South Africa

African Market Watch: Monday, 23rd February 2015

Posted on by The Editorial Team
African Market Watch: Monday, 23rd February 2015

Egypt: The Egyptian stock market closed on positive note, with the EGX 20 capped index, EGX 30 index and increased by 1.02%, 1.12% and 0.18% respectively.  Today’s top gainer today is Egyptian Company for Mobile Service, rising 10.0% to close at LE 178.93 and the top loser is Egyptian International Pharmaceutic which shaved off 8.57 percent to close at LE 78. Foreign buys and sales stood at 11.2% and 9.9% respectively of total turnover (LE 505.03…

Read More

African Market Watch: Friday, 20th February 2015

Posted on by The Editorial Team
African Market Watch: Friday, 20th February 2015

Nigeria: The Nigerian bourse extended its gaining streak today for the fifth consecutive day despite profit taking by short term investors. Today’s gain was sustained on the back of price appreciation in banking equities – Guaranty (0.8%), FBNH (0.4%) and UBA (0.3%). As a result, the NSE-ASI appreciated 35bps to close at 29,383.93 moderating YTD loss to15.2%.  Likewise, the market capitalization added N34.0bn to close at N9.8tn. However, trading activities measured by market volume and…

Read More

Consortium plans to set up South Africa’s 2nd bourse

Posted on by The Editorial Team
Consortium plans to set up South Africa’s 2nd bourse

JOHANNESBURG (Reuters) – A consortium led by Bravura Equity Services plans to set up a stock exchange in South Africa for companies that are currently trading their shares on the over-the-counter platform, the company said on Thursday.If granted, the proposed bourse would be the second exchange after the more than a century old Johannesburg Stock Exchange (JSE) – Africa’s biggest and most liquid stock market.The mooted bourse would also add another layer in the Africa’s…

Read More

African Market Watch: Wednesday, 18th February 2015

Posted on by The Editorial Team
African Market Watch: Wednesday, 18th February 2015

Kenya: The NSE 20 increased by 42.32 points in today’s trading to close at 5,446.04. The NASI Index went up 1.27 points to close at 174.17. The top gainer today was Kakuzi, rising 8.25 percent to close at KES 315.00. The top loser was BOC Kenya, shaving off 5.66 percent to close at KES 150.00. At the close of the day’s trading, volumes of shares traded were recorded at 31.04mn shares, up 68.88 percent. Turnover…

Read More
1 … 93 94 95