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
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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Lagos, Nigeria Capital Markets in Africa — African stock market performance measured by country equity benchmark index returns ended in negative for the month of November, with five gainers and thirteen losers on the local currency basis. Still on local basis return, the November’s average return of -3.0 percent (relatively to -0.9 percent in October) was recorded across eighteen African stock indices and November monthly returns range from -15.3 percent recorded by the Egyptian equity market (measured by Egyptian EGX 30…
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Lagos, Nigeria, Capital Markets in Africa — The All Share Index shed 0.2% to close at 29,697.12 pts after the positive close (+0.5%) recorded in the previous session. Principally, price depreciation in GUARANTY (-4.5%), ZENITH (-1.8%) and STANBIC (-2.8%) dictated the direction of the benchmark index. At the close of trading, YTD return of the ASI settled at -20.1% with the market capitalization settling at N9.5tn after having lost N16.1bn. Market activity also weakened as volume…
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Cairo, Egypt, Capital Markets in Africa —– Egypt Exchange equity trading ended on a positive mood at the end of today’s session. The equity market capitalization added EGP 667 million (about US$85.3 million) to end at EGP 415.592 billion relatively to the previous market capitalization of EGP 414.925 billion. The benchmark index EGX30 gained 36.75 points or 0.58 percent to close at 6,427.82 points. The equal-weighted indexes EGX50 grew by 0.33 percent or 3.66 points to trade at…
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Casablanca, Morocco, Capital Markets in Africa — Casablanca Stock Exchange witnessed negative return at the end of Thursday’s equity trading session. The Moroccan benchmark stock index (measured as MASI Index) went down 0.15 percent to end at 9,108.93 points (with a year-to-date performance to -5.31 percent) with total market capitalization at MAD 458.810 billion (a fall of MAD 247 million or US$28 million relative to previous market capitalization of MAD 459.057). The market activity measured as…
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PORT LOUIS, Mauritius, Capital Markets in Africa — Bear appeared at the end of Thursday’s equity trading session. The equity market capitalization closed at MUR 202.267 billion after dropping MUR 267 million (about US$7.4 million) relatively to the previous market capitalization of MUR 202.534. The Mauritius All Share Index (SEMDEX index) dropped 0.13 percent or 2.39 points to close at 1,816.28 and SEM10 index fell by 0.08 percent or 0.22 points to close at 349.11 points….
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