The Editorial Team |

Cote D’Ivoire Stock Markets | 21 Oct 2015: BRVM equity market cap and indices end higher, transportation index 5.33% down …

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 302.43 to 305.73 points, a gain of 1.09 percent. BRVM Composite index gained 0.63 percent at 305.41 points against 303.50 points previously. The equity market capitalization gained XOF 47.2 billion (about US$81million) to close at XOF 7,536 billion relative to the previous trading sessions’…

World Bank Revises Down Forecasts for Oil Prices, Key Commodities in 2015 and 2016

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Lagos, Nigeria, Capital Markets in Africa — In its latest commodity update, the World Bank is lowering its 2015 forecast for crude oil prices from $57 per barrel in its July report to $52 per barrel. The revised forecast reflects a further slowing in global economic performance, high current oil inventories, and expectations that Iranian oil exports will rise after the lifting of international sanctions, according to the Bank’s new Commodity Markets Outlook, a quarterly update on the state of the international commodity markets. The…

Morocco Equity Markets | 21 Oct 2015: Morocco equity markets stay in red district … Market cap MAD 2 billion, indices down

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Casablanca, Morocco, Capital Markets in Africa —On Wednesday, the bearish trends persisted at the Casablanca Stock Exchange equity trading session. The Moroccan benchmark stock index (measured as MASI Index) waned by 0.49 percent to end at 8,985.03 points (with a year-to-date performance to -6.60 percent) with total market capitalization at MAD 452.963 billion (a decrease of MAD 1.9 billion or US$198 million relative to the previous market capitalization of MAD 454.870 billion). The market activity measured…

Mauritius Equity Markets | 21 Oct 2015: Bearish momentum rules on the Stock Exchange of Mauritius … company caps MUR 2 million lower

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PORT LOUIS, Mauritius, Capital Markets in Africa — On Wednesday, the Stock Exchanges of Mauritius retreated to red zone after maintained positive trend from two day. The equity market capitalization closed at MUR 208.004 billion after dropping MUR 176 million (about US$5 million) compared to the previous market capitalization of MUR 208.180 billion. The Mauritius All Share Index (SEMDEX index) waned by 0.08 percent or 1.58 points to close at 1,867.83 and SEM10 index dipped by 0.04 percent…

Bank of Namibia maintains Repurchase Rate at 6.50 percent, amid of strong foreign reserves

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Windhoek, Namibia, Capital Markets in Africa — Bank of Namibia keeps the Repurchase (Repo) rate unchanged at 6.50 percent at the Monetary Policy Committee meeting held on the 20th October 2015 , according to Monetary Policy Committee (MPC) statement issued by Deputy Governor of the Bank, Mr. Ebson Uanguta. In the statement, the decision to keep the rate at 6.50 percent was underpinned by the recent improvement in the key economic indicators despite weak activities…

South Africa Equity Markets | 20 Oct 2015: South Africa equity ends in red, losses across sectors …

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JOHANNESBURG, South Africa, Capital Markets in Africa — Negative sentiment continued on the Johannesburg Stock Exchange (JSE) equity trading at the end of Tuesday’s trading session. The Johannesburg Stock Exchange (JSE) All Share index sagged by 0.57 percent or 303.91 points to end at 52,880.16 points. The JSE Top 40 index also declined by 0.65 percent or 309.83 points to end at 47,410.34 points. From the sector perspectives, JSE financial sector index dipped by 0.51 percent to…

Ghana Equity Markets | 20 Oct 2015: Ghana Stock Market Cap US$3 million down, indices marginally fall …

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Accra, Ghana, Capital Markets in Africa — On Tuesday the Ghanaian Stock Exchange (GSE) equities closed with negative momentum, as a result the market capitalization fell by GHS 9.5 million to close at GHS 62,071 million compared to a market capitalization of GHS 62,080 recorded at the previous trading session.3 The benchmark composite index dropped 1.74 points or 0.09 percent to close the day at 1,988.91 points, representing a year-to-date performance 0f -12.03 percent. The financial Index also sagged by 1.58 points…

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