The Editorial Team |

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

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…

Ghana Equity Watch | 6 July 2015: Ghana equity markets indices and market capitalization bullish today, US$ 10 million up

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Accra, Ghana (Capital Markets in Africa):- Ghana stock markets started the week bullish. The benchmark composite index surged by 6.81 points or 0.30 percent to end the day at 2,348.67, its year- to- date performance improves to 3.88 percent. At the same time, the financial Index gained 9.51 points or 0.41 percent to trade at 2,389.22 with a year-to-date return of 6.49 percent. Likewise, the market capitalization nearly added GHS 38.61 million (relative to previous trading sessions’ market cap of GHS 64,558.49)…

South Africa Market Watch | 6 July 2015: South African JSE falls 1.13%, industrial shares led losses

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Johannesburg, South Africa (Capital Markets in Africa) —South African equity markets began the week bearish. The Johannesburg Stock Exchange (JSE) All Share closed 1.13 percent or 585.86 points lower to close at 51,381 points. The JSE Top 40 index also plunged by 1.34 percent or 623.18 points to end at 45,732.42 points and JSE Financial sector index went down by 0.55 percent or 242.50 points at 43,613.78 points. Both Industrial sector index and industrial 25 index…

Mauritius Equity Watch | 6 July 2015: Mauritius equity market opens in mixed feelings, adds MUR 26 million, SEMDEX 0.01% up, SEM10 3bps down

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity markets opened the week on mixed feelings. The Mauritius All Share Index (SEMDEX index) slightly rose by 0.01 percent or 0.23 points to close 1,964.65 points and the SEM10 index narrowly fell 0.03 percent or 0.12 points to end at 373.72 points. The market capitalization added MUR 26 million to settle at MUR 218.425 billion (as against MUR 218.399 billion recorded at yesterday’s trading session). The overall total…

South Africa Market Watch | 3 July 2015: South African JSE falls 0.48%, losses led by resources but gold index adds 2.15%

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Johannesburg, South Africa (Capital Markets in Africa) —South African equity markets returned to negative at end of today’s trading session. The Johannesburg Stock Exchange (JSE) All Share finished 0.48 percent or 248.39 points lower to close at 51,967.08 points. The JSE Top 40 index also declined by 0.58 percent or 272.17 points to end at 46,355.60 points and JSE Financial sector index lost 0.97 points at 43,855.98 points. Both Industrial sector index and industrial 25 index…

Mauritius Equity Watch | 3 July 2015: Mauritius equity market down by MUR 1.75 billion in the week

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity markets ended the week in red. The Mauritius All Share Index (SEMDEX index) slightly slid by 0.09 percent or 1.75 points to close 1,964.42 points and the SEM10 index narrowly fell 0.01 percent or 0.02 points to end at 373.84 points. The market capitalization fell by MUR 197 million to settle at MUR 218.399 billion (as against MUR 218.596 billion recorded at yesterday’s trading session). The overall total…

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