Capital Markets |

Egypt Market Watch | Nov 23 2016: Egypt’s bourse closes on positive note

Cairo (Capital Markets in Africa) – The Egyptian Exchange (EGX) indices moved higher collectively to close on a positive note on Wednesday, while the market capitalization added EGP 4.8 billion amid buying activity by foreign investors. The benchmark index EGX30 added 0.26% or 30.51 points to close at 11,550.1 points. The small and medium caps index EGX70 went up 1.71% to close at 445.9 points, while the broader index EGX100 added 1.71% to close at…

FIX Technology: Three Years on the Nigerian Capital Markets

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Any analysis of Frontier markets will, inevitably, underline the role of technology and best-in-class operational processes and establish them as key drivers to moving a market from “frontier” to an “emerging markets” classification. Enabling technology and transparent efficient processes are, therefore, essential ingredients for these markets to achieve their full potential; serving both a national need for developmental capital and wealth creation, as well as an international need for…

Nigerian pension funds shift to bonds as currency woes deter equity investors

Posted on by The Editorial Team

ABUJA (Capital Markets in Africa) – Nigerian pension funds have been selling equities and shifting to local bonds despite cheap valuations as illiquid currency markets limit foreign participation in the stock market. Dave Uduanu, who manages 220 billion naira ($724 million) for Pension Alliance Limited, said his fund had cut its exposure to Nigerian stocks to 10 percent this year, from 20 percent last year, and increased allocation to local treasury bills and government bonds. Nigeria,…

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