Forex | - Part 12

Ghana Market Watch | June 16th 2015: Ghana equity markets indices and market capitalization tumble

Accra, Ghana (Capital Markets in Africa):- Ghana equity markets indices and market capitalization nose-dive at the end of today’s trading session. The benchmark composite index dropped 3.15 points (about 0.13 percent) to end the day at 2,360.66, bringing the year- to- date return to 4.41 percent. Equally, the financial Index plunged by 5.21 points or 0.22 percent to 2,414.09 with a year-to-date return of 7.60 percent. Alike, the market capitalization went down nearly GHS 17.14 million (-0.03percent relative to yesterday market cap…

Central Bank of Egypt sells $37.8m in FX auction and autions EGP7bn in T-bills

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):- The Central Bank of Egypt said it sold $37.8 million to banks in a foreign currency auction held Sunday. The bank had offered $40 million. Cut-off price amounted to EGP 7.53 per dollar, the central bank added. The dollar exchange rate steadied at 7.53 against the Egyptian pound for the first time on 4 February. Futhermore, the Central Bank of Egypt said it will hold a public auction Sunday…

Ghana Market Watch | June 10th 2015: Ghana equity markets indices and market capitalization nose-dive today

Posted on by The Editorial Team

Accra, Ghana (Capital Markets in Africa):- Ghana equity markets indices and market capitalization nose-dive at the end of today’s trading session. The benchmark composite index dropped 5.73 points (about 0.24 percent) to end the day at 2,380.78, bringing the year- to- date return to 5.30 percent. Equally, the financial Index plunged by 9,59 points or 0.39 percent to 2,430.31 with a year-to-date return of 8.32 percent. Alike, the market capitalization went down nearly GHS 206.23 million (-0.32 percent relative to yesterday market…

Ghana Market Watch | June 9th 2015: Ghana equity composite Index gains 0.54% and market cap up GHS 245 million

Posted on by The Editorial Team

Accra, Ghana (Capital Markets in Africa):- Ghana equity markets indices and market capitalization increased at the end of today’s trading session. The benchmark composite index gained 12.81 points (about 0.54 percent) to end the day at 2,386.51, bringing the year- to- date return to 5.55 percent. Equally, the financial Index rose by 12.39 points or 0.51 percent to 2,439.90 with a year-to-date return of 8.75 percent. Alike, the market capitalization added nearly GHS 245.15 million (0.38 percent) to settle at GHS 64,798.53 million….

Egypt Central bank sells $37.8m in forex auction

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa)—The Central Bank of Egypt said it sold $37.8 million to local banks in a foreign currency auction held Tuesday. The bank had offered $40 million. Cut-off price amounted to EGP 7.53 per dollar. The central bank introduced the dollar sale auctions in December, 2012 to stave off a run on the dollar and avoid a currency crisis.

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

Posted on by The Editorial Team

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,…

Ghana Market Watch | June 4th 2015: Ghana equity adds market cap of GHS 8 million, composite index up

Posted on by The Editorial Team

Accra, Ghana (Capital Markets in Africa):- Ghana equity markets ended bullish at end of today trading session. The benchmark composite index gained 0.01 points (about 1.38 percent) to end the day at 2,366.47, increasing the year- to- date return to 4.66 percent. However, the financial Index plummeted by 0.67 points or 0.03 percent to 2,420.10 with a year-to-date return of 7.84 percent. However, the market capitalization added nearly GHS 8.00 million (0.01 percent) to settle at GHS 64,598.02 million. From the market activity…

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