Egypt Market Watch | 28 June 2015: Egyptian equities strengthen, market cap gains US$457 million.

Egypt Market Watch | 28 June 2015: Egyptian equities strengthen, market cap gains US$457 million.

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets began the week trading on positive note, all the indices and market capitalization ended today’s trading session in green.The market capitalization ended at EGP 489.615 billion; adding EGP 3.5 billion (or US$457 million) relative to EGP 486.133 billion recorded at the previous trading session. The benchmark index EGX30 added 1.26 percent or 105.81 points to end the day above the 8,500 points barrier at 8,511.98 points (-4.64 percent year-to-date…

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The Egypt Market Watch | June 25th 2015: Egyptian stock equities show a slow recovery with several sectors still in the red

The Egypt Market Watch | June 25th 2015: Egyptian stock equities show a slow recovery with several sectors still in the red

Cairo, Egypt (Capital Markets in Africa):- The Egyptian equity indices and market capitalisation recovery slowed today as a number of indices went back into the red deleting previous gains made during trading yesterday. The market capitalization ended at EGP 486.132 billion; losing EGP 0.756 billion relative to EGP 486.888 billion recorded at the previous day’s trading session. The benchmark index EGX30 lost by 0.6 percent to close at 8406.17 down 50 points to settle at 8,456.82 points (-5.8299…

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Nigeria Market Watch | June 25th 2015: Investor Sentiment Remains Weak…NSE ASI down 44bps

Nigeria Market Watch | June 25th 2015: Investor Sentiment Remains Weak…NSE ASI down 44bps

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equities market took another bearish slide as the NSE All Share Index (ASI) dipped 0.4% today. Performance was largely on account of sell pressure on ZENITHBANK (-2.0%),UNITYBNK (-2.8%) and FORTE OIL (-3.2%). Market capitalization also shed N49.6bn thereby shrinking to N11.3tn. Equally, Market activity weakened as volume and value traded declined 1.2% and 15.1% respectively after 306.5m units of shares worth N5.2bn were traded. The Insurance…

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Morocco Market Watch | June 25th 2015: Morocco equity markets remain bullish…MASI Index up by 0.07 percent

Morocco Market Watch | June 25th 2015: Morocco equity markets remain bullish…MASI Index up by 0.07 percent

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity markets remain bullish today as a result, the Moroccan benchmark stock index (measured as MASI Free Float Index) was up by 0.07 percent to close at 9,588.99 points (with a year-to-date performance to -0.32 percent) Equally, Morocco’s most active share the MADEX Free Float index (MADEX) ended at 7,838.50 points up from 7,831.07 points (up by 0.09 percent compared to the previous day’s trading session). On the other…

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Zimbabwe Market Watch | June 25th 2015: Zimbabwe equities continue to show red…Market Cap dovetails by US$50 Mill

Zimbabwe Market Watch | June 25th 2015: Zimbabwe equities continue to show red…Market Cap dovetails by US$50 Mill

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization continued in red today. The industrial index fell by 0.98 percent or -1.48 points to end at 148.60 points. Market capitalization dived by US$ 50 million to end at US$3.864 billion (against US$3.901 market cap recorded at yesterday’s trading session). The Minings index remained flat today settling at 40.19 cents. The market activity remained bearish again today keeping to its…

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Nigeria Market Watch | June 24th 2015: Bears on the prowl …NSE ASI down 34bps

Nigeria Market Watch | June 24th 2015: Bears on the prowl …NSE ASI down 34bps

Lagos, Nigeria (Capital Markets in Africa) — At the sound of the closing bell today, the Nigerian Stock Exchange All Share Index (ASI) dipped 0.3%. This was on the back of decline in highly capitalized stocks especially in the banking sector such as ETI (-2.2%), STANBIC (-2.1%) and FBN HOLDINGS (-1.7%). Market capitalization shed N33.1bn to settle at N11.4tn. On the contrary, market activity improved as volume and value traded advanced 49.1% and 173.4% to…

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Nigeria Market Watch | June 23rd 2015: Activity Level Softens on Nigerian bourse… NSE ASI closes flat

Nigeria Market Watch | June 23rd 2015: Activity Level Softens on Nigerian bourse… NSE ASI closes flat

Lagos, Nigeria (Capital Markets in Africa) — Nigerian Equities Market closed flat today as the benchmark index -All Share Index (ASI) held steady at 33,381.45 pts after easing 1bps. Similarly, market capitalization shed N1.1bn firming at N11.4tn. Price appreciation in Banking and Oil and Gas heavy weights such as ZENITH (+2.1%) ETI (+2.0%), FORTE OIL (+5.0%) and SEPLAT (+5.0%) were countered by losses in Industrial and Consumer Goods majors such as DANGOTE CEMENT (-0.8%) and…

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