African Stock Markets

Nigerian Equity Markets | 24 Feb 2016: Equities Slide on Banking Stocks Rout… NSE ASI sheds 0.9%

Lagos, Nigeria, Capital Markets in Africa —The Nigerian bourse closed southwards to extend losses to the 3rd trading session amid sell-offs in banking and consumer goods bellwethers. The All Share Index declined 0.9% settling at 23,883.34 points. The negative market performance was broadly driven by price depreciation in GUARANTY (-3.8%), ZENITH (-5.0%) and GUINNESS (-5.0%). The market lost N68.4bn in value as market capitalization reduced to N8.2tn. Activity level was mixed as volume grew 33.6% while value traded dipped 3.3% to…

Africa Equity Weekly | 22 Jan 2016: Relief for Nigeria and South Africa Investors but not Kenya’s …

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — As the week ending 22nd January 2016 came to a close, the African equity markets continued in the red district. Out of the eighteen African equity indices four ended in positive district and thirteen in the negative region (Illiquid Swaziland All Share index remained unchanged to end at 327.5 points) compared to the previous week ending Friday 15th January 2016. The overall average return of the eighteen stock…

Africa Equity Weekly | 15 Jan 2016: Egypt, Nigeria, South Africa in red … Mauritius, Tunis in green

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The global market’s poor start to the year continued this week as investors sold off on equities and junk bonds globally in a flight to safety due to increasing downside risk of a hard landing in China, credit defaults in high yield junk bonds, weaker global growth and softer commodity prices. Brent crude traded below the US$30.0pb line on Friday, with broader analysts’ outlook of a bottom ranging…

Nigerian Stock Exchange Introduces Circuit Breaker as Stocks Plunge

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa —- Nigeria’s stock exchange introduced a circuit breaker to limit price fluctuates (fall/rise). Trading on the Nigerian Stock Exchange will be stopped for 30 minutes if the All Share Index moves 5 percent from the previous day’s close between 10:15 a.m. and 1:45 p.m. (local time), the Lagos-based exchange stated in a statement on its website. The market will close for the day if the circuit breaker is triggered for…

Nigerian Equity Markets | 31 Dec 2015: Equities Close 2015 with Fireworks …NSEASI Appreciates 3.1%

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market All Share Index (ASI) ended the year on a positive note appreciating 3.1% today to settle at 28,642.3pts. Amid intense political tension, tumbling oil prices and macroeconomic pressures in the domestic and global space, the local market benchmark index depreciated 17.4% in 2015 relative to -16.2% in 2014. Market capitalization improved N297.3bn at the end of today’s trade settling at N9.9tn but down by N1.6tn…

Nigerian Equity Markets | 30 Dec 2015: Equities Surge 3.8% Ahead of New Year’s Eve

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The local bourse ended today’s trading session higher as against a negative performance yesterday. Thus, the All Share Index (ASI) rose 3.8% settling at 27,777.83pts to trim YtD loss to 19.8%. Market capitalization also expanded by N351.5bn to close at N9.6tn. Today’s performance was largely driven by buy sentiment in bellwether stocks such as DANGCEM (+8.6%) and NIGERIAN BREWERIES (+7.8%) as last minute traders position ahead of the New…

African exchanges need a platform for cooperation and the development of their capital markets — Karim Hajji, CEO, Casablanca Stock Exchange

Posted on by The Editorial Team

Karim Hajji, Chief Executive of the Casablanca Stock Exchange (CSE) gives an exclusive interview to Capital Markets in Africa and elaborates on aspects of Moroccan capital markets development and investment opportunities. He also spoke about the need to make African exchanges more liquid and advocated for African exchanges to strengthen their ties in order to create a platform for successful cooperation and to identify avenues for the development of their capital markets. The Casablanca Stock Exchange is one of…

« 1 2 3 4 5 6 … 13 »