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Nigeria: Flexible Exchange Rate May Spur Stock Market Investment
June 10, 2016--The much-anticipated flexible exchange regime to be introduced by the Central Bank of Nigeria (CBN) is expected to result in an increased allocation of investments by Pension Fund Administrators (PFAs) in the Nigerian Stock Exchange (NSE).
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Source: AllAfrica.com
JSE slips on GDP blow and global concerns
June 9, 2016--The JSE has traded lower in reaction to a 1.2% loss in first-quarter GDP, with all major indices down by mid-morning and commodities the biggest loser.
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Source: FIN24
Rand stumbles as recession risk rises
June 9, 2016--The rand has retreated as investor confidence was rattled by data showing the economy contracted sharply in the first quarter, raising the risk of recession.
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Source: FIN24
JSE a mixed bag on economic data
June 8, 2016--The JSE was at midday a mixed bag, with industrial and financial shares sharply down but resources and gold reacting solidly on good economic news for China and higher commodity prices.
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Source: FIN24
Rand halts rally, Fitch review keep market wary
June 8, 2016--The rand has pulled back from the previous session's four-week highs against the dollar and traders said GDP data expected to show a small contraction.
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Source: FIN24
SA makes final junk hurdle, but GDP dives 1.2%
June 8, 2016--Ratings agency Fitch has affirmed SA's investment grade credit, and surprisingly kept its outlook stable, while Stats SA has revealed that first quarter GDP shrunk by 1.2%.
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Source: FIN24
All eyes on GDP and ratings agency Fitch
June 8, 2016--Economists expect a negative GDP reading for the first quarter of 2016, while ratings agency Fitch should follow Moody's and S&P and not downgrade SA to junk status.
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Source: FIN24
JSE rises as risk appetite grows
June 7, 2016--More risk appetite for shares, which has pushed global markets higher, also gave the JSE strong support with all the major indices higher by mid-morning.
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Source: FIN24
Rand's depreciation set to continue
June 7, 2016--Pressure on the rand is likely to resume amid continued policy uncertainty, political tensions, and lacklustre economic growth, according to Overberg Asset Management.
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Source: FIN24
Nigeria: Capital Market Slumps Below 3-Yr Lows in 2015-CSCS Boss
June 6, 2016--The Central Securities Clearing System (CSCS) Plc has stated that the Nigerian capital market slumped below its three-year low in 2015 due to dwindling crude oil price, foreign exchange problems and exodus of foreign portfolio investors.
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Source: AllAfrica.com
