Market Watch | - Part 198

African Market Watch: Tuesday, 24th February 2015

Egypt: The Egyptian Exchange (EGX) indices have closed on mixed note today, as the market capitalization added EGP71mn amid lack of new economic catalysts. Today’s trades came to approve that resistance level of 9675 pts is considered a strong barrier, as the benchmark halted in breaking above it for the second session in row. The benchmark EGX30 (30 well-capitalised companies) inched up 0.11% to close at 9,611.66pts. The EGX70, which measures small and mid-cap stocks,…

African Market Watch: Monday, 23rd February 2015

Posted on by The Editorial Team

Egypt: The Egyptian stock market closed on positive note, with the EGX 20 capped index, EGX 30 index and increased by 1.02%, 1.12% and 0.18% respectively. Today’s top gainer today is Egyptian Company for Mobile Service, rising 10.0% to close at LE 178.93 and the top loser is Egyptian International Pharmaceutic which shaved off 8.57 percent to close at LE 78. Foreign buys and sales stood at 11.2% and 9.9% respectively of total turnover (LE 505.03…

African Market Watch: Friday, 20th February 2015

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Nigeria: The Nigerian bourse extended its gaining streak today for the fifth consecutive day despite profit taking by short term investors. Today’s gain was sustained on the back of price appreciation in banking equities – Guaranty (0.8%), FBNH (0.4%) and UBA (0.3%). As a result, the NSE-ASI appreciated 35bps to close at 29,383.93 moderating YTD loss to15.2%. Likewise, the market capitalization added N34.0bn to close at N9.8tn. However, trading activities measured by market volume and…

African Market Watch: Thursday, 19th February 2015

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Kenya: The NSE 20 gained 27.77 points in today’s trading to close at 5,473.81, as telecommunication giant Safaricom touched an all-time high and beer maker East African Breweries Limited (EABL) traded at the highest price in the last one year. While the Nairobi All Share Index went up 1.48 points to close at 175.65. The top gainer today was Limuru Tea, rising 9.54 percent to close at KES 1,114.00. The top loser was Pan Africa Insurance,…

Nigeria’s equity positive momentum tapers: 19 Feb 2015

Posted on by The Editorial Team

NSEASI up 36bps There was a moderation in gains today in the Nigerian Equity Market as the All Share Index advanced 36bps and closed at 29,282.04pts after trade. Market capitalisation also added N34.9bn to close at N9.8tn. Despite the sell down in Dangote Cement (1.8%) which weighted down the market, gains in Nestle (3.6%), Lafarge (4.9%) and Nigerian Breweries (1.1%) delivered the marginal appreciation in the benchmark index today. As today’s market performance was largely…

African Market Watch: Wednesday, 18th February 2015

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Kenya: The NSE 20 increased by 42.32 points in today’s trading to close at 5,446.04. The NASI Index went up 1.27 points to close at 174.17. The top gainer today was Kakuzi, rising 8.25 percent to close at KES 315.00. The top loser was BOC Kenya, shaving off 5.66 percent to close at KES 150.00. At the close of the day’s trading, volumes of shares traded were recorded at 31.04mn shares, up 68.88 percent. Turnover…

Nigerian equity bull continues: 18 Feb 2015

Posted on by The Editorial Team

NSE-ASI up 255bps. The Nigerian equity market today extended its 2-day rally in large cap stocks as the broader market Index advanced 255bps to close 29,177.58pts, paring the NSE-ASI YTD loss to15.8%. Similarly, market capitalisation added N241.9bn to close at N9.7tn. However, market activities measured by volume and value declined 15.2% and 0.3% to close at 424.3m units and N3.5bn respectively. Broad Sector Gains Persist All sector indices sustained their positive momentum today. The Banking…

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