The Editorial Team

Egypt Equity Watch | 21st July 2015: Egyptian equity markets indices start week on a high, EGX30 up 26.78 bps, market cap adds EGP 171 mill…

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets Benchmark Index, EGX70, EGX100 and the EGX20 capped index started the week on a high today with most of the Indices recording rises and market capitalisation topping EGP 486,708 Million. The benchmark index EGX30 closed on 8049.69 up 26.78 points to end the day with an increase of 0.33 percent from its previous close of 8022.91 points (with the resultant year-to-date performance of -9.82 percent and equal to 3,534 points in US$ terms). The EGX20 capped index was up 1.44 points, gaining by 0.02 percent to close at 8088.23 up from 8086.79 recorded…

Cote d’Ivoire Equity Watch | 21 July 2015: BRVM Composite index gained 0.34%, BRVM 10 index rose by 0.44%

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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 Tuesday, higher than the previous day. BRVM 10 index rose from 294.75 to 296.05 points, a gain of 0.44%. BRVM Composite index gained 0.34% to 291.29 against 290.30 points previously. The equity market capitalization also added XOF 24.4 billion to close at XOF 7,187.65 billion relative to previous trading sessions’ market capitalization of XOF 7,163.23…

Nigeria Equity Watch | 21 July 2015 : Nigerian Equities Market Gains for the Second Consecutive Trading Session… NSE ASI rises 92bps

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Lagos, Nigeria (Capital Markets in Africa) — The Nigerian equities market sustained uptrend as investors engaged in bargain hunting on the second trading day of the week. The ASI appreciated 92bps to close at 31,334.79 points. Similarly, market capitalization also added N98.2bn to close at N10.7tn. This was on the back of gains recorded in bellwether Consumer Goods, Oil & Gas and Industrial Goods stocks — NIGERIAN BREWERIES (+1.1%), NESTLE (+2.0%), OANDO (+10.2%) and DANGOTE…

Tanzania Equity Watch | 21 July 2015: Tanzania equities stay in red … market cap loses US$64 million and All Share index 0.56% down

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Dar es Salaam, Tanzania (Capital Markets in Africa):- Tanzanian equity markets continued on the southward journey. As a result the Dar es Salaam Stock Exchange (DSEI) declined by 14.60 points or 0.56 percent to close at 2,607.69 points but the Tanzanian domestic Share Index rose by 56.99 points or 1.25 percent to close at 4,620.33 points. The industrial & Allied sector index advanced by 123.97 points or 2.04 percent to settle at 6,191.36 butthe Banks, Finance…

Angolan Economy – An uphill struggle in 2015 says Chief Economist, Tiago Dionisio

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Tiago Dionisio, Chief Economist with Eaglestone Securities Lower oil prices hit 2014 GDP growth and fiscal accounts Angola is Sub-Saharan Africa’s second largest oil producer after Nigeria and its economy remains highly dependent on the oil sector. Official figures show that the oil sector accounted for nearly 37% of the country’s GDP, 98% of its total exports and more than two-thirds of government revenues in 2014. As a result, it is…

CBN to hold rate at 13% say Economists surveyed by Capital Markets in Africa

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Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Monetary Policy Committee (MPC) will be meeting between 23rd and 24th July 2015 to review developments in the global and domestic economic environment since its last meeting held on 18th and 19th May, 2015 resolved to reatian the rates at 135 and harmonised both the private sector and public sector cash reserve requirements (CRR) at 31 per cent, with aim to inject some liquidity back into the banking system….

Morocco Equity Watch | 20th July 2015: Morocco equity markets Indices bounce back, MASI rises 59.47 points and MADEX up 44.20 points…

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Casablanca, Morocco (Capital Markets in Africa):- Morocco equity markets indices bounced back with gains today with the MASI index ending the session up and the MADEX also up following on from its losses rendered in the previous days trading. The Moroccan benchmark stock index (measured as MASI Index) gained 59.47 points increasing by 0.61 percent to close at 9736.46 up from its previous close of 9676.99 recorded yesterday (taking the year-to-date performance to 1.21 percent). Equally, the Moroccan most active share index (MADEX) increased 0.56 percent or 44.20 points to close at 7,979.17 points up…

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