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Nigeria: NSE - Investors Lose N428.7 Billion in Three Days
March 19, 2015--Investors in the Nigerian stock market have lost over N428.7 billion in three days' trading as the market capitalisation of the Nigerian Stock Exchange, NSE further declined yesterday by 0.40 per cent.
The market capitalisation represents the total value of shares traded on the exchange. The NSE market capitalisation, which opened at N10.250 trillion on Monday dropped by N428.768 billion to close yesterday at N9.822 trillion.
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Source: allAfrica.com
SA stocks edge lower, eyes on Fed
March 18, 2015--South African stock prices have eased slightly as investors awaited a US central bank statement
about the future of interest rates due after African markets close.
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Source: FIN24
Rand firms after CPI falls sharply
March 18, 2015--The rand has firmed against the dollar as consumer inflation slowed sharply,
drawing buyers into the market before a much awaited policy statement on rates by the US Federal Reserve.
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Source: FIN24
JSE gets fillip from domestic data
March 17, 2015--With the dollar lying low ahead of a US Federal Reserve meeting and better-than-expected news on the current accounts deficit,
shares were slightly higher on the JSE.
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Source: FIN24
Rand softens ahead of current account data
March 17, 2015--The rand has been softer against the dollar, with scope to weaken further should a Reserve Bank
report indicate a wider-than-expected current account deficit.
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Source: FIN24
SA stocks rebound from biggest weekly drop of 2015
March 16, 2015--SA stocks have ended higher as traders chased after bargains after the main indices suffered their
biggest weekly drop of the year in the previous week.
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Source: FIN24
Rand firmer with current account, CPI in focus
March 16, 2015--The rand has firmed against the dollar as the US currency took a breather from its sharp gains.
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Source: FIN24
SA stocks end week lower, Aspen tumbles
March 13, 2015--South African stocks have fallen, dragged down by drug-maker Aspen,
after its shares fell when GlaxoSmithKline slashed its stake in the Durban-based firm.
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Source: FIN24
Rand extends losses on dollar pressure
March 13, 2015--The rand has extended losses against the dollar, falling to a
new 13-year low, as the US currency firmed on expectations the Federal Reserve could hike rates by June.
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Source: FIN24
What are Africa's pension funds investing into?
March 13, 2015--Pension funds in 10 African countries already have $379 billion in assets under management-85% or $322bn of it based in South Africa-and they continue to grow very fast.
That means careful thinking about how to nurture Africa's savings pool while the need to deploy these resources most productively puts the spotlight on the search for quality investment assets. For example, Ghana's pension fund industry reached $2.6bn by Dec 2013 after growing 400% from 2008 to 2014. Nigeria's industry has tripled in the last 5 years to some $25bn in assets by De 2013, and assets under management are growing at 30% a year.
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Source: Africancapitalmarketsnews
