African Stock Markets

Cote D’Ivoire Equity Markets | 28 Oct 2015: BRVM Composite index lost 0.02%, market cap down by US$5 Mill …

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Wednesday lower than the previous day. BRVM 10 index decreased from 305.95 to 305.30 points, a drop of 0.21 percent. BRVM Composite index lost 0.04 percent at 306.11 points against 306.23 points previously. The equity market capitalization grew by XOF 2.9 billion (about US$5.0 1million) to close at XOF 7,554 billion relative to the previous…

Mauritius Equity Markets | 28 Oct 2015 : Stock Exchange of Mauritius Equity Witnesses Bull, Indices Higher, Investors US$15 Million richer …

Posted on by The Editorial Team

PORT LOUIS, Mauritius, Capital Markets in Africa — On Wednesday, the Stock Exchange of Mauritius equity bounced back to positive trading, so indices and shareholder values appreciated. The equity market capitalization closed at MUR 209.568 billion after adding MUR 526 million (about US$15 million) compared to previous market capitalization of MUR 209.042 billion. In the same positive mood, the Mauritius All Share Index (SEMDEX index) rose by 0.25 percent or 4.73 points to close at 1881.88…

Africa Equity Weekly | 23 Oct 2015: Egyptian Equity pulls African Equity Market to the Green Zone … South Africa, Nigeria among gainers

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The African equity markets ended in the green zone at the end of Friday 23 October, among the eighteen African equity indices ten ended in green and six in the red zone (Swaziland All Share index and Rwandan All Share index remained unchanged to end at 312.38 points and 133.83 points respectively) compared to the previous week ending Friday 16 October 2015. The overall average return of the eighteen…

Forte Oil Nigeria Sales 17% Stake to Mercuria For US$200 Million

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa —- One of Nigeria’s integrated energy solution providers, Forte Oil Plc, confirmed the acquisition of 17 percent of its equity by Mercuria Energy Holdings SA for $200 million. With the foreign direct investment in Forte Oil, the world’s third largest independent energy trader and asset operator has made inroads into the West African energy sector. Forte Oil said in a press release that through this investment, it had…

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