The Editorial Team

Kenya Market Watch | June 4th 2015: Kenya equity market end in red, loses KES 130 million, indices fall

Nairobi, Kenya (Capital Markets in Africa):- Kenya equity market continued the bearish runs. The Nairobi Securities Exchange (NSE20) index plummeted by 16.17 points to close at 4,773.70 points and Nairobi All Share Index slid by 0.01 points to settle at 164.22. The FTSE NSE 25 and FTSE NSE 15 indices, however, remained flat to close the day at 218.46 and 218.09 points respectively. The market capitalization fell by KES 130 million to close at KES 2,297.13. Looking…

Cote d’Ivoire Market Watch | June 4th 2015: BRVM equity extends uptrend, market cap adds XOF 20 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 275.83 to 276.34 points, a gain of 0.18%. BRVM Composite index gained 0.30% to 271.13 against 270.31 points previously. Likewise, the equity market capitalization added XOF 20 billion to close at XOF 6,690.28 billion compared with yesterday’s market capitalization of XOF 6,670.14 billion. In…

Standard Chartered will invest Millions to boost retail business says Group Head of Retail

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Nairobi (Capital Markets in Africa): – Standard Chartered will spend “hundreds of millions of dollars” in the years ahead to raise the share of income from its retail business 10 percentage points by 2020, its group head of retail clients said. Karen Fawcett said the lender, which focuses on Asia, Africa and the Middle East, would invest the money in areas such as technology to raise the share of retail business income from 30 percent now….

Africa Witnesses the Largest International Islamic Economic Gathering Next Week

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MAPUTO, Mozambique (Capital Markets in Africa) — Dr Ahmad Mohamed Ali, President of the Islamic Development Bank Group, has stated that preparations are in full swing at the IDB Group for its annual meeting, which is scheduled to take place this year, Allah willing, in Maputo, Republic of Mozambique at the kind invitation of the Government of Mozambique. This is the first time the meeting of the IDB Board of Governors is taking place in the…

Nigeria Market Watch | June 3rd 2015: Nigerian Equities Market In Search of Direction… All Share Index down 54bps

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Lagos, Nigeria (Capital Markets in Africa):- The gain recorded on the Nigerian bourse yesterday was not sustained during today’s trade as the All Share Index (ASI) declined 54bps to close at 33,879.21pts. Hence, investors lost the sum N62.1bn as market capitalisation settled at N11.5tn. Today’s decline was majorly driven by declines in the Oil & Gas and Banking baskets — FORTE OIL (-5.0%) and GUARANTY (-3.7%) respectively. Market activities were however mixed as volume improved by…

Ghana Market Watch | June 3rd 2015: Ghana equity market cap GHS 11 million, indices down

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Accra, Ghana (Capital Markets in Africa):- Ghana equity markets gave up yesterday gains, so end in negative territory. The benchmark composite index gained 0.82 points (about 0.03 percent) to end the day at 2,367.14, increasing the year- to- date return to 4.66 percent. The financial Index also plummeted by 3.22 points (0.13 percent) to 2,420.10 with a year-to-date return of 7.90 percent. In the same negative mood, the market capitalization shed off nearly GHS 11.2 million (0.02 percent) to settle at…

Kenya Market Watch | June 3rd 2015: Kenyan equity market cap loses KES 200 million, indices fall

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Nairobi, Kenya (Capital Markets in Africa):- Kenya equity market continued on the downward trend at end of trading sessions. The Nairobi Securities Exchange (NSE20) index plummeted by 26.16 points to 4,790.50 points and Nairobi All Share Index slid by 0.02 points or 0.01 percent to conclude at 164.23. However, the FTSE NSE 25 and FTSE NSE 15 indices gained 1.80 percent (or 3.80 points) and 1.70 percent (or 3.70 points) to close the day at 218.46…

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