African Market Watch: Tuesday, 24th February 2015

African Market Watch: Tuesday, 24th February 2015

Egypt: The Egyptian Exchange (EGX) indices have closed on mixed note today, as the market capitalization added EGP71mn amid lack of new economic catalysts. Today’s trades came to approve that resistance level of 9675 pts is considered a strong barrier, as the benchmark halted in breaking above it for the second session in row. The benchmark EGX30 (30 well-capitalised companies) inched up 0.11% to close at 9,611.66pts. The EGX70, which measures small and mid-cap stocks,…

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African Market Watch: Monday, 23rd February 2015

African Market Watch: Monday, 23rd February 2015

Egypt: The Egyptian stock market closed on positive note, with the EGX 20 capped index, EGX 30 index and increased by 1.02%, 1.12% and 0.18% respectively.  Today’s top gainer today is Egyptian Company for Mobile Service, rising 10.0% to close at LE 178.93 and the top loser is Egyptian International Pharmaceutic which shaved off 8.57 percent to close at LE 78. Foreign buys and sales stood at 11.2% and 9.9% respectively of total turnover (LE 505.03…

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African Market Watch: Thursday, 19th February 2015

African Market Watch: Thursday, 19th February 2015

Kenya: The NSE 20 gained 27.77 points in today’s trading to close at 5,473.81, as telecommunication giant Safaricom touched an all-time high and beer maker East African Breweries Limited (EABL) traded at the highest price in the last one year. While the Nairobi All Share Index went up 1.48 points to close at 175.65. The top gainer today was Limuru Tea, rising 9.54 percent to close at KES 1,114.00. The top loser was Pan Africa Insurance,…

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