African Market Watch: Friday, 6th March 2015

African Market Watch: Friday, 6th March 2015

Kenya: The NSE 20 Index dropped 37.83pts to close at 5,373.22pts. The NASI Index gained 0.23pts to close at 172.51pts with total market capitalization at KES 2,408mn. Market activities measured by volume and value traded were recorded at 36,466,000 shares and KES 1,062.271mn.  The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 1.7x with 25 advancers and 15 decliners. On the one hand, topping the price gainers list were Crown…

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African Market Watch: Thursday, 5th March 2015

African Market Watch: Thursday, 5th March 2015

Egypt: The Egyptian Stock Exchange (EGX) indices advanced collectively today as the benchmark index EGX30 added 1.21% or 115pts to close at 9575.98 points. However, the market capitalization has lost around EGP 1.1 billion ($143 million). Today, EGX indices rebounded on the return of the purchasing power, particularly the blue chip stocks, where the benchmark surpassed level of 9500 points. The EGX70, which measures small and mid-cap stocks, went up 0.90% to 566.52pts and the…

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African Market Watch: Wed, 4th March 2015

African Market Watch: Wed, 4th March 2015

Egypt: The Egyptian Stock Exchange (EGX) indices retreated collectively on Wednesday, while the market capitalization added EGP 727mn amid buy spree by Local institutions and Arab retail investors. The benchmark index EGX30 inched down by 0.15% or 14.2pts to end at 9461.06 points. Likewise, the EGX70, which measures small and mid-cap stocks, went down 0.16% to 561.49pts and the broader index EGX100 lost 0.19% at 1122.37pts. Today’s turnover amounted to EGP 531mn, while traded volume reached…

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African Market Watch: Tuesday, 3rd March 2015

African Market Watch: Tuesday, 3rd March 2015

Egypt: Indices of the Egyptian Exchange (EGX) closed on mixed performance today, as the market capitalization added EGP174.5mn backed by the buying spree of Local institutions for second day in row. The benchmark index EGX30 inched up by 0.20% or 19pts to end at 9475.27pts. The EGX70, which measures small and mid-cap stocks, went down 0.49% to 562.41pts and the broader index EGX100 lost 0.18% at 1124.5pts. Today’s turnover amounted to EGP551.6mn, while traded volume…

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African Market Watch: Monday, 2nd March 2015

African Market Watch: Monday, 2nd March 2015

Egypt: The Egyptian Exchange (EGX) indices rallied on Monday, gaining nearly EGP 5.8bn, amid a buying spree among local institutions. The benchmark index EGX30 rose 1.86% – its biggest one day gain in a month and a half – to close at 9456.33 points. Monday’s turnover amounted to EGP 492.2 mn, while traded volume reached 106mn shares. The small and mid-cap index EGX70 also gained 1.34% to 565.16pts, while the broader index EGX100 shut 1.30%…

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Tanzania says Q3 2014 GDP growth slows, hurt by agriculture

DAR ES SALAAM (Reuters) – Tanzania’s economy grew 6.8 percent in the third quarter of 2014 compared with 7.4 percent in the same period a year ago due to a slowdown in agriculture, construction and transport sectors, data showed on Thursday. The government sees Tanzania’s economy growing by 7.4 percent this year from an estimated 7.2 percent in 2014 due to expected strong performance of agriculture, construction and manufacturing sectors. Growth in agriculture, the biggest…

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African Market Watch: Friday, 27th February 2015

African Market Watch: Friday, 27th February 2015

Egypt: The Egyptian market was closed today. Ghana: Trading activity remained high with impressive volume and turnover being recorded at today. At the close of trading fourteen equities had their shares being traded in with total volume of 87,531 shares with market capitalization valued at GHC63.6bn. Likewise, the indices returned to positive, the benchmark Composite Index went up 15.4pts to close at 2,177.95pts; this brings its year-to-date change to -3.67%. Similarly, the Financial Index also rose…

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