Market Watch | - Part 30

Why Listing on a Public Exchange adds value for Business and Investors

LAGOS, Nigeria, Capital Markets in Africa: Africa has long been regarded as the ‘last frontier’ in terms of economic growth and investors have pinned their hopes on the latent potential of the continent. However, the tapering off of commodities prices following lower demand from China provides evidence that many countries have still been too dependent on oil and other commodities for export. The reliance on commodity-related growth and lack of restructuring in many economies have…

Emerging Markets Rally to One-Year Highs on Stimulus Prospects

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Emerging-market stocks and currencies rose to their highest levels in more than a year as prospects for central bank stimulus and a better-than-expected U.S. jobs report fueled demand for higher-yielding assets. Turkish bonds rallied and the lira strengthened after Moody’s Investor Service delayed a potential sovereign downgrade. South Korean stocks rallied after S&P Global Ratings raised the country’ credit ranking. Russia’s ruble rose for a fifth day as oil sold for more than…

Market Watch | Emerging Assets Set for Highest Close in a Year on Oil, Stimulus

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Emerging-market stocks and currencies headed for their highest close in a year as a recovery in oil prices and optimism central banks will keep monetary policy accommodative boosted demand for higher-yielding assets. A gauge of developing-market shares was poised for a fourth weekly gain, the longest winning streak since October, after a Bank of England interest-rate cut eased concern the U.K.’s decision to exit the European Union will slow global growth. Malaysia’s ringgit led…

Emerging-Market Stocks End Two-Day Drop on Oil as Rand Rallies

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Emerging-market stocks rose for the first time in three days as oil trading above $40 a barrel boosted energy producers. South African bonds and the rand rallied as local election results showed increased support for the main opposition party. Equity markets in Russia and Dubai advanced at least 0.6 percent, helping emerging-market equities rebound from their biggest two-day drop in a month. South Africa’s rand headed for its strongest close in nine months…

Egypt Stocks Rise Most in World as Bonds Rally on IMF Loan Talks

Posted on by The Editorial Team

CAIRO, Egypt, Capital Markets in Africa: Egyptian stocks and bonds rallied after the government said it’s negotiating with the International Monetary Fund for a loan to help revive its battered economy. The EGX 30 Index advanced 4.7 percent to 7,894.03 at 11:08 a.m. in Cairo, the biggest gain among more than 90 gauges tracked by Bloomberg globally. Commercial International Bank Egypt was the largest contributor to the jump, climbing 6.8 percent, the most on a closing basis since…

Market Watch: Emerging-Market Stocks Advance With Volatility at 11-Year Low

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Emerging-market stocks rose toward the highest level since China’s currency devaluation last year, while volatility fell to an 11-year low, on optimism earnings are improving and central banks remain supportive of growth. Egyptian stocks rallied the most in the world after the government said it’s nearing the final stages of talks for an International Monetary Fund loan. Turkey’s benchmark index headed for a one-week high, rising with the country’s bonds and currency,…

Market Watch | Emerging-Market Currency Price Swings Widen as Lira Bounces Back

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: A rebound in the Turkish lira after a failed coup attempt helped boost some developing-nation exchange rates that were hurt by the turmoil as a gauge of emerging-market currency volatility rose from an 11-month low. The lira gained 1.7 percent, following a 4.6 percent plunge on Friday, helping to lift currencies such as South Africa’s rand. The JPMorgan Emerging Market Volatility Index, a gauge of price swings, jumped 1.3 percent from the lowest…

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