The Editorial Team |

Morocco Equity Markets | 19 Nov 2015: Morocco equity indices end higher, investors pocket US$68 million

Casablanca, Morocco, Capital Markets in Africa —Positive sentiment returned to the Casablanca Stock Exchange at the end Thursday’s trading session. The Moroccan benchmark stock index (measured as MASI Index) advanced by 0.15 percent to close at 9,192.85 points (with a year-to-date performance to -4.44 percent) and the equity market capitalization ended at MAD 462.330 billion (a drop of MAD 670 million or US$67.7 million relative to previous market capitalization of MAD 461.660). The market activity measured…

South Africa Reserve Bank hikes Repo Rate to curtail inflation and strengthen rand …

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Johannesburg, South Africa, Capital Markets in Africa — The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) unexpectedly raised the Repurchase Rate by 25 basis points to 6.25 percent, according to the press release issued on Thursday 19 November 2015 and signed by the SARB Governor Lesetja Kganyago. The MPC also lowered its inflation and growth forecasts for 2015, it also warned of the risk of price pressures spreading because of a weakening rand…

Mauritius Equity Markets | 19 Nov 2015: Mauritius equities continue to shed blood…market cap loses US$44 million …

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PORT LOUIS, Mauritius, Capital Markets in Africa — Negative sentiment persisted on the Stock Exchange of Mauritius equity markets at the end of Thursday’s trading session. The equity market capitalization closed at MUR 203.293 billion after losing MUR 1.7 billion (about US$44 million) relatively to the previous market capitalization of MUR 205.117. The Mauritius All Share Index (SEMDEX index) dipped by 0.37 percent or 6.72 points to end at 1,825.49 and SEM10 index plummeted by 0.44…

Uganda’s 2015/2016 Fiscal Year GDP Forecast slashes to 5% from 5.8% — IMF

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KAMPALA, Uganda, Capital Markets in Africa — The International Monetary Fund (IMF) revised Uganda’s growth forecast for the 2015/16 (July-June) fiscal year to 5 percent from the 5.8 percent it predicted in May, according to the press statement released by the IMF on November 18 2015. The Fund attributed the cut in GDP to the global and regional challenges, compounded by election-related uncertainties, the shilling depreciated sharply, driving an increase in inflation (annual core inflation…

Actis, RMB Westport and Paragon sell Nigeria’s Ikeja City Mall to Hyprop and Attacq

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LAGOS, Nigeria, Capital Markets in Africa — Actis, an emerging markets investor, RMB Westport, a notable sub-Saharan Africa real estate investment management and development group and Paragon Holdings, a leading Nigerian investor group today confirm the sale of Ikeja City Mall to South African Real Estate Investment Trust (REIT), Hyprop Investments Limited (Hyprop) and Attacq Limited (Attacq), a JSE-listed real estate capital growth fund. Hyprop acquired a 75% interest in Ikeja City Mall and Attacq…

Nigerian Equity Markets | 18 Nov 2015: How Much Lower and When to Stop? …NSE ASI down 47bps

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Lagos, Nigeria, Capital Markets in Africa — The bears’ hold on the Nigerian bourse was tightened today as the All Share Index trended further southwards, losing 0.5% to settle at 28, 219.44 points, an 11-week low. The poor performance of the market today was broadly driven by the persistent sell-offs in NIGERIAN BREWERIES (-1.5%) as well as losses in FORTE OIL (-5.0%) and STANBIC (-4.9%). Capitalization in the market also depreciated N45.3bn to berth at N9.7tn….

Egypt Equity Markets | 18 Nov 2015: Bullish Sentiment Rules the Equity Markets, Market Cap US$100 Mill Higher …

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Cairo, Egypt, Capital Markets in Africa —– Egyptian Exchange returned to the North Pole at the end of Wednesday’s trading session as both indices and market capitalization ended higher. The equity market capitalization added EGP 882 million (nearly US$110 million) to end at EGP 418.348 billion from EGP 417.466 billion recorded at the previous day trading session. The benchmark index EGX30 grew by 6.64 points or 0.10 percent to end 6,413.97 points. The equal-weighted indexes EGX50 added 0.61 percent…

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