Stockmarkets

News : Stockmarkets

Nigeria: EFG Hermes Gains Top Spot At Kenya, Nigerian Stock Exchange

[This Day] Egyptian Financial Group Hermes Holding, EFG Hermes, has been ranked first on the Nairobi Securities Exchange and second by value traded on the Nigerian Stock Exchange, highlighting the significant strides made in both Sub-Saharan Africa's western and eastern financial hubs. (AllAfrica)


Nigeria: Equities Market Loses N25 Billion

[Daily Trust] Trading on the equities market dipped yesterday with a N25 billion loss, occurring a day after the market recorded a rebound of N50bn gain. (AllAfrica)


Nigeria: NSE - Investors Lose N25 Billion Amid Selling Pressure On Consumer Goods

[Premium Times] Transcorp was the most active stock with 428.292 million units of its stocks worth N559.209 million traded in 903 deals. (AllAfrica)


Nigeria: Meristem Unveils Economic Outlook Report, Bullish On Stock Market

[This Day] Meristem Securities Limited has predicted that the Nigerian equities market will sustain its positive momentum through the better part of the year. (AllAfrica)


Nigeria: NSE All-Share Index Rises 0.23% As Market Rebounds

[This Day] The stock market rebounded yesterday after two days of decline as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.23 per cent to close at 41,147.72. (AllAfrica)


Ghana: Gse Ended Week With Increased Market Capitalisation

[Ghanaian Times] The total market capitalisation of the Ghana Stock Exchange as of January 18 this year increased by GH¢ 17.57 to GH¢ 54,706.12. (AllAfrica)


Zimbabwe: Forex Business Boon for Zim Capital Markets

[The Herald] Zimbabwe's capital markets are likely to see a spike in US dollar-denominated assets after Government last year allowed insurance companies and pension funds to collect premiums and contributions in foreign currency. (AllAfrica)


Zimbabwe: First Mutual Properties Sets Aside U.S.$7.3 Million Dividend Pay-Out

[New Zimbabwe] ZIMBABWE Stock Exchange listed property concern, First Mutual Properties (FMP) has set aside $7.3 million quarterly dividend pay-out indicating the company's bullish performance despite the obtaining economic challenges. (AllAfrica)


Nigeria: NSE CEO Bullish On Capital Market Outlook for 2021

[This Day] The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, yesterday expressed optimism that the market would record another impressive performance in 2021, saying the exchange would consolidate on the benefits of demutualisation. (AllAfrica)


Kenya: Good Stock Prices Lure Investors to NSE

[Nation] The Covid-19 battering of Nairobi bourse-listed firm's share prices has presented an attractive opportunity for investors with a long-term view to accumulate stocks and hope for a sustained recovery as companies start turning the corner on the pandemic. (AllAfrica)


Tanzania: Dse to Remain Vibrant Backed By Banking, Cement Sectors

[Daily News] IN the coming week, we still prospect that the market will remain vibrant going forward specifically on the banking sector and Cement sector as we have seen the previous week's top counters coming from those sectors. The market will remain active during the week and mainly from the top local active counters. (AllAfrica)


Tanzania: Dse, Crdb Appreciation Pushes Up Tanzania Share Index

[Daily News] CRDB and DSE were a positive effect on the Tanzania Share Index (TSI) while the cross listed counters pulled down the All Share Index (DSEI). The TSI gained 19.61 points during the week that ended on 15th January 2021, to close at 3,513.49 points. (AllAfrica)


Nigeria: All-Share Index Falls 0.23 Percent As Market Opens On Negative Note

[This Day] Profit-taking in heavy weight counters yesterday led to a negative close for the stock market on the first day of the week. (AllAfrica)


Kenya: Sugar Companies Face Frustrations Amid Revival Bid

[Nation] Court cases, debts, lack of political goodwill and competing interests among sugar millers conspire to delay the revival of the collapsed sugar sector, resulting in a long, tortuous wait by farmers from the western Kenya's sugar belt. (AllAfrica)


Nigeria: NSE - Profit-Taking in Dangote Cement, Flour Mills Puts a Stopper On Bull Run

[Premium Times] The consumer goods sector was worst hit by the downtrend of the five sectorial indices as it slid by 0.62% to 602.71 index points, further aiding losses. (AllAfrica)


Nigeria: Equities Investors Gain N552 Billion As Market Rebounds

[This Day] The stock market rebounded last week recording a gain of N552 billion after declining in the first week of the year. (AllAfrica)


Namibia: JSE Threatens Trustco With Suspension

[Namibian] The Johannesburg Stock Exchange has given Trustco Holdings Limited until 29 January to submit provisional financial statements or risk suspension. (AllAfrica)


Zimbabwe: 'Good Times Beckon On Local Equities Market'

[Zimbabwe Independent] A FRUITFUL season lies ahead for punters on the Zimbabwe Stock Exchange (ZSE) in 2021 despite major headwinds that have perennially spelled trouble for the economy, market analysts say. (AllAfrica)


Zimbabwe: Seedco Moves to Acquire Own ZSE Shares

[New Zimbabwe] LISTED seed manufacturing giant, SeedCo International Limited has offered to buy its own shares from current holders in the Zimbabwe Stock Exchange (ZSE) listed company. (AllAfrica)


Nigeria: NSE - Nigerian Stocks Rise for Fifth Straight Day On Bellwether Gains

[Premium Times] Market breadth was significantly positive as 49 equities emerged compared to seven losers. (AllAfrica)


Nigeria: How Nigerian Govt Distributed Rice Seeds to Companies in 2020

[Premium Times] Nigeria officially banned the importation of rice two years ago, to improve the local production of rice. (AllAfrica)


Seychelles: Seychelles Hopes to Raise $212 Million On International Bond Market to Cover Projected Deficit

[Seychelles News Agency] Seychelles' government is looking to raise $212 million (SCR4.5 billion) through the issuing of treasury bills and treasury bonds, as the country finds itself in a dire financial state due to COVID-19 and the downturn in travel, the finance minister said. (AllAfrica)


Nigeria: Equities Market Rises Further As Bulls Consolidate Hold

[This Day] The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further. (AllAfrica)


Nigeria: Covid-19 - Anambra Postpones Reopening of Schools, Threatens to Close Markets

[This Day] Following the surge in COVID-19 cases in Anambra State, the state governor, Chief Willie Obiano has postponed the reopening of schools in the state by two weeks. (AllAfrica)


Nigeria: All-Share Index Rises 0.36% As Market Extends Gains

[This Day] The stock market extended its positive performance yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.36 per cent. The positive trend was buoyed by gains recorded by Dangote Cement Plc, NASCON Allied Industries Plc and AXA Mansard Insurance Plc. (AllAfrica)


Nigeria: CBN Meeting and NSE in Focus

[This Day] Nigerian stocks struggled for direction on Tuesday as investors adopted a guarded approach ahead of the Central Bank of Nigeria's interest rate decision this week. (AllAfrica)


South Africa: Ayo Share Price Surge - Some Things Are Just Too Good to Be True

[Daily Maverick] The JSE was a difficult place to be for investors in 2020, with the All Share Index returning less than 1% over the year. That is, unless you were invested in resources or a handful of small-cap shares that managed to outperform. Of these, one that stands out is AYO Technology Solutions, whose shareholders must be smiling. (AllAfrica)


Tanzania: Dse Market Activities Forecast to Increase in Coming Week

[Daily News] IN the coming week, like previous week there could be an increase in market activities as we have witnessed increased in market activities during the start of the year 2021, we still prospect that the market will remain vibrant going forward, thanks to prospects from the banking sector performance for the year ended 2020 and activities in the industrial and allied sector. (AllAfrica)


Egypt: PM Asserts Necessity of Providing Strategic Stocks of Various Commodities

[Egypt Online] Prime Minister Mostafa Madbouli asserted on Monday the necessity of offering various commodities for citizens, and providing strategic stocks in order to avoid any emergencies especially amid the spread of the coronavirus pandemic, while at the same time working to control market prices. (AllAfrica)


South Africa: Business Highlights of the Week - From the JSE's Surprising High to MTN's Low

[Daily Maverick] The JSE hit an all-time high on the third trading day of the new year. Sounds great, until you consider that it has just matched the levels it last traded at in January 2018. So, if you're invested in the broader market, your investment has gone nowhere over the past three years - although, granted, you will have earned dividends. (AllAfrica)


South Africa: Gold - a Safe Haven, or Too Hot to Handle?

[Daily Maverick] The spike in the gold price has every person and their dog interested in investing in the yellow metal. Is this a good idea? History may provide some context. (AllAfrica)