The Editorial Team

Nigeria Market Watch | June 9th 2015: Bearish Momentum for Equities Sustained… NSE ASI sheds 29bps

Lagos, Nigeria (Capital Markets in Africa):- Investors’ sentiment on the Nigerian bourse remained weak today as equities slipped further into the negative territory. The All Share Index (ASI) trended south, closing 29bps weaker at 33,492.17 points, hence bringing cumulative losses in June to 2.4%. This followed extended selloffs recorded in Banking and Oil and Gas stocks — GUARANTY (-1.3%), FBN HOLDING (-1.7%), UBA (-2.4%), FORTE OIL (-0.8%) and OANDO (-1.2%). Similarly, market capitalization shed N33.5bn to…

Kenya Market Watch | June 9th 2015: Kenya equity market end in red, loses KES 2.4 billion, indices fall

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Nairobi, Kenya (Capital Markets in Africa):- Both Kenya equity market indices end bearish runs. The Nairobi Securities Exchange (NSE20) index plummeted by 16.02 points to close at 4,745.42 points and Nairobi All Share Index slide by 0.17 points to settle at 162.36. However, the FTSE NSE 25 and FTSE NSE 15 indices remained flat to close the day at 218.22 and 217.90 points respectively. The market capitalization fell by KES 2.4 billion to close at KES…

Cote d’Ivoire Market Watch | June 9th 2015: BRVM equity market cap adds XOF 108 billion, indices rise

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Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) BRVM closed its trading session this Tuesday, higher than the previous day. BRVM 10 index rose from 274.10 to 277.74 points, a gain of 1.33%. BRVM Composite index gained 1.61% to 274.81 against 270.46 points previously. Likewise, the equity market capitalization gained XOF 107.82 billion to close at XOF 6,781.11 billion compared with previous trading sessions’ market capitalization of XOF 6,673.82…

Mauritius Market Watch | June 8th 2015: Mauritius equity market composite index up by 20bps

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market indices starts in a positive territory today, the SEMDEX index went up by 0.20 percent to reach 1,974.65 points and the Sem-10 rose by 0.22 percent to 374.96 points. The market capitalization was recorded at MUR 219.536 billion (against MUR 219.108 billion recorded on Friday) and overall total volume trade recorded at 5.8 million and turnover amounted to MUR 65.609 million. The market sentiment was…

Nigeria Market Watch | June 8th 2015: Nigerian Equities Pullback into Negative Territory…NSE ASI Shed 22bps

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Lagos, Nigeria (Capital Markets in Africa):- The Nigerian equity market continued exhibiting a sideways trading pattern as the market pulled back from last Friday’s strong close, shedding 22bps today to close at 33,590.48 points. This was against the backdrop of losses suffered by large caps across the Banking, Oil & Gas and Consumer Goods sectors — GUARANTY (-0.8%), ZENITH BANK (-0.9%), OANDO (-3.7%), NESTLE (-0.5%) and GUINNESS (-3.0%). Activity level however surged as aggregate volume and…

Morocco Market Watch | June 8th 2015: Moroccan equity market starts on bearish mood, falls MAD 580 million today

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Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market opened the week on a bearish mood. Morocco’s benchmark stock index (MASI Index) lost 0.13 percent to close at 9,723.73 points (reduced year-to-date performance to 1.08 percent) with total market capitalization at MAD 494.036 (lost by MAD 580 million compared to previous trading sessions market capitalization of MAD 494.616 billion) and market activities measured as total traded value was recorded at MAD 35.449 million (a fall of 53…

Egypt Market Watch | June 8th 2015: Egyptian equity market deepens, market cap loses EGP 2.7 billion

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Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices closed Monday on a negative note, with the market capitalisation losing nearly EGP 2.7 billion to close at EGP 492.478 billion, amid investors’ anticipation of the MSCI 2015 annual market classification review on Tuesday. The benchmark index EGX30 fell by 0.65 percent or 56.54 points to end the day at 8,672.33 points (-2.85 percent year-to-date performance). Equally, the small and mid-cap index EGX70 dropped 1.27 percent or 5.87…

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