African Capital Markets

African Sovereign Eurobond October 2015 Review: Yield narrowing, Ghana and Namibia issue US$1b and US$750m resp. in Oct …

Lagos, Nigeria, Capital Markets in Africa — The economic pressure on limited resources continued to have significant impact on African countries, as a result of downtrend in the commodity prices. So, most African countries are cash squeeze, forcing governments to reduce spending as debt rises and instigating central banks to implement aggressive monetary policy tightening to control inflation. The inability of government to meet its obligation has resulted to Students’ unrest in South Africa against increase in tuition fee…

South Africa Equity Markets | 02 Nov 2015: South Africa equity edges up as financial shares rise, resources and gold miners down

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Johannesburg, South Africa Capital Markets in Africa —On Monday, the Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) advanced by 0.12 percent or 66.52 points to settle at 53,860.26 points and the benchmark JSE Top 40 index ended 32.07 points or 0.07 percent higher to end at 48,349.52 points. The financial sector index added 0.70 percent or 317.90 points at 45,781.25 points. Industrial sector index and industrial 25 index grew by 0.10 percent to end…

Nigerian Equity Markets | 02 Nov 2015: Negative Trading Persists…. ASI down 18bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian equity market benchmark index went further below the 30,000pts psychological mark after dipping 18bps today to close at 29,136.85pts. This decline was driven by the sell-offs recorded in DANGOTE CEMENT (-1.0%), UNILEVER (-5.0%) and FBN Holdings (-1.2%). In a similar manner, market capitalization fell N105.3bn to settle at N10.0tn. Activity level measured by volume and value traded however showed mixed performances as volume advanced 49.9% to 308.1m…

Cote D’Ivoire Stock Markets | 02 Nov 2015: BRVM Bourse opens Nov in green mood, market cap US$45 million higher and indices up …

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Monday higher than the previous day. BRVM 10 index rose from 301.47 to 302.36 points, a gain of 0.30 percent. BRVM Composite index gained 0.35 percent at 304.37 points against 303.31 points previously. The equity market capitalization added XOF 26 billion (about US$45 million) to close at XOF 7,511 billion relative to the previous trading…

Nigerian Equity Markets | 30 Oct 2015: Nigerian Equities end the week negative … NSE ASI 90bps lower

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market ended the week negative, closing the last trading session for the week 0.9% lower as the All share Index settled at 29,190.54pts, sustaining a week-long of bearish sentiment. Market capitalisation equally shed N87.4bn to berth at N9.9tn for the week. Today’s decline remained on account of sell pressure on OANDO. We observed that the Oil and Gas Stock has plunged 40.0% since the submission of…

Cote D’Ivoire Stock Markets | 30 Oct 2015: Bear stays on the BRVM bourse, market cap US$65mn lower and BRVM composite index 0.50% down …

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Friday lower than the previous day. BRVM 10 index decreased from 303.75 to 301.47 points, a drop of 0.75 percent. BRVM Composite index lost 0.50 percent at 303.31 points against 304.84 points previously. The equity market capitalization plunged by XOF 37.6 billion (about US$65 million) to close at XOF 7,485 billion relative to the previous…

Nigerian Equity Markets | 29 Oct 2015: Nigerian Equities Sustains Losing Momentum… NSE ASI sheds 70bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian equity market has sustained its bearish momentum following weak earnings results and regulatory sanctions which have doused investors’ confidence, resulting into a further 70bps decline in the benchmark — All Share Index — to close at 29,189.22 points, whilst market capitalization shed N71.2bn to N10.0tn. Consequently, Month to Date and Year to Date closed southwards at -6.5% and -15.8%. The weakening in the benchmark equities indicators today was…

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