The Editorial Team |

Morocco Market Watch | June 22nd 2015: Morocco equity market begins the week on a negative mood, indices down and market cap MAD 1.11 billion falls

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market began the week on a negative note. The Moroccan benchmark stock index (measured as MASI Index) decreased by 0.34 percent to close at 9,548.78 points (with a year-to-date performance to -0.74 percent) with total market capitalization at MAD 485.210 billion (gave away nearly MAD 1.11 billion against previous trading session market cap of MAD 486.316 billion) and market activities measured as total traded value was recorded at…

Botswana Market Watch | June 22nd 2015: Botswana domestic composite index marginally falls 5bps

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Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index lost 0.05 percent or 5.00 point to close at BWP 10,602.94. However, the foreign composite index remained unchanged to close at 1,570.91 points. Likewise, the equity market capitalization was recorded at BWP 420.428 billion. From the market activity viewpoint, the daily volume and turnover settle at 751,080 and BWP 2.066 million. Barclays Bank Botswana recorded a volume of 18,516 and turnover of BWP 44,167, CHOPPIES ended with 1,409 traded securities with…

Egypt Market Watch | June 22nd 2015: Egyptian stock exchange ends in mix feelings, indices fall but market cap EGP 1.6 billion gains.

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Cairo, Egypt (Capital Markets in Africa):- Egyptian equity indices continued in red, however the market capitalisation added around EGP 1.6 billion to close at EGP 490.115 billion (against EGP 488.511 billion recorded previous trading session). The benchmark index EGX30 sagged by 0.54 percent or 45.78 points to end the day at 8,489.41 points (-4.90 percent year-to-date performance). Likewise, the small and mid-cap index EGX70 fell by 1.34 percent or 6.13 points to settle at 450.25 points (-20.37 percent year-to-date…

Zimbabwe Market Watch | June 22nd 2015: Zimbabwe equities open lower as bearish mood prevails, market cap US$27 million down and index falls 68bps.

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Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization opened the week in the red. The industrial index fell by 0.68 percent or 1.05 points to end at 151.85 points. Equally, the market capitalization narrowly slumped by US$27 million to end at US$3.951 billion (against US$3.978 market cap recorded at previous trading session). The market activity today recorded a turnover of US$191,706 exchanged in 11 traded securities via 26…

Peugeot Citroen’s Moroccan Factory to Produce 200,000 Cars a Year

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Rabat, Morocco (Capital Markets in Africa) — The new factory of the French leading carmaker PSA Peugeot Citroen will produce 200,000 cars and 200,000 motorbikes a year, Minister of Industry, Commerce, Investment and the Digital Economy Moulay Hafid Elalamy said. The new plant, to be completed by 2019, will generate 4.500 direct jobs and 20,000 indirect, said the Minister in an address before King Mohammed VI, who chaired on Friday the signing ceremony of the…

The Lafferty rating rates Nigerian banks ahead US, S/Africa, Europe, Australia, Canada in quality

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Lagos, Nigeria (Capital Markets in Africa) — In terms of their overall quality, Lafferty Bank Ratings reports that Nigerian banks rank well among banks across the world. A cross-border comparison shows that Nigeria ranks about 34.0, higher than South Africa which ranks 30.0, Canada 23.0, United States 20.0, Australia 22.0, and Europe 18.0. Nigerian banks’ financial ratios are particularly good and Michael Lafferty, chairman, Lafferty Group, reckons that the banks’ overall ratings will improve considerably…

Cote d’Ivoire Market Watch | June 19th 2015: BRVM Equity markets end in negative region, down by XOF 35 billion

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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 Friday, lower than the previous day. BRVM 10 index decreased from 271.79 to 270.71 points, a drop of 0.40%. BRVM Composite index lost 0.52% to 272.62 against 274.05 points previously. In the same way, the equity market capitalization down by XOF 35.25 billion to close at XOF 6,727.07 billion compared with previous trading sessions’ market…

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