African Capital Markets

Cote D’Ivoire Stock Markets | 29 Oct 2015: Bourse Régionale des Valeurs Mobilières closes red, agriculture sector loses 3.25%

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Thursday lower than the previous day. BRVM 10 index decreased from 305.30 to 303.75 points, a drop of 0.51 percent. BRVM Composite index lost 0.41 percent at 304.84 points against 306.11 points previously. The equity market capitalization grew by XOF 31.48 billion (about US$541million) to close at XOF 7,522 billion relative to the previous trading…

Nigerian Equity Markets | 28 Oct 2015: Bearish Run Continues on Nigerian Equity Markets…. ASI declines 60bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian stock market sustained its bearish run into the 6th trading session as the benchmark equities index – All Share Index (ASI) dipped 60bps to close at 29,396.31pts, bringing WTD, MTD and YTD returns to -2.1%, -5.8% and -15.2% respectively. Similarly, market capitalization shed N60.7bn to N10.1tn. The sustained losing streak in the bourse was against the backdrop of continued selling pressure in OANDO (-9.6%) and STANBIC (-7.5%)…

Cote D’Ivoire Equity Markets | 28 Oct 2015: BRVM Composite index lost 0.02%, market cap down by US$5 Mill …

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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 Wednesday lower than the previous day. BRVM 10 index decreased from 305.95 to 305.30 points, a drop of 0.21 percent. BRVM Composite index lost 0.04 percent at 306.11 points against 306.23 points previously. The equity market capitalization grew by XOF 2.9 billion (about US$5.0 1million) to close at XOF 7,554 billion relative to the previous…

Rwanda’s Capital Market and City of Kigali studying to address financial problems of city housing costs

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Kigali, Rwanda, Capital Markets in Africa — The City of Kigali (CoK) and the Rwandan Capital Market Authority (CMA) are studying moves to spearhead a financial scheme to enable residents in unplanned settlements within the city to move into a decent modern housing. The scheme which is under study will also enable modern buildings as planned in the Master Plan of the City of Kigali. The study is expected to be completed by end of the…

Mauritius Equity Markets | 28 Oct 2015 : Stock Exchange of Mauritius Equity Witnesses Bull, Indices Higher, Investors US$15 Million richer …

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PORT LOUIS, Mauritius, Capital Markets in Africa — On Wednesday, the Stock Exchange of Mauritius equity bounced back to positive trading, so indices and shareholder values appreciated. The equity market capitalization closed at MUR 209.568 billion after adding MUR 526 million (about US$15 million) compared to previous market capitalization of MUR 209.042 billion. In the same positive mood, the Mauritius All Share Index (SEMDEX index) rose by 0.25 percent or 4.73 points to close at 1881.88…

Nigerian Equity Markets | 27 Oct 2015: Equities Extend Losses into 5th Trading Session… ASI Dips 86bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market extended losses into the fifth trading session as the All Share Index (ASI) declined 0.9% to close at 29,572.90 whilst market capitalization shed N88.0bn to close at N10.2tn. Today’s decline in the benchmark index followed sustained selling pressure in OANDO (-9.7%), blue-chip Banking counters — GUARANTY (-2.9%), STANBIC (-5.0%), FBN HOLDINGS (-4.9%), ZENITH (-1.7%) and UBA (-4.8%) — and Consumer Goods equities – GUINNESS (-5.0%)…

Nigerian Equity Markets | 26 Oct 2015: Lackluster Earnings Weigh down Market Performance … NSE ASI dips 0.6%

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equity Market extended losses into the 4th trading session as it opened the week negative against the backdrop of lacklustre earnings declared by quoted companies which further doused investors’ sentiment. Consequently, the benchmark All Share Index (ASI) of Nigerian equities shed 61bps to close at 29,828.95 points, whilst Market Capitalization declined N62.9bn to close at N10.3tn. Market activity, however, increased as aggregate volume and value of stocks…

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