Market Watch

Daily African equity markets watch in Botswana Stock Exchange, Cote D’Ivoire, Egyptian Exchange, Ghana Stock Exchange, Nairobi Securities Exchange Kenya, Nigerian Stock Exchange, Casablanca Bourse Morocco, Johannesburg Stock Exchange South Africa, Zimbabwe Stock Exchange, Lusaka Stock Exchange Zambia, Dar Es Salaam Stock Exchange Tanzania, Ugandan Stock Exchange and Rwanda Stock Exchange

World’s Biggest Stock Surge After Fed Hike Isn’t Done Yet

Posted on by The Editorial Team
World’s Biggest Stock Surge After Fed Hike Isn’t Done Yet

CAIRO (Capital Markets in Africa) – Egyptian stocks are shrugging off emerging-market losses to post the world’s biggest gains since the Federal Reserve raised interest rates. The rally may extend into 2017, according to EFG-Hermes Holding. The nation’s Nov. 3 decision to float its currency, effectively cutting its value by half, has unleashed the biggest inflows of foreign investment into the stock market since the 2011 Arab Spring. The pound’s weakness has kept the benchmark EGX 30 Index trading at a discount…

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Nigerian Equity Markets | 15 Dec 2016: Banking Stocks Drive Index Higher, SE ASI up 0.6%

Posted on by The Editorial Team
Nigerian Equity Markets | 15 Dec 2016: Banking Stocks Drive Index Higher, SE ASI up 0.6%

LAGOS (Capital Markets in Africa) – The equities market recorded gains for the 6th consecutive trading session today as the All Share Index expanded 0.6% to close at 26,559.01 points consequent on price appreciations in Banking Stocks such as UBA (+4.8%), GUARANTY (+4.4%) and ZENITH (+1.6%). Accordingly, market capitalization rose N52.1bn to settle at N9.2tn though market activity waned as volume and value traded declined 2.6% and 64.9% to close at 200.0m units and N1.5bn respectively. Banking Sector Emerges Lone Gainer…

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Egypt Market Watch | Dec 15 2016: Egyptian Stock ends in green zone

Posted on by The Editorial Team
Egypt Market Watch | Dec 15 2016: Egyptian Stock ends in green zone

Cairo (Capital Markets in Africa) – The Egyptian Exchange finished Thursday’s trading session on a higher note, backed by foreign investors’ purchases. The main index EGX30 edged up 8.9 points or 0.08% to 11,326.03 points. The small and mid-cap EGX70 inched up 0.24% to 451.71 points. The broader index EGX100 ended higher 0.14% to 1,064.36 points and the equal-weighted index increased 5.8 points or 0.32% to 1,819.8 points. Market capitalization added EGP 571.06 billion to…

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Nigerian Equity Markets | 14 Dec 2016: Equities Rally on Stronger Buy Sentiment, NSE ASI up 1.3%

Posted on by The Editorial Team
Nigerian Equity Markets | 14 Dec 2016: Equities Rally on Stronger Buy Sentiment, NSE ASI up 1.3%

LAGOS (Capital Markets in Africa) – The bullish sentiment in the Nigerian equity market was sustained as the All Share Index further appreciated 1.3% today to close at 26,407.64 points. Performance was largely driven by price appreciation in DANGCEM (+1.9%), FORTE (+10.2%), SEPLAT (+6.7%) and GUARANTY (+3.0%). Consequently, market capitalization grew N115.7bn to close at N9.1tn. Activity was however mixed as volume traded declined 45.5% to 205.3m units and value traded surged 77.4% to N4.3bn with a total of 3,275 deals. Consumer Goods…

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Nigerian Equity Markets | 13 Dec 2016: Nigerian Bourse Sustains Bullish Sentiment… NSE ASI up 1.0%

Posted on by The Editorial Team
Nigerian Equity Markets | 13 Dec 2016: Nigerian Bourse Sustains Bullish Sentiment… NSE ASI up 1.0%

LAGOS (Capital Markets in Africa) – The positive performance in the Nigerian equities market was extended into the fourth consecutive trading session as the All Share Index (ASI) rose 1.0% to close at 26,071.16 points. Accordingly, market value improved by N87.2bn as market capitalization rose to N9.0tn. Market performance was majorly buoyed by gains in SEPLAT (+10.3%), FORTE (+10.2%) and GUARANTY (+2.0%). Market activity also surged as volume and value traded rose 247.1% and 47.3% to close at 376.7m units and…

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Top Ghana Fund Sees Yields Headed for 2-Year Low After Election

Posted on by The Editorial Team
Top Ghana Fund Sees Yields Headed for 2-Year Low After Election

ACCRA (Capital Markets in Africa) – Ghana’s uncontested presidential vote will probably help spur the yield on its dollar debt to the lowest level since 2014, according to the nation’s biggest private fund manager. “Given the decisiveness of the numbers and how widely apart they are, it just shows investors that there’s no need to continue to price in any risk of a potential dispute,” said Courage Kingsley Martey at Accra-based Databank Group Ltd, the…

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Nigeria Capital Markets Update Week Ending Dec 9 2016

Posted on by The Editorial Team
Nigeria Capital Markets Update Week Ending Dec 9 2016

Equities Market Review and Outlook The Nigerian equities market sustained a positive outing for the second consecutive week as the benchmark index rose 0.3% W-o-W to settle at 25,817.69 points.  The All Share Index (ASI) recorded marginal gains on all trading days of the week save for Tuesday when the ASI dipped 0.3% on account of profit taking. Overall performance was largely driven by significant interest in FORTE (+62.8%) which touched a record low in…

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