Helios Towers Africa Considering London Stock Exchange Listing

Helios Towers Africa Considering London Stock Exchange Listing

LAGOS (Capital Markets in Africa) – Africa’s Helios Towers, the independent telecoms tower infrastructure company and its shareholders are exploring strategic options for the business to drive its long-term growth. This may include the possibility of listing on the London Stock Exchange. At this stage, no decision has been made with all options remaining open to the company. Kash Pandya, CEO, commented: “This is an exciting time for Helios Towers as we continue to execute…

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Market Watch: Egyptian Equity Indices End in Mixed Note, Market Cap up EGP3bn

Market Watch: Egyptian Equity Indices End in Mixed Note, Market Cap up EGP3bn

Cairo (Capital Markets in Africa) – The Egyptian Exchange (EGX) ended Monday’s (17th July 2017) trading session on a mixed note, as the benchmark index EGX30 rose 1.02%, gaining 140.55 points, and closed at the level of 13,956.32 points. The equal-weighted index EGX50 rose 0.81% to 2,141.02 points. On the other hand, EGX70 declined by 0.75% to the level of 679.46 points, while the broader index EGX100 slipped 0.09% and closed at 1,569.44 points. The…

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Nigerian Equity Markets: Key Drivers Still Under Siege

Nigerian Equity Markets: Key Drivers Still Under Siege

LAGOS (Capital Markets in Africa) – Analysis of market performance in 2016 indicated that although a combination of poor corporate releases as well as weak macroeconomic fundamentals contributed to the negative return for the year, market volatility remained largely consistent with instability in the currency market. More specifically, while bearish sentiments persisted for most of 2016, equities rallied between May and July 2016 due to reforms in the Oil & Gas sector and adoption of…

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Kenya’s market regulator grants listing approval for first ETF

Kenya’s market regulator grants listing approval for first ETF

NAIROBI (Capital Markets in Africa) – Kenya’s market regulator has allowed the listing of the country’s first-ever Exchange Traded Fund (ETF), which will track the price of gold, the regulator said on Friday. The Nairobi Securities Exchange has been investing in new infrastructure to include trading of new products like ETFs, to diversify from equities and bonds, its chief executive Geoffrey Odundo, told Reuters last November. The Capital Markets Authority (CMA) said in a statement…

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Egyptian Equity closes in the North Pole, EGX30 1.64% up

Egyptian Equity closes in the North Pole, EGX30 1.64% up

CAIRO (Capital Markets in Africa)- The Egyptian Exchange (EGX) ended Thursday’s trading session in a rise, as the benchmark index EGX30 added 1.64% or 203.6 points and closed at the level of 12,651.97 points, after closing five consecutive sessions in red. EGX70 declined by 0.96% to 512 points, and similarly, the broader index EGX100 lost 0.88% to the level of 1,220.19 points. On the other hand, the equal-weighted index EGX50 rose 1.78%, closing at 1,957.58…

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Bargain Hunting Pushes Nigerian Benchmark Index to Close Higher

Bargain Hunting Pushes Nigerian Benchmark Index to Close Higher

LAGOS (Capital Markets in Africa) – Performance in the Nigerian equities market deviated from the 2-day bearish trend, as the All Share Index (ASI) rose 0.4% to close at 25,130.26 points while YTD loss trimmed to -6.5%. Consequently, investors gained N33.9bn as market capitalization improved to N8.7tn. Gains in counters which had previously declined –  NIGERIAN BREWERIES (+4.2%), DANGCEM (+0.6%) and FORTE (+10.2%) – ensured the market closed positive. However, market activity was mixed as volume traded rose 11.7% to settle at…

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Kenyan Bourse Develops Equity Index, Single Stock Futures

Kenyan Bourse Develops Equity Index, Single Stock Futures

NAIROBI (Capital Markets in Africa) – Nairobi Securities Exchange has sought regulatory approval to introduce products in derivatives market, Capital Markets Authority says in e-mailed statement. Regulator proposes to charge fee not exceeding 0.14% per value of equity index futures contract, 0.17% per value of single stock futures contract. Proposed fees will “give investors exposure to price movements in the derivatives instruments rather than the underlying individual constituents”. Charges cover securities exchange, clearing member, trading…

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