The Editorial Team |

Egypt Market Watch | May 13th 2015: Blood on Egypt’s equity markets Street

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices collectively end in red on Wednesday while the market capitalization shed nearly EGP 6 billion to close at EGP 491.8 billion, pressured by the decline of blue chips. The benchmark index EGX30 fell 1.7% or 147.91 points to 8,526.43 points. The small and mid-cap index EGX70 lost 2.33% to 453.85, while the broader EGX100 index slid 1.53% to 944.43 points. Likewise the EGX20 capped index plummeted…

Zimbabwe Market Watch | May 13th 2015: Zimbabwe stock market gains 0.29% with market cap US$4.1 billion

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Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) ended on a positive note today. The Industrial index closed higher at 154.22 points adding 0.45 points (0.29%) with total market capitalization of US$4.088 billion. Today’s market activities measured by total turnover was recorded at US$1.436 million exchanging in nine securities and 23 transactions. Foreign investors buy US$1.192 million and sell US$ 710,603. Out the nine traded securities Innscor Africa Limited, Zimbabwe, Econet Wireless…

Moody’s: Currency shifts to widen gap between global economies in 2015-16

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London (Capital Markets in Africa):- Robust US growth and stabilising financing conditions will help the global economy to grow more strongly next year after muted growth in 2015, says Moody’s Investors Service in its quarterly Global Macro Outlook report. Divergence between the major economies is likely to widen. The report “Global Macro Outlook: 2015-16. Stronger US Dollar and Shifts in Capital Flows Stoke Divisions in Global Growth”, is now available on www.moodys.com. Moody’s subscribers can…

Kenya Market Watch | May 12th 2015: Kenya equity indices end in Red….

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Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Security Exchange top 20 (NSE 20) Index declined by 29.58 points to close at 5,012.94 points today. Likewise, the Nairobi All Share Index went down by 1.19 points to close at 169.46 points with total market capitalization at KES 2,387.19 billion. The highest market gainers were Housing Finance edging up by 6.20 percent to close at KES 34.25, Crown Berger Paint Kenya gained 5.96 percent to settle…

Cote d’Ivoire Market Watch | May 12th 2015: BRVM gained XOF 7.7 billion today

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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 today, higher than the previous day. BRVM 10 index rose from 271.35 to 272.34 points, a gain of 0.36%. BRVM Composite index gained 0.11% to 262.47 against 262.17 points previously. The equity market capitalization closed at XOF 6, 476.67 billion compared to XOF 6,469.11 billion recorded an increase of XOF 7.56 billion to previously trading session….

Lower prices to hurt Africa’s oil producers say IMF report

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Lagos, Nigeria (Capital Markets in Africa):- Lower oil prices will reduce growth in sub-Saharan Africa’s major petroleum producing countries and push governments to implement significant policy adjustments, according to the International Monetary Fund (IMF) report released on 28th April 2015. It noted that SSA growth could slow to 4.5% this year from 5.0% in 2014, largely because of the weaker oil prices, while forecasting growth rising to 5.1% in 2016. “For the eight oil exporters,…

Egypt Market Watch | May 12th 2015: Egyptian equities shed off about EGP 1.4 billion

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Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices ended Tuesday’s trading on southward, due to uncertainty on the government decision on the controversial capital gains tax and pressured by institutional sell-offs. The Egyptian equity market capitalisation shed off about EGP 1.4 billion to settle at EGP 497.8 billion. Likewise, the benchmark index EGX30 fell 0.20%, or 17.51 points to close at 8674.34 points. Also, the small and mid-cap index declined by 0.91% to…

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