The Editorial Team |

Mauritius Market Watch | June 10th 2015: Mauritius equity market extends bullish run, market cap adds MUR 25 million

Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market extended it bullish runs at end of today’s trading session, the SEMDEX index went up by 0.01 percent to reach 1,976.37 points and the Sem-10 rose by 0.16 percent to 376.21 points. The market capitalization was recorded at MUR 219.749 billion (against MUR 219.724 billion recorded yesterday) and overall total volume trade recorded at 17.785 million and turnover amounted to MUR 60.727 million. SBM Holdings…

Stanbic IBTC Will Raise N20b Via Rights Issue

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Lagos, Nigeria (Capital Markets in Africa) — Stanbic IBTC has announced it has obtained approval to commence rights issue. They will be offering 800,000,000 Ordinary Shares of 50 kobo each at N25.50 per share. The basis for allotment of the rights will be 2 new ordinary shares for every 25 ordinary shares held. The Qualification Date for this Right Issue is today, 10 June 2015. Stanbic IBTC only recently celebrated the listing of its N15.4illion…

Morocco Market Watch | June 10th 2015: Blood shedding on the Morocco equity market street marginally reduced today, indices down but market cap gains MAD 155 million.

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Casablanca, Morocco (Capital Markets in Africa):- Blood shedding on the Morocco equity market street marginally reduced today. Morocco’s benchmark stock index (MASI Index) plunged by 0.03 percent to close at 9,593.00 points (with a year-to-date performance to -0.28 percent) with total market capitalization at MAD 487.305 (added MAD 155 million compared to previous trading sessions market capitalization of MAD 487.150 billion) and market activities measured as total traded value was recorded at MAD 58.849 million…

Egypt Market Watch | June 10th 2015: Egyptian equity markets nose-dive by EGP 1.2 billion

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Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices nose-dive, with the market capitalisation giving away nearly EGP 1.2 billion to close at EGP 490.888 billion (against EGP 492.076 billion recorded yesterday), pressured by sell-offs among foreign investors and Egyptian institutional investors despite MSCI decision to keep Egyptian equities in its emerging markets index and Central bank coverage of 50% of the dollar backlog owed to foreign investors. The benchmark index EGX30 plunged by 0.25…

Zimbabwe Market Watch | June 10th 2015: Zimbabwe industrial index extended it bearish runs, down by US$14 million

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Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index extended it bearish runs, by further losing 0.56 points (0.36 percent) to settle at 152.05 points. Likewise, the market capitalization was recorded at US$ 3.965 billion losing US$14 million against previous trading session market capitalization of US$3.979 The market activity today recorded a turnover of US$156,653 exchanged in 12 traded securities in 38 trade transactions. Foreign investor buys US$110,993 and zero foreign sells today….

AfDB provides US $22 million to fund Mahe Sustainable Water Augmentation Project in Seychelles

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Victoria, Seychelles (Capital Market in Africa) — The Government of the Republic of Seychelles has received a loan worth US $ 20.6 million, in addition to a US $1.668 million grant, from the African Development Bank (AfDB) to finance part of the Mahe Sustainable Water Augmentation Project. The accords were signed on May 27, on the sidelines of the AfDB’s 50th Annual Meetings held in Abidjan, Côte d’Ivoire. Signing the AfDB loan and the grant…

Ghana Market Watch | June 9th 2015: Ghana equity composite Index gains 0.54% and market cap up GHS 245 million

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Accra, Ghana (Capital Markets in Africa):- Ghana equity markets indices and market capitalization increased at the end of today’s trading session. The benchmark composite index gained 12.81 points (about 0.54 percent) to end the day at 2,386.51, bringing the year- to- date return to 5.55 percent. Equally, the financial Index rose by 12.39 points or 0.51 percent to 2,439.90 with a year-to-date return of 8.75 percent. Alike, the market capitalization added nearly GHS 245.15 million (0.38 percent) to settle at GHS 64,798.53 million….

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