African capital market

Nigeria Market Watch | May 20th 2015: Nigerian Equities Market shed 0.5% and market cap declined N58.7bn

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian Equities Market shed 0.5% to close at 34,533.40pts due to losses in bellwether stocks such as GUARANTY (-2.3%) and NESTLE (-2.8%). Similarly, market capitalization declined N58.7bn to berth at N11.3tn. Nonetheless, market activity measured by volume and value traded increased significantly by 426.8% (1.9bn units) and 32.4% (N5.5bn). The unusual spike in volume traded was majorly due to the 1.5bn units (21.5% of LASACO‘s shares outstanding) of LASACO…

Kenya Market Watch | May 20th 2015: Market cap gains 0.27%, Indices lose..

Posted on by The Editorial Team

Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE20) index declined by 17.26 percent to 4,924.25 points and Nairobi All Share Index added 0.45 points to close at 167.38. At the same time, the market capitalization gained 0.27 percent to close at KES 2,341.38 billion. Looking at the market activities, OLYMPIA HOLDINGS surged by 8.70 percent to close at KES 5.00 to become today trading sessions’ top gainer. It is followed by TOTAL Kenya which rose…

Botswana Market Watch | May 20th 2015: Botswana stocks on uptrend

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Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index kept its upward impetus by gaining 46.45 point (0.45 percent) to extended its year to date gains by almost 10% ending with 10,443.37 points. While the foreign composite index remained flat to close at 1,569 points. The equity market capitalization was recorded at BWP 381.325 billion. Looking at market activity, the total volume and total turnover were recorded at 4.091 million and BWP 29.855 million respectively. BIHL GROUP recorded…

Egypt Market Watch | May 20th 2015: Egypt equities plummet EGP 2.4bn

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Cairo, Egypt (Capital Markets in Africa):-Egyptian equity market halt it positive momentum today. The market capitalization gave up EGP 2.4 billion compared to yesterday’s gain of EGP 1.2 billion to close at EGP 500.358 billion. The benchmark index EGX30 fell by 0.58 percent or 51.2 points to close the day at 8,826.45 points (-1.12 percent year-to-date performance). On the same note, the small and mid-cap index EGX70 loss 0.38 percent to settle at 471.85 points (-16.55 percent year-to-date return),…

Nigeria’s central bank holds interest rate at 13 pct

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Abuja, Nigeria (Capital Markets in Africa):- Nigeria’s central bank held its benchmark interest rate unchanged at 13 percent on Tuesday, stressing the need to preserve foreign exchange reserves that have been depleted in recent months to support a weakening naira. At the last policy meeting before president-elect Muhammadu Buhari takes office in Africa’s largest oil producer on May 29, central bank governor Godwin Emefiele said it was not possible for the regulator to intervene on…

Mauritius Market Watch | May 19th 2015: Mauritius equity shed off MUR 1.6bn

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Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market maintained its downward trend recording a total turnover of MUR 42.6 million and market capitalization recorded at MUR 218.157 billion (loss about MUR 1.6 billion from yesterday’s market cap of 219.714). The Semdex and SEM-10 index gave up 0.30% and 0.45% to reach 1,969.44 points and 373.79 points respectively. Mauritius Commercial Bank (MCB) Group reached an intra-day low of MUR 204.00 before closing at MUR 205.00…

Kenya Market Watch | May 19th 2015: Kenyan equities gain KES 5.6bn and indices up

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Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE20) index went up to 4,941.71 points, by adding 9.28 points and Nairobi All Share Index (NASI) added 0.35 points to close at 167.83. At the same time, the market capitalization gained KES 5.6 billion (about 0.21 percent) to close at KES 2,347.664 billion. Looking at the market activities, KAPCHORUA TEA edged up by 8.62 percent to close at KES 126.00 to become today trading sessions’ top gainer….

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