Ghana Equity Markets | 31 Aug 2015: Ghana equity indices lower and investors’ value US$1 down

Ghana Equity Markets | 31 Aug 2015: Ghana equity indices lower and investors’ value US$1 down

Accra, Ghana, Capital Markets in Africa — On Monday, the equity market capitalization ended at GHS 63,772 million after losing GHS 4 million (about US$1 million) relative to market capitalization of GHS 63,776 million recorded at previous trading session. The benchmark composite index dropped by marginally 0.66 points or 0.03 percent to close the day at 2,154.77 points, representing a year-to-date performance 0f -4.70 percent. In the same mood, financial Index narrowly dipped by 0.71 points or 0.03 percent to…

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South Africa Equity Market | 31 Aug 2015: Johannesburg Stock Exchange All Share marginally grew by 0.01%

South Africa Equity Market | 31 Aug 2015:  Johannesburg Stock Exchange  All Share marginally grew by 0.01%

Johannesburg, South Africa (Capital Markets in Africa) —On Monday Johannesburg Stock Exchange (JSE) All Share escaped negative zone by marginally rose by 0.01 percent or 5.53 points to settle at 49,972.33 points but  the JSE Top 40 index could not by slightly fell by 33.63 points or 0.08 percent to end at 44,350.11 points. From the sector perspectives, financial sector index sagged by 0.14 percent or 59.47 points at 43,803.34 points. Whereas both Industrial sector index and industrial 25 index soared by…

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Ghana Equity Markets | 27 Aug 2015: Ghana Stock Exchange equity markets ended in negative territory … investors lose 5 million dollar

Ghana Equity Markets | 27 Aug 2015: Ghana Stock Exchange equity markets ended in negative territory … investors lose 5 million dollar

Accra, Ghana, Capital Markets in Africa — On Thursday, the Ghana Stock Exchange equity markets ended in negative territory. The market capitalization was recorded at GHS 63,513 million after plunging by GHS 21 million (about US$5.2) relative to market capitalization of GHS 63,534 million recorded at previous trading session. The benchmark composite index shaved off 0.18 points or 3.89 percent to close the day at 2,144.15 points, representing a year-to-date performance 0f -5.17 percent. In the same mood, financial…

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South Africa Equity Market | 27 Aug 2015: Johannesburg Stock Exchange recover lost ground, all sectors end higher

South Africa Equity Market | 27 Aug 2015: Johannesburg Stock Exchange recover lost ground, all sectors end higher

Johannesburg, South Africa (Capital Markets in Africa) —The South Africa equity markets rebounded at the end of today’s trading session, with gainers across the main sector indices. Johannesburg Stock Exchange (JSE) All Share climbed by 379.23 points or 1.58 percent to close at 49,125.08 points and the JSE Top 40 index jumped by 770.92 points or 1.80 percent to end at 43,624.98 points. From the sector perspectives, financial sector index added 1.12 percent or 478.97 points at 43,383.43…

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Nigerian Banks Resilient but Face Tough Outlook — Fitch Ratings

Nigerian Banks Resilient but Face Tough Outlook — Fitch Ratings

London (Capital Markets in Africa): Nigerian banks are operating in increasingly difficult conditions and this is likely to result in a sharp deterioration in profitability, asset quality, liquidity and capital ratios, says Fitch Ratings. We said the sector outlook was negative in December. GDP figures for 2Q15, released yesterday, show weaker year-on-year growth of 2.4%, down from 4% in the previous quarter, the slowest quarterly growth rate for over 10 years. The volatile operating environment…

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Mauritius Equity Watch | 26 Aug 2015 : Mauritius equities remain bearish, market cap US$22 million lower

Mauritius Equity Watch | 26 Aug 2015 : Mauritius equities remain bearish, market cap US$22 million lower

Port Louis, Mauritius (Capital Markets in Africa) — Stock Exchange of Mauritius remained in the red district. The equity market capitalization ended at MUR 215.682 billion after sagging by MUR 760 million (US$22 million) relative to previous market capitalization of MUR 216.442 billion.   The Mauritius All Share Index (SEMDEX index) plunged by 0.26 percent or 5.03 points to close at 1,938.57 points and SEM10 index ended at 369.54 points after sagging by 0.22 percent or 0.83…

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Africa Equity’s Black Monday in Pictures: $28bn knocked off the market on Monday 24th Aug

Africa Equity’s Black Monday in Pictures: $28bn knocked off the market on Monday 24th Aug

Lagos, Nigeria (Capital Markets in Africa) —  On Monday 24th August, about $1.6 trillion was wiped off the global equity market capitalization, as panic on China’s trading floors sent shock waves through global markets. African equity markets were not spared in the attack and about $28 billion was shed off its equity market capitalization with slumps in key markets. For breakdown and details see the chart below …. 

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