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China to restart IPOs as market stabilises
November 8, 2015--China will restart initial public offerings after suspending them in July to rein in a rout that wiped trillions of dollars from market capitalisations.
Chinese IPOs usually drain funds away from the stock market as the country's restrictive IPO system offers guaranteed profits for investors who are lucky enough to secure flotation shares
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Source: FIN24
Lonmin leads bloodbath on the JSE
November 6, 2015--The market tone on the JSE has been distinctly weaker, with Lonmin, ArcelorMittal and
Richemont leading the biggest losers.
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Source: FIN24
Rand softer as market eyes US jobs data
November 6, 2015--The rand has been slightly weaker against the dollar, with traders expecting pressure on the
currency to increase if US jobs numbers due were better than expected.
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Source: FIN24
Nigeria: Onyema-Capital Market Still Offers Investment Opportunities for Nigerians
November 6, 2015--The Chief Executive, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, on Thursday said despite the low level of investor confidence, occasioned by market volatility and downturn in the All-Share index in the capital market,
there still exists enormous investment opportunities for Nigerians to take advantage of.
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Source: AllAfrica.com
Nigeria: Economic Crisis-Foreign Investors Cut Commitment At Nigeria Stock Exchange
November 6, 2015--Activities of foreign portfolio investors, the main drivers of the Nigeria Stock Exchange (NSE), dipped significantly in September, as the nation's economic and financial challenges persisted.
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Source: AllAfrica.com
Economic Commission for Africa and the African Development Bank jointly launch two reports
November 5, 2015--Major economic progress is possible in Africa and can lead to improvement in the standard of living but we must work on structural transformation so that Africans can benefit from their economies," declared Germaine Kambinga Katomba, Minister of Industry in the Democratic Republic of Congo,
during the joint launch of the Mutual Review of Development Effectiveness Report and the Africa Competitiveness Report 2015.
Katomba said Africa has improved its competitiveness and has reduced inequality and poverty, but its focus should remain on transformation that will have a tangible impact on these factors. Despite the growth many African economies experience, gender inequality, a fact which slows growth and productivity, persists, he said.
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Source: AFDB (African Development Bank )
Rand slave to US rate hike expectations
November 5, 2015--The rand has hovered near the previous day's one-month lows against the dollar as prospects of a US
rate hike in December dented emerging currencies' appeal.
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Source: FIN24
China comments give JSE a fillip
November 4, 2015--Positive comment on China's economic prospects by President Xi Jinping have boosted resources
shares on the JSE and also pulled major indices higher.
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Source: FIN24
Rand firm in quiet trade, stocks inch higher
November 4, 2015--The rand has hardly moved against the greenback as investors await clear leads and data
releases for direction, while stocks opened a touch higher.
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Source: FIN24
JSE resources down as Industrial index remains stable
November 2, 2015--The news that the JSE has halted trading in MTN's shares pending an announcement from the
company has forced investors to the sideline.
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Source: FIN24
