The Editorial Team

Nigeria Bourse Seeks to Start Trading Naira Currency Futures

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Stock Exchange plans to start trading naira futures that will help investors hedge against movements in the local currency, Chief Executive Officer Oscar Onyema said. “It would be awesome if we had a naira-dollar contract that we could trade on the exchange,” he said in an interview in London on Monday. “Futures and options are asset classes that we think would be very beneficial to foreign…

Tanzania Market Watch | June 22nd 2015: Tanzania equity market falls TSZ 26 billion and indices down

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Dar es Salaam, Tanzania (Capital Markets in Africa):- The Dar es Salaam Stock Exchange (DSEI) fell by 3.0 points or 0.11 percent to close at 2,847 points and market capitalization recorded at TZS 24,911 billion (a decrease of about TSZ 26.19 billion against previous trade session market cap of TSZ 24,937.99 billion). Also, the domestic Share Index plunged by 15.29 points or 0.32 percent to close at 4,793.41 points. From the market activity angle, a…

Kenya Market Watch | June 22nd 2015: Kenya equity market starts on a bullish sentiment, market cap KES 13.2 billion gains

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Nairobi, Kenya (Capital Markets in Africa):- Kenya equity markets started the week on a bullish sentiment today. The Nairobi Securities Exchange (NSE20) index edged up by 1.86 points or 0.04 percent to close at 4,780.48 points and Nairobi All Share Index rose by 0.52 points or 0.52 percent to settle at 163.34. However, the FTSE NSE 25 and FTSE NSE 15 indices dropped by 0.16 points or 0.07 percent to close at 215.37 and 0.24 points or…

Cote d’Ivoire Market Watch | June 22nd 2015: BRVM Equity markets begin higher today, market cap XOF 37 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, higher than the previous day. BRVM 10 index rose from 270.71 to 272.20 points, a gain of 0.55 percent. BRVM Composite index gained 0.55 percent to 274.12 against 272.62 points previously. In the same way, the equity market capitalization edged by XOF 37.02 billion to close at XOF 6,764.09 billion compared with previous trading…

Nigeria Market Watch | June 22nd 2015: Bellwethers Raise Benchmark Index…NSE ASI up 38bps

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Lagos, Nigeria (Capital Markets in Africa) —The Nigerian All Share Index inched up 0.4% to 33,384.59 points. Market capitalization also rose N43.2bn to berth at N11.4tr at the close of market. Today’s performance was majorly driven by price appreciation in key counters such as NIGERIAN BREWERIES (+1.7%), DANGOTE CEMENT (+0.3%) and UBN (+2.7%). However, market activity softened as volume and value eased 28.8% and 21.0% to close at 278.1m units and N3.8bn respectively. Sell offs…

South Africa Market Watch | June 22nd 2015: South African stocks edge higher on Greece hopes

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Johannesburg, South Africa (Capital Markets in Africa) – Financial shares were the big winners on Monday on the Johannesburg Stock Exchange (JSE) as the local market was lifted by a wave of optimism that Greece and its international creditors would strike a last-minute deal that will see the Greek government avert default. The Financial index has been under pressure lately despite being oversold. This is because any fallout over the Greek crisis will hit this…

Egypt Market Watch | June 21st 2015: Egyptian stock exchange lose EGP 1.6 billion on sell-offs

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Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets end today trading sessions in the red region, as a result the market capitalisation lost around EGP 1.6 billion to close at EGP 488.511 billion (against EGP 490.129 billion recorded previous trading session), as a result of Egyptian investors and Arab investors sell pressure. The benchmark index EGX30 plunged by 0.48 percent or 41.52 points to end the day at 8,535.19 points (-4.38 percent year-to-date performance). Similarly, the small…

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