The Editorial Team |

Nigerian Equity Markets | 30 Oct 2015: Nigerian Equities end the week negative … NSE ASI 90bps lower

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market ended the week negative, closing the last trading session for the week 0.9% lower as the All share Index settled at 29,190.54pts, sustaining a week-long of bearish sentiment. Market capitalisation equally shed N87.4bn to berth at N9.9tn for the week. Today’s decline remained on account of sell pressure on OANDO. We observed that the Oil and Gas Stock has plunged 40.0% since the submission of…

Cote D’Ivoire Stock Markets | 30 Oct 2015: Bear stays on the BRVM bourse, market cap US$65mn lower and BRVM composite index 0.50% down …

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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 Friday lower than the previous day. BRVM 10 index decreased from 303.75 to 301.47 points, a drop of 0.75 percent. BRVM Composite index lost 0.50 percent at 303.31 points against 304.84 points previously. The equity market capitalization plunged by XOF 37.6 billion (about US$65 million) to close at XOF 7,485 billion relative to the previous…

Morocco Equity Markets | 30 Oct 2015: MASI Index closes higher, traders pocket US$193 Million …

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Casablanca, Morocco, Capital Markets in Africa —On Friday, the equity trading ended in positive both the market indices and market capitalization closed higher. The Moroccan benchmark stock index (measured as MASI Index) surged by 0.54 percent to close at 9,081.80 points (with a year-to-date performance to -5.60 percent) with total market capitalization at MAD 457.646 billion (gains f MAD 1.86 billion or US$193 million relatives to previous market capitalization of MAD 455.782). The market activity measured…

Moody’s says Nigeria’s Sterling Bank’s credit profile likely to be resilient to downside risks

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London, Capital Markets in Africa — Nigeria’s Sterling Bank Plc is likely to remain resilient to downside risks despite its rising problem loans, says Moody’s Investors Service in a report published today. Moody’s outlook on the bank is stable for the next 12-18 months. “The bank reported 1H2015 results that show a continued upward trend in the bank’s non-performing loans (NPLs) and highlights vulnerabilities in the bank’s asset quality given its rapid loan growth in…

Mauritius Equity Markets | 30 Oct 2015 : SEDMEX, SEM10, DEMEX indices and Market capitalization end higher …

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PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius equity markets trading closed the week in a positive mood. The equity market capitalization ended at MUR 209.520 billion. The Mauritius All Share Index (SEMDEX index) grew by 0.07 percent or 1.36 points to close at 1,881.44 and SEM10 index advanced by 0.14 percent or 0.51 points to end at 361.11 points. From the market activity viewpoint, the overall total volume trade ended at…

Adenia Partners exits Hôtel du Louvre investment and Newpack

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Port Louis, Mauritius, Capital Markers in Africa — Adenia Partners, a private equity firm investing in Sub-Saharan Africa, has exited its investment in Hôtel du Louvre, a flagship business hotel located in Antananarivo, the capital city of Madagascar, to a group of local investors. During the life of this investment, Adenia Partners transformed the formerly 2-star hotel into a 4-star hotel with 78 rooms and a solid international corporate client base. With significant upgrades to…

Nigerian Equity Markets | 29 Oct 2015: Nigerian Equities Sustains Losing Momentum… NSE ASI sheds 70bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian equity market has sustained its bearish momentum following weak earnings results and regulatory sanctions which have doused investors’ confidence, resulting into a further 70bps decline in the benchmark — All Share Index — to close at 29,189.22 points, whilst market capitalization shed N71.2bn to N10.0tn. Consequently, Month to Date and Year to Date closed southwards at -6.5% and -15.8%. The weakening in the benchmark equities indicators today was…

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