The Editorial Team |

Kenya’s Economic Growth Robust and to Grow by 6.5% in 2015 — IMF

Nairobi, Kenya, Capital Markets in Africa — Kenya’s economic growth has been robust despite headwinds from the global slowdown and ongoing domestic security problems, according to the International Monetary Fund (IMF) Country Report No. 15/269. However, the IMF revised its forecast for Kenya’s Gross Domestic Product (GDP) growth for 2015 from 6.9% to 6.5%, and trimmed 2016 figure from 7.2% to 6.8%. The Fund also revised inflation upwards to 6.4 percent from the previous projection of…

Nigerian Equity Markets | 23 Sep 2015: Rise ahead of Sallah Holiday…NSE ASI up 0.4%

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Lagos, Nigeria, Capital Markets in Africa — The stock market closed the week positive as DANGOTE CEMENT (+0.9%), NESTLE (+2.4%) and FORTE OIL (+3.4%) drove ASI 0.4% higher to close the week at 30,543.17pts, tempering YTD loss to -11.9%. Market capitalization added N43.6bn to close at N10.5tn. Market activity increased as volume traded rose 138.9% to 466.9m units while value traded improved 40.3% to N4.4bn. All sector indicators drifted northwards, save the Banking sector index…

Tanzania Equity Markets | 23 Sep 2015 : Dar es Salaam Stock Exchange witness the Bull, indices and market cap higher …

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DAR ES SALAAM Tanzania, Capital Markets in Africa — The Tanzania equity market witnessed the bullish sentiments at the end of Wednesday’s trading session with the equity market capitalization and All Share index ended higher. The equity market capitalization gained TZS 9.67 billion (about US$261.63 million) to end at TZS 22,162 billion relative to market capitalization of TZS 22,152 billion recorded at previous trading session. The Dar es Salaam Stock Exchange index (DSEI) sagged by…

Cote D’Ivoire Stock Markets | 23 Sep 2015: BRVM Equity indices end higher, investors pocket US$134 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 Wednesday, higher than the previous day. BRVM 10 index rose from 293.07 to 297.33 points, a gain of 1.45 percent. BRVM Composite index gained 1.07 percent to 296.60 against 293.45 points previously. The equity market capitalization added XOF 78 billion (about US$134 million) to close at XOF 7,319 billion relative to previous trading sessions’ market capitalization…

Kenya Equity Markets | 23 Sep 2015: Equity gains KES 3.2 Billion, All Share index higher

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Nairobi, Kenya Capital Markets in Africa — On Wednesday, the equity market capitalization closed at KES 2,069 billion after gaining KES 3.20 billion (c.US$30.3 million) or 0.15 percent from the market capitalization of KES 2,066 billion recorded at previous trading session. The Nairobi All Share Index added 0.16 percent or 0.23 points to end at 147.52 points but the Nairobi Securities Exchange (NSE20) index slumped by 4.84 points or 0.11 percent to close at 4,207.27 points. The FTSE…

Morocco Equity Markets | 23 Sep 2015: Casablanca Bourse in Eid al-Adha moods, Rewards investors US$430 Million …

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Casablanca, Morocco, Capital Markets in Africa — Morocco Equity Markets maintained the positive sentiment. The Moroccan benchmark stock index (measured as MASI Index) surged by 1.12 percent to close at 9,219.13 points (with a year-to-date performance to -4.17 percent) with total market capitalization at MAD 470.636 billion (an increase of MAD 4.2 billion or US$430 million relative to previous market capitalization of MAD 466.470). The market activity measured as total traded value was recorded at…

Mauritius Equity Markets | 23 Sep 2015 : Mauritius equity trading activities quiet, Indices unchanged

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PORT LOUIS, Mauritius, Capital Markets in Africa — The Bullish momentum returned to the Stock Exchange of Mauritius equity trading at the end of Wednesday’s trading session. As a result the equity market capitalization closed higher at MUR 213.191 by gaining MUR 2 million (US$56,022) relative to previous market capitalization of MUR 213.189 billion. However, the Mauritius All Share Index (SEMDEX index) and SEM10 index remained steady to close at previous level of 1,914.40 and 364.83 points respectively….

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