Market Watch | - Part 38

Nigerian Equity Markets | 15 Mar 2016: Nigerian Bourse Closes Lower on Profit Warning… NSE ASI down 0.4%

LAGOS, Nigeria, Capital Markets in Africa — At the end of today’s trading session, the All Share Index declined 0.4% to close at 24,745.13 points as the Nigerian bourse continued its retreat into the negative zone. Congruent to the ASI, market capitalization also declined N37.3bn to settle at N8.9tn. Today’s decline was driven by price depreciation in key Banking counters such as ETI (-9.7%), DIAMOND (-8.8%) and GUARANTY (-2.5%) as ETI issued a profit warning…

Foreign and Local Investors abandon Nigerian Stocks ….

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa — Total equity transactions at the Nigerian Stock Exchange decreased by 23.93% from N110.56 billion recorded in December 2015 to N84.1 billion (about US$0.43 billion) in January 2016. In comparison to the same period in 2015, total transactions decreased by 55.67% from the N189.72 recorded in January 2015, the figure released by the bourse. In addition, domestic investors conceded about 3.14% of trading to foreign investors as domestic transactions…

Nigerian Equity Markets | 09 Mar 2016: Market Upturns Yesterday’s Bearish Performance…NSE ASI Gain 0.5%

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market reversed yesterday’s bearish performance as the All Share Index appreciated 0.5% to close at 25,885.31 points. Market capitalization, in turn, increased N46.8bn to close at N8.9tn lessening YTD loss to 9.6%. Today’s positive performance was on account of bargain hunting in DANGCEM (+0.5%) and ZENITH (+1.7%) – both Industrial Goods and Banking bellwethers respectively. However, activity level waned as volume and value traded dipped…

Egypt Equity Markets | 09 Mar 2016: Egypt’s bourse benchmark maintains gains, market cap US$192m higher

Posted on by The Editorial Team

Cairo, Egypt, Capital Markets in Africa — Egypt Exchange equity trading ended in a positive mood for the fifth session in a row at the end of today’s session, the highest level in two months. The equity market capitalization added nearly EGP 1.5 billion (about US$192 million) to end at EGP 402.892 billion relative to the previous market capitalization of EGP 401.359 billion. The benchmark index EGX30 gained 32.80 points or 0.52 percent to close at 6,372.64…

African Stock Market February 2016: BRVM Bourse & Kenya Stocks reward local and foreign investors

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LAGOS, Nigeria, Capital Markets in Africa —Stronger commodity prices helped most African stock markets to rebound in February. The rally has been sparked by a rebound in commodity prices with gold up 21 percent from its December low. Commodities are rallying amid more optimism over economic growth in China, while negative interest rates in countries like Japan and Switzerland are increasing the appeal of gold as a safe haven. Consequently, African equity market performance measured by country equity benchmark index returns…

African Sovereign Eurobond February 2016: Spreads Narrrowing amidst unchanged Fed Rate

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Lagos, Nigeria, Capital Markets in Africa — African sovereign Eurobonds spreads narrowing in February compared to January spreads. This is as a result of the US Federal Reserve signalled that the Fed has put future rate hikes on hold but will continue to monitor closely developments in the global economy and financial markets. In addition, crude-oil price recovery on hopes that key oil producers aimed at freezing or cutting current levels of production and couple with the…

Nigerian Equity Markets | 24 Feb 2016: Equities Slide on Banking Stocks Rout… NSE ASI sheds 0.9%

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa —The Nigerian bourse closed southwards to extend losses to the 3rd trading session amid sell-offs in banking and consumer goods bellwethers. The All Share Index declined 0.9% settling at 23,883.34 points. The negative market performance was broadly driven by price depreciation in GUARANTY (-3.8%), ZENITH (-5.0%) and GUINNESS (-5.0%). The market lost N68.4bn in value as market capitalization reduced to N8.2tn. Activity level was mixed as volume grew 33.6% while value traded dipped 3.3% to…

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