The Editorial Team

Commodity Prices Expected to Remain Weak in 2015 – World bank Forecast

WASHINGTON, USA (Capital Markets in Africa) –The World Bank is nudging up its 2015 forecast for crude oil prices from $53 in April to $57 per barrel after oil prices rose 17 percent in the Apr-Jun quarter, according to the Bank’s latest Commodity Markets Outlook, a quarterly update on the state of the international commodity markets. The Bank reports that energy prices rose 12 percent in the quarter, with the surge in oil offset by declines…

Nigeria Equity Watch | 22 July 2015 : Nigerian Equities Retreat Gains … NSE ASI lost 22bps

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Lagos, Nigeria (Capital Markets in Africa) — The Nigerian equities market retreated from 2 days of consecutive gains, as the All Share Index (ASI) shed 22bps to close at 31,267.25 points, driving YTD losses to 9.8%. Market Capitalization also declined N22.2bn to N10.6tn. The negative close of the market today is against the backdrop of extended sell-offs in Banking counters — ETI (-5.0%), UNITY BANK (-5.0%), FBN HOLDINGS (-3.6%), GUARANTY (-0.9%) and FCMB (6.3%). Market activity also softened (due to high base effect of yesterday) as volume…

Tanzania Equity Watch | 22 July 2015: The bearish mood continued on the Dar es Salaam Stock Exchange … market cap US$180 down

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Dar es Salaam, Tanzania (Capital Markets in Africa):- The bearish mood continued on the Dar es Salaam Stock Exchange, Tanzania. The Dar es Salaam Stock Exchange (DSEI) further plunged by 42.58 points or 1.63 percent to close at 2,565.11 points and the Tanzanian domestic Share Index plummeted by 67.83 points or 1.47 percent to close at 4,552.50 points. The industrial & Allied sector index tumbled by 125.56 points or 2.03 percent to settle at 6,065.80 and…

Kenya Equity Watch | 22 July 2015: Equity trading on the Nairobi Stock Exchange continued on the bearish moods at end of today’s trading session

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Nairobi, Kenya (Capital Markets in Africa):- Equity trading on the Nairobi Stock Exchange continued on the bearish moods at end of today’s trading session. The market capitalization was recorded at KES 2,180.95 billion after reducing by KES 8.14 million relative to market capitalization of KES 2,189.08 billion recorded at previous trading session. However, the Nairobi Securities Exchange (NSE20) index tumbled by 26.62 points or 0.58 percent to close at 4,578.82 points and the Nairobi All Share Index reduced…

Cote d’Ivoire Equity Watch | 22 July 2015: BRVM stock investors lost XOF 18 billion … index falls

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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 Wednesday, lower than the previous day. BRVM 10 index decreased from 296.05 to 294.86 points, a drop of 0.40 percent. BRVM Composite index lost 0.25 percent to 290.55 against 291.29 points previously. The equity market capitalization also lost XOF 18.2 billion to close at XOF 7,169.48 billion relative to previous trading sessions’ market capitalization of XOF…

Zimbabwe Market Watch | 21st July 2015: Zimbabwe equities climb into green…. ZSE industrial index up 0.77 points

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Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) Industrial Index closed trading in the green zone today. The industrial index climbed up by 0.16% or 0.22 points to end at 143.70 up from 143.47 points recorded at yesterday’s close (-11.72% year-to-date and -22.71% year-on-year basis). The mining index was also up 0.77 points (+1.94%) to close at 40.87 points (taking year-to-date to -44.09% and year-on-year return to -30.67% respectively). The market capitalization ended at US$ 3.773 billion up 80 million from US$ 3.765 billion while the market activity was higher today…

Kenya Equity Watch | 21 July 2015: Nairobi All Share Index slightly sagged by 0.01 percent … market cap KES 39 Mil down

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Nairobi, Kenya (Capital Markets in Africa) — The Nairobi Stock Exchange ended in the south at end of today’s trading session. The Nairobi Securities Exchange (NSE20) index tumbled by 22.65 points or 0.59 percent to close at 4,605.25 points and the Nairobi All Share Index slightly sagged by 0.01 points or 0.01 percent to settle at 156.31 points. On the same note, the FTSE NSE 15 index and FTSE NSE 25 index tumbled by 0.49 percent…

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