South African Stock Markets |

Nigerian Equities Extend Losses Despite New Listing …NSE ASI down 51bps

LAGOA (Capital Markets in Africa) – The Nigerian bourse closed in the red for the third consecutive trading session as persistent sell-offs in market bellwethers dragged the benchmark index 0.5% southwards to 25,903.55pts, worsening YTD loss to –3.6%. Price depreciation in NESTLE (-3.7%), NIGERIAN BREWERIES (-3.5%) and ZENITH (-2.0%) were the major drag to performance. Accordingly, market capitalisation reduced by N45.7bn to N8.9tn despite the new listing of Med-View Airline Plc (MEDVIEW) which added N14.6bn to…

Old Mutual’s Asset Management Unit Attracts Possible Buyers

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Johannesburg, South Africa, Capital Markets in Africa: Old Mutual Plc, Africa’s largest insurer, said it has been approached by companies interested in buying a stake in its U.S.-based fund management unit. “Old Mutual confirms that it has received approaches from third parties to acquire its stake,” in OM Asset Management Plc, the London-based insurer said in a statement on Tuesday. There’s no certainty that the interest will lead to a purchase, it said. The company plans to split…

South Africa Equity Markets | 27 Oct 2015: South Africa Equity ends in red, resource index 2.94% lower …

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Johannesburg, South Africa Capital Markets in Africa —On Tuesday, the Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) sagged by 0.70 percent or 380.41 points to settle at 53,770.29 points and the benchmark JSE Top 40 index ended 338.00 points or 0.70 percent lower to end at 48,231.26 points. The financial sector index lost 0.38 percent or 172.60 points at 45,506.35 points. Industrial sector index and industrial 25 index dipped by 0.64 percent to end…

South Africa Equity Markets | 26 Oct 2015: JSE slips 0.27% stocks fall, Gold index 1.60% higher on Monday

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Johannesburg, South Africa Capital Markets in Africa —Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) fell by 0.27 percent or 147.71 points to settle at 54,150.70 points and the benchmark JSE Top 40 index ended 230.19 points or 0.47 percent lower to end at 48,569.26 points. Looking at the sector performance, financial sector index added 0.29 percent or 133.36 points at 45,678.95 points. Industrial sector index and industrial 25 index dropped 0.38 percent to end…

South Africa Equity Markets | 22 Oct 2015: Equity Markets Maintains Positive Sentiment lead by Gold sector ….

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Johannesburg, South Africa Capital Markets in Africa —Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) rose by 0.56 percent or 296.00 points to settle at 53,293.97 points and the benchmark JSE Top 40 index ended 220.13 points or 0.46 percent higher to end at 47,814.72 points. From the sector indices, financial sector index added 0.43 percent or 193.60 points at 44,835.44 points. Industrial sector index and industrial 25 index gained 0.47 percent to end at…

South Africa Equity Markets | 21 Oct 2015: South Africa equity in Green despite gold miner and resources indices lower ….

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Johannesburg, South Africa Capital Markets in Africa —Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) rose by 0.22 percent or 117.81 points to settle at 52,997.97 points and the benchmark JSE Top 40 index ended 184.25 points or 0.39 percent higher to end at 47,594,59 points. From the sector indices, financial sector index grew by 0.09 percent or 39.13 points at 44,641.84 points. Industrial sector index and industrial 25 index rose by 0.41 percent to…

South Africa Equity Markets | 20 Oct 2015: South Africa equity ends in red, losses across sectors …

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JOHANNESBURG, South Africa, Capital Markets in Africa — Negative sentiment continued on the Johannesburg Stock Exchange (JSE) equity trading at the end of Tuesday’s trading session. The Johannesburg Stock Exchange (JSE) All Share index sagged by 0.57 percent or 303.91 points to end at 52,880.16 points. The JSE Top 40 index also declined by 0.65 percent or 309.83 points to end at 47,410.34 points. From the sector perspectives, JSE financial sector index dipped by 0.51 percent to…

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