African Equity Markets

Investing in Africa’s Equity: Balancing Risk, Return and Regret

LAGOS, Nigeria, Capital Markets in Africa: Broad-based performance of African equities in 2015 was something many investors like to forget, if they do not regret their investment decision in the first place. Investors following the herd and buying into the asset class for the first time in the heydays of 2013 can be regularly found in the latter category. Others, who remained on the sidelines so far, can now buy great African businesses at much…

African Stock Market March 2016: Bull rules, Egyptian equities rewards local investors with 22.4% gains

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LAGOS, Nigeria, Capital Markets in Africa — The Federal Reserve’s dovish stance on U.S. interest rates and a rebound in commodity prices fuelled an African-market rally in March, leading currencies to record monthly gains against the dollar. African equity market performance measured by country equity benchmark index returns ended in positive for the month, with eleven gainers and seven losers on the local currency basis. March’s average return of 2.3 percent was recorded across eighteen African…

African Stock Market February 2016: BRVM Bourse & Kenya Stocks reward local and foreign investors

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LAGOS, Nigeria, Capital Markets in Africa —Stronger commodity prices helped most African stock markets to rebound in February. The rally has been sparked by a rebound in commodity prices with gold up 21 percent from its December low. Commodities are rallying amid more optimism over economic growth in China, while negative interest rates in countries like Japan and Switzerland are increasing the appeal of gold as a safe haven. Consequently, African equity market performance measured by country equity benchmark index returns…

Foreign Investors Net Buyers of South African Shares and Bonds

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Johannesburg, South Africa, Capital Markets in Africa — Foreign Investors net buyers of South African shares and bonds on February 16, according to the figures released by Johannesburg Stock Exchange Limited, South Africa. However, on a year to date basis foreign investors re net seller. The table below shows the trade statistics. The values are in billions of South African Rand, month to date and year to date figure include purchases and sales until end of…

Managing African Equity Portfolios in a Challenging Environment

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The Annus Horibilis In a year that felt like an annus horribilis for global investing and where most asset classes from commodities to bonds and equities declined, African equity markets were not spared the rout in 2015. Market returns in US dollars for 2015 Source: Bloomberg The MSCI Emerging and Frontier Markets Index for Africa excluding South Africa fell 22.1% in 2015, although the two largest and most liquid markets fared worse, with Nigeria and Egypt…

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

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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…

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