The Editorial Team |

Cote D’Ivoire Stock Markets | 11 Nov 2015: Equity ends in the north zone, investors US$50 million richer ….

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Wednesday higher than the previous day. BRVM 10 index rose from 298.17 to 299.13 points, a gain of 0.32 percent. BRVM Composite index gained 0.40 percent at 304.75 points against 303.53 points previously. The equity market capitalization gained XOF 30 billion (about US$50 million) to close at XOF 7,520 billion relatively to the previous trading…

Egypt Equity Markets | 11 Nov 2015: Egyptian equity extended losses for the fourth day, shareholder values US$162 million down …

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Cairo, Egypt, Capital Markets in Africa — The Egyptian Exchange (EGX) equity extended losses for the fourth day in a row at the end of Wednesday’s trading session. The market capitalization to close at EGP 424.533 billion after losing EGP 1.3 billion (US$162 million) relatively to EGP 425.828 billion recorded at previous trading session. The benchmark index EGX30 fell by 0.33 percent or 22.84 points to end 6,801.90 points. Equally, the equal-weighted indexes EGX50 fell by 0.52 percent or…

Morocco Equity Markets | 11 Nov 2015: Bull appears on the Moroccan equity markets, investors gains US$253 million

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Casablanca, Morocco, Capital Markets in Africa —Casablanca Stock Exchange equity trading session backed to bullish mood after stayed in the bearish sentiment for just a day. The Moroccan benchmark stock index (measured as MASI Index) advanced by 0.61 percent to close at 9,268.27 points (with a year-to-date performance to -4.24 percent). The equity market capitalization closed at MAD 466.252 billion (an increase of MAD 2.45 million or US$253 million relatively to the previous market capitalization of…

Breaking News: Nigerian President named himself Minister of Petroleum, Kemi Adeosun in-charge of Finance …

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Abuja, Nigeria, Capital Markets in Africa — The Nigerian President Muhammadu Buhari has finally announced the long-awaited portfolios of ministers, who were sworn in on Wednesday, at the Presidential Villa, Abuja. President Buhari named himself Minister of Petroleum, while Ibe Kachikwu was named Minister of State for Petroleum (currently in charge of Nigerian National Petroleum Corporation). The President also announced Kemi Adeosun (former Commission of Finance, Ogun State) to be in-charge of Finance Ministry. Adeosun faces an uphill task to…

South Africa Equity Markets | 10 Nov 2015: JSE equity trading floor paints in red, resource index 3.23% down …

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Johannesburg, South Africa Capital Markets in Africa —On Tuesday, Johannesburg Stock Exchange (JSE) equity trading ended in the negative territory. The JSE All Share (the broadest measure of the equity market performance) declined by 1.51 percent or 805.73 points to trade at 52,565.50 points and the JSE Top 40 index ended 1.59 percent or 763.02 points lower to close at 47,201.94 points. The financial sector index sagged 0.84 percent or 688.07 points to close at 44,018.84 points. Industrial sector…

Kenya Equity Markets | 10 Nov 2015: Positive sentiment extends for the second trading, All-Share index 0.50% higher …

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Nairobi, Kenya Capital Markets in Africa — Positive sentiment extended for the second trading session, the equity market capitalization closed at KES 1,988 billion after adding KES 9.89 billion (c.US$96.8 million) or 0.50 percent from the market capitalization of KES 1,978 billion recorded at the previous trading session. The Nairobi All Share Index surged by 0.50 percent or 0.70 points to end at 141.34 points but the Nairobi Securities Exchange (NSE20) index lost 5.31 points or 0.14 percent…

Nigerian Equity Markets | 10 Nov 2015: Sell-down Pressure Persists in the Bourse… ASI Sheds 0.6%

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian equity market closed southwards today as sentiment swung negative, extending the bearish run in the market which has seen the All Share Index closing negative on 13 out of the last 15 trading sessions. The All Share Index (ASI) declined 64bps today to close at 28,981.12 points whilst YTD loss rose to16.4% – pressured by sell-down pressure in NIGERIAN BREWERIES (-4.1%), ZENITH (-4.0%), FORTE OIL (-2.8%), STANBIC…

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