The Editorial Team

Egypt Market Watch | May 20th 2015: Egypt equities plummet EGP 2.4bn

Cairo, Egypt (Capital Markets in Africa):-Egyptian equity market halt it positive momentum today. The market capitalization gave up EGP 2.4 billion compared to yesterday’s gain of EGP 1.2 billion to close at EGP 500.358 billion. The benchmark index EGX30 fell by 0.58 percent or 51.2 points to close the day at 8,826.45 points (-1.12 percent year-to-date performance). On the same note, the small and mid-cap index EGX70 loss 0.38 percent to settle at 471.85 points (-16.55 percent year-to-date return),…

EIB gives Madagascar 300 mln euro loan for roads, power

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Antananarivo, Madagascar (Capital Markets in Africa):- The European Investment Bank (EIB) has given Madagascar a 300 million euro ($333 million) loan to go be used to rehabilitate roads, power and energy infrastructure, the island state said. The president’s office in Madagascar said in a statement late on Tuesday that the EIB loan would also help in emergency repair work resulting from cyclone damage. President Hery Rajaonarimampianina took office in January 2014 after successful elections in 2013…

Nigeria’s central bank holds interest rate at 13 pct

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Abuja, Nigeria (Capital Markets in Africa):- Nigeria’s central bank held its benchmark interest rate unchanged at 13 percent on Tuesday, stressing the need to preserve foreign exchange reserves that have been depleted in recent months to support a weakening naira. At the last policy meeting before president-elect Muhammadu Buhari takes office in Africa’s largest oil producer on May 29, central bank governor Godwin Emefiele said it was not possible for the regulator to intervene on…

Ghana Market Watch | May 19th 2015: Ghana equity market closes on the south pole

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Accra, Ghana (Capital Markets in Africa):- Ghana Stock exchange close on the south pole today, with the benchmark composite index lost 3.85 points to close trading at 2316.17, representing a year- to- date return of 2.44%. On the same mood, the financial index also shed 5.5 points to 2,357.58 with a year-to-date return of 5.08%. Likewise, the market capitalization close at GHS 64,323.73 million (a lost of 0.03% from previous market cap). However, the stock market witnessed improved activity today with volumes and…

Cote d’Ivoire Market Watch | May 19th 2015: BRVM shed XOF 30bn, indices lost 0.58%

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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, lower than the previous day. BRVM 10 index decreased from 273.19 to 271.61 points, a drop of 0.58%. BRVM Composite index lost 0.46% to 262.37 against 263.58 points previously. The equity market capitalization was recorded at XOF 6,474.20 compared to XOF 6,503.90 billion previously (a decrease of almost XOF 30 billion). From market activity…

Mauritius Market Watch | May 19th 2015: Mauritius equity shed off MUR 1.6bn

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market maintained its downward trend recording a total turnover of MUR 42.6 million and market capitalization recorded at MUR 218.157 billion (loss about MUR 1.6 billion from yesterday’s market cap of 219.714). The Semdex and SEM-10 index gave up 0.30% and 0.45% to reach 1,969.44 points and 373.79 points respectively. Mauritius Commercial Bank (MCB) Group reached an intra-day low of MUR 204.00 before closing at MUR 205.00…

Kenya Market Watch | May 19th 2015: Kenyan equities gain KES 5.6bn and indices up

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Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE20) index went up to 4,941.71 points, by adding 9.28 points and Nairobi All Share Index (NASI) added 0.35 points to close at 167.83. At the same time, the market capitalization gained KES 5.6 billion (about 0.21 percent) to close at KES 2,347.664 billion. Looking at the market activities, KAPCHORUA TEA edged up by 8.62 percent to close at KES 126.00 to become today trading sessions’ top gainer….

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