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Zimbabwe: Stock Exchange Capitalization Surge As Investors Seek Refuge
February 20, 2020--Market capitalization on the Zimbabwe Stock Exchange (ZSE) grew 64 percent in just a little over a week to reach ZWL$ 67 billion as at close of trading yesterday on the back of investors continuing to seek shelter in the equities amid local currency depreciation, 263Chat Business can report.
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Source: allafrica.com
Local bourse erases earlier gains as risk aversion returns
February 20, 2020--The JSE had managed to get off to a firmer start before the declines in Europe weighed in the afternoon session.
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Source: FIN24
Resources carry the JSE
February 19, 2020--Stocks in Europe were buoyant with gains being recorded across all the major indices, while US stocks also managed to open firmer.
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Source: FIN24
Local stocks softer on downgrade fears
February 18, 2020--Weakness was not only limited to the local bourse as global markets also retreated on the back of concerns that the coronavirus would have much bigger impact on global growth
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Source: FIN24
IMF Staff Concludes Article IV Consultation to Nigeria
February 17, 2020--Growth is still recovering, inflation is increasing, and external vulnerabilities are rising.
Fiscal reform momentum and recent tightening of monetary policy are welcome.
Major policy adjustments remain necessary to contain short-term vulnerabilities and unlock Nigeria's growth potential.
An International Monetary Fund (IMF) staff team led by Amine Mati, Senior Resident Representative and Mission Chief for Nigeria, visited Lagos and Abuja from January 29-February 12, 2020 to conduct its annual Article IV Consultation discussions on Nigeria's economy.
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Source: IMF
Rand slumps as Moody's lowers SA growth forecast
February 17, 2020--South Africa's rand weakened and bond yields rose after Moody's Investors Service lowered its forecasts for economic growth, raising the risk the country may lose its last investment-level credit rating.
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Source: FIN24
JSE advances as global stocks hold steady
February 17, 2020--The rand plummeted in the afternoon session after Moody's lowered South Africa's GDP forecast to 0.7% from 1%
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Source: FIN24
Rand leads EM currency gains as traders digest Ramaphosa speech
February 14, 2020--The local currency is heading for its best weekly performance this year.
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Source: FIN24
Local bourse inches higher after another slow session
February 14, 2020--The outlook was mixed in most global markets starting off in Asia where the Hang Seng and Shanghai Composite Index gained 0.31% and 0.7% respectively, while the Nikkei shed 0.59%.
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Source: FIN24
Resources lead JSE rally
February 12, 2020--The JSE opened mildly firmer and climbed further as the session progressed. The surge started off in Asia where the Shanghai Composite Index gained 0.81%, the Hang Seng added 0.87% while the Nikkei rose 0.74%.
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Source: FIN24
