The Editorial Team |

Africa Equity Weekly | 13 Nov 2015: Uganda, Kenya in the positive but Egypt, Nigeria, South Africa in the red zone …

Lagos, Nigeria, Capital Markets in Africa — It was a bearish mood this week for most equity markets as news flows from several markets dampened investors’ sentiments. Equally, the impressive US October jobs report released last week which moved the US Fed closer to raising its benchmark interest rate during its next meeting in December further spurred sell-offs in equities. The African equity markets ended in the red zone at the end of Friday 13 November 2015,…

Moody’s affirms Gabon’s Ba3 ratings; outlook stable

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Libreville, Gabon, Capital Markets in Africa —- Moody’s Investors Service has today affirmed the Republic of Gabon’s Ba3 issuer and government bond ratings. The outlook is stable. The key drivers behind Moody’s decision to affirm the Ba3 ratings are: (1) Moody’s expectation that the oil shock-induced deterioration in the government’s debt profile will reverse from 2017 onwards and will remain in line with similar rated peers; (2) the country’s membership of the Economic and Monetary…

Nigerian Equity Markets | 12 Nov 2015: Equities Market Pullback on Loss in NIGERIAN BREWERIES…. ASI Drops 74bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market retreated into the negative territory after the marginal gain recorded yesterday as the All Share Index (ASI) declined 74bps to close at 28,798.67pts, whilst market capitalization shed N74.3bn to close N9.9bn. Consequently, MTD and YTD losses widened to 1.3% and 16.9%. The pullback in the broader index was majorly due to the sustained sell-pressure in NIGERIAN BREWERIES (-2.3%) and depreciations in WAPCO (-4.0%) and ETI…

Kenya Equity Markets | 12 Nov 2015: Kenya Equity Markets stay green, investors reward with US$92 million

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Nairobi, Kenya Capital Markets in Africa — The bullish mood continued for another day, the equity market capitalization ended at KES 2,023 billion after adding KES 9.4 billion (c.US$92.1 million) or 0.47 percent from the market capitalization of KES 2,013 billion recorded at the previous trading session. The Nairobi All Share Index rose by 0.47 percent or 0.67 points to end at 143.79 points but the Nairobi Securities Exchange (NSE20) index lost 2.48 points or 0.06 percent to…

Egypt Equity Markets | 12 Nov 2015: Egyptian equity ends in green, market cap US$90 million higher …

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Cairo, Egypt, Capital Markets in Africa — The market capitalization to close at EGP 425.237 billion after losing EGP 704 million (US$90 billion) relatively to EGP 424.533 billion recorded at the previous trading session. The benchmark index EGX30 added 0.07 percent or 4.77 points to end 6,806,67 points. Equally, the equal-weighted indexes EGX50 grew by 0.46 percent or 5.28 points to end at 1,151.97 points (with a year-to-date of -35.97 percent). EGX70, which measures small and mid-cap index, rose by 0.81…

Cote D’Ivoire Stock Markets | 12 Nov 2015: Bear visits the BRVM Bourse, Market Capitalization US$18 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 Thursday lower than the previous day. BRVM 10 index decreased from 299.13 to 298.70 points, a drop of 0.14 percent. BRVM Composite index lost 0.15 percent at 304.29 points against 304.75 points previously. The equity market capitalization dropped XOF 11 billion (about US$18 million) to close at XOF 7,509 billion relative to the previous trading…

Morocco Equity Markets | 12 Nov 2015: Equity Shareholder value depletes by US$131 million, MASI index 0.33% lower …

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Casablanca, Morocco, Capital Markets in Africa —Casablanca Stock Exchange equity trading session ended in red. The Moroccan benchmark stock index (measured as MASI Index) sagged by 0.33 percent to close at 9,237.97 points (with a year-to-date performance to -3.97 percent). The equity market capitalization closed at MAD 465.350 billion (an increase of MAD 1.28 million or US$131 million relatively to the previous market capitalization of MAD 466.252 billion). The market activity measured as total traded value…

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