African Stock Market Mid-Year 2015 Report: BRVM June leader, Botswana Q2 winner, Malawi YTD champ

African Stock Market Mid-Year 2015 Report: BRVM June leader, Botswana Q2 winner, Malawi YTD champ

Lagos, Nigeria, Capital Markets in Africa — African stock market performance measured by country equity benchmark index return ended in red for the month of June, with seven advancers and eleven decliners on the local currency basis. The June monthly returns ranges from  -4.7% registered by the Egyptian stock markets (measured by EGX30 index) to 5.49% recorded by Ugandan equity markets. Looking it from the quarterly return basis for local investor, African equity performance ended on neutral…

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Morocco Equity Watch | 1 July 2015: Morocco equity markets reverts to red …Market cap MUR 1.1 billion, indices down

Morocco Equity Watch | 1 July 2015: Morocco equity markets reverts to red …Market cap MUR 1.1 billion, indices down

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market reverted to the south pole after yesterday gains. The Moroccan benchmark stock index (measured as MASI Index) slid by 0.33 percent to close at 9,546.32 points (with a year-to-date performance to -0.77 percent).  On the same note, the Moroccan most active share index (MADEX) closed at 7,809.08 points, by losing 0.36 percent compared to previous trading session. However, FTSE CSE Morocco 15 Index faintly surged by 0.03…

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Zimbabwe Market Watch | 1 July 2015: Zimbabwe equities extends its bleeding, market cap US$41 million falls and indices massively down.

Zimbabwe Market Watch | 1 July 2015: Zimbabwe equities extends its bleeding, market cap US$41 million falls and indices massively down.

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization continued to walk in the red district at end of today’s session. The industrial index somersaulted  by 1.10 percent or 1.50 points to end at 146.90 points, resulting to -9.76 percent year-to-date and -21.25 on year-on-year basis. Also, the mining index tumbled by 4.42 percent or 1.95 percent to settle at 42.34 points (-40.95 percent and 30.95 percent year-to-date and…

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Kenya Equity Watch | 1 July 2015: Kenya equity market reverts to red, market cap KES 17 billion down

Kenya Equity Watch | 1 July 2015: Kenya equity market reverts to red, market cap KES 17 billion down

Nairobi, Kenya (Capital Markets in Africa):- Kenya equity markets reverted yesterday’s gains to begin July on a bearish note. The market capitalization closed at to close at KES 2,285.09 billion, by dropping KES 16.8 billion or 0.73 percent relative to market capitalization of KES 2,301.88 billion recorded at previous trading session. The Nairobi Securities Exchange (NSE20) index dropped by 47.65 points or 0.97 percent to close at 4,858.42 points and Nairobi All Share Index tumbled by…

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Mauritius Equity Watch | 1 July 2015: Mauritius equity market start July on bearish mood, down US$25 million

Mauritius Equity Watch | 1 July 2015: Mauritius equity market start July on bearish mood, down US$25 million

Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity markets started the month on bearish note, reversing yesterday gains. The Mauritius All Share Index (SEMDEX index) somersaulted by 0.40 percent or 7.89 points to close 1,973.01 points and the SEM10 index plunged by 0.89 percent or 3.38 points to end at 375.06 points. The market capitalization was recorded at MUR 219.354 billion, by falling MUR 877 million (as against MUR 220.231 recorded at yesterday’s trading session) and overall…

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Nigeria Equity Watch | 1 July 2015: Nigerian Market Fizzles on H2 Portfolio Readjustment…NSE ASI down 177bps

Nigeria Equity Watch | 1 July 2015: Nigerian Market Fizzles on H2 Portfolio Readjustment…NSE ASI down 177bps

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian bourse reverted a 2-day gain as the benchmark index tumbled 1.8% to berth at 32,863.43 points today. Intraday market movement indicated that the NSE ASI slumped from 33300pts at mid-day to 32800pt before adjusting upwards at close of trade. We link the sharp decline of the index to sell down in DANGOTE CEMENT (-4.4%), STANBIC (-4.0%) and NIGERIAN BREWERIES (-1.0%) in today’s trading. As a result,…

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Cote d’Ivoire Equity Watch | 1 July 2015: BRVM Equity markets closed lower today, market cap XOF 4.4 billion down

Cote d’Ivoire Equity Watch | 1 July 2015: BRVM Equity markets closed lower today, market cap XOF 4.4 billion down

Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) BRVM closed the first day in the July trading session, lower than the previous day. BRVM 10 index decreased from 279.08 to 278.27 points, a drop of 0.29%. BRVM Composite index lost 0.06% to 278.26 against 278.44 points previously. The equity market capitalization lost XOF 4.4 billion to close at XOF 6,866.24 billion relative to previous trading sessions’ market capitalization…

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