The Editorial Team |

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

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…

Nigeria’s Monetary Policy Committe High Stakes, Tough Choices …

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LAGOS, Nigeria, Capital Markets in Africa — The Nigerian Monetary Policy Committee (MPC) will be sitting for its 6th and last session for the year from 23rd and 24th of November 2015. The meeting is coming against the backdrop of concerns surrounding FX rate amid calls for further devaluation of the local unit, slow GDP growth, unrelenting inflationary pressure, robust liquidity levels in the financial system as well as the increasing expectation for a FED rate…

Africa’s much-trumpeted growth is a reality but not a quality growth — Dr. Calos Lopes

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Kinshasa, DR Congo, Capital Markets in Africa — The most urgent challenge faced by Africa at the present time is how to eradicate poverty while promoting prosperity. While we seem to be doing well on the latter front, with average economic growth of 5 per cent over the past decade – well above the global average – the picture is much less encouraging with regard to the fight against poverty. Africa’s much-trumpeted growth is a…

Billionaire denies being taken hostage in Mali terrorist attack

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Nigerian billionaire, Aliko Dangote has denied reports that he was taken hostage by terrorists in Mali. Dangote made the swift denial via his Twitter handle today, November 20, 2015. “Rumour about me being held hostage is false. I was in Mali yesterday. Thank you for your concern. My prayers with those involved,” the African billionaire tweeted. An earlier denial had also been reportedly made by Dangote’s aide, Anthony Chiejina who said that the billionaire was…

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