Nigeria Market Watch | May 14th 2015: Nigerian equity market sustains uptrend…

Nigeria Market Watch | May 14th 2015: Nigerian equity market sustains uptrend…

Lagos, Nigeria (Capital Markets in Africa):- Bargain hunting positioning in bellwether equities ensured a bullish close in the Nigerian equities market for the second consecutive trading session. The All Share Index rose 61bps to 34,416.29 points while market capitalization gained N71.8bn to close at N11.7bn. Month-to-date (MTD) loss of the benchmark index hence pared to 0.8%. Appreciation in FORTE OIL (+5.0%), ZENITH (+3.3%), GUARANTY (+1.0%) and DANGOTE CEMENT (+0.6%) drove positive market performance today. Market activity…

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Ghana Market Watch | May 14th 2015: Ghana market closed neutral today…

Ghana Market Watch | May 14th 2015: Ghana market closed neutral today…

Accra, Ghana (Capital Markets in Africa):-  Ghana Stock exchange close neutral today, with the benchmark Composite index and financial index remained steady to close trading at 2,301.02 points and 2,333.81 points respectively. Likewise, the market capitalization remained unchanged at GHS 63,606 million. Market activity was very low with total volume of 1,500 shares and total turnover of GHS 3,736.00 (lower than previous trading turnover by c.99.97 percent) exchanged in two shares. The two shares traded today were HFC Bank Limited Ghana…

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

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

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…

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

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

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…

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

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

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…

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

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

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…

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

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

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…

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