Market Watch | - Part 191

Nigeria Market Watch | May 11th 2015: Nigerian Equities Extend Bearish Run

The Nigerian Equities Market opened the week on a bearish note as the All Share Index (ASI) extended its bearish run to the sixth day. The ASI dipped 13bps to close at 34,342.07 points while market capitalization also shed 0.1% to N11.7tn. Today’s performance was amidst sell pressure in some banking stocks – UNITY (-9.5%) and ZENITH (-1.4%) – and profit-taking in ETI (-5.0%). Sell pressure dragged the ASI down to 34,213.25 points at Mid-day…

Egypt Market Watch | May 11th 2015: Egyptian Stock Exchange ends on negative territory

Posted on by The Editorial Team

The Egyptian Stock Exchange (EGX) ended on negative territory with market capitalization lost about EGP 147 million to close at EGP 499.285 billion. The benchmark index EGX30 remained flat to close at 8,691.85pts as a result of weak trading volume and thin liquidity. The small and mid-cap index EGX70 went down by 0.25% to 468.97 points and the broader EGX100 edged down by 0.36% to 965.07 points. The market sentiment was negative today (measured as…

Egypt Market Watch May 10th 2015: Egypt Equities lose EGP 2.2bn on dull trades

Posted on by The Editorial Team

The Egyptian Exchange (EGX) indices retreated collectively on Sunday amid a lack of positive catalysts, while the market capitalization lost nearly EGP 2.2 billion ($289.6 million). The benchmark index EGX 30 index erased its early gains, falling 0.58% or 50.4 points to 8,692 points. While the small and mid-cap index EGX 70 index lost 0.2% to 470.15, and the broader EGX 100 declined 0.01% to 968.53 points. Sunday’s turnover amounted to EGP…

Mauritius Market Watch: Week Ended 8th May, 2015

Posted on by The Editorial Team

Port Louis, Mauritius (Capital Markets in Africa):- The official indices remained almost unchanged this week. The Semdex was flat at 1955.83 points while the SEM-10 index increased slightly by 0.1% 371.39 points respectively. Overall market turnover amounted to Rs367.0m (USD 10.5m), geared towards MCBG and SBMH which contributed 78.7% to weekly turnover. Foreign investors were net sellers to the tune of Rs142.1m. MCB Group saw a total volume of 0.922 million shares traded over the week…

African Stock Market Performance at the end of April, 2015

Posted on by The Editorial Team

African stock market performance across the region has remained fairly buoyant in 2015 (i.e. at the end of April 2015) for local investors. The exceptions were Mauritius (depreciated by 5.7%), Zimbabwe (lost 4.0%), Egypt (declined by 2.8%) and Zambia (down by 0.5%). It ended, however, in the negative region for Forex adjusted returns (in US dollar)due to the depreciation of most African currencies against the US dollar during the period under review. This depreciation is attributed to…

Nigeria Market Watch: Week Ended 8th May, 2015

Posted on by The Editorial Team

Nigerian Stock Market Weekly Summary and Outlook The Nigerian Stock Market sustained a downward trend throughout the week. NSE ASI closed the week at 0.8% lower compared to previous week’s return, hence index level berthed at 34,388.12 points despite the streams of quarterly results that were released. Likewise, YTD return swung back negative, settling at 0.8%. Market activity however improved as total volume for the week rose 35.5% W-o-W to 1.6bn units while value traded…

Nigeria Market Watch: Week Ended 30th April, 2015

Posted on by The Editorial Team

Weekly Equities Market Review and Outlook The Nigerian Stock Market traded predominately in the red save for the last trading day this week erasing previous losses. The streams of positive quarterly results that were released gradually boosted investors’ sentiment most especially on Thursday (+1.9%). As a result, the NSE-ASI advanced 0.6% WTD settling at 34,708.11 points at the close of trade this week. Likewise MTD and YTD swung positive at 9.3% and 0.1% respectively. On…

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