The Editorial Team |

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

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…

Nigerian Equity Markets | 23 Nov 2015: Nigerian Equities Market in Free fall? …NSE ASI down 102bps

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Lagos, Nigeria, Capital Markets in Africa — There seems to be no respite for the Nigerian Equities market at the moment as the bearish run was extended to the 6th trading day, today. The Benchmark Index -All Share Index- depreciated 1.0% to close at 27, 843.55points. The poor performance today was broadly driven by sell-offs in NIGERIAN BREWERIES (-4.2%), ZENITH (-3.0%) and GUARANTY (-2.1%) as market capitalization fell N9.9bn to N9.6tn. However, market activity level strengthened…

Egypt Equity Markets | 23 Nov 2015: Blood on the Egyptian Exchange trading floor, equity market capitalization drops US$679 million …

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Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity indices ended in the South Pole and the equity market capitalization dropped EGP 5.3 billion (nearly US$679 million) to end at EGP 418.630 billion relatively to the previous market capitalization of EGP 423.944 billion. The benchmark index EGX30 sagged by 156.21 points or 2.36 percent to close at 6,451.32 points. The equal-weighted indexes EGX50 slumped by 1.83 percent or 20.74 points to settle at 1,113.15 points. EGX70 index, which…

Morocco Equity Markets | 23 Nov 2015: Casablanca stock exchange market cap deplete by US$439 million, indices down

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Casablanca, Morocco, Capital Markets in Africa — The Moroccan benchmark stock index (measured as MASI Index) slumped by 0.92 percent to end at 9,108.84 points (with a year-to-date performance to -5.31 percent) with total market capitalization at MAD 458.239 billion (a drop of MAD 4.3 billion or US$439 million relative to previous market capitalization of MAD 462.567). The market activity measured as total traded value was recorded at MAD 49.858 million. The Moroccan most active share…

Mauritius Equity Markets | 23 Nov 2015: Mauritius Equity Trading Ends in Red, SEMDEX 0.20% down …

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PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius equity markets opened the week in the negative zone. The equity market capitalization ended at MUR 201.872 billion. The Mauritius All Share Index (SEMDEX index) dipped by 0.20 percent or 3.60 points to end at 1,812.74 and SEM10 index dropped 0.04 percent or 0.13 points to end at 347.11 points. From the market activity viewpoint, the overall total volume trade ended at 5,768…

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