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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Uganda to spend $365 mln to revamp main airport

Uganda to spend $365 mln to revamp main airport

KAMPALA (Reuters) – Uganda will spend $365 million over the next six years to upgrade its sole international airport to accommodate growing passenger numbers, a senior official said on Friday.Uganda is at various stages of implementing several multi-billion dollar infrastructure projects, including two hydro power dams, a refinery, express highways and a railway line to expand its economy and prepare for oil production around 2018.Rama Makuza, the managing director of state-run Civil Aviation Authority (CAA),…

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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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African Market Watch: Friday, 6th March 2015

African Market Watch: Friday, 6th March 2015

Kenya: The NSE 20 Index dropped 37.83pts to close at 5,373.22pts. The NASI Index gained 0.23pts to close at 172.51pts with total market capitalization at KES 2,408mn. Market activities measured by volume and value traded were recorded at 36,466,000 shares and KES 1,062.271mn.  The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 1.7x with 25 advancers and 15 decliners. On the one hand, topping the price gainers list were Crown…

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