Market Watch | - Part 40

African Equity Markets in 2015: BRVM Bourse 2015 Champion, Botswana runner-up, Zimbabwe worst market

Lagos, Nigeria Capital Markets in Africa — African stock market performance measured by country equity benchmark index returns produced a negative returns in 2015, with four positive growths and fourteen negative returns on a local currency basis. The performance was more disheartening on a US-dollar adjusted performance basis, with just one equity market produced a positive return. These unimpressed performances (compared to 2014) across African equities can be attributed to interlocked negative feedback loops between declining commodity…

Morocco Equity Markets | 31 Dec 2015: Morocco equity investors lose MAD 31bn and All Share index falls 7.22% in 2015 …

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Casablanca, Morocco, Capital Markets in Africa —Casablanca Bourse ended Thursday’s trading session; the last trading session of 2015 in a positive region to cushion the overall loses in 2015. The Moroccan benchmark stock index (measured as MASI Index) advanced by 0.64 percent to close at 8,925.71 points (with a year-to-date performance to -7.22 percent) and the equity market capitalization closed 2015 at MAD 453.316 billion (by gaining of MAD 4.62 billion or US$462 million relative to…

Egypt Equity Markets | 31 Dec 2015: Egypt Equity Market loses EGP 70bn, EGX 30 index 21.5% lower in 2015,

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Cairo, Egypt, Capital Markets in Africa — Egypt Exchange equity trading ended in a positive mood at the end of today’s session, the last trading session in 2015. The equity market capitalization added nearly EGP 1.1 billion (about US$140.96 million) to end at EGP 429.79 billion (on the purchases of the local retail investors) relatively to the previous market capitalization of EGP 428.689 billion. The Egypt equity market was battered during 2015, amid political and…

Nigerian Equity Markets | 31 Dec 2015: Equities Close 2015 with Fireworks …NSEASI Appreciates 3.1%

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market All Share Index (ASI) ended the year on a positive note appreciating 3.1% today to settle at 28,642.3pts. Amid intense political tension, tumbling oil prices and macroeconomic pressures in the domestic and global space, the local market benchmark index depreciated 17.4% in 2015 relative to -16.2% in 2014. Market capitalization improved N297.3bn at the end of today’s trade settling at N9.9tn but down by N1.6tn…

Nigerian Equity Markets | 30 Dec 2015: Equities Surge 3.8% Ahead of New Year’s Eve

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Lagos, Nigeria, Capital Markets in Africa — The local bourse ended today’s trading session higher as against a negative performance yesterday. Thus, the All Share Index (ASI) rose 3.8% settling at 27,777.83pts to trim YtD loss to 19.8%. Market capitalization also expanded by N351.5bn to close at N9.6tn. Today’s performance was largely driven by buy sentiment in bellwether stocks such as DANGCEM (+8.6%) and NIGERIAN BREWERIES (+7.8%) as last minute traders position ahead of the New…

Table: African Eurobond yields narrow after US Fed Rate Hike

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Looking into 2016: A Change in Nigerian Market Sentiments, Signs to Watch

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The Nigerian equities market has sustained a bearish run for most of 2015 as issues ranging from a fragile polity, foreign exchange restrictions, stifling monetary policy stance, weakening domestic growth and rising inflationary pressure have weighed in to weaken investor sentiment. While the victory of President Buhari at the polls boosted investor confidence between April and May, the five months of waiting before the eventual inauguration of the cabinet on 11th November 2015 has had a…

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