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Nigeria: Investors Stake N6.4 Billion As Index Drops By 1.8 Percent
October 10, 2016--A turnover of 934.905 million shares worth N6.357 billion in 12,352 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.287 billion shares valued at N9.303 billion that exchanged hands penultimate week in 15,258 deals.
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Source: AllAfrica.com
East Africa: Ethiopia to Overtake Kenya As Region's Top Economy
October 7, 2016--Ethiopia's economy is expected to overtake Kenya's this year, buoyed by massive government spending on infrastructure that has kept the Horn of Africa nation in the list of the world's fastest economies in the past 10 years.
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Source: AllAfrica.com
JSE lifts as world awaits US jobs data
October 7, 2016--Global currency fluctuations. which also affect the rand. have been the main driver as markets await key US data. with share prices on the JSE rallying in morning trade.
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Source: FIN24
JSE up as US data cheers global markets
October 6, 2016--All local indices-with the exception of the Industrial index-have lifted on perceptions that the global economic cycle appears to be rebounding for now.
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Source: FIN24
Rand flat as market awaits US jobs data
October 6, 2016--The rand has been largely unchanged against the dollar in early trade as investors await US job numbers which could impact appetite for emerging markets.
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Source: FIN24
Egypt's oil and gas sector rallies
October 6, 2016--New oil and gas discoveries are continuing to drive investment in Egypt's hydrocarbons sector
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Source: Zawya.com
JSE slips amid ECB policy concerns
October 5, 2016--Global markets have been rattled by media reports about the possible withdrawal of the ECB's bond buying programme, and the JSE did not escape the uncertainty.
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Source: FIN24
Rand drops alongside emerging market currencies
October 5, 2016--The rand has fallen by 20c against the dollar, after the Turkish lira's poor performance affected all emerging market currencies and the US Fed became hawkish.
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Source: FIN24
JSE lifts on London market boost
October 4, 2016--A strong run on the London Stock Exchange has pulled the JSE higher, despite the British pound's slump to the lowest level in 31 years.
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Source: FIN24
Rand takes a break from roller-coaster ride
October 4, 2016--The rand's rollercoaster ride appears to have paused according to analysts, with the South African currency trading 0.87% stronger at R13.63/$.
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Source: FIN24