The Editorial Team

Kenya Market Watch | June 15th 2015: Kenya equity market ends in red, indices fall

Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE20) index plummeted by 5.44 points to close at 4,759.58 points and Nairobi All Share Index slide by 0.14 points to settle at 162.75. However, the FTSE NSE 25 and FTSE NSE 15 indices surged by 0.21 points and 0.21 points to close the day at 217.71 and 217.39 points respectively. The market capitalization fell by 0.09 percent to close at KES 2,276.46 billion. Looking…

Zimbabwe Market Watch | June 15th 2015: Zimbabwe industrial index starts on high note, add 0.53% and US$21 million

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The Zimbabwe Stock Exchange (ZSE) industrial index commenced the week on a high note after adding 0.81 points or 0.53 percent to close at 153.01 points. Equally, the market capitalization was recorded at US$3.990 billion, by adding US$21 million against previous trading session market capitalization of US$3.969 The market activity today recorded a turnover of US$1.972 million exchanged in 15 traded securities via 47 trade transactions. Foreign investor buys US$ 293,081 and foreign sells US$ 626,766…

Egypt Market Watch | June 14th 2015: Egyptian equity markets slide by EGP 3.2 billion

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Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices tumbled at beginning of the week, with the market capitalisation went down by almost EGP 3.2 billion to close at EGP 486.213 billion (against EGP 489.388 billion recorded yesterday) on thin liquidity which is below EGP 250 million and lack of institutional investors. The benchmark index EGX30 tumbled by 1.07 percent or 92.33 points to end the day at 8,534.13 points (-4.40 percent year-to-date performance). Equally,…

Emaar Misr says 15% of IPO available for individuals, 85% for institutions

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Cairo, Egypt (Capital Markets in Africa):- Emaar Misr for Development, the Egypt-based subsidiary of UAE’s Emaar Properties, said Sunday around 90 million of its shares, representing 15% of its planned initial public offering will be offered for individuals, while nearly 51 million shares, or 85% of total floated shares, will be available for institutions. Subscription application for the individual tranche will have a minimum of 100 shares and maximum of 10 million shares. 25% of…

Fitch Ratings Assigns Egypt ‘B’ rating for the new US$1.5bn 2025 Bond

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Cairo, Egypt (Capital Markets in Africa):- Fitch Ratings has assigned Egypt’s US$1.5bn global bond maturing 11 June 2025 a ‘B’ rating. The bonds have a coupon rate of 5.875%. The proceeds will be used for the general budgetary purposes of the government. According to Fitch, the rating is in line with Egypt’s Long-term foreign currency Issuer Default Rating (IDR) of ‘B’ with a Stable Outlook and would be sensitive to changes in Egypt’s Long-term foreign…

Central Bank of Egypt sells $37.8m in FX auction and autions EGP7bn in T-bills

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Cairo, Egypt (Capital Markets in Africa):- The Central Bank of Egypt said it sold $37.8 million to banks in a foreign currency auction held Sunday. The bank had offered $40 million. Cut-off price amounted to EGP 7.53 per dollar, the central bank added. The dollar exchange rate steadied at 7.53 against the Egyptian pound for the first time on 4 February. Futhermore, the Central Bank of Egypt said it will hold a public auction Sunday…

Nigeria Market Watch | June 12th 2015: Nigerian Equities sustained its previous day’s gain, adding 19bps

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Lagos, Nigeria (Capital Markets in Africa) — The Nigerian equities market sustained its previous day’s gain, adding 19bps to close at 33,621.75points. In like manner, market capitalization added N22.3bn to berth at N11.5tn. Improvement in market performance was broadly driven by bargain hunting in GUINNESS (+5.8%) and ETI (+1.3%). Market activities were however mixed as a total of 243.3m (+57.9%) units of shares worth N3.9bn (-6.3%) were traded. Sector indices were all positive. The Banking…

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