The Editorial Team |

Positive outlook for African Equity Capital Markets in 2015

JOHANNESBURG, South-Africa, February 2, 2015/ — 2014 saw the highest level of activity in African equity capital markets (ECM) over the previous five years, and a significant increase in both transaction volume and capital raised during 2014 compared to the prior year, according to a report issued by PwC today (http://www.pwc.com). PwC’s inaugural publication entitled, IPO Watch Africa 2014, has found that US$11bn was raised in 2014 in the African equity markets across the continent,…

Drop in oil prices to support global growth

Posted on by The Editorial Team

The World Bank anticipated that the decline in global oil prices would have significant macroeconomic, financial and policy implications on the global economy. First, the Bank pointed out that sustained lower global oil prices would contribute to global growth, would temporarily reduce the global inflation rate in 2015 and would generate substantial real income shifts to oil importers from oil-exporters. But it noted that the recovery in global growth would be slow. It said that…

Afrinvest Nigeria’s Daily Stock Market Report: 29 January 2015

Posted on by The Editorial Team

NSEASI loses 89bps After two consecutive days of marginal gains, the NSE ASI retreated today losing 89bps to close at 29,642.38 points. As always, market capitalisation followed the same pattern and lost N88.4bn to close at N9.9tn. On the other hand, market activities advanced today and gained 113.4% to close 517.1m units for volume and 30.5% to close at N4.8bn for value. Industrial Sector Emerges Lone Gainer Majority of the sector indices went south as…

FBN Securities Nigerian Market Wrap: 29 January 2015

Posted on by The Editorial Team

The bears had the upper hand in the market today with increased foreign selling amid growing political and economic uncertainties. Financials were the worst hit as offers outstripped demand 3:1 in most names. Zenith(-4.99%) and Diamond(-4.81%) took a beating and both closed on net offer, the former having over 2mln shares at the day’s low. Diamond closed at N3.76, 35% off its 2014 rights price of N5.80. Guaranty dipped -4.31% intraday but subsequent value buying…

Why less leverage can mean more trading profits

Posted on by The Editorial Team

TRADING financial markets is exciting for most people, particularly since most brokers offer high leverage and, with this leverage, even a small trader can generate a substantial gain. Yet this leverage can sometimes work to your disadvantage, leading to big losses very quickly. This is because markets are often random in the very short term. Sterling-dollar, for example, can rise or fall a great deal in just a week. The current average weekly change for…

How Fibonacci can help improve your forex trading

Posted on by The Editorial Team

FIBONACCI is one of the most famous names in mathematics, and his eponymous sequence of numbers can be observed in almost all areas of nature. But these same numbers can also be applied to FX trading, using the technical Fibonacci retracement tool. The tool’s major benefit is in identifying where potential entries and exits may arise. This is only logical as Fibonacci is a leading indicator. Leading indicators, unlike lagging indicators, can predict the inflection…

FBN Securities Nigerian Market Wrap: 28 January 2015

Posted on by The Editorial Team

Trading in the local bourse continued on a mixed note today as flashes of optimistic bargain hunting was checked by the broader macro concerns. The market was muted in the first half as buying interest was low while offers piled around previous close in most names, turnover at mid-session was a about 1bln, 47% of that was from block trades of 1.7mln Dangcem ($1.37m) and 1.3mln 7up shares ($1m) local seller and offshore buyer. Subsequent…

« 1 … 136 137 138 139 140 141 »