The Editorial Team

Nigeria Market Watch | May 25th 2015: Nigerian equity market extends losses to 5th day

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian Bourse fell 0.4% at the close of market today and berthed at 34,151.81 points. The NSE ASI sustained decline largely due to the price depreciation in NESTLE (-1.3%), ZENITH (-1.1%) and UBN (-4.3%). Market capitalization also shed N40.9bn to close at N11.6tn. Market activity however improved as volume and value rose 9.1% and 33.1% to 220.5m units and N2.7bn respectively. WAPCO Drives Gains in Industrial Index The Industrial Index…

Morocco Market Watch | May 25th 2015: Moroccan equity indices went up..

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Casablanca, Morocco (Capital Markets in Africa):- Morocco’s benchmark stock index (MASI Index) rose by 0.06 percent to close at 9,673.07 points (0.55 percent year-to-date performance) with total market capitalization at MAD 487.691 billion and market activities measured by total traded value was recorded at MAD 20.324 million. Likewise, Moroccan most active share index (MADEX) closed at 7,911.85 points (advanced by 0.12 percent compared to previous trading day). In addition, FTSE CSE Morocco 15 Index gained 0.35…

Kenya Market Watch | May 25th 2015: Kenya market cap down 0.48%, Indices down.

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Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE20) index declined by 21.34 point to 4,858.61 points and Nairobi All Share Index lost 0.78 points to close at 164.14. Likewise, the FTSE NSE 25 and FTSE NSE 15 indices went down by 3.56 points and 3.44 points to close the day at 218.62 and 218.12 points respectively. At the same time, the market capitalization declined 0.48 percent to close at KES 2,295.93 billion. Looking…

Egypt Market Watch | May 25th 2015: Egypt Market Cap shed EGP 2.5bn & EGX30 down 0.78%

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Cairo, Egypt (Capital Markets in Africa):-Egyptian equity market retreated at the end of today’s trading sessions. The market capitalization declined from EGP 508.595 billion to EGP 506.089 billion (that is lost over EGP 2.5 billion). The benchmark index EGX30 fell by 0.78 percent or 71.16 points to close the day at 9050.76 points (1.39 percent year-to-date performance). On the same note, the small and mid-cap index EGX70 went down by 0.77 percent to settle at 484.27 points (-14.35 percent…

AfDB sees Africa’s GDP growth nearing pre-crisis levels

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Lagos, Nigeria (Capital Markets in Africa):- African economies will grow 4.5 percent this year and 5 percent in 2016, approaching levels last seen before the 2007 global financial crisis, as economic prospects improve worldwide, the African Development Bank (AfDB) said. The AfDB estimates that Africa’s gross domestic product expanded by 3.9 percent in 2014 despite sharp falls in international commodity and oil prices, an Ebola epidemic and pockets of political instability and armed conflict.“If you…

Ghana Market Watch | May 21st 2015: Ghanaian benchmark index adds 0.88 percent

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Accra, Ghana (Capital Markets in Africa):- Ghana equity benchmark composite index added 20.28 points to end the day at 2,337.61, representing a year- to- date return of 3.39%. The Financial Index also added 28.15 points to 2,392.51 with a year-to-date return of 6.64%. The market capitalization was recorded at GHS 64,440.64 million (added GHS 110 million from previous market cap). Whereas, the trading activity on the market witnessed lower volumes and turnover compared to the Wednesday’s session. At the close of…

Botswana Market Watch | May 21st 2015: Botswana equity market continues the positive trend

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Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index continued to head northwards, gaining 0.1% to extend its year-to-date growth by 10.02%. However, the foreign composite index remained flat to close at 1,569 points and year-to-date return is still in the red, reflecting the depressed international commodity market. The equity market capitalization was recorded at BWP 381.285 billion losing BWP 45 million compared to yesterday’s market cap. The market activity was thin today compared to previous trading day; the…

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