African stock market

South Africa’s Tongaat posts lower full-year earnings

Johannesburg (Capital Markets in Africa): – South African sugar maker Tongaat Hulett posted a 16 percent drop in full-year earnings on Monday, weighed down by lower sugar output and prices. Tongaat said diluted headline earnings per share for the year to the end of March totalled 826.1 cents compared with 979 cents a year earlier. Headline earnings are the main profit gauge in South Africa and exclude certain one-off and non-trading items. Source: Reuters Africa Business…

Egyptian pound steady at official auction, weaker on black market

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Cairo (Capital Markets in Africa):– Egypt’s central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Sunday, while the currency weakened on the black market. The central bank has held the official exchange rate steady for more than three months since letting the pound weaken at the beginning of 2015. This weakening and other measures have helped reduce black market trading significantly. In Sunday’s auction, the bank said…

Kenya Market Watch | May 25th 2015: Kenya market cap down 0.48%, Indices down.

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Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE20) index declined by 21.34 point to 4,858.61 points and Nairobi All Share Index lost 0.78 points to close at 164.14. Likewise, the FTSE NSE 25 and FTSE NSE 15 indices went down by 3.56 points and 3.44 points to close the day at 218.62 and 218.12 points respectively. At the same time, the market capitalization declined 0.48 percent to close at KES 2,295.93 billion. Looking…

Ghana Market Watch | May 21st 2015: Ghanaian benchmark index adds 0.88 percent

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Accra, Ghana (Capital Markets in Africa):- Ghana equity benchmark composite index added 20.28 points to end the day at 2,337.61, representing a year- to- date return of 3.39%. The Financial Index also added 28.15 points to 2,392.51 with a year-to-date return of 6.64%. The market capitalization was recorded at GHS 64,440.64 million (added GHS 110 million from previous market cap). Whereas, the trading activity on the market witnessed lower volumes and turnover compared to the Wednesday’s session. At the close of…

Mauritius Market Watch | May 21st 2015: Mauritius equity market indices were up during the session

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Port Louis, Mauritius (Capital Markets in Africa):-Mauritius equity market indices were up during the session. The Semdex and the SEM-10 gained 0.17 percent and 0.34 percent respectively. Market turnover amounted to MUR 19.4m mainly geared towards SUN, CIEL and MCB Group which accounted for 55.9 percent of total market turnover. From the market movers’ viewpoint, MCB Group reached low of MUR 204.75 before closing unchanged at MUR 205.00 on 9,500 shares exchanged. Whilst SBM Holdings grew by 1.1 percent to MUR…

Ghana Market Watch | May 20th 2015: Ghana equity market bounces to bullish

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Accra, Ghana (Capital Markets in Africa):- Ghana equity markets bounced back from yesterday’s slide with gains in two banking stocks propelling the indices. The benchmark Composite Index gained 1.16 points to close trading at 2,317.33, representing a year- to- date return of 2.49%. The Financial Index also added 6.78 points to 2,364.36 with a year-to-date return of 5.38%. The market capitalization was recorded at GHS 64,330.06 million (added GHS 6.3 million from previous market cap). At the close of trading, a total…

Kenya Market Watch | May 20th 2015: Market cap gains 0.27%, Indices lose..

Posted on by The Editorial Team

Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE20) index declined by 17.26 percent to 4,924.25 points and Nairobi All Share Index added 0.45 points to close at 167.38. At the same time, the market capitalization gained 0.27 percent to close at KES 2,341.38 billion. Looking at the market activities, OLYMPIA HOLDINGS surged by 8.70 percent to close at KES 5.00 to become today trading sessions’ top gainer. It is followed by TOTAL Kenya which rose…

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