The Editorial Team |

Foreign Portfolio Investors are net sellers on the NSE in May 2015

Lagos, Nigeria (Capital Markets in Africa) — Foreign Portfolio Investor (FPI) transactions at the Nigerian bourse decreased to N79.77 billion (about US$ 0.41 billion) in May 2015, down 23.26% from April 2015, amid uncertainity in the fiscal policy direction of the new government, resulting from delays in the appointment of key Ministers. Also, the recent currency control policy by the Central Bank of Nigeria to defend the local currency to preserve the foreign reserves. The local…

Ghana Equity Watch | 8 July 2015: Ghana equities stay in red …. GSE composite index slumps by 918bps

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Accra, Ghana (Capital Markets in Africa):- Ghana stock markets continued on the bearish path at the end of today’s trading session. The benchmark composite index slumped by 0.39 points or 9.18 percent to end the day at 2,337.61, its year- to- date performance reduces to 3.39 percent. At the same time, the financial Index fell by 17.24 points or 0.72 percent to trade at 2,369.07 with a year-to-date return of 5.59 percent. The market capitalization was recorded at GHS 64,547.37 million after losing GHS…

South Africa Market Watch | 8 July 2015: South African equities edges up, JSE All Share adds 48bps, gold miners 138bps down

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Johannesburg, South Africa (Capital Markets in Africa) —South African equity markets returned to green today after two days in the south territory. The Johannesburg Stock Exchange (JSE) All Share ended 0.48 percent higher on Wednesday to land at 50,235.76 points. The JSE Top 40 index also grew by 0.68 percent or 301.82 points to settle at 44,679.82 points and JSE Financial sector index advanced by 1.46 percent or 621.64 points at 43,166 points. Both Industrial sector…

Mauritius Equity Watch | 8 July 2015: Mauritius stock indices in red but Market Cap MUR 592 Mill up

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity markets backed to red after two days gains. The Mauritius All Share Index (SEMDEX index) plunged by 0.19 percent or 3.66 points to settle at 1,969.62 points and the SEM10 index closed at 373.74 levels, after tumbled by 0.09 percent or 0.35 points. The market capitalization was recorded at MUR 218.977 billion, by adding MUR 592 million (relative to MUR 218.385 billion recorded at previous trading session). The…

South Africa Market Watch | 7 July 2015: South African equities cover in blood, All Share falls 2.69%, losses led by resources

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Johannesburg, South Africa (Capital Markets in Africa) — South African equity markets extended its bearish runs. The Johannesburg Stock Exchange (JSE) All Share dropped by 2.69 percent or 1383.43 points to land at 49,997.79 points. The JSE Top 40 index also plunged by 2.96 percent or 1,355.42 points to settle at 44,377.00 points and JSE Financial sector index tumbled by 2.45 percent or 1,069.24 points at 42,544.54 points. Both Industrial sector index and industrial 25 index…

Sub-Saharan Africa’s growth slows: A look at Nigeria and Kenya by Renaissance Capital

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Lagos, Nigeria (Capital Markets in Africa) — Low commodity prices, soft global demand and domestic structural constraints have conspired to slow growth in Sub-Saharan Africa’s oil exporting and importing countries alike. We lower our 2015 growth forecast for Kenya to 5.2% (vs 6.0% previously), and highlight downside risks to Nigeria’s. Kenya: Quicker growth is deferred We expect the (investment-driven) acceleration in Kenya’s growth to be deferred, partly due to tighter monetary policy. Although growth quickened in 1Q15…

Mauritius Equity Watch | 7 July 2015: Mauritius equity market turns green, SEMDEX 0.44% up, SEM10 37bps up but Market Cap MUR 40 Mill down

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity markets finished bullish at end of today’s training session. The Mauritius All Share Index (SEMDEX index) surged by 0.44 percent or 8.63 points to close 1,973.28 points and the SEM10 index climbed by 0.10 percent or 0.37 points to end at 374.09 points. The market capitalization lost MUR 40 million to settle at MUR 218.385 billion (as against MUR 218.425 billion recorded at yesterday’s trading session). The overall…

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