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DMS-Emerging Markets: Frontier Markets: Nigerian Economy on the Edge
August 16, 2016--It has only been a month since I last wrote about Nigeria possibly slipping into a recession, but I decided to revisit the country because of all the negative news emanating from there.
The question I had asked in my earlier article was whether Nigeria was heading into an economic recession. The question has now been answered, and it is a resounding yes!
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Source: Peter Kohli, CEO, DMS Funds
JSE gets boost from London resources rally
August 16, 2016--A recovery in resources shares in London, where all the major commodity groups have their primary listings, has lifted the local stock exchange.
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Source: FIN24
Rand loses ground despite signs SA will avoid a recession
August 15, 2016--The rand has given back 2% of its gains against the dollar, despite positive production data signalling SA will avoid a technical recession.
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Source: FIN24
Nigeria: Investors Lose N50.9 Billion As Market Capitalisation Drops to N9.358 Trillion
August 15, 2016--Investors in the nation's stock market lost N50.9 billion last week as market capitalisation dropped to N9.358 trillion on Friday from N9.408 trillion it opened during the week.
In the same vein, another stock market gauge, the All Share Index depreciated by 0.65 per cent to close the week under review at 27,246.88 points.
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Source: AllAfrica.com
Rand gains for fourth week as JSE rises
August 12, 2016--The rand has strengthened for a fourth week against the dollar as investors seeking higher yields piled into SA bonds and stocks.
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Source: FIN24
Financial shares crown JSE rally
August 12, 2016--The financial sector has rebounded strongly on the JSE, with the rest of the bourse following on the back of firm international markets.
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Source: FIN24
Nigeria: S'Africa Overtakes Nigeria As Africa's Biggest Economy
August 11, 2016--In dollar terms, South Africa is once again the biggest economy on the African continent, a position it reclaimed from Nigeria.
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Source: AllAfrica.com
JSE tracks global markets lower
August 11, 2016--All major indices on the JSE have lost ground as the bourse showed little movement and the market again struggled for direction.
Rand sits tight below R13.40/$
August 11, 2016--The rand has held steady at a new 10-month high as it continues to benefit from offshore yield players, Brexit, mixed data from the US and liquidity in the local market.
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Source: FIN24
