The Editorial Team

Tanzania Equity Watch | 2 July 2015: Tanzania equity market end three days in the red, adds TSZ 57 billion

Dar es Salaam, Tanzania (Capital Markets in Africa):- Tanzanian stock markets returned to positive after three days in the red. The market capitalization added TZS 57.40 billion to end at TZS 23,406 billion relative to TZS 23,349 recorded at yesterday’s trading session. The Dar es Salaam Stock Exchange (DSEI) gained 6.60 points or 0.25 percent to close at 2,673.99 points. However, the Tanzanian domestic Share Index dropped 12.74 points or 0.27 percent to close at…

Cote d’Ivoire Equity Watch | 2 July 2015: BRVM Equity markets close on mixed note, market cap XOF 8 billion up, BRVM Composite up but BRVM10 fall

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Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed the trading session this Thursday on mixed mood, lower than the previous day for BRVM 10 and higher for BRVM Composite. BRVM 10 index decreased from 278.27 to 277.50 points, a drop of 0.28%. BRVM Composite index gained 0.12% to 278.59 against 278.26 points previously. The equity market capitalization also added XOF 8.03 billion to close at XOF 6,874.27…

Kenya: Gulf Petrochem Group acquire Essar Petroleum East Africa

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NAIROBI, Kenya (Capital Markets in Africa) — Gulf Petrochem Group today announced the official acquisition and name change of Essar Petroleum East Africa Ltd to ASPAM Energy (Kenya) Ltd. The deal will enhance the group’s integrated services and products for the downstream supply chain in the oil and gas sector in East Africa. Gulf Petrochem Group secured the due approvals from the Energy Regulatory Commission (ERC), the Competition Commission and other regulatory bodies. ASPAM Energy (Kenya) will…

Tanzania Equity Watch | 1 July 2015: Tanzania equity market continues on the bearish mood, drops TSZ 517 billion

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Dar es Salaam, Tanzania (Capital Markets in Africa):- Tanzanian stock markets continued on bearish path for third day. The market capitalization further lost TZS 516.6 billion to end at TZS 23,349 billion relative to TZS 23,865 recorded at yesterday’s trading session. The Dar es Salaam Stock Exchange (DSEI) fell by 59.88 points or 2.18 percent to close at 2,667.39 points. However, the Tanzanian domestic Share Index slightly rose by 5.54 points or 0.12 percent to…

Kenya Equity Watch | 1 July 2015: Kenya equity market reverts to red, market cap KES 17 billion down

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Nairobi, Kenya (Capital Markets in Africa):- Kenya equity markets reverted yesterday’s gains to begin July on a bearish note. The market capitalization closed at to close at KES 2,285.09 billion, by dropping KES 16.8 billion or 0.73 percent relative to market capitalization of KES 2,301.88 billion recorded at previous trading session. The Nairobi Securities Exchange (NSE20) index dropped by 47.65 points or 0.97 percent to close at 4,858.42 points and Nairobi All Share Index tumbled by…

Mauritius Equity Watch | 1 July 2015: Mauritius equity market start July on bearish mood, down US$25 million

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity markets started the month on bearish note, reversing yesterday gains. The Mauritius All Share Index (SEMDEX index) somersaulted by 0.40 percent or 7.89 points to close 1,973.01 points and the SEM10 index plunged by 0.89 percent or 3.38 points to end at 375.06 points. The market capitalization was recorded at MUR 219.354 billion, by falling MUR 877 million (as against MUR 220.231 recorded at yesterday’s trading session) and overall…

Nigeria Equity Watch | 1 July 2015: Nigerian Market Fizzles on H2 Portfolio Readjustment…NSE ASI down 177bps

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Lagos, Nigeria (Capital Markets in Africa) — The Nigerian bourse reverted a 2-day gain as the benchmark index tumbled 1.8% to berth at 32,863.43 points today. Intraday market movement indicated that the NSE ASI slumped from 33300pts at mid-day to 32800pt before adjusting upwards at close of trade. We link the sharp decline of the index to sell down in DANGOTE CEMENT (-4.4%), STANBIC (-4.0%) and NIGERIAN BREWERIES (-1.0%) in today’s trading. As a result,…

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