African Capital Markets

Africa Equity Weekly | 22 Jan 2016: Relief for Nigeria and South Africa Investors but not Kenya’s …

Lagos, Nigeria, Capital Markets in Africa — As the week ending 22nd January 2016 came to a close, the African equity markets continued in the red district. Out of the eighteen African equity indices four ended in positive district and thirteen in the negative region (Illiquid Swaziland All Share index remained unchanged to end at 327.5 points) compared to the previous week ending Friday 15th January 2016. The overall average return of the eighteen stock…

Africa Equity Weekly | 15 Jan 2016: Egypt, Nigeria, South Africa in red … Mauritius, Tunis in green

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Lagos, Nigeria, Capital Markets in Africa — The global market’s poor start to the year continued this week as investors sold off on equities and junk bonds globally in a flight to safety due to increasing downside risk of a hard landing in China, credit defaults in high yield junk bonds, weaker global growth and softer commodity prices. Brent crude traded below the US$30.0pb line on Friday, with broader analysts’ outlook of a bottom ranging…

African Sovereign Eurobond 2015 Review: Eurobond issuance steady at $6.75billion, but with a higher premium

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Lagos, Nigeria, Capital Markets in Africa — The year 2015 was a challenging year for African economies as a result of falling commodity prices, lower demand from China and the hike in the US Fed rates. In spite of this, the Eurobond issuance by African sovereigns still came to US$6.750 billion for 2015 compared to the record US$8.7 billion issued in 2014. The market value weighted average issue yield is at 7.90 percent (a higher premium compared to other emerging economy Eurobonds)….

African exchanges need a platform for cooperation and the development of their capital markets — Karim Hajji, CEO, Casablanca Stock Exchange

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Karim Hajji, Chief Executive of the Casablanca Stock Exchange (CSE) gives an exclusive interview to Capital Markets in Africa and elaborates on aspects of Moroccan capital markets development and investment opportunities. He also spoke about the need to make African exchanges more liquid and advocated for African exchanges to strengthen their ties in order to create a platform for successful cooperation and to identify avenues for the development of their capital markets. The Casablanca Stock Exchange is one of…

Mauritius Equity Market | 26 Nov 2015: Trading Activities low, indices and market capitalization down …

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PORT LOUIS, Mauritius, Capital Markets in Africa — Bear appeared at the end of Thursday’s equity trading session. The equity market capitalization closed at MUR 202.267 billion after dropping MUR 267 million (about US$7.4 million) relatively to the previous market capitalization of MUR 202.534. The Mauritius All Share Index (SEMDEX index) dropped 0.13 percent or 2.39 points to close at 1,816.28 and SEM10 index fell by 0.08 percent or 0.22 points to close at 349.11 points….

Cote D’Ivoire Stock Markets | 25 Nov 2015: Equity Indices down and market capitalization US$31 million higher …

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) main indices closed the trading session this Wednesday, slightly lower than the previous day for BRVM 10, and higher for BRVM Composite. BRVM 10 index decreased from 295.08 to 295.06 points, a drop of 0.01 percent. BRVM Composite index gained 0.25 percent at 303.11 points against 302.35 points previously. The equity market capitalization lost XOF 18.9 billion (about US$30.5 million)…

Mauritius Equity Market | 25 Nov 2015: Bullish momentum continues on the Stock Exchange of Mauritius … companies add MUR 537 million in value

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PORT LOUIS, Mauritius, Capital Markets in Africa — Positive momentum continued on the Stock Exchange of Mauritius at the end of Wednesday’s equity trading session. The equity market capitalization closed at MUR 202.534 billion after adding MUR 537 million (about US$15 million) relatively to the previous market capitalization of MUR 201.997. The Mauritius All Share Index (SEMDEX index) gathered 0.27 percent or 4.81 points to end at 1,818.67 and SEM10 index surged by 0.46 percent or 1.61…

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