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Nigeria: Investors' Woes Worsen As Market Loses N1.7 Trillion in 10 Days
January 20, 2016--The declining fortunes of investors in the Nigerian stock market is indicated by a debilitating loss of N1.764 trillion in ten trading days, as the stock market maintained its free falll last week in response to further decline in crude oil price to below $30 per barrel, and the historic depreciation of the naira to N300 per dollar in the parallel market.
Meanwhile, analysts have predicted further fall this week given the persistent weakness in price of crude oil.
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Source: allAfrica.com
South Africa: JSE Announces Expansion to Cape Town
January 20, 2016--The Johannesburg Stock Exchange (JSE) is opening a new office in Cape Town to be used for all its related events held in the city.
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Source: AllAfrica.com
JSE rallies on global recovery
January 19, 2016--The rally in world markets sparked the JSE to follow suit, with all major indices more than 1% higher by midday.<
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Source: FIN24
Rand firms as investors trim long dollar positions
January 19, 2016--The rand has gained against the dollar and could continue to benefit from investors culling their long dollar positions after a recent heavy sell-off.
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Source: FIN24
JSE gives up early gains
January 18, 2016--The JSE traded over 1% higher in early morning trade but by midday major indices were barely in the black, with some big financial shares giving up substantial gains.
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Source: FIN24
Rand up on China's anti-speculation move
January 18, 2016--The rand has edged up against the dollar, after China's central bank stepped up efforts to stabilise the yuan in its latest attempt to deter offshore speculation.
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Source: FIN24
Global rout hits JSE but AB Inbev listing lifts industrials
January 15, 2016--Investor confidence on the JSE crumbled again amid another rout on world markets, with financial and resources shares the hardest hit.
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Source: FIN24
Rand weakens on fragile global sentiment
January 15, 2016--The rand has weakened in early trade as global risk aversion caused by fears over the health of the global economy on falling oil prices hit risk assets.
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Source: FIN24
Nigeria plans return to international bond markets
January 14, 2016--Nigeria is planning to make a comeback on international bond markets two years after its last sale of debt, as the country attempts to plug an $11bn budget deficit.
However, the cost of international borrowing for emerging markets has surged in the intervening years as a result of lower oil prices and a slowdown in...
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Source: businessdayonline.com
JSE tracks global markets lower
January 14, 2016--Sluggish economic conditions worldwide have led to plummeting markets, and all major JSE indices bar gold were down by midday.
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Source: FIN24