The Editorial Team

Kenya Equity Watch | 11 Aug 2015: Positive momentum ride on, market cap US$163 million up

Nairobi, Kenya (Capital Markets in Africa) — Positive momentum ride on at the Kenya equities market and the market capitalization added 0.77 percent or KES 16.50 billion (almost US$163 million) to end at KES 2,168 billion relative to market capitalization of KES 2,153 billion recorded at previous trading session. The Nairobi Securities Exchange (NSE20) index climbed by 36.05 points or 0.80 percent to close at 4,519.63 points and the Nairobi All Share Index advanced by…

Mauritius Equity Watch | 11 Aug 2015 : Negative trends continued on the Stock Exchange of Mauritius, market cap US$20 million down

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Port Louis, Mauritius (Capital Markets in Africa) — Negative trends continued on the Stock Exchange of Mauritius and the market capitalization lost MUR 1.24 billion (US$20 million) to close at MUR 218.408 billion relative to previous market capitalization of MUR 219.648 billion. The Mauritius All Share Index (SEMDEX index) plunged by 0.11 percent or 2.16 points to close at 1,964.27 points and the SEM10 index closed at 375.77 points after losing 1.79 points or 0.48 percent. Today’s…

Zambia maintains rate, tight liquidity to contain inflation

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Lusaka, Zambia (Capital Markets in Africa) — The Bank of Zambia (BoZ) opted to leave the benchmark interest rate unchanged at 12.5% this week. The BoZ has aggressively tightened policy this year by hiking the cash reserve requirement ratio for banks from 14% to 18%. However, it has not lifted the benchmark interest rate since November 2014. During 2014 the interest rate was hiked aggressively by 275 basis points. The BoZ noted that the kwacha…

Kenya Equity Watch | 10 Aug 2015: Nairobi Securities Exchange opened the week in the green zone and all indices ended in the North Pole

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Nairobi, Kenya (Capital Markets in Africa) — The Nairobi Securities Exchange opened the week in the green zone and all indices ended in the North Pole. The market capitalization surged by 2.19 percent or KES 46.2 billion (almost US$457 million) to end at KES 2,153 billion relative to market capitalization of KES 2,107 billion recorded at previous trading session. The Nairobi Securities Exchange (NSE20) index jumped by 68.49 points or 1.55 percent to close at…

Cote d’Ivoire Equity Watch | 10 Aug 2015: BRVM Bourse close higher, all sectors in green …

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Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Monday, higher than the previous day. BRVM 10 index rose from 306.80 to 310.58 points, a gain of 1.23 percent. BRVM Composite index gained 1.07 percent to 302.49 against 299.30 points previously. The equity market capitalization surged by XOF 79 billion to close at XOF 7,464 billion relative to previous trading sessions’ market capitalization of…

Tanzania Equity Watch | 10 Aug 2015: Bullish momentum opens the Dar es Salaam Stock Exchange today … Investors add US$159

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Dar es Salaam, Tanzania (Capital Markets in Africa):- The Dar es Salaam Stock Exchange index (DSEI) continued on the positive path by adding 38.28 points or 1.50 percent to close at 2,596.40 points and the Tanzanian domestic Share Index advanced by 25.07 points or 0.55 percent to close at 4,571.83 points. The Banks, Finance & Investment sector index fell by 934.57 point or 23.97 percent to end at 2,963.80 points but Industrial & Allied sector…

Nigeria Equity Watch | 10 Aug 2015 : Dangote Cement sustains positive momentum…NSE All share index marginally up by 1bp

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Lagos, Nigeria (Capital Markets in Africa) — The Nigerian equities market opened for the week on a positive note extending its positive performance from the previous week. The Benchmark index – All Share Index- appreciated 1bp to close at 31, 446.42 points as price appreciation in DANGCEM (+2.2%), GUARANTY (+0.6%) and MOBIL (+3.1%) propelled the bourse. Investors’ value increased by N1.6bn hence market capitalization settled at N10.8tn. However, market activities waned considerably as volume and…

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