Nigerian Equity Markets | 22 Sep 2015: NSE-ASI Rises 0.5% as MPC Slashes CRR to 25.0%

Nigerian Equity Markets | 22 Sep 2015: NSE-ASI Rises 0.5% as MPC Slashes CRR to 25.0%

Lagos, Nigeria, Capital Markets in Africa —  Investors’ sentiment in equities strengthened today in contrast to what was witnessed in the last two sessions as the All Share index closed 53bps higher to settle at 30,426.0pts. This brought YTD loss to -12.2%. Uptrend was predominantly boosted by gains in DANGOTE CEMENT (+1.2%), SEPLAT (+4.9%), UBN (+3.4%) and FORTE OIL (+1.0%). In like manner, market capitalization expanded to N10.4tn as investors’ value rose by N51.6bn at…

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Cote D’Ivoire Stock Markets | 22 Sep 2015: BRVM Equity indices end higher, Distribution sector index lower …

Cote D’Ivoire Stock Markets | 22 Sep 2015: BRVM Equity indices end higher, Distribution sector index lower …

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Tuesday, higher than the previous day. BRVM 10 index rose from 291.46 to 293.07 points, a gain of 0.55 percent. BRVM Composite index gained 0.30 percent to 293.45 against 292.58 points previously. The equity market capitalization sagged by XOF 21 billion (about US$35.6 million) to close at XOF 7,241 billion relative to previous trading sessions’…

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Emerging Capital Partners exits Continental Reinsurance Plc

Emerging Capital Partners exits Continental Reinsurance Plc

Lagos, Nigeria, Capital Markets in Africa — Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, along with its investment partners, announces the sale of C-Re Holding Limited (“C-Re Holding”) to Saham Finances S.A (“Saham”), the insurance arm of Saham Group. C-Re Holding holds a 53.6% stake in Continental Reinsurance Plc (“Continental Re”), a private reinsurance company in Africa, excluding South Africa. Under ECP’s ownership, Continental Re has…

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Kenya Equity Markets | 22 Sep 2015: Kenya Stock Markets gains KES 200 Million, All Share index marginally higher ..

Kenya Equity Markets | 22 Sep 2015: Kenya Stock Markets gains KES 200 Million, All Share index marginally higher ..

Nairobi, Kenya Capital Markets in Africa — The equity market capitalization ended at KES 2,065.7 billion after gaining KES 200 million (c.US$1.90 million) or 0.01 percent from the market capitalization of KES 2,065.5 billion recorded at previous trading session. The Nairobi All Share Index marginally advanced by 0.01 percent or 0.02 points to end at 147.29 points but the Nairobi Securities Exchange (NSE20) index sagged by 30.15 points or 0.71 percent to close at 4,212.11 points. The FTSE…

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Morocco Equity Markets | 22 Sep 2015: Morocco Stock Investors further pocket US$98 Million today, indices higher

Morocco Equity Markets | 22 Sep 2015: Morocco Stock Investors further pocket US$98 Million today, indices higher

Casablanca, Morocco, Capital Markets in Africa — Morocco Equity Markets maintained the positive sentiment. The Moroccan benchmark stock index (measured as MASI Index) surged by 0.32 percent to close at 9,116.65 points (with a year-to-date performance to -5.23 percent) with total market capitalization at MAD 466.470 billion (an increase of MAD 947 million  or US$98 million relative to previous market capitalization of MAD 465.523). The market activity measured as total traded value was recorded at…

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Mauritius Equity Markets | 22 Sep 2015 : Stock Exchange of Mauritius Equity investors lose US$15 Mill …

Mauritius Equity Markets | 22 Sep 2015 : Stock Exchange of Mauritius Equity investors lose US$15 Mill …

PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius equity market capitalization closed at MUR 213.189 after falling by MUR 536 million (US$15 million) relative to previous market capitalization of MUR 213.725 billion.   The Mauritius All Share Index (SEMDEX index) went down by 0.25 percent or 4.81 points to close at 1,914.40 points and SEM10 index closed at 364.83 points after falling by 0.35 percent or 1.27 points. From the market activity viewpoint, the…

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South Africa Equity Markets |21 Sep 2015: South African equity markets and South Africa’s rand lower as post-Fed bull-run fades …

South Africa Equity Markets |21 Sep 2015: South African equity markets and South Africa’s rand lower as post-Fed bull-run fades …

JOHANNESBURG, South Africa, Capital Markets in Africa —The South Africa equity markets opened the week in the red at the end of Monday’s trading session. Johannesburg Stock Exchange (JSE) All Share index ended 0.60 percent or 307.44 points lower to close at 50,737.14 points. The JSE Top 40 index also sagged by 236.15 points or 0.52 percent to end at 45,379.92 points. The JSE Financial sector index sagged by 0.80 percent or 346.14 points to end at…

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