against EGP 487.136  billion recorded yesterday), backed by Egyptians’ strong buying. The benchmark index EGX30 slightly surged by 0.01 percent or 0.45 points to end the day at 8,556.55 points (-4.15 percent year-to-date performance). Similarly, the small and mid-cap index EGX70 climbed by 0.39 percent or 1.75 points to…

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Botswana Market Watch | June 17th 2015: Botswana domestic composite index adds 100 bps

Botswana Market Watch | June 17th 2015: Botswana domestic composite index adds  100 bps

Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index added  0.01  percent  or 13,00 point to close at BWP 10,601.66. However, the foreign composite index marginally lost 0.06 basis point  to close at 1,570.91 points. However, the equity market capitalization was recorded at BWP 430.421 billion. From the market activity viewpoint, the daily volume and turnover settle at 381,663 and BWP 1.400 million. Barclays Bank Botswana recorded a volume of 30,000 and turnover of BWP 126,000, G4S ended with 27,027…

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Zimbabwe Market Watch | June 17th 2015 industrial index and market capitalization ended in red region today

Zimbabwe Market Watch | June 17th 2015 industrial index and market capitalization ended in red region today

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization ended in red region today. The industrial index fell by 0.05 percent or 0.08 points to end at 152.98 points. Equally, the market capitalization lost US$ 11 million to end at US$3.980 billion (against US$3.991 market cap recorded at previous trading session). The market activity today recorded a turnover of US$2.557 million exchanged in 19 traded securities via 43 trade transactions….

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Morocco Central Bank keeps interest rate on hold at 2.5 percent

Morocco Central Bank keeps interest rate on hold at 2.5 percent

Casablanca, Morocco (Capital Markets in Africa):- Morocco’s central bank, or Bank Al-Maghrib, kept its benchmark interest rate unchanged at 2.5 percent on Tuesday, saying that inflation would remain consistent with price stability targets. Inflation is expected to reach 1.5% in 2015 and 1.4% on average over the next six quarters. However, there are external uncertainties over oil prices, according to the central bank. A decline in global oil prices revived Morocco’s public finances and slashed…

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Ghana Market Watch | June 16th 2015: Ghana equity markets indices and market capitalization tumble

Ghana Market Watch | June 16th 2015: Ghana equity markets indices and market capitalization tumble

Accra, Ghana (Capital Markets in Africa):- Ghana equity markets indices and market capitalization nose-dive at the end of today’s trading session. The benchmark composite index dropped 3.15 points (about 0.13 percent) to end the day at 2,360.66, bringing the year- to- date return to 4.41 percent. Equally, the financial Index plunged by 5.21 points or 0.22 percent to 2,414.09 with a year-to-date return of 7.60 percent. Alike, the market capitalization went down nearly GHS 17.14 million (-0.03percent relative to yesterday market cap…

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Tanzania Market Watch | June 16th 2015: Tanzania equity market adds TSZ 61 billion and index up by 0.25%

Tanzania Market Watch | June 16th 2015: Tanzania equity market adds TSZ 61 billion and index up by 0.25%

Dar es Salaam, Tanzania (Capital Markets in Africa):- The Dar es Salaam Stock Exchange (DSEI) rose by 7.60 points or 0.25 percent to close at 2,838.66 points and market capitalization recorded at TZS 24,852.67 billion (an increase of about TSZ 61.21 billion against previous trade session market cap of TSZ 24,791.46). However, the domestic Share Index declined by 26.26 points or 0.55 percent to close at 4,769.24 points. Today, the market recorded a total turnover…

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Morocco Market Watch | June 16th 2015: Morocco equity market continued in negative region, down by MAD 37 billion

Morocco Market Watch | June 16th 2015: Morocco equity market continued in negative region, down by MAD 37 billion

Casablanca, Morocco (Capital Markets in Africa):-  Morocco equity market continued in the negative region. The Moroccan benchmark stock index (MASI Index) plunged by 0.74 percent to close at 9,543.63 points (with a year-to-date performance to -0.80 percent) with total market capitalization at MAD 484.437 billion (lost about MAD 37 billion against previous trading session market cap of MAD 488.137) and market activities measured as total traded value was recorded at MAD 70.493 million. Equally, Moroccan…

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