Equity market |

Nigeria Market Watch | May 12th 2015: Nigerian Equity All Share Index pares 66bps

Lagos, Nigeria (Capital Markets in Africa):- There is no respite yet for Nigerian Equities as the market extended its losing streak with the benchmark index shedding 66bps today to close at 34,115.49 points. Consequently, Month-to-date performance inched further southwards to 1.7%. The extended bearish run remained hinged on the bleak macroeconomic picture dampening sentiment for equities, most especially in relation to the policy direction of the incoming administration. Against this backdrop, investors further took profit in…

Cote d’Ivoire Market Watch | May 13th 2015: BRVM composite index gain 76 bps

Posted on by The Editorial Team

Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, higher than the previous day for both BRVM 10 index and BRVM Composite. BRVM 10 index rose from 269.30 to 271.35 points, a gain of 0.76%. BRVM Composite index gained 0.42% to 262.17 against 261.08 points previously. The equity market capitalization was recorded at XOF 6,491.11 billion. Likewise, the traded value was recorded at…

Ghana Market Watch | May 11th 2015: Ghana Composite Index gains 0.13%

Posted on by The Editorial Team

Accra, Ghana (Capital Markets in Africa):- Ghana Stock exchange ended in positive territory today, with the benchmark Composite index rose by 20.99 points (0.13%) to close trading at 2,276.02 points; this brings its year-to-date performance to 0.66%. Likewise, the financial index added 20.86 points (0.85%) to close at 2,319.35 points (3.38% year-to-date performance). The market capitalization was recorded at GHS 63,399 million. A market activity measured by volume was recorded at 497,535 shares valued at GHS…

Kenya Market Watch May 11th 2015: Kenya NSE Index lost 28.23 points…

Posted on by The Editorial Team

The Nairobi Security Exchange top 20 (NSE 20) Index declined by 28.23 points to close at 5,042.52 points today. Likewise, the Nairobi All Share Index went down by 0.82 points to close at 170.65 point with total market capitalization at KES 2,387.19 billion. The market sentiment was negative today (measured as the market breadth: – advancers/decliners ratio) with 17 advancers and 22 decliners.The top market gainer was Crown Berger gaining 9.42 percent to close at…

Nigeria Market Watch | May 11th 2015: Nigerian Equities Extend Bearish Run

Posted on by The Editorial Team

The Nigerian Equities Market opened the week on a bearish note as the All Share Index (ASI) extended its bearish run to the sixth day. The ASI dipped 13bps to close at 34,342.07 points while market capitalization also shed 0.1% to N11.7tn. Today’s performance was amidst sell pressure in some banking stocks – UNITY (-9.5%) and ZENITH (-1.4%) – and profit-taking in ETI (-5.0%). Sell pressure dragged the ASI down to 34,213.25 points at Mid-day…

Egypt Market Watch | May 11th 2015: Egyptian Stock Exchange ends on negative territory

Posted on by The Editorial Team

The Egyptian Stock Exchange (EGX) ended on negative territory with market capitalization lost about EGP 147 million to close at EGP 499.285 billion. The benchmark index EGX30 remained flat to close at 8,691.85pts as a result of weak trading volume and thin liquidity. The small and mid-cap index EGX70 went down by 0.25% to 468.97 points and the broader EGX100 edged down by 0.36% to 965.07 points. The market sentiment was negative today (measured as…

African Stock Market Performance at the end of April, 2015

Posted on by The Editorial Team

African stock market performance across the region has remained fairly buoyant in 2015 (i.e. at the end of April 2015) for local investors. The exceptions were Mauritius (depreciated by 5.7%), Zimbabwe (lost 4.0%), Egypt (declined by 2.8%) and Zambia (down by 0.5%). It ended, however, in the negative region for Forex adjusted returns (in US dollar)due to the depreciation of most African currencies against the US dollar during the period under review. This depreciation is attributed to…

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