African Stock Exchanges

Nigeria Market Watch | June 9th 2015: Bearish Momentum for Equities Sustained… NSE ASI sheds 29bps

Posted on by The Editorial Team
Nigeria Market Watch | June 9th 2015: Bearish Momentum for Equities Sustained… NSE ASI sheds 29bps

Lagos, Nigeria (Capital Markets in Africa):- Investors’ sentiment on the Nigerian bourse remained weak today as equities slipped further into the negative territory. The All Share Index (ASI) trended south, closing 29bps weaker at 33,492.17 points, hence bringing cumulative losses in June to 2.4%. This followed extended selloffs recorded in Banking and Oil and Gas stocks — GUARANTY (-1.3%), FBN HOLDING (-1.7%), UBA (-2.4%), FORTE OIL (-0.8%) and OANDO (-1.2%). Similarly, market capitalization shed N33.5bn to…

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Mauritius Market Watch | June 9th 2015: Mauritius equity market extends positive run, market cap adds MUR 188 million

Posted on by The Editorial Team
Mauritius Market Watch | June 9th 2015: Mauritius equity market extends positive run, market cap adds MUR 188 million

Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market continued on a positive territory today, the SEMDEX index went up by 0.09 percent to reach 1,976.34 points and the Sem-10 rose by 0.17 percent to 375.59 points. The market capitalization was recorded at MUR 219.724 billion (against MUR 219.536  billion recorded yesterday) and overall total volume trade recorded at 3.964 million and turnover amounted to MUR 47.899 million. SBM Holdings Limited recorded 3.312 million…

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Mauritius Market Watch | June 8th 2015: Mauritius equity market composite index up by 20bps

Posted on by The Editorial Team
Mauritius Market Watch | June 8th 2015: Mauritius equity market composite index up by 20bps

Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market indices starts in a positive territory today, the SEMDEX index went up by 0.20 percent to reach 1,974.65 points and the Sem-10 rose by 0.22 percent to 374.96 points. The market capitalization was recorded at MUR 219.536 billion (against MUR 219.108 billion recorded on Friday) and overall total volume trade recorded at 5.8 million and turnover amounted to MUR 65.609 million. The market sentiment was…

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

Posted on by The Editorial Team
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…

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

Posted on by The Editorial Team
Nigeria Market Watch | June 5th 2015: Nigerian All Share index closed the week positive, up 0.6%

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,…

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Nigeria’s central bank adjusts FX rate to 196.95 per dollar

Posted on by The Editorial Team
Nigeria’s central bank adjusts FX rate to 196.95 per dollar

Lagos (Capital Markets in Africa): – Nigeria’s central bank adjusted its exchange rate peg to 196.95 naira to the dollar from the 197 it set in February after the currency’s value was eroded by the fall in oil prices, data on its website showed on Thursday. The bank adjusted the rate at which it sold hard currency this week, dealers said, noting that the change was too small to be considered a revaluation for the naira,…

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

Posted on by The Editorial Team
Mauritius Market Watch | June 5th 2015: Mauritius equity market indices end the week on positive note

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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