The Editorial Team |

Morocco Equity Markets | 17 Nov 2015: MASI Index 0.34% down, MADEX Index 0.38% lower, Market Cap lose US$141 Million …

Casablanca, Morocco, Capital Markets in Africa — The Moroccan benchmark stock index (measured as MASI Index) slumped by 0.34 percent to close at 9,179.31 points (with a year-to-date performance to -4.58 percent) with total market capitalization at MAD 461.660 billion (a drop of MAD 1.4 billion or US$141 million relative to previous market capitalization of MAD 463.101). The market activity measured as total traded value was recorded at MAD 132.624 million relatively to the previous total…

Bank of Mozambique hikes Marginal Lending Facility rate by 50bps to 8.25% to curb inflation …

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MAPUTO, Mozambique, Capital Markets in Africa — Mozambique’s central bank raised its benchmark standing facility rate by a further 50 basis points to 8.25 percent, citing the need for “redoubled caution” in light of the prospects for short and medium-term inflation at a time of growing foreign and domestic risks, according to stated issued by the Bank of Mozambique. The bank has raised its rate by 75 basis points so far in 2015 following an…

Bank of Ghana Unexpectedly hikes Policy Rate by 100 basis points to 26%

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ACCRA, Ghana, Capital Markets in Africa — The Bank of Ghana (BoG) announced a hike in its benchmark policy rate from 25 per cent to 26 per cent following at the end of the 67th Monetary Policy Committee (MPC) meeting held on Friday 13 November 2015. The central bank Governor, Dr Henry Kofi Wampah, told a media briefing on Monday 16 November that the inflation stood at 17.4 per cent in October, unchanged from September…

Nigerian Equity Markets | 16 Nov 2015: Bears Claw Market Back as Sentiment Wanes … NSE ASI Down 107bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market dipped into the red at the close of trade today, to erase the marginal gain recorded last Friday. The Benchmark Index –All Share Index- fell 1.1% to close at 28, 532.81points. The bears’ hold on the market further tightened as seen from the losses in bellwether Banking and Consumer Goods counters – ZENITH (-4.8%), GUARANTY (-3.7%) and NIGERIAN BREWERIES (-2.1%) which drove the negative performance….

Cote D’Ivoire Stock Markets | 16 Nov 2015: Agriculture, Transport and Distribution pull indices to red zone …

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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 Monday lower than the previous day. BRVM 10 index decreased from 297.77 to 295.64 points, a drop of 0.72 percent. BRVM Composite index lost 0.47 percent at 301.72 points against 303.14 points previously. The equity market capitalization dropped XOF 33 billion (about US$58.5 million) to close at XOF 7,445 billion relatively to the previous trading…

Egypt Equity Markets | 16 Nov 2015: Egyptian ends in mixed mood, market caps higher but EGX 30 index lower …

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Cairo, Egypt, Capital Markets in Africa —– Egyptian Exchange equity trading started the week on a mixed note after the equity market capitalization gained EGP 1.38 billion (nearly US$172 million) to end at EGP 419.269 billion from EGP 417.889 billion recorded at the previous day trading session. However, the benchmark index EGX30 sagged by 76.10 points or 1.07 percent to end 7,158.10 points. The equal-weighted indexes EGX50 soared by 0.44 percent or 4.85 points to settle at 1,102.30 points. EGX70…

Morocco Equity Markets | 16 Nov 2015: Morocco Equity Market Resumes in the week in Red … investors lose US$245 million

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Casablanca, Morocco, Capital Markets in Africa —On Monday, the equity trading ended in negative both the market indices and market capitalization closed lower. The Moroccan benchmark stock index (measured as MASI Index) sagged by 0.54 percent to close at 9,211.08 points (with a year-to-date performance to -4.25 percent) with total market capitalization at MAD 463.101 billion (a drop of MAD 2.5 billion or US$254 million relative to previous market capitalization of MAD 455.782). The market activity…

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