African capital market

Nigeria’s central bank adjusts FX rate to 196.95 per dollar

Lagos (Capital Markets in Africa): – Nigeria’s central bank adjusted its exchange rate peg to 196.95 naira to the dollar from the 197 it set in February after the currency’s value was eroded by the fall in oil prices, data on its website showed on Thursday. The bank adjusted the rate at which it sold hard currency this week, dealers said, noting that the change was too small to be considered a revaluation for the naira,…

Mauritius Market Watch | June 5th 2015: Mauritius equity market indices end the week on positive note

Posted on by The Editorial Team

Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market indices end in a positive territory today, the SEMDEX index went up by 0.16 percent to reach 1,970.79 points and the Sem-10 rose by 0.16 percent to 374.42 points. The market capitalization was recorded at MUR 219.108 billion and overall total volume trade recorded at 38.414 million and turnover amounted to MUR 50.867 million, mainly geared towards SBM Holdings which accounted for almost 70 percent…

Tanzania Market Watch | June 5th 2015: Tanzania equity market ends the week on positive note…

Posted on by The Editorial Team

Dar es Salaam, Tanzania (Capital Markets in Africa):- The Dar es Salaam Stock Exchange (DSEI) gained by 45.68 point or 1.63 percent to close at 2,739.56 point and market capitalization recorded at TZS 24,885.06 billion, an increase of TSZ 394 million. Likewise, the DSE TSI advanced by 75.18 points or 1.60 percent to close at 4778.39 points. Today, DSE recorded a total turnover of TZS 10,395.38 million from 796,501 shares traded in 67 deals compared…

OPEC agrees to keep pumping as fears of a global oil glut persist

Posted on by The Editorial Team

Vienna, (Capital Markets in Africa) – Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports. Concluding a meeting with no apparent dissent, Saudi Arabian Oil Minister Ali al-Naimi said the Organization of the Petroleum Exporting Countries had rolled over its current output ceiling, renewing support…

Morocco Market Watch | June 5th 2015: Moroccan equity market ends the week on bullish mood, adds MAD 180 million today

Posted on by The Editorial Team

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market ended the week on bullish mood. Morocco’s benchmark stock index (MASI Index) added 0.03 percent to close at 9,736.55 points (increased year-to-date performance to 1.21 percent) with total market capitalization at MAD 494.616 (gained MAD 180 billion compared to previous trading sessions market capitalization of MAD 494.598 billion) and market activities measured as total traded value was recorded at MAD 49.739 million (a reduction of 29 percent…

African Stock Market Performance at the end of May, 2015

Posted on by The Editorial Team

Lagos, Nigeria (Capital Markets in Africa):- African stock market performance across the region has remained fairly flat (with merely -0.8% average return) for local investors in the month of May 2015. Figures for the Market Performance Month of May saw the Exchanges record high’s of 4.9% and 4.0% in Botswana and Ghana respectively. Several Markets went the other way recording losses ranging from 0.2% to 6.7% lead by the markets of South Africa (depreciated by 4.0%), Kenya (depreciated by 6.4%) and Namibia (down by…

Mauritius Market Watch | June 4th 2015: Mauritius equity market sustains positive trend, SEMDEX 0.40% and SEM10 0.54%

Posted on by The Editorial Team

Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market indices ended the session in positive territory today. The Semdex gained 0.40 percent to 1967.64 points and the SEM-10 rose by 0.54 percent to 373.45 points. The market capitalization was recorded at BWP 218.757 billion. With regard to market activity, total market turnover amounted to MUR 106.5 million mainly geared towards SBM Holdings which accounted for 80.8 percent of total market turnover. SBM Holdings traded at a low…

« 1 … 62 63 64 65 66 … 78 »