frican capital market

Nigerian Equity Markets | 10 Sep 2015: Banking Counters drag Market…NSE ASI down 81bps

Lagos, Nigeria, Capital Markets in Africa — Nigerian Bourse remained weak today as the benchmark equities gauge – All Share Index (ASI) – shed 0.2% to close at 29,403.12 points, while YTD loss rose to –15.2%. Market Capitalization also declined N10.3bn to at N10.1tn. The decline in the benchmark index was against the backdrop of profit-taking in banking stocks – UBA (-8.7%), FBNH (-7.2%), STANBIC (-5.0%) and ETI (-3.2%) and GUARANTY (-1.2%). Market activity measured…

Mauritius Equity Markets | 10 Sep 2015 : Stock Exchange of Mauritius SEMDEX index lower, DEMEX index higher

Posted on by The Editorial Team

PORT LOUIS, Mauritius, Capital Markets in Africa — On Thursday, the trading floor of the Stock Exchange of Mauritius was painted in red. The equity market capitalization closed at MUR 215.326 after losing MUR 521 million (US$15 million) relative to previous market capitalization of MUR 215.847 billion. The Mauritius All Share Index (SEMDEX index) sagged by 0.24 percent or 4.67 points to close at 1,933.58 points and SEM10 index closed at 368.35 points after losing 0.32 percent…

Ghana Equity Markets | 9 Sep 2015: Ghana Stock Exchange equity markets return to red after a day in green

Posted on by The Editorial Team

Accra, Ghana Capital Markets in Africa — The bear returned to the Ghana Stock Exchange equity trading at the end of Tuesday’s trading session. The equities market capitalization went down by GHS 251 million (about US$10 million) to close at GHS 62,643 million relative to market capitalization of GHS 62,894 recorded at previous trading session. The benchmark composite index went down by 8.91 points or 0.44 percent to close the day at 2,094.70 points, representing a year-to-date performance 0f -7.36…

Nigerian Equity Markets | 9 Sep 2015: Market Tumbles on JPMorgan’s Notification…NSE ASI Losses 2.9%

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Bourse halted 3 consecutive days of gains as the Benchmark Index –All Share Index (ASI)- succumbed to heavy sell offs in the market, slumping 2.9% to close for the day at 29,454. 09points. We believe trading activities today were largely driven by panic in the market due to JP Morgan’s announcement to begin the de-listing of Nigerian Government Bonds from its emerging markets bond Index (GBI-EM) by…

Mauritius Equity Markets | 9 Sep 2015 : The Bear is the King at Stock Exchange of Mauritius Equity Markets …

Posted on by The Editorial Team

PORT LOUIS, Mauritius, Capital Markets in Africa — Stock Exchange of Mauritius equity market capitalization closed at MUR 215.847 after losing MUR 222 million (US$6.2 million) relative to previous market capitalization of MUR 216.069 billion. The Mauritius All Share Index (SEMDEX index) slacked by 0.10 percent or 1.91 points to close at 1,938.25 points and SEM10 index closed at 369.53 points after adding 0.18 percent or 0.68 points. From the market activity viewpoint, the overall total volume…

Ghana Equity Markets | 8 Sep 2015: Ghana Stock Exchange equity markets move to positive ..

Posted on by The Editorial Team

Accra, Ghana, Capital Markets in Africa — On Tuesday the Ghanaian Stock Exchange (GSE) equities closed in positive momentum, as a result the market capitalization rose by GHS 54 million to close at GHS 62,894 million relative to market capitalization of GHS 62,840 recorded at previous trading session. The benchmark composite index added 9.52 points or 0.45 percent to close the day at 2,103.61 points, representing a year-to-date performance 0f -6.96 percent. However, the financial Index sagged by 1.96 points or…

Nigerian Equity Markets | 8 Sep 2015: Nigerian Equities Sustain Positive Run ASI up 102bps

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — Nigerian equities sustained bullish momentum into the third consecutive trading session after crossing the psychological line of 30,000 points yesterday. The benchmark index advanced 102bps today to close at 30,358.87points, paring YTD loss to 12.4%. Market capitalization also added 105.4bn to close at N10.4tn. The improvement in the benchmark index today was on account of sustained bargain hunting in DANGCEM (+0.8%) and banking counters — ZENITH (+8.8%), STANBIC…

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