The Editorial Team |

Nigerian Equity Markets | 24 Nov 2015: NSE ASI shed 0.9%, Industrial Goods Index Records Highest Loss,

Lagos, Nigeria, Capital Markets in Africa — The benchmark index of the Nigerian stock market shed 0.9% today to berth at 27,596.81pts. This dragged YTD loss to a distressing 20.4%, the highest loss since 13th February 2015. Market capitalization declined N84.8bn to N9.5tn. Market activity on the other hand improved; volume and value traded rose to 176.4m (+14.0%) and N3.1bn (+38.0%) respectively. All key sector indices were also down. The Industrial Goods sector recorded 1.6% loss…

Cote D’Ivoire Stock Markets | 24 Nov 2015: Negative sentiment stays onBRVM Bourse equity markets … indices and market cap down

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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 Tuesday lower than the previous day. BRVM 10 index decreased from 297.46 to 295.08 points, a drop of 0.80 percent. BRVM Composite index lost 0.37 percent at 302.35 points against 303.47 points previously. The equity market capitalization dropped XOF 27.7 billion (about US$46 million) to close at XOF 7,461 billion relative to the previous trading…

Egypt Equity Markets | 24 Nov 2015: Bear torments the EGX’s equity traders, with loses across the main sectors …

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Cairo, Egypt, Capital Markets in Africa —– The bearish sentiment persisted on the Egypt Exchange equity indices ended at the end Tuesday’s trading session. The equity market capitalization further dropped EGP 5.2 billion (about US$667 million) to end at EGP 413.425 billion relatively to the previous market capitalization of EGP 418.630 billion. The benchmark index EGX30 dropped 129.93 points or 2.01 percent to close at 6,321 points. The equal-weighted indexes EGX50 dipped by 1.81 percent or 20.14 points…

Morocco Equity Markets | 24 Nov 2015: All Share index almost flat, market cap adds US$15 million …

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Casablanca, Morocco, Capital Markets in Africa — The Moroccan benchmark stock index (measured as MASI Index) marginally gained 0.09 points to end at 9,108.93 points (with a year-to-date performance to -5.31 percent) with total market capitalization at MAD 458.351 billion (a gain of MAD 142 million or US$14.5 million relative to previous market capitalization of MAD 458.239). The market activity measured as total traded value was recorded at MAD 555.132 million relatively to the previous total traded…

Mauritius Equity Markets | 24 Nov 2015: SBM Holding, MCB Group Pull Equity index higher …

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PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius equity markets bounced back to positive territory. The equity market capitalization ended at MUR 201.997 billion after dropping MUR 125 million (about US$3.3 million) relatively to the previous market capitalization of MUR 201.872. The Mauritius All Share Index (SEMDEX index) gained 0.06 percent or 1.12 points to close at 1,813.86 and SEM10 index added 0.18 percent or 0.61 points to end at 347.73…

Nigeria’s Central bank substantially loosen monetary policy by cutting benchmark rate to 11%

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LAGOS, Nigeria, Capital Markets in Africa — On 24 November 2015, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting was held where the MPC resolved to reduce the monetary policy rate (MPR) to 11 percent from 13 percent, Governor Godwin Emefiele told journalists today. Nigeria’s central bank reduced its benchmark interest rate for the first time in six years, deviating from its counterparts in most of African countries that have tightened monetary policy in…

Cote D’Ivoire Stock Markets | 23 Nov 2015: BRVM equity settle in the red, market cap US$207 million lower …

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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 Monday lower than the previous day. BRVM 10 index decreased from 304.46 to 297.46 points, a drop of 2.30 percent. BRVM Composite index lost 1.64 percent at 303.47 points against 308.52 points previously. The equity market capitalization dropped XOF 124.6 billion (about US$207 million) to close at XOF 7,488 billion relative to the previous trading…

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