The Editorial Team |

Mauritius Equity Markets | 4 Sep 2015 : Mauritius equity trading went down by MUR 128 billion …

Port Louis, Mauritius, Capital Markets in Africa — The bearish mood persisted on the Stock Exchange of Mauritius equity trading at today’s trading session. Therefore, the equity market capitalization declined by MUR 128 billion (US$ 3.6 million) to settle at MUR 216.358 million relative to previous market capitalization of MUR 216.486 billion. The Mauritius All Share Index (SEMDEX index) fell by 0.06 percent or 1.15 points to close at 1,942.85 points and SEM10 index closed at 370.72…

South Africa Equity Markets | 3 Sep 2015: JSE All Share ended 2.40% higher as 6.62% gains in gold miners and 5.46% advance in resources

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Johannesburg, South Africa Capital Markets in Africa —Equity markets enjoyed positive trading as all the key major indices moved to the North Pole. Johannesburg Stock Exchange (JSE) All Share grew by 2.40 percent or 1,182.32 points to settle at 50,411.09 points and JSE Top 40 index advance by 1,139.43 points or 2.61 percent to end at 44,838.96 points. From the sector viewpoint, financial sector index added 1.13 percent or 487.79 points at 43,563.70 points. Also both Industrial sector index and industrial…

Cote D’Ivoire Equity Markets | 3 Sep 2015: BRVM equity markets close lower, Agriculture sectors biggest loser

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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, lower than the previous day. BRVM 10 index decreased from 294.79 to 291.73 points, a drop of 1.04 percent. BRVM Composite index lost 0.82 percent to 292.79 against 295.20 points previously. The equity market capitalization plummeted by XOF 59 billion (about US$101 million) to close at XOF 7,225 billion relative to previous trading…

Nigerian Equity Markets | 4 Sep 2015: Cement Stocks Drag Market Performance… NSE ASI down 1.6%

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LAGOS, Nigeria, Capital Markets in Africa — The Nigerian bourse extended the previous day’s loss to today as the All share Index (ASI) fell 1.6% to close 29,393.77pts. Market capitalization also shed 164.1bn to close at 10.1tn. The decline in the ASI is attributable to further depreciations recorded in bellwether stocks such as DANGCEM (-5.0%), WAPCO (-4.0%) and NESTLE (-1.2%). Similarly, market activities measured by volume and value declined 37.8% to 273.7m units and 36.1% to N2.9bn respectively. Sector indices were…

Ghana Equity Markets | 3 Sep 2015: GSE equity markets stay on downtrends …

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Accra, Ghana Capital Markets in Africa — Ghana equity markets maintained the bearish mood for six successive trading session, so the equities market capitalization shred off GHS 44 million (about US$8 million) to close at GHS 62,680 million relative to market capitalization of GHS 62,724 recorded at previous trading session. The benchmark composite index went down by 8.12 points or 0.39 percent to close the day at 2,101.45 points, representing a year-to-date performance 0f -7.06 percent. The financial Index sagged by…

CDC and IFC invest US$24mn in CRDB

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Dar es Salam, Tanzania, Capital Markets in Africa — CDC Group plc (‘CDC’) and the International Finance Corporation (‘IFC’) have invested US$24m to acquire a 5% holding in CRDB Bank plc (‘CRDB’), a provider of financial services in Tanzania. The investment will enable CRDB to continue its growth and further improve access to financial services with the aim of helping to build businesses that create jobs. CRDB recently announced a rights issue which was underwritten…

South Africa’s growth curbed by energy shortages, lower commodity prices and global uncertainty

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JOHANNESBURG, South Africa, Capital Markets in Africa — Electricity shortages, low commodity prices, a severe drought and weaker than expected global growth will constrain South Africa’s economy over the next 18 months and are reflected in the government’s Baa2 rating, stable outlook, Moody’s Investors Service said in a report published September 02 2015. Uncertainty surrounding the Chinese economy and the broader global outlook, as well as the timing of any tightening of US monetary policy,…

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