Stockmarkets

News : Stockmarkets

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)


Nigeria: Stock Market Gains N107 Billion On Continuing Bullish Trading

[This Day] The Nigerian stock market sustained its positive trend leading to a growth of 0.79 per cent in the Nigerian Stock Exchange (NSE) All-Share Index (ASI) to close at 25,987.14, while market capitalisation added N106.7 billion to be at N13.6 trillion. (AllAfrica)


Nigeria: Banks, Insurance Companies, Others to Join Labour's Strike

[This Day] The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has directed that all workers within its purview follow suit and embark on the planned nationwide which is slated to commence on Monday, September 28, 2020 (AllAfrica)


Nigeria: Purchasing Managers' Index Contracts in September

[This Day] The Manufacturing Purchasing Managers' Index (PMI) stood at 46.9 index points in September, indicating contraction in the manufacturing sector for the fifth time, (AllAfrica)


South Africa: A Toxic Cocktail Looms Large Over Financial Markets Heading Into Infamous October

[Daily Maverick] October has been given a bad rap in financial markets historically - and perhaps deservedly so. Together with the US elections heading for an uncertain outcome, escalating Covid-19 infections and an unsteady economic recovery, we will need to keep our wits about us to make it through to the end of the year intact. (AllAfrica)


Namibia: Breweries Says Markets to Remain Under Pressure in the Short-to-Medium Term

[Namibia Economist] Namibia Breweries Limited was not able to recover volumes lost during COVID-19 alcohol bans, seeing a 16.6% decline in overall volumes by the end of the financial year ended 30 June 2020. (AllAfrica)


Nigeria: 78 Companies Bid for NNPC Pipelines Rehabilitation

[Leadership] Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that no fewer than seventy-eight companies submitted virtual bids to rehabilitate its downstream pipelines, associated depots and terminal infrastructure through the Finance, Build, Operate and Transfer (BOT) model. (AllAfrica)


Nigeria: Central Bank Investigates 55 Companies Over Forex Infractions

[Vanguard] Amidst sustained pressures on Nigeria's official foreign exchange (forex) resources, the Central Bank of Nigeria, CBN, has opened investigations into foreign exchange transactions of 55 companies and individuals. (AllAfrica)


Tanzania: Tanzania, Rwanda and Uganda Race Ahead to Forge a Single Stock Market

[East African] Three East African countries have joined forces to implement a World Bank-funded financial project that aims to connect regional stock markets electronically. This means they can operate as a single market with a view of reducing the cost and time of trading in shares of companies listed on markets across the borders. (AllAfrica)


Namibia: Stock Exchange Overall Share Price Declines Significantly in First Quarter

[New Era] The Namibian Stock Exchange (NSX) overall share price index fell to 900.32 by the end of the first quarter of 2020 and closed at 1306.36 points at the end of 2019, when compared with 1307.76 points at the end of 2018. (AllAfrica)


Nigeria: NSE Restates Commitment to Providing Access to Funding By Firms

[This Day] The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has restated the commitment of the exchange towards the provision of a platform for companies and other issuers to meet their strategic business objectives through access to funding and other services. (AllAfrica)


Nigeria: Why We Floated a New Institute - CIS Boss

[Vanguard] The Chartered Institute of Stockbrokers (CIS), yesterday, defended the floating of Chartered Institute of Securities and Investment Management, CISIM, to replace the Chartered Institute of Stockbrokers, CIS in line with global structure. (AllAfrica)


Nigeria: CBN Goes Tough, Probes Gaming Companies' Alleged Foreign Exchange Infraction

[This Day] Following its earlier decision to place the accounts of some gaming companies under post-no-debit (PND), the Central Bank of Nigeria (CBN) has extended the probe into the allegation of unauthorised foreign exchange (FX) transfer against the companies and directed all banks to submit to it the domiciliary account statements of some individuals and organisations. (AllAfrica)


Nigeria: Equities Market Declines As Investor Sentiment Weakens

[This Day] The equities market returned to negative territory yesterday after opening the week on a positive note the previous day. The market had gained 0.1 per cent on Monday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose to 25,605.59, while market capitalisation added N7.1 billion to close at N3.32 trillion. (AllAfrica)


Nigeria: SEC Begins Regulation of Crypto-Currency Assets to Protect Investors

[This Day] Nigeria's Securities and Exchange Commission (SEC) has said it will begin regulating trade in crypto assets to protect investors and ensure market integrity and transparency. (AllAfrica)


Tanzania: Dse Turnover Rise Reflects Forecasts of Analysts

[Daily News] DAR ES SALAAM Stock Exchange (DSE) total equities market turnover rose two-thirds to a week ending last Friday and reflected stockbrokers' forecasts. (AllAfrica)


Egypt: All Bourse Indexes Down At Closing

[Egypt Online] Egyptian Exchange (EGX) indexes went down on Monday Sept 14, prompted by sales operations to gain profits. (AllAfrica)


Nigeria: NSE Intensifies Efforts to Introduce Derivatives to Nigerian Capital Market

[Vanguard] As investors anticipate the launch of derivatives trading in the Nigerian capital market, the Nigerian Stock Exchange (NSE) is laying the ground work to build a standardized derivatives market. (AllAfrica)


Africa: Traditional Markets, Small-Format Shops Account for 90% of Urban Food Retailing in Africa - Report

[Premium Times] Traditional markets and small-format shops currently account for 80 to 90 per cent of urban food retailing in African cities, a report has shown. (AllAfrica)


Nigeria: Onyeama Urges Govt to List Proposed Infraco On NSE

[This Day] The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has called on the federal government to prioritise the listing the Central Bank of Nigeria's (CBN) proposed N15 trillion infrastructure development company (Infraco) fund on the NSE. (AllAfrica)


Nigeria: NSE Intensifies Efforts to Introduce Derivatives to the Capital Market

[This Day] The Nigerian Stock Exchange (NSE) has intensified efforts towards the introduction of derivatives to the Nigerian capital market. In line with this, the NSE held a capacity building session recently. (AllAfrica)


Nigeria: Companies Urged to Comply With Data Protection Regulation

[This Day] ESET Nigeria has urged companies to comply with the Nigeria Data Protection Regulation (NDPR), insisting that compliance will impact on data protection governance, information systems and security configuration, as well as documented policies and processes. (AllAfrica)


South Africa: Don't Be Surprised If Emerging Markets, Including SA, Outperform in the Medium Term

[Daily Maverick] Informed investors who have followed a phased approach of investing surplus capital offshore have enjoyed significant additional growth to their investment portfolios and overall wealth. However, not all investors who invested offshore during this time have had the same experience. In light of the severe current pessimism in South Africa, it is prudent to remind investors of some of the key pitfalls of offshore investing. (AllAfrica)


South Africa: MEC Nomusa Dube-Ncube On Trade Mission Between Kwazulu-Natal and United Kingdom Companies

[Govt of SA] I wish to extend an invitation to the members of the media to be part of the first ever Online Virtual Trade Mission involving companies in KZN and the United Kingdom. (AllAfrica)


Kenya: Kenya Power in Whopping 91pc Profit Plunge

[Nation] Kenya Power's net earnings have plunged 91 percent for the year ended June 30, 2019. (AllAfrica)


Nigeria: Interim Dividend - NSE Market Capitalisation Up N26 Billion

[Premium Times] The nation's bourse sustained positive rally on Thursday with the market capitalisation increasing by N26 billion on the back of interim dividends declared by some banks. (AllAfrica)


Nigeria: NSE Suspends MedView Airline, Capital Oil, Four Other Companies

[Premium Times] The Nigerian Stock Exchange (NSE) has suspended trading in six companies. (AllAfrica)


Zimbabwe: Vic-Falls Stock Exchange Gets Operating License

[263Chat] The much awaited Victoria Falls Stock Exchange (VFEX) has been granted operating license by the regulator, the Securities and Exchange Commission of Zimbabwe ("SECZ"). (AllAfrica)


Nigeria: Prices of Food Stuffs Soar Across Taraba Markets

[Daily Trust] Jalingo -- Price of food stuffs has gone up in Taraba state even as farmers are witnessing bumper harvest. (AllAfrica)


Tanzania: Domestic, Cross Listed Counters Rise Push Up Dse Indices

[Daily News] BOTH major indices were on the green during the week that ended on 28th August 2020 following appreciation of some domestic and cross listed counters. (AllAfrica)


Zimbabwe: Getbucks Appoints Two Non-Executive Directors

[The Herald] Zimbabwe Stock Exchange listed microfinance institution, GetBucks Microfinance Bank Limited has appointed two new non-executive directors, Ruvimbo Matsika and Joseph Machiva. The appointments took effect from February 12, 2020. (AllAfrica)