The Editorial Team |

Morocco Central Bank keeps interest rate on hold at 2.5 percent

Casablanca, Morocco (Capital Markets in Africa):- Morocco’s central bank, or Bank Al-Maghrib, kept its benchmark interest rate unchanged at 2.5 percent on Tuesday, saying that inflation would remain consistent with price stability targets. Inflation is expected to reach 1.5% in 2015 and 1.4% on average over the next six quarters. However, there are external uncertainties over oil prices, according to the central bank. A decline in global oil prices revived Morocco’s public finances and slashed…

Ghana Market Watch | June 16th 2015: Ghana equity markets indices and market capitalization tumble

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Accra, Ghana (Capital Markets in Africa):- Ghana equity markets indices and market capitalization nose-dive at the end of today’s trading session. The benchmark composite index dropped 3.15 points (about 0.13 percent) to end the day at 2,360.66, bringing the year- to- date return to 4.41 percent. Equally, the financial Index plunged by 5.21 points or 0.22 percent to 2,414.09 with a year-to-date return of 7.60 percent. Alike, the market capitalization went down nearly GHS 17.14 million (-0.03percent relative to yesterday market cap…

Tanzania Market Watch | June 16th 2015: Tanzania equity market adds TSZ 61 billion and index up by 0.25%

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Dar es Salaam, Tanzania (Capital Markets in Africa):- The Dar es Salaam Stock Exchange (DSEI) rose by 7.60 points or 0.25 percent to close at 2,838.66 points and market capitalization recorded at TZS 24,852.67 billion (an increase of about TSZ 61.21 billion against previous trade session market cap of TSZ 24,791.46). However, the domestic Share Index declined by 26.26 points or 0.55 percent to close at 4,769.24 points. Today, the market recorded a total turnover…

Morocco Market Watch | June 16th 2015: Morocco equity market continued in negative region, down by MAD 37 billion

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Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market continued in the negative region. The Moroccan benchmark stock index (MASI Index) plunged by 0.74 percent to close at 9,543.63 points (with a year-to-date performance to -0.80 percent) with total market capitalization at MAD 484.437 billion (lost about MAD 37 billion against previous trading session market cap of MAD 488.137) and market activities measured as total traded value was recorded at MAD 70.493 million. Equally, Moroccan…

Egypt Market Watch | June 16th 2015: Egyptian equity markets rebound from 8-day decline

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Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets rebounded today from eight day in negative territory. The market capitalisation added around EGP 2.587 billion to close at EGP 487.136 billion (against EGP 484.550 billion recorded yesterday). The benchmark index EGX30 increased by 0.48 percent or 40.47 points to end the day at 8,556.10 points (-4.15 percent year-to-date performance). Equally, the small and mid-cap index EGX70 climbed by 1.72 percent or 7.67 points to settle at 452.36 points (-20.00…

Zimbabwe Market Watch | June 16th 2015: Zimbabwe industrial index marginally rises by US$1 million.

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Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index continued on uptrend, marginally adding 0.05 points or 0.03 percent to close at 153.06 points. Equally, the market capitalization was recorded at US$3.991 billion, by adding US$1 million against previous trading session market capitalization of US$3.990. The market activity today recorded a turnover of US$152,094 exchanged in 13 traded securities via 26 trade transactions. Foreign investor buys US$ 11,823 and foreign sells US$ 49,500…

Morocco Market Watch | June 15th 2015: Morocco equity market starts the week in red, All Share index down 0.34%

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Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market started the trading week in negative territory. The Moroccan benchmark stock index (MASI Index) plunged by 0.34 percent to close at 9,614.60 points (with a year-to-date performance to -0.06 percent) with total market capitalization at MAD 488.137 billion and market activities measured as total traded value was recorded at MAD 24.477 million. Equally, Moroccan most active share index (MADEX) closed at 7,861.42 points (lost 0.35 percent…

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