Biggest Daily percentage slide as Oil Prices tumble 5 percent after Disappointment in Oil Cuts

Biggest Daily percentage slide as Oil Prices tumble 5 percent after Disappointment in Oil Cuts

LAGOS (Capital Markets in Africa) – Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March. At Thursday’s meeting in Vienna, the Organization of the Petroleum Exporting Countries and some non-OPEC producers agreed to extend supply cuts of 1.8 million barrels per day (bpd) until…

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Morocco Equity Markets | 21 Mar 2016: Moroccan Stocks Climb to 7-Month High, Led by Lafarge

Morocco Equity Markets | 21 Mar 2016: Moroccan Stocks Climb to 7-Month High, Led by Lafarge

Casablanca, Morocco, Capital Markets in Africa —Casablanca Stock Exchange witnessed positive return at the end of Monday’s equity trading session. The Moroccan benchmark stock index (measured as MASI Index) went up 1.21 percent to end at 9,409.94 points (with a year-to-date performance to 5.43 percent) with total market capitalization at MAD 471.621 billion (a fall of MAD 4.84 billion or US$28 million relative to previous market capitalization of MAD 466.778). The market activity measured as total…

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African Stock Market January 2016: Tunisia equity triumph, rewards investors amid of global equity markets panic

African Stock Market January 2016: Tunisia equity triumph, rewards investors amid of global equity markets panic

LAGOS, Nigeria, Capital Markets in Africa — Global equity markets opened 2016 on a panic mood amid of negative outlook on China’s growth prospects and commodity slumps. As a result, African equity market performance measured by country equity benchmark index returns ended in negative for the month, with four gainers and fourteen losers on the local currency basis. Still on local basis return, the January’s average return of -3.0 percent (relatively to  -0.9 percent in…

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African Equity Markets in 2015: BRVM Bourse 2015 Champion, Botswana runner-up, Zimbabwe worst market

African Equity Markets in 2015: BRVM Bourse 2015 Champion, Botswana runner-up, Zimbabwe worst market

Lagos, Nigeria Capital Markets in Africa — African stock market performance measured by country equity benchmark index returns produced a negative returns in 2015, with four positive growths and fourteen negative returns on a local currency basis.  The performance was more disheartening on a US-dollar adjusted performance basis, with just one equity market produced a positive return. These unimpressed performances (compared to 2014) across African equities can be attributed to interlocked negative feedback loops between declining commodity…

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Morocco Equity Markets | 31 Dec 2015: Morocco equity investors lose MAD 31bn and All Share index falls 7.22% in 2015 …

Morocco Equity Markets | 31 Dec 2015: Morocco equity investors lose MAD 31bn and All Share index falls 7.22% in 2015 …

Casablanca, Morocco, Capital Markets in Africa —Casablanca Bourse ended Thursday’s trading session; the last trading session of 2015 in a positive region to cushion the overall loses in 2015. The Moroccan benchmark stock index (measured as MASI Index) advanced by 0.64 percent to close at 8,925.71 points (with a year-to-date performance to -7.22 percent) and the equity market capitalization closed 2015 at MAD 453.316 billion (by gaining of MAD 4.62 billion or US$462 million relative to…

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African Stock Market November 2015 Performance: Kenya’s equity gains 4.5%, EGX 30 Index 15.35% lower, Zambian kwacha returns 17.1%

African Stock Market November 2015 Performance: Kenya’s equity gains 4.5%, EGX 30 Index 15.35% lower, Zambian kwacha returns 17.1%

Lagos, Nigeria Capital Markets in Africa — African stock market performance measured by country equity benchmark index returns ended in negative for the month of November, with five gainers and thirteen losers on the local currency basis. Still on local basis return, the November’s average return of -3.0 percent (relatively to  -0.9 percent in October) was recorded across eighteen African stock indices and November monthly returns range from  -15.3 percent recorded by the Egyptian equity market (measured by Egyptian EGX 30…

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Morocco Equity Markets | 26 Nov 2015: Moroccan equity indices down and investors lose MAD 247 million …

Morocco Equity Markets | 26 Nov 2015: Moroccan equity indices down and investors lose MAD 247 million …

Casablanca, Morocco, Capital Markets in Africa — Casablanca Stock Exchange witnessed negative return at the end of Thursday’s equity trading session. The Moroccan benchmark stock index (measured as MASI Index) went down 0.15 percent to end at 9,108.93 points (with a year-to-date performance to -5.31 percent) with total market capitalization at MAD 458.810 billion (a fall of MAD 247 million or US$28 million relative to previous market capitalization of MAD 459.057). The market activity measured as…

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