African capital market

Mauritius Market Watch | May 29th 2015: Mauritius equity market indices ended the week on a negative note today

Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market indices ended the week on a negative note today. The SEMDEX index lost 0.21 percent to end at 1952.00 points and the SEM10 index fell by 0.41 percent to 369.56 points. The market capitalization was recorded at MUR 217.018 billion at end of today’s trading sessions. Looking at the market activity, today total market turnover amounted to MUR 145.2 million mainly geared towards SBM Holdings, MCB Group…

Morocco Market Watch | May 29th 2015: Moroccan equity market maintains bullish tempo

Posted on by The Editorial Team

Casablanca, Morocco (Capital Markets in Africa):- Morocco’s benchmark stock index (MASI Index) gained 1.19 percent to close at 9,711.36 points (0.95 percent year-to-date performance) with total market capitalization at MAD 493.119 billion (increased by MAD 9 billion compared to previous trading sessions) and market activities measured as total traded value was recorded at MAD 967.881 million. Likewise, Moroccan most active share index (MADEX) closed at 7,947.39 points (advanced by 1.19 percent compared to previous trading day)….

Kenya Market Watch | May 29th 2015: Kenyan equity gains KES 10billion but NSE20 index down

Posted on by The Editorial Team

Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE20) index continued in the bearish mood and plummeted by 19.15 points (-0.40 percent) to 4,786.74 points but Nairobi All Share Index gained 0.67 points (0.41 percent) to close at 162.13. However, the FTSE NSE 25 and FTSE NSE 15 indices fell by 3.32 points (-1.50 percent) and 3.32 points (-1.40 percent) to close the day at 217.85 and 217.43 points respectively. The market capitalization gained…

Governor of Congo mining hub Katanga warns against tax hikes

Posted on by The Editorial Team

LUBUMBASHI, DRC (Capital Markets in Africa): – The powerful governor of Democratic Republic of Congo’s Katanga province warned on Wednesday against significant tax hikes in a proposed new mining code amid a recent decline in copper prices. The southeastern province accounts for nearly all of the vast central African state’s copper production, which surpassed 1 million tonnes for the first time in 2014. Congo vies with Zambia to be the continent’s top producer of the metal. A…

Egypt bourse to reduce free float required to list on EGX 30

Posted on by The Editorial Team

Cairo (Capital Markets in Africa):- – Egypt’s stock exchange said on Thursday it would reduce the free float required for new companies to list on its benchmark EGX 30, as part of structural changes to the index. Companies previously had to have a 15 percent free float to list on the EGX 30. Under the new rules, which take effect on August 1, firms will be able to join with a minimum 5 percent free float…

Nigeria agriculture minister wins African Development Bank presidency

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Abidjan (Capital Markets in Africa) – Nigeria’s Agriculture Minister Akinwumi Adesina won an election on Thursday to be the new president of the African Development Bank (AfDB). After six rounds of voting that saw seven rivals from across the continent defeated, Adesina secured around 60 percent of the vote in an election held in Ivory Coast, where the AfDB is based. Adesina will take over from outgoing bank president Donald Kaberuka of Rwanda on Sept. 1…

Botswana Market Watch | May 28th 2015: Botswana equity market gains 0.1%

Posted on by The Editorial Team

Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index continued to head northwards, gaining 0.08 percent to extend its year-to-date growth by 10.15 percent. However, the foreign composite index remained flat to close at 1,569 points and year-to-date return is still in the red, reflecting the depressed international commodity market. The equity market capitalization was recorded at BWP 381.589 billion. From the market activity viewpoint; the total volume and total turnover were recorded at 8.442 million (increased by 122 percent…

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