South Africa | - Part 90

South Africa’s rand rides on euro gains versus dollar

JOHANNESBURG (Reuters) – South Africa’s rand steadied versus the dollar after pushing firmer than the 12.00 mark overnight, helped by a stronger euro after the Federal Reserve signalled last week that U.S. rates would rise very gradually. A less aggressive than expected policy tightening cycle by the Fed would boost high-yielding emerging currencies such as the rand, even as South Africa’s own central bank is expected to keep its key repo rate unchanged on Thursday….

African Market Watch: Monday, 23rd March 2015

Posted on by The Editorial Team

BRVM [he Regional Stock Exchange, Cote d’Ivoire] BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, slightly higher than the previous day. BRVM 10 index rose from 269.37 to 269.39 points, a gain of 0.01%. BRVM Composite index gained 0.02% to 264.46 against 264.41 points previously. The equity market capitalization was recorded at XOF 6 525.66 billion. Likewise, the traded value was recorded at XOF 922.082 million and total volumes recorded…

South Africa’s rand steadies, market awaits MPC

Posted on by The Editorial Team

JOHANNESBURG (Reuters) – South Africa’s rand was largely steady on Monday, with direction likely to be driven by global market moves as investors speculate on the timing of policy tightening in the United States. On the domestic front, market players anticipated few ripples from the South African Reserve Bank’s interest rate decision on Thursday, where the benchmark repo rate will likely stay unchanged at 5.75 percent. At 0631 GMT, the rand was just 0.16 percent…

African Market Watch: Friday, 20th March 2015

Posted on by The Editorial Team

BRVM [he Regional Stock Exchange, Cote d’Ivoire] BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, higher than the previous trading day. BRVM 10 index rose from 268.38 to 269.37 points, a gain of 0.37%. BRVM Composite index gained 0.41% to 264.41 against 263.34 points previously. The equity market capitalization was recorded at XOF 6,524.51 billion, Likewise, the traded value was recorded at XOF 368.363 million and total volumes recorded at…

South Africa’s rand firms as dollar bulls take back seat

Posted on by The Editorial Team

JOHANNESBURG (Reuters) – South Africa’s rand strengthened against the U.S. dollar on Friday, shaking off a credit downgrade to state electricity company Eskom as emerging markets currencies took advantage of a weaker greenback. At 1529 GMT the rand firmed 1.9 percent to 12.0650 per dollar, having earlier hit a session high of 12.0520. The euro was headed for its best weekly performance against the dollar in more than two years, following a surprisingly dovish statement…

African Market Watch: Thurs, 19th March 2015

Posted on by The Editorial Team

BRVM [he Regional Stock Exchange, Cote d’Ivoire] BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, slightly lower than the previous day. BRVM 10 index decreased from 268.47 to 268.38 points, a drop of 0.03%. BRVM Composite index lost 0.37% to 263.34 against 264.32 points previously. The equity market capitalization was recorded at XOF 6,498.11 billion, Likewise, the traded value was recorded at XOF 734.348 million and total volumes recorded at…

African Market Watch: Wed, 18th March 2015

Posted on by The Editorial Team

BRVM [he Regional Stock Exchange, Cote d’Ivoire]: BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, higher than the previous day. BRVM 10 index gained 0.27% to close at 268.47pts and BRVM Composite index gained 0.04% to 264.32pts against 264.21pts previously. The equity market capitalization was recorded at XOF 6 522.15 billion, Likewise, the traded value was recorded at XOF 812.95 million and total volumes recorded at 150 410 shares in 157…

« 1 … 88 89 90 91 92 … 95 »