The Editorial Team |

African Telecommunications sector to boost M&A activity

London (Capital Markets in Africa):- Moody’s released a report titled: M&A Activity to Reshape Competitive Environment as Markets Mature and Consolidate, on 14 May 2015, stated that it expects more consolidation within African telecom’s markets as existing operators (especially smaller third or fourth tier companies) are looking for ways to minimise costs and increase their market share. The report highlighted further, that African telecoms market comprised of a mix of local, regional and international operators,…

Egypt Market Watch | May 14th 2015: Blood continues on Egypt’s equity markets Street

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Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) plunged further today to its five-week lowest, and shedding off nearly EGP 9.6 billion of its capitalisation to close at EGP 482.232 billion, as investor sentiment continues over the uncertain about the proposed capital gains tax. The benchmark index EGX30 fell 2.52 percent or 214.91 points to close at 8526.43 points; its lowest level since 17 December, 2014. This amounted to a year-to-date performance of…

Zimbabwe Market Watch | May 14th 2015: Zimbabwe stock market gave up US$ 81 million today …

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Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index marginally dropped by 0.03 points (about 0.02 percent) to settle at 154.19 points. The market capitalization was recorded at US$ 4.007 billion (dropping US$ 81 million) compared to US$4.088 billion previously. Today’s market activities measured by total turnover was recorded at US$4.048 million exchanged in 12 securities via 26 trades. Foreign investors buy US$911,429 and sell US$ 475,848. Out the 12 traded…

Cote d’Ivoire Market Watch | May 13th 2015: BRVM composite index gain 0.21 percent ….

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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 Wednesday, higher than the previous day. BRVM-10 index rose from 272.34 to 272.91 points, a gain of 0.21%. BRVM Composite index gained 0.21% to 263.03 against 262.47 points previously. The equity market capitalization was recorded at XOF 6,490.33 billion. Looking at the market activities, the total volume traded was recorded at 139,897 and total traded…

Nigeria Market Watch | May 13th 2015: Bulls Resurface after 7-Day Bear Dominance

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Lagos, Nigeria (Capital Markets in Africa):- The Nigerian Equities Market closed 27bps higher today after seven days of consecutive losses. The gain recorded brought the index level to 34,208.30 points driven majorly by investor rally in Banking counters – ZENITH (+2.5%) and GTBANK (+2.0%). Similarly, market capitalization improved N31.5bn to close at N11.6tn. Market activity was however mixed as volume declined 33.3% to settle at 350.7m units while value advanced 1.9% to peg at N3.4bn. Banking…

Kenya Market Watch | May 13th 2015: Kenya equity lost KES 47 bn

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Nairobi, Kenya (Capital Markets in Africa):- The NSE 20 and NASI index dipped for the third day running by 32.46 points and 2.19 points respectively to close at 4,980.48 and 167.27. The market capitalization lost KES 47.20 billion (about -1.98%) to close at KES 2,339.89 billion. Liberty Kenya Holdings Limited edging up by 4.21 percent to close at KES 24.75, British American Tobacco Kenya went up 3.48 percent to end the trading day at KES…

Egypt Market Watch | May 13th 2015: Blood on Egypt’s equity markets Street

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Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices collectively end in red on Wednesday while the market capitalization shed nearly EGP 6 billion to close at EGP 491.8 billion, pressured by the decline of blue chips. The benchmark index EGX30 fell 1.7% or 147.91 points to 8,526.43 points. The small and mid-cap index EGX70 lost 2.33% to 453.85, while the broader EGX100 index slid 1.53% to 944.43 points. Likewise the EGX20 capped index plummeted…

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