Mauritius Market Watch: Week Ended 8th May, 2015

Mauritius Market Watch: Week Ended 8th May, 2015

Port Louis, Mauritius (Capital Markets in Africa):- The official indices remained almost unchanged this week. The Semdex was flat at 1955.83 points while the SEM-10 index increased slightly by 0.1% 371.39 points respectively. Overall market turnover amounted to Rs367.0m (USD 10.5m), geared towards MCBG and SBMH which contributed 78.7% to weekly turnover. Foreign investors were net sellers to the tune of Rs142.1m. MCB Group saw a total volume of 0.922 million shares traded over the week…

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African Stock Market Performance at the end of April, 2015

African Stock Market Performance at the end of April, 2015

African stock market performance across the region has remained fairly buoyant in 2015 (i.e. at the end of April 2015) for local investors. The exceptions were Mauritius (depreciated by 5.7%), Zimbabwe (lost 4.0%), Egypt (declined by 2.8%) and Zambia (down by 0.5%). It ended, however, in the negative region for Forex adjusted returns (in US dollar)due to the depreciation of most African currencies against the US dollar during the period under review. This depreciation is attributed to…

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Nigeria Market Watch: Week Ended 8th May, 2015

Nigeria Market Watch: Week Ended 8th May, 2015

Nigerian Stock Market Weekly Summary and Outlook The Nigerian Stock Market sustained a downward trend throughout the week. NSE ASI closed the week at 0.8% lower compared to previous week’s return, hence index level berthed at 34,388.12 points despite the streams of quarterly results that were released. Likewise, YTD return swung back negative, settling at 0.8%. Market activity however improved as total volume for the week rose 35.5% W-o-W to 1.6bn units while value traded…

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Nigeria Market Watch: Week Ended 30th April, 2015

Nigeria Market Watch: Week Ended 30th April, 2015

Weekly Equities Market Review and Outlook The Nigerian Stock Market traded predominately in the red save for the last trading day this week erasing previous losses. The streams of positive quarterly results that were released gradually boosted investors’ sentiment most especially on Thursday (+1.9%). As a result, the NSE-ASI advanced 0.6% WTD settling at 34,708.11 points at the close of trade this week. Likewise MTD and YTD swung positive at 9.3% and 0.1% respectively. On…

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Nigeria Capital Market: Week Ended 24th April, 2015

Nigeria Capital Market: Week Ended 24th April, 2015

Nigerian Stock Market Weekly Summary and Outlook The market continued to trade sideways this week as investors treaded more cautiously. The NSE ASI shed 1.5% W-o-W settling at 34,485.72 at the close of trade on Friday. Nevertheless, MtD return closed positive at 8.6% although YtD was negative at 0.5%. Following the course of the benchmark index, aggregate market capitalization declined N779.1bn W-o-W and closed at N11.7tn. Market activity was mixed with the aggregate volume of…

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Nigeria Capital Market: Week Ended 17th April, 2015

Nigeria Capital Market: Week Ended 17th April, 2015

Nigerian Stock Market Weekly Summary and Outlook The NSE ASI added 20bps W-o-W as the index closed at 35,005.42pts. Market capitalization advanced N25.7bn to N11.9tn while YtD performance remained positive at 1.0% at the close of the week. On the contrary, activity level measured by volume traded retreated 45.3%% to 1.9bn units even as value traded declined 23.0% to N19.4bn. The Banking sector topped the sector advancers for the week, rising 1.5% due to rally…

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African Market Watch: Thurs, 16th April 2015

African Market Watch: Thurs, 16th April 2015

BRVM [The Regional Stock Exchange, Cote d’Ivoire]: BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, higher than the previous day for both BRVM 10 index and BRVM Composite. BRVM 10 index rose from 271.78 to 273.94 points, a gain of 0.79%. BRVM Composite index gained 0.51% to 263.17 against 261.83 points previously. The equity market capitalization was recorded at XOF 6,492.71 billion. Likewise, the traded value was recorded at XOF…

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