The Editorial Team

Kenya Equity Watch | 20 July 2015: Kenya stocks end in mixed mood …. market cap adds KES 50 million and NSE20 index 0.23 percent down

Nairobi, Kenya (Capital Markets in Africa):- Equity trading on the Nairobi Stock Exchange started in a mixed mood today. The market capitalization was recorded at KES 2,189.12 billion after adding KES 50.35 million relative to market capitalization of KES 2,189.07 billion recorded at previous trading session. However, the Nairobi Securities Exchange (NSE20) index plunged by 10.54 points or 0.23 percent to close at 4,627.90 points but the Nairobi All Share Index added 0.36 points or 0.23 percent to…

Cote d’Ivoire Equity Watch | 20 July 2015: Market capitalization declined by XOF 10 billion …

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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, lower than the previous day. BRVM 10 index decreased from 295.99 to 294.75 points, a drop of 0.42 percent. BRVM Composite index lost 0.14 percent to 290.30 against 290.70 points previously. The equity market capitalization declined by XOF 9.8 billion to close at XOF 7,163.23 billion relative to previous trading sessions’ market capitalization of…

Tanzania Equity Watch | 20 July 2015: Tanzania equities starts bearish … market cap loses TZS 650 million

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Dar es Salaam, Tanzania (Capital Markets in Africa):- Tanzanian equity markets began the week on bearish note. As a result the Dar es Salaam Stock Exchange (DSEI) marginally declined by 0.07 points or 0.003 percent to close at 2,622.29 points and the Tanzanian domestic Share Index slightly fell by 0.31 points or 0.01 percent to close at 4,563.34 points. Likewise, the Commercial Services sector index plunged by 41.86 points or 1.05 percent to settle at 3,953.28…

Mauritius Equity Watch | 20 July 2015: Equity markets start on bullish … SEMDEX 27bps and market cap adds MUR 592 million

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity markets started the week on a positive momentum. The Mauritius All Share Index (SEMDEX index) added 0.27 percent or 0.52 points to close at 1,955.84 points and the SEM10 index closed at 373.27 points after increasing by 1.95 points or 0.52 percent. In the same note, the market capitalization rose by MUR 592 million to close at MUR 217.445 billion (relative to yesterday’s market capitalization of MUR 216.853)….

Zimbabwe Market Watch | 20th July 2015: Zimbabwe equities open the week in red …. ZSE industrial index down -0.02 points, mining still on a flat line…

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Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) Industrial Index closed trading in the red zone today. The industrial index fell by -0.01% or -0.02 points to end at 143.47 down from 143.56 points recorded at close last week (-11.86% year-to-date and -22.83% year-on-year basis). The mining index however, remained flat with no movement (0.00%) to close at 40.09 points the same as it its close last week (taking year-to-date to -44.09% and year-on-year return to -30.67% respectively). The market capitalization ended at US$ 3.765 billion while the…

United Capital Plc Half-Year Report Gross Earnings Grows by 22%

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Lagos, Nigeria (Capital Markets in Africa) — United Capital Plc, one of Nigeria’s leading investment banking and financial services firms, announces unaudited earnings growth of 22% for the half year ending 30thJune 2015 from N 2.26 billion in 2014 to N 2.75 billion in 2015. Profit Before Tax grew by 20% from N 1.50 billion in H1 2014 to N 1.79 billion in H1 2015. Profit After Tax also improved by 13% from N 1.2…

What expert says: Nigerian naira overvalued or undervalued?

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Johannesburg, South Africa (Capital Markets in Africa) — The interbank rate was seemingly unmoved at USD/NGN197 in 2Q15, masking the intense backlog of US dollar demand. It is difficult to discern whether domestic liquidity conditions have improved since the election. The MPC’s rhetoric regarding the imbalance in the domestic foreign exchange market continues to favour exchange controls to restrict excess US dollar demand. Partial dollarisation and bouts of speculative activity are believed to have aggravated…

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