The Editorial Team |

Kenya Equity Markets | 08 Oct 2015: Losses Continue to the Seventh Day… NSE ASI down 0.21%…

Nairobi, Kenya Capital Markets in Africa — The Nairobi Securities Exchange equity markets have been in the red zone for seven consecutive trading days at the end of today’s trading session. The equity markets capitalization ended at KES 2,003 billion after losing KES 4.25 billion (c.US$41 million) or 0.21 percent from the market capitalization of KES 2,007 billion recorded at previous trading session. The Nairobi All Share Index slacked by 021 percent or 0.30 points to end at 142.40…

Cote D’Ivoire Stock Markets | 08 Oct 2015: BRVM Composite Index 0.45% down, BRVM 10 Index drops 0.53%, investors lose US$58 Mill …

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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 304 to 302.38 points, a drop of 0.53 percent. BRVM Composite index lost 0.45 percent at 301.28 points against 302.63 points previously. The equity market capitalization sagged by XOF 33.53 billion (about US$58 million) to close at XOF 7,434 billion relative to previous trading…

Morocco Equity Markets | 08 Oct 2015: Investors lose US$110 Million, All Shares Index 0.31% Lower, Most Active Shares Index 0.33% down …

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Casablanca, Morocco, Capital Markets in Africa —The bear continued to show supremacy at the Casablanca Bourse equity trading floor. The Moroccan benchmark stock index (measured as MASI Index) dropped 0.31 percent to end at 8,965.86 points (with a year-to-date performance to -6.80 percent) with total market capitalization at MAD 451.773 billion (a decrease of MAD 1.07 billion or US$110 million relative to previous market capitalization of MAD 452.840 billion). The market activity measured as total traded…

Mauritius Equity Markets | 08 Oct 2015 : Mauritius Investors lose MUR 932 Mill today, SEMDEX index 0.44% down …

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PORT LOUIS, Mauritius, Capital Markets in Africa — The negative sentiment entered its fourth day at the Stock Exchange of Mauritius equity markets trading session. The equity market capitalization ended at MUR 211.691 billion after dropping MUR 932 million (about US$26.2 million) compared to previous market capitalization of MUR 212.623 billion. The Mauritius All Share Index (SEMDEX index) fell by 0.44 percent or 8.37 points to close at 1,900.93 and SEM10 index sagged by 0.49 percent…

African Sovereign Eurobond September 2015 Review: Yield widening, US$449 Billion Amount Outstanding …

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Lagos, Nigeria, Capital Markets in Africa — The continued low oil and commodity price environment had doubled whammy on most African countries (especially commodity dependent countries) by reducing foreign earnings and depreciation of currency. New issuance from the continent dropped to $4.25 billion in the first nine months of 2015, with only Egypt (US$1.5 billion) Cote D’Ivoire (US$ 1 billion), Gabon (US$ 500 million) and Zambia (US$1.25 billion) coming to the market a disappointing figure relative to a of…

Ghana launches 15-yr US$1 billion Eurobond at 10.75% coupon rate

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ACCRA, Ghana, Capital Markets in Africa — Ghana launched a US$1 billion Eurobond on Wednesday at a 10.75 percent coupon rate, becoming the first country in sub-Saharan Africa outside of South Africa to issue a 15-year bond, Finance Minister Seth Terkper said in a statement. The bond was 100 percent oversubscribed showing a “high appetite for Ghana’s credit” and a World Bank partial bond guarantee of $400 million enabled Ghana “to borrow on reasonable terms…

Nigerian Equity Markets | 07 Oct 2015: Losses Continue to the Fourth Day… NSE ASI down 0.6%

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Lagos, Nigeria, Capital Markets in Africa — The All Share Index –ASI – continued into its fourth day of losses, shedding 0.6% to settle at 30,141.06pts. In like manner, market capitalisation declined N65.2bn to close at N10.4tn. The weakening in the index was against value depreciation in GUARANTY (-4.4%), FORTE OIL (-3.6%) and ZENITH (-1.8%). Market activities were however mixed as volume waned 12.7% to 262.2m units while value rose 24.2% to settle at N3.8bn….

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