African equity market

Nigeria Market Watch | June 8th 2015: Nigerian Equities Pullback into Negative Territory…NSE ASI Shed 22bps

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian equity market continued exhibiting a sideways trading pattern as the market pulled back from last Friday’s strong close, shedding 22bps today to close at 33,590.48 points. This was against the backdrop of losses suffered by large caps across the Banking, Oil & Gas and Consumer Goods sectors — GUARANTY (-0.8%), ZENITH BANK (-0.9%), OANDO (-3.7%), NESTLE (-0.5%) and GUINNESS (-3.0%). Activity level however surged as aggregate volume and…

Egypt Market Watch | June 8th 2015: Egyptian equity market deepens, market cap loses EGP 2.7 billion

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices closed Monday on a negative note, with the market capitalisation losing nearly EGP 2.7 billion to close at EGP 492.478 billion, amid investors’ anticipation of the MSCI 2015 annual market classification review on Tuesday. The benchmark index EGX30 fell by 0.65 percent or 56.54 points to end the day at 8,672.33 points (-2.85 percent year-to-date performance). Equally, the small and mid-cap index EGX70 dropped 1.27 percent or 5.87…

Zimbabwe Market Watch | June 8th 2015: Zimbabwe stock market cap adds US$6 million but index falls

Posted on by The Editorial Team

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index begins on a negative note, by marginally losing 0.05 points (0.03 percent) to settle at 153.44 points. However, the market capitalization was recorded at US$ 4.00 billion adding US$6 million against previous trading session. The market activity today recorded a turnover of US$862,669 exchanged in 15 securities via 29 trade transactions. Foreign investor buys US$285,565 and no foreign sells today. Out of the 20…

Egypt Market Watch | June 7th 2015: Egyptian equities indices fall, market cap loses EGP 2.8 billion

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):-Egyptian equity markets slipped today, pressured by retail and institutional sales. The market capitalization lost EGP 2.8 billion to close at EGP 495.225 billion, compared with EGP 501.110 billion on Thursday EGP 498.004 billion. The benchmark index EGX30 declined by 0.59 percent or 51.89 points to end the day at 8,728.87 points (-2.215 percent year-to-date performance). Likewise, the small and mid-cap index EGX70 went down by 0.36 percent or 1.68 points to settle at…

Cote d’Ivoire Market Watch | June 5th 2015: BRVM equity adds market cap of XOF 58 billion, indices up

Posted on by The Editorial Team

Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Friday, higher than the previous day. BRVM 10 index rose from 276.34 to 278.86 points, a gain of 0.91 percent. BRVM Composite index gained 0.86 percent to 273.47 against 271.13 points previously. Likewise, the equity market capitalization added XOF 57.8 billion to close at XOF 6,748.12 billion compared with previous trading sessions’ market capitalization of XOF…

Nigeria Market Watch | June 5th 2015: Nigerian All Share index closed the week positive, up 0.6%

Posted on by The Editorial Team

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian All Share index closed the week positive, up 0.6% to close at 33,664.91pts. Market Capitalization also added N67.8bn berthing at N11.5tn. Today’s gain was consequent on appreciations in Banking and Oil & Gas counters — ZENITH BANK (+3.7%) and FORTE OIL (+3.8%) respectively. Market activities was mixed as volume traded softened 3.6% to close 198.4m units while value rose 14.2% to settle at N2.5bn. Divergent from yesterday’s performance,…

Mauritius Market Watch | June 5th 2015: Mauritius equity market indices end the week on positive note

Posted on by The Editorial Team

Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market indices end in a positive territory today, the SEMDEX index went up by 0.16 percent to reach 1,970.79 points and the Sem-10 rose by 0.16 percent to 374.42 points. The market capitalization was recorded at MUR 219.108 billion and overall total volume trade recorded at 38.414 million and turnover amounted to MUR 50.867 million, mainly geared towards SBM Holdings which accounted for almost 70 percent…

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