The Editorial Team |

Mauritius Equity Watch | 21 July 2015: Equity markets end in red … SEMDEX 15bps and market cap MUR 327 million falls

Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity markets returned to negative region at end of today’s trading session. The Mauritius All Share Index (SEMDEX index) lost 0.15 percent or 2.94 points to close at 1,952.90 points and the SEM10 index closed at 372.68 points by losing 0.58 points or 0.16 percent. In the same note, the market capitalization settled at MUR 217.118 billion (relative to yesterday’s market capitalization of MUR 217.445 billion) by giving away MUR 327…

Nigeria – Will they or won’t they?

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LONDON (Capital Markets in Africa) — In recent weeks, investors in Nigeria have become increasingly perplexed about whether there will be a naira move before the end of 2015. On one hand the NDF market seems to indicate that there will be a move. And the consensus forecast for the value of the naira at the end of 2015 is NGN215:US$1, so in a rare show of unanimity economists seem to agree with the NDF…

South Africa Market Watch | 20 July 2015: JSE higher despite plummeting in gold miners and resource sectors

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Johannesburg, South Africa (Capital Markets in Africa) — Johannesburg Stock Exchange (JSE) started the week on positive momentum. The JSE All Share index increased by 0.50 percent or 264.60 points to close at 52,988.32 levels. The JSE Top 40 index also added 0.71 percent or 336.09 points to end at 47,388.67 points. From the sector viewpoints, financial sector index surged by 0.47 percent or 212.95 points at 45,996.85 points. Both Industrial sector index and industrial 25…

Zambia – AfDB approves US$ 243 million loans for the rehabilitation of Chinsali-Nakonde Road

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Zambia (Capital Markets in Africa) — The Board of Directors of the African Development Bank Group (AfDB) has approved a US $193-million Bank loan and a US$ 50-million loan from Africa Growing Together Fund (AGTF), to support the rehabilitation of the Chinsali-Nakonde road, a section of the North-South Corridor in Zambia, connecting Tanzania. The project aims to improve road transport infrastructure and services as well as reduce transport costs between northern Zambia and southern Tanzania. It…

Moody’s changes Egypt’s banking system outlook to stable

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CAIRO, Egypt (Capital Markets in Africa) — Moody’s Investors Service has today changed the outlook for Egypt’s banking system to stable from negative, reflecting its expectation that banks’ funding and liquidity positions will remain strong amid improving operating conditions over the next 12-18 months. “We expect that Egypt’s banking system will benefit from improved operating conditions, resulting in rising consumer confidence and business investments, which in turn will support loan growth and asset quality”, says…

Mauritius Equity Watch | 15 July 2015: Mauritius stocks maintained the bullish momentum … added MUR 360 million

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius stocks maintained the bullish momentum at end of today’s trading session. As a result, the Mauritius All Share Index (SEMDEX index) jumped by 0.17 percent or 3.24 points to settle at 1,951.02 points and the SEM10 index moved to 371.24 points by adding 1.00 points or 0.27 percent. The market capitalization increased by MUR 360 million to settle at MUR 216.909 billion (relative to yesterday’s market capitalization of MUR…

South Africa Market Watch | 14 July 2015: Losses across South African equities market … JSE All Share sheds 70 basis point, but gold miners up by 121 basis points

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Johannesburg, South Africa (Capital Markets in Africa) — All most of the major sectors on the Johannesburg Stock Exchange (JSE) fell, with the exception of gold miners. The JSE All Share 0.70% lower to end at 52109.52 point, by losing 365.38 points. The JSE Top 40 index also lost 0.72 percent or 336.60 points to settle at 46571.30 points and financial sector index fell by 1.30 percent or 592.38 points at 44984.33 points. Both Industrial sector…

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