African market watch

Tiger Brands’ Nigerian arm hit by naira weakness

Johannesburg, South Africa (Capital Markets in Africa):- – Tiger Brands, South Africa’s biggest consumer foods manufacturer, reported flat first-half earnings on Wednesday, weighed down by its operations in Nigeria. Tiger Brands, which makes cereal, energy drinks, pasta and rice, said diluted headline earnings per share fell by 1 percent to 837 cents in the six months ended March. Headline earnings per share is the main profit gauge in South Africa that strips out certain one-off items. Sales…

Dubai’s Emaar plans to float 13 pct Egypt unit on Cairo exchange

Posted on by The Editorial Team

By Matt Smith DUBAI (Reuters) – Dubai’s Emaar Properties plans to list a 13 percent stake in its Egyptian unit on Cairo’s stock exchange, the largest listed developer in the United Arab Emirates said on Wednesday. The share sale will comprise of a public offering to retail investors in Egypt, plus a private placement to local and international institutions, according to a filing to the Dubai Financial Market. Emaar did not state when the initial…

Zimbabwe Market Watch | May 18th 2015: Zimbabwe stock industrial index added 0.16% …

Posted on by The Editorial Team

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) the industrial index added 0.25 points (0.16%) to settle at 155.09 points. Likewise, the market capitalization was recorded at US$ 4.024 billion by adding US$ 6 million. From the market activity perspective, today’s total volume and turnover was recorded at 11.88 million and US$612,364 respectively exchanging in nine shares via 29 transactions. Foreign investor buys US$357,859.. Out of the nine traded securities, Mashonaland Holdings Limited Zimbabwe contributed nearly…

Zimbabwe Market Watch | May 18th 2015: Zimbabwe equity market went up 0.81 points (0.53%) to close at 154.84pts

Posted on by The Editorial Team

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index was up 0.81 points (0.53%) to close at 154.84 points as the mobile giant Econet Wireless gained 2.91 cents to trade at 49.01 cents. The market capitalization was recorded at US$ 4.024 billion. From the market activity perspective, today’s total volume and turnover was recorded at 5.2 million and US$403,733 respectively exchanging in five shares and ten transactions. Foreign investor buys US$139,076 and sells US$245,050. The…

Mauritius Market Watch | May 15th 2015: Mauritius equity extends the gains..

Posted on by The Editorial Team

Port Louis, Mauritius (Capital Markets in Africa):-Stock Exchange of Mauritius indices were up during the session mainly on the back of Mauritius Commercial Bank (MCB) Group which went up after announcing a profit surge of 91.4% for the quarter ended 31 March 2015. The Semdex and the SEM-10 gained 0.56% and 0.58% respectively. Market turnover was mainly geared towards Mauritius Commercial Bank (MCB) Group and CIEL Group which together accounted for 76.9% of total value traded. MCB Group saw a cross…

Kenya Market Watch | May 14th 2015: Market cap gains KES 7.6 billion but NSE20 slightly lost 1.5bps

Posted on by The Editorial Team

Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE) 20 declined by 0.77 points to close at 4,979.71 while Nairobi All Share Index went up by 0.55 points to close at 167.82. However, the market capitalization gained KES 7.57 billion (0.32%) to close at KES 2,347.46 billion. The market breadth ended positive, with 23 gainers and 19 losers. On the one hand, the highest market gainer was East Africa Portland Cement gaining 9.26…

Ghana Market Watch | May 14th 2015: Ghana market closed neutral today…

Posted on by The Editorial Team

Accra, Ghana (Capital Markets in Africa):- Ghana Stock exchange close neutral today, with the benchmark Composite index and financial index remained steady to close trading at 2,301.02 points and 2,333.81 points respectively. Likewise, the market capitalization remained unchanged at GHS 63,606 million. Market activity was very low with total volume of 1,500 shares and total turnover of GHS 3,736.00 (lower than previous trading turnover by c.99.97 percent) exchanged in two shares. The two shares traded today were HFC Bank Limited Ghana…

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