The Editorial Team |

Zimbabwe Market Watch | May 29th 2015: Zimbabwe stock equity extends down trend

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) the industrial index lost a further 0.01 points (0.01 percent) to settle at 152.96 points. Likewise, the market capitalization was recorded at US$ 3.978 billion (lost mere US$1 million compared to yesterday’s market capitalization). The market activity today recorded a turnover of US$330,871 changing hands in 16 securities via 26 trade deals. Foreign investor buys US$138,969 and foreign sells US$133,006 today. Out of the 16 traded…

Cote d’Ivoire Market Watch | May 29th 2015: BRVM returns positive and adds XOF 22 billion

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Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Friday, higher than the previous day. BRVM 10 index rose from 272.88 to 273.88 points, a gain of 0.37%. BRVM Composite index gained 0.32% to 268 against 267.14 points previously. The equity market capitalization was recorded at XOF 6,613.04 billion compared to XOF 6,591.72 billion previously (up by almost XOF 22 billion). Looking at the…

Kenya Market Watch | May 29th 2015: Kenyan equity gains KES 10billion but NSE20 index down

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Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE20) index continued in the bearish mood and plummeted by 19.15 points (-0.40 percent) to 4,786.74 points but Nairobi All Share Index gained 0.67 points (0.41 percent) to close at 162.13. However, the FTSE NSE 25 and FTSE NSE 15 indices fell by 3.32 points (-1.50 percent) and 3.32 points (-1.40 percent) to close the day at 217.85 and 217.43 points respectively. The market capitalization gained…

Nigeria’s new President Muhammadu Buhari promises to supercharge the African economic giant

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Criticism of Nigeria as a place to do business is widespread but misplaced. The scaremongers say that the country is unstable, with a crumbling economy and threats from terrorist groups. They point to oil shortages, collapsing crude prices, the ferocity of the Boko Haram terrorist group, and rampant corruption. But these snapshots do not paint a fair portrait of sub-Saharan Africa’s largest economy, and overlook what the regional powerhouse offers foreign corporations and investors. President-elect…

Botswana Market Watch | May 28th 2015: Botswana equity market gains 0.1%

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Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index continued to head northwards, gaining 0.08 percent to extend its year-to-date growth by 10.15 percent. However, the foreign composite index remained flat to close at 1,569 points and year-to-date return is still in the red, reflecting the depressed international commodity market. The equity market capitalization was recorded at BWP 381.589 billion. From the market activity viewpoint; the total volume and total turnover were recorded at 8.442 million (increased by 122 percent…

Ghana Market Watch | May 28th 2015: Ghanaian benchmark index adds 0.05% and market cap up GHS 135 million

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Accra, Ghana (Capital Markets in Africa):- Ghana equity benchmark composite index advanced by 1.26 points (about 0.05 percent) to end the day at 2,362.28, representing a year- to- date return of 4.48 percent. While the financial Index lost 0.12 point to close at 2,422.33 with a year-to-date return trim to 7.68%. The market capitalization was recorded at GHS 64,575.13 million (gained GHS 135 million from previous market capitalization). At the same time, market activities were impressive with improved volume and turnover and…

Cote d’Ivoire Market Watch | May 28th 2015: BRVM give up XOF 30bn, index lower today

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Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Thursday, lower than the previous day. BRVM 10 index decreased from 275.04 to 272.88 points, a drop of 0.79%. BRVM Composite index lost 0.44% to 267.14 against 268.32 points previously. The equity market capitalization was recorded at XOF 6,591.72 billion compared to XOF 6,621.05 billion previously (a decrease of almost XOF 30 billion). Looking at…

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