OPEC agrees to keep pumping as fears of a global oil glut persist

OPEC agrees to keep pumping as fears of a global oil glut persist

Vienna, (Capital Markets in Africa) – Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports. Concluding a meeting with no apparent dissent, Saudi Arabian Oil Minister Ali al-Naimi said the Organization of the Petroleum Exporting Countries had rolled over its current output ceiling, renewing support…

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African Stock Market Performance at the end of May, 2015

African Stock Market Performance at the end of May, 2015

Lagos, Nigeria (Capital Markets in Africa):- African stock market performance across the region has remained fairly flat (with merely -0.8% average return) for local investors in the month of May 2015. Figures for the Market Performance Month of May saw the Exchanges record high’s of 4.9% and 4.0% in Botswana and Ghana respectively. Several Markets went the other way recording losses ranging from 0.2% to 6.7%  lead by the markets of South Africa (depreciated by 4.0%), Kenya (depreciated by 6.4%) and Namibia (down by…

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Zimbabwe Market Watch | June 5th 2015: Zimbabwe stock equity ends the week on positive note but negative today.

Zimbabwe Market Watch | June 5th 2015: Zimbabwe stock equity ends the week on positive note but negative today.

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index ended the week lower at 153.49 point losing 0.15 points or 0.10 percent. Despite today’s loss the industrial index end on positive territory, by adding 0.53 points or 0.35 percent compared to week ending 29 May 2015. Likewise, the market capitalization ended the week at US$ 3.994 billion, by adding US$16 million compared to US$3.978 billion recorded the week closing 29 May 2015. The…

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Zimbabwe Market Watch | June 3rd 2015: Zimbabwe stock equity market bled more blood, lost US$18 million.

Zimbabwe Market Watch | June 3rd 2015: Zimbabwe stock equity market bled more blood, lost US$18 million.

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index end in red in second consecutive trading day, the index lost 0.56 points (0.37 percent) to settle at 152.36 points. Likewise, the market capitalization fell from US$ 3.981 billion to settle at US$3.963 billion (reducing by US$18 million). The market activity today recorded a turnover of US$1.410 million exchanging in 19 securities via 34 trade transactions. Foreign investor buys US$1.036 million and foreign sells…

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Zimbabwe Market Watch | June 2nd 2015: Zimbabwe stock equity market lose US$3 million.

Zimbabwe Market Watch | June 2nd 2015: Zimbabwe stock equity market lose US$3 million.

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index retracted previous trading session gains, by losing 0.15 points (0.10 percent) to settle at 153.08 points. Likewise, the market capitalization was recorded at US$ 3.981 billion giving up US$ 3 million. The market activity today recorded a turnover of US$1.052 million exchanging in 20 securities via 49 trade transactions. Foreign investor buys US$962,395 and foreign sells US$943,853 today. Out of the 20 traded securities, Delta…

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Zimbabwe Market Watch | June 1st 2015: Zimbabwe stock equity industrial index start the week on a positive trend, by adding 0.12 points

Zimbabwe Market Watch | June 1st 2015: Zimbabwe stock equity industrial index start the week on a positive trend, by adding 0.12 points

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE)  industrial index start the week on a positive trend, by adding 0.12 points (0.08 percent) to settle at 153.08 points. Likewise, the market capitalization was recorded at US$ 3.981. The market activity today recorded a turnover of US$33,573 changing hands in 5 securities via 7 trade deals. Foreign investor buys US$22,997 and no foreign sells today. Out of the 5 traded securities, the SEED Company Limited…

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Zimbabwe Market Watch | May 29th 2015: Zimbabwe stock equity extends down trend

Zimbabwe Market Watch | May 29th 2015: Zimbabwe stock equity extends down trend

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) the industrial index lost a further 0.01 points (0.01 percent) to settle at 152.96 points. Likewise, the market capitalization was recorded at US$ 3.978 billion (lost mere US$1 million compared to yesterday’s market capitalization). The market activity today recorded a turnover of US$330,871 changing hands in 16 securities via 26 trade deals. Foreign investor buys US$138,969 and foreign sells US$133,006 today. Out of the 16 traded…

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