African Market Watch: Monday, 16th March 2015

African Market Watch: Monday, 16th March 2015

Botswana: The Botswana Stock Exchange’s (BSE) domestic index gained 4.75pts (0.05%) to close at 9,674.15pts (with year-to-year performance 1.82%) and foreign index remained the same as last previous trading day to close at 1571.11pts (year-to-date of 0.41%). The market capitalisation recorded at BWP 415,603.92mn, the total volume and turnover were recorded at 188,475 shares and BWP 533,307.45 respectively. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 3x with 3…

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African Market Watch: Friday, 13th March 2015

African Market Watch: Friday, 13th March 2015

Ghana: The trading on Ghana bourse close on a positive note today. The benchmark Composite index climbed by 7.33pts to 2,189.46pts; this brings its year-to-date to -3.17%. Likewise, the financial index dropped 10.14pts to 2,183.59pts (-2.68% year-to-year performance). The market capitalization was recorded at GHS63.624billion. A market activity measured by volume was recorded at 1,144,828 in thirteen shares. Ecobank Translational, UT Bank, Ghana Commercial Bank, SIC Insurance and Societe Generale were the top five most…

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African Market Watch: Thurs, 12th March 2015

African Market Watch: Thurs, 12th March 2015

Egypt: The Egyptian Exchange (EGX) indices showed mixed performance on Thursday, while market capitalisation fell by around EGP 1.3 billion amid pressure from national and Arab sell-offs. The benchmark index EGX30 erased most of its early gains, ending 0.67% higher at 9,640.77 points. The small and mid-cap index EGX70 sagged 0.11% to close at 556.3 points, while the broader index EGX100 inched 0.02% lower to 1,120.18 points. Thursday’s turnover amounted to EGP 821.9 million, generated…

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African Market Watch: Wed, 11th March 2015

African Market Watch: Wed, 11th March 2015

Egypt: The Egyptian Exchange (EGX) slid on Tuesday, losing around EGP1.3 billion of its capitalisation as traders booked gains from most leading stocks. The benchmark index EGX30 shut slightly lower by 0.04% at 9709.5 points, while small and mid-cap index EGX70 lost 0.52% to 566.38 points. The broader index EGX100 ended 0.34% lower at 1132.29 points. Today’s turnover amounted to nearly EGP 2 billion, while traded volume reached 153.2 million shares and number of transactions…

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African Market Watch: Tuesday, 10th March 2015

African Market Watch: Tuesday, 10th March 2015

Egypt: The Egyptian Exchange (EGX) slid on Tuesday, losing around EGP 1.3 billion of its capitalization as traders booked gains from most leading stocks. The benchmark index EGX30 shut slightly lower by 0.04% at 9709.5 points, while small and mid-cap index EGX70 lost 0.52% to 566.38 points. The broader index EGX100 ended 0.34% lower at 1132.29 points. Today’s turnover amounted to nearly EGP 2 billion, while traded volume reached 153.2 million shares and number of…

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African Market Watch: Monday, 9th March 2015

African Market Watch: Monday, 9th March 2015

Egypt: The Egyptian Stock Exchange (EGX) indices ended on a mixed note on Monday as the benchmark index EGX30 added 0.78% to 9,713.61 points, while market capitalisation gained EGP 1.4 billion. The EGX70, which measures small and mid-cap stocks, inched down 0.28% to 566.38 points, while the broader index EGX100 gained 0.03% to 1,139.14 points. Today’s turnover amounted to EGP 667.5 million, while traded volume reached around 166.4 million shares sealed through 19,700 transactions. The…

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Morocco’s outlook improves, external risks remain

Morocco’s outlook improves, external risks remain

The International Monetary Fund projected Morocco’s real GDP growth to rebound to 4.4% in 2015 from 2.9% in 2014, supported by improved external demand, strengthened domestic confidence and normalized agricultural output. It expected real GDP growth to average more than 5% annually over the medium term, reflecting the ongoing modernization of the agriculture sector, the continued expansion of Moroccan firms in new markets, the growing importance of newly developed sectors, as well as higher investment…

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