The Editorial Team |

Nigeria: Four Disquieting Subjects in the Market… Calls for Concerns?

Lagos, Nigeria, Capital Markets in Nigeria — The Nigerian capital market and business community have been hit with a string of “bad news” in last few days, as unimpressive earnings releases – including the monumental loss reported by OANDO Plc – filtered into the market. The sequence of negative press was further amplified by regulatory sanctions on select listed and unlisted companies for alleged regulatory breaches. The actions and reactions that have trailed these events…

Egypt Market Watch | 03 Nov 2015: Egyptian exchange equity indices end in red, market cap depletes by US$55 million

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Cairo, Egypt, Capital Markets in Africa — On Tuesday, the Egyptian Exchange equity trading session ended in the red zone. The market capitalization closed at EGP 448.577 billion after dropping EGP 433.6 billion (US$54.8 million) relatively to EGP 449.011 billion recorded at previous trading session. The benchmark index EGX30 sagged by 0.02 percent or 1.73 points to end 7,432.96 points. The equal-weighted indexes EGX50 edged own by 0.05 percent or 1.20 points to settle at 1,250.21 points (with a…

Morocco Equity Markets | 03 Nov 2015: Casablanca equities sustain positive momentum, market cap up by US$68 million …

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Casablanca, Morocco, Capital Markets in Africa —The Casablanca Stock Exchange equity trading continued on the upward trends at end of today’s trading session. The Moroccan benchmark stock index (measured as MASI Index) surged by 0.22 percent to end at 9,104.41 points (with a year-to-date performance to -5.36 percent) with total market capitalization at MAD 458.300 billion (an increase of MAD 653 million or US$67.5 million relatively to the previous market capitalization of MAD 457.647 billion). The…

Mauritius Equity Markets | 03 Nov 2015 : Positive Equity Trading Persists …. SEMDEX Index up 15bps, SEM10 Index 39bps higher

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PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius was closed yesterday for celebration of the Anniversary of the Arrival of Indentured Labourer. The equity trading started the week and the November in bullish sentiment at the end of Tuesday’s trading session. The equity market capitalization ended at MUR 209.847 billion after adding MUR 327 million (about US$9 million) compared to the previous market capitalization of MUR 209.520 billion. In the same…

African Sovereign Eurobond October 2015 Review: Yield narrowing, Ghana and Namibia issue US$1b and US$750m resp. in Oct …

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Lagos, Nigeria, Capital Markets in Africa — The economic pressure on limited resources continued to have significant impact on African countries, as a result of downtrend in the commodity prices. So, most African countries are cash squeeze, forcing governments to reduce spending as debt rises and instigating central banks to implement aggressive monetary policy tightening to control inflation. The inability of government to meet its obligation has resulted to Students’ unrest in South Africa against increase in tuition fee…

South Africa Equity Markets | 02 Nov 2015: South Africa equity edges up as financial shares rise, resources and gold miners down

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Johannesburg, South Africa Capital Markets in Africa —On Monday, the Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) advanced by 0.12 percent or 66.52 points to settle at 53,860.26 points and the benchmark JSE Top 40 index ended 32.07 points or 0.07 percent higher to end at 48,349.52 points. The financial sector index added 0.70 percent or 317.90 points at 45,781.25 points. Industrial sector index and industrial 25 index grew by 0.10 percent to end…

Nigerian Equity Markets | 02 Nov 2015: Negative Trading Persists…. ASI down 18bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian equity market benchmark index went further below the 30,000pts psychological mark after dipping 18bps today to close at 29,136.85pts. This decline was driven by the sell-offs recorded in DANGOTE CEMENT (-1.0%), UNILEVER (-5.0%) and FBN Holdings (-1.2%). In a similar manner, market capitalization fell N105.3bn to settle at N10.0tn. Activity level measured by volume and value traded however showed mixed performances as volume advanced 49.9% to 308.1m…

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