The Editorial Team

Nigeria Market Watch | June 11th 2015: Nigerian Equities Rebound from 3-Day Losing Streak… NSE ASI gains 28bps

Lagos, Nigeria (Capital Markets in Africa):- Nigerian equities rebounded from a three-day losing streak as the All Share Index (ASI) closed 28bps up at 33,556.35 points while Market Capitalization added N32.1bn to berth at N11.5tr. Sustained positive investors sentiment for Consumer Goods stocks — NIGERIAN BREWERIES (+1.5%), NESTLE (+0.2%) and PZ (+8.7%) as well as bargain hunting in Banking large caps — ZENITH (+3.5%) and GUARANTY (+0.4%) majorly accounted for the positive close of the benchmark…

Cote d’Ivoire Market Watch | June 11th 2015: BRVM equities close green, market cap up by XOF 34 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 Thursday, higher than the previous day. BRVM 10 index rose from 274.48 to 274.84 points, a gain of 0.13%. BRVM Composite index gained 0.50% to 275.02 against 273.65 points previously. At the same time, the equity market capitalization added XOF 33.71 billion to close at XOF 6,786.18 billion compared with previous trading sessions’ market capitalization…

Nigeria Market Watch | June 10th 2015: Investors’ Appetite Stays Soft…NSE ASI slips 0.1%

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Lagos, Nigeria (Capital Markets in Africa):- The Nigerian bourse slips 0.1%, trending southwards for the third consecutive session as bearish sentiment colored Banking and Industrial Goods bellwethers. However, market activity improved significantly as volume traded jumped 160.0% even as value traded rose 50.1% to 588.2m and N4.1bn respectively. The Banking index declined the most, down 1.6% majorly due to losses in ZENITH (-3.3%), GUARANTY (-1.6%) and STANBIC (-3.6%). Similarly, the Industrial index shed 0.2% on 0.4%…

FDI value jumps despite falling number of investment projects in Africa

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Johannesburg, South-Africa (Capital Markets in Africa) — According to EY’s 2015 Africa attractiveness survey – Making choices, Africa’s share of foreign direct investment (FDI) projects fell 8.4% in 2014, but remained well above pre-2008 levels. However, foreign direct capital investment into the continent surged to US$128b, up 136% in 2014 – a five-year high, with the number of jobs created from FDI jumping 68% resulting in 188,400 new positions across Africa. The report combines an analysis…

Barclays eyes Kenyan asset management after insurance deal

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Nairobi, Kenya (Capital Markets in Africa) – Barclays Africa Group plans to move into the asset management business in Kenya this year after reaching a deal on Wednesday to buy a majority stake in insurer Kenya First Assurance Ltd for 2.8 billion shillings ($28.84 million). Barclays’ deal to buy a 63.3 percent in the Kenyan insurance company is part of a plan to boost revenue from its African operations outside of South Africa. Barclays Africa…

IDB Raises Sukuk Issuance Programme Ceiling from US$10 Billion to US$25 Billion

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MAPUTO, Mozambique (Capital Markets in Africa) — The Board of Executive Directors (BOED) of the Islamic Development Bank at its 305th session which began on Sunday, 7/6/2015, in Maputo, capital of the Republic of Mozambique, under the chairmanship of H.E. Dr Ahmad Mohamed Ali, chairman of the Islamic Development Bank Group, approved the raising of the current limit of the Bank’s medium term sukuk issuance programme from US$10 billion to US$ 25 billion. On this…

Tanzania Market Watch | June 9th 2015: Tanzania equity market fall by TSZ 57 billion today…

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Dar es Salaam, Tanzania (Capital Markets in Africa):- The Dar es Salaam Stock Exchange (DSEI) fell by 6.25 point or 0.23 percent to close at 2,791.75 point and market capitalization recorded at TZS 24,448.39 billion (a reduction of about TSZ 56.76 billion against previous trade session market cap). Likewise, the Tanzania Share Index advanced by 4.15 points to close at 4,712.69 points. Today, DSE recorded a total turnover of TZS 1,085.54 million from 2,245,368 shares…

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