African capital market

Nigeria Market Watch | June 1st 2015: Nigerian Equities Market Drags on Buhari’s Torch…NSE ASI down 0.8%

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian Bourse fell 0.8% at the close of market today and berthed at 34,044.65 points. Today’s decline was largely due to price depreciation in NIGERIAN BREWERIES (-2.1%) and ZENITH BANK (-2.5%). Market capitalization shed N90.3bn to close at N11.6tn. Market activity also weakened as volume and value dropped 52.1% and 53.9% to dock at 340.6m units and N5.5bn respectively. The Industrial sector Index rose marginally by 1bps as ASHAKA CEMENT added 0.3%. All other sectors closed…

Mauritius Market Watch | June 1st 2015: Mauritius equity market Semdex index gained 0.08%

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Port Louis, Mauritius (Capital Markets in Africa):-Mauritius equity market Semdex gained 0.08% to 1953.59 points and the SEM-10 increased by 0.15% to 370.10 points. The market capitalization ended the trading session at MUR 217.195 billion. From the market activity perspective, today total market turnover amounted to MUR 64.2 million mainly geared towards Sanlam, New Mauritius Hotel and SBM Holidngs Mauritius which accounted for 76.2% of total market turnover. In term of price movers, Sanlam lost 4.2 percent to reach MUR 5.50 on a volume of 93,400 shares. While SBM…

Ghana Market Watch | June 1st 2015: Ghana stock market opens the week on a quite note and in a negative mood

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Accra, Ghana (Capital Markets in Africa):- Ghana equity market opens the week on a quite note and in a negative mood. The benchmark composite index declined by 5.79 points (about -0.25 percent) to end the day at 2,356.84, reducing the year- to- date return to 4.24 percent. Likewise, the financial Index plummeted by 7.71 points (-0.32 percent) to 2,408.99 with a year-to-date return of 7.37 percent. However, the market capitalization was recorded at GHS 64,545.46 million. From the market activity perspective,…

Botswana Market Watch | June 1st 2015: Botswana equity market starts June with positive trend.

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Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index starts the week on a positive trend, adding 0.03 percent to extend its year-to-date growth by 10.59 percent. However, the foreign composite index remained flat to close at 1,569 points and year-to-date return is still in the red. The equity market capitalization gained BWP 608 million to end the day at BWP 382,197. From the market activity viewpoint, the markets started the start day of the week with a snail’s…

Egypt Market Watch | May 31st 2015: Egypt equities continue to slide losing EGP 5.4bn

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):-Egyptian equity markets slipped today, pressured by a selling tendency among Arab investors. The market capitalization lost EGP 5.4 billion to close at EGP 495.705, compared with EGP 501.110 billion on previous trading sessions. The benchmark index EGX30 declined by 1.45 percent or 129.50 points to end the day at 8,782.55 points (-1.614 percent year-to-date performance). Likewise, the small and mid-cap index EGX70 went down by 1.76 percent (or 8.42 points) to settle at…

Ethiopia’s favourable growth prospects and low debt burden support B1 rating says Moodys

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Addis Ababa, Ethiopia (Capital Markets in Africa) :- Ethiopia’s (B1 Stable) government bond rating is supported by its strong growth prospects, prudent fiscal management and large and stable donor inflows, Moody’s Investors Service says in its latest credit analysis of the country today. However, Ethiopia’s relatively small economy, low per capita income and weak institutional strength all constrain the rating. The report is now available on www.moodys.com. Moody’s subscribers can access this report via the link…

AfDB funds USD 70.5 million for Tanzania’s power sector reform and governance support programme

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Dar Es Salaam, Tanzania (Capital Markets in Africa):– Power sector reform and a governance support programme are central to the African Development’s actions to accompany Tanzania’s economic growth. It is in line with this, that the Permanent Secretary in the Ministry of Finance of the United Republic of Tanzania, Servacius Likwelile and the African Development Bank’s Vice-President, in charge of Agriculture, Water, Human Development, Governance and Natural Resources, Aly Abou-Sabaa signed a USD 70.5 million loan accord…

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