The Editorial Team |

Nigerian Equity Markets | 9 Sep 2015: Market Tumbles on JPMorgan’s Notification…NSE ASI Losses 2.9%

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Bourse halted 3 consecutive days of gains as the Benchmark Index –All Share Index (ASI)- succumbed to heavy sell offs in the market, slumping 2.9% to close for the day at 29,454. 09points. We believe trading activities today were largely driven by panic in the market due to JP Morgan’s announcement to begin the de-listing of Nigerian Government Bonds from its emerging markets bond Index (GBI-EM) by…

South Africa Equity Markets | 9 Sep 2015: JSE All Share index ends higher, gold miners lower and resources index higher …

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Johannesburg, South Africa Capital Markets in Africa —The positive momentum continued on the Johannesburg Stock Exchange. Johannesburg Stock Exchange (JSE) All Share edged up by 0.30 percent or 150.06 points to settle at 49,723.55 points and JSE Top 40 index grew by 142.21 points or 0.32 percent to end at 44,249.39 points. From the sector viewpoint, financial sector index added 0.53 percent or 269.01 points at 42,998.39 points. Whereas, Industrial sector index and industrial 25 index sagged by 0.46 percent to…

Tanzania Equity Markets | 9 Sep 2015 : Hurray Dar es Salaam Stock Exchange equity investors smile home …

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DAR ES SALAAM Tanzania, Capital Markets in Africa — The Bull appeared on the the Dar es Salaam Stock Exchange equity markets after the equity market capitalization gathered about TZS 552 billion (about US$ 255 million) to end at TZS 22,225 billion relative to market capitalization of TZS 21,763 billion recorded at previous trading session. In the like mood, the Dar es Salaam Stock Exchange index (DSEI) soared by 63.45 points or 2.56 percent to…

AfDB and Japan sign bilateral agreement for loan worth US$300 Mill …

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — On September 8, 2015, the African Development Bank (AfDB) and the Government of Japan signed the sixth private sector assistance loan under the joint initiative titled Enhanced Private Sector Assistance (EPSA) for Africa. The loan, worth JPY 35.88 billion, equivalent to USD 300 million, is intended to support private sector operations in Africa. To mark this agreement a signing ceremony was held at AfDB headquarters in Abidjan, Côte…

Mauritius Equity Markets | 9 Sep 2015 : The Bear is the King at Stock Exchange of Mauritius Equity Markets …

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PORT LOUIS, Mauritius, Capital Markets in Africa — Stock Exchange of Mauritius equity market capitalization closed at MUR 215.847 after losing MUR 222 million (US$6.2 million) relative to previous market capitalization of MUR 216.069 billion. The Mauritius All Share Index (SEMDEX index) slacked by 0.10 percent or 1.91 points to close at 1,938.25 points and SEM10 index closed at 369.53 points after adding 0.18 percent or 0.68 points. From the market activity viewpoint, the overall total volume…

JP Morgan to remove Nigeria from government bond index

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LAGOS, Nigeria, Capital Markets in Markets – JP Morgan will remove Nigeria from its Government Bond Index (GBI-EM) by the end of October, the bank said on Tuesday, after warning the government of Africa’s biggest economy that currency controls were making transactions too complicated. The removal will force funds to sell Nigerian bonds, triggering potentially significant capital outflows and raising borrowing costs for the government. Struggling with a plunge in vital oil revenue, Nigeria had imposed…

Ghana Equity Markets | 8 Sep 2015: Ghana Stock Exchange equity markets move to positive ..

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Accra, Ghana, Capital Markets in Africa — On Tuesday the Ghanaian Stock Exchange (GSE) equities closed in positive momentum, as a result the market capitalization rose by GHS 54 million to close at GHS 62,894 million relative to market capitalization of GHS 62,840 recorded at previous trading session. The benchmark composite index added 9.52 points or 0.45 percent to close the day at 2,103.61 points, representing a year-to-date performance 0f -6.96 percent. However, the financial Index sagged by 1.96 points or…

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