The Editorial Team |

South Africa Equity Markets | 14 Oct 2015: South African stock market wanes, South African rand wax stronger ….

JOHANNESBURG, South Africa, Capital Markets in Africa — Negative sentiment continued on the Johannesburg Stock Exchange (JSE) equity trading at the end of Wednesday’s trading session. The Johannesburg Stock Exchange (JSE) All Share index marginally lost 0.01 percent or 4.00 points to end at 53,059.06 points. Also, the JSE Top 40 index sagged by 0.07 percent or 31.72 points to end at 47,612.14 points. From the sector perspectives, JSE financial sector index dipped by 0.29 percent to…

Nigerian Equity Markets | 14 Oct 2015: NSE ASI drops 1.3%, key sector indices lower …

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Lagos, Nigeria, Capital Markets in Africa — Nigerian All Share Index (ASI) continued its losing streak, tumbling 1.3% to close at 29,668.16 points driven by profit taking primarily in DANGOTE CEMENT (-2.4%), GUARANTY (-2.7%) and NIGERIAN BREWERIES (-1.1%). However, we note that ex DANGOTE CEMENT, there would have been a moderation in the ASI decline to 0.9%. Similarly, market capitalisation weakened N134.1bn to close at N10.2tn as turnover worth N1.6bn was realized in 160.6m units of shares….

Kenya Equity Markets | 14 Oct 2015: Bear maintains supremacy, Equity Group share drops 8.1% …

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Nairobi, Kenya Capital Markets in Africa — The Bear maintained the supremacy at the end of today’s trading session to stay in the South Pole. The equity market capitalization ended at KES 1,917 billion after losing KES 50 billion (c.US$484 million) or 2.54 percent from the market capitalization of KES 1,967 billion recorded at previous trading session. The Nairobi All Share Index crashed by 2.53 percent or 3.54 points to end at 136.33 points and the Nairobi Securities…

Cote D’Ivoire Stock Markets | 14 Oct 2015: BRVM Equity indices end higher, distribution sector gains 1% …

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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 Wednesday higher than the previous day. BRVM 10 index rose from 302.42 to 303.81 points, a gain of 0.46 percent. BRVM Composite index gained 0.35 percent at 303.26 points against 302.20 points previously. The equity market capitalization rose by XOF 26 billion (about US$45 million) to close at XOF 7,483 billion relative to previous trading…

Morocco Equity Markets | 14 Oct 2015: Morocco stock traders smile home with US$158 million …

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Casablanca, Morocco, Capital Markets in Africa —Casablanca Stock Exchange backed to positive region after just a day in positive zone. The Moroccan benchmark stock index (measured as MASI Index) pulled up by 0.37 percent to end at 9,022.65 points (with a year-to-date performance to -6.21 percent) with total market capitalization at MAD 454.390 billion (an increase of MAD 1.52 billion or US$158 million relative to previous market capitalization of MAD 452.870 billion). The market activity measured as…

Mauritius Equity Markets | 14 Oct 2015: Mauritius equity suffers further loses, SEMDEX and SEM 10 indices lower …

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PORT LOUIS, Mauritius, Capital Markets in Africa — Bear mood persisted at the end of today’s trading session. The equity market capitalization ended at MUR 208.511 billion after dropping MUR 1.29 billion (about US$36.1 million) compared to previous market capitalization of MUR 209.798 billion. The Mauritius All Share Index (SEMDEX index) sagged by 0.61 percent or 11.56 points to close at 1,872.38 and SEM10 index dropped 0.72 percent 2.57 points to end at 356.94 points. From…

Egypt Seeks US$3 Billion World Bank Loan to Support Budget

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Cairo, Egypt, Capital Markets in Africa — Egypt will receive a US$3-billion loan from the World Bank in installments over the next three years to support the state’s budget, Finance Minister Hany Dimian said on the side-lines of an economic conference on Wednesday. “The government is aware of the economic conditions which we’re passing through, and there is a deficit in the budget and we have to handle it gradually,” Prime Minister Sherif Ismail said…

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