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Nigeria: The Cost of Dropping Off JP Morgan's Index
September 14, 2015--In the end, it would seem that the markets were not as sanguine (as was the Central Bank of Nigeria, CBN) about the implications for the economy of JPMorgan's decision, announced last week, to phase Nigerian bonds out of its emerging markets government bond (GBI-EM) index series over two month-end rebalancing periods.
This phasing out will commence by end-September, terminating on October 30, 2015. Initial reports on the markets' reactions speak of an increase in price volatility in both the domestic bonds.
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Source: AllAfricanews.com
Morocco drafts new rules to attract stock market investors
September 11, 2015--Morocco's government is considering allowing foreign companies to list on the Casablanca stock exchange and creating a second market dedicated to small and medium-sized businesses.
The foreign companies' shares could be listed in foreign currency or in Morocco's dirham, the government said after the cabinet agreed a draft law on Thursday at the weekly cabinet meeting.
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Source: Zawya.com
Nigeria: Investors' Lose N1.03 Billion in Eight Months to Falling Equities
September 2, 105--[Guardian] The equities on the Nigerian Stock Exchange (NSE) shed cumulative value of N1.02 trillion in the last eight months,
due to a largely bearish profile of trading during the period.
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Source: AllAfrica.com
Sappi, Sibanye lead JSE lower
August 7, 2015--The JSE has fallen for the second session in a row, led by companies such as pulp and paper
company Sappi, which was waylaid by poor earnings.
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Source: FIN24
Resources drag JSE down
August 6, 2015--Resources shares on the JSE took another beating,
slamming the brakes on the overall market performance.
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Source: FIN24
Rand edges higher, remains vulnerable
August 6, 2015--The rand has inched higher against the dollar, just off 14-year lows, as the market remains in
wait-and-see mode ahead of all-important US employment data.
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Source: FIN24
JSE treads water after surprise upturn
August 5, 2015--Major indices on the JSE have hardly moved, but interesting times lie may ahead after the market's
unexpectedly strong performance during the previous session.
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Source: FIN24
Rand breaks through R20/£
August 5, 2015--The rand has broken through the R20 to the pound level and
has tumbled to its lowest level in more than 13½ years.
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Source: FIN24
Nedbank fillip boosts JSE
August 4, 2015--A strong performance by Nedbank has given the Financial index on the JSE a firm lift
which in turn helped pull the whole market higher.
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Source: FIN24
Rand recovers but remains vulnerable
August 4, 2015--The rand has recovered some lost ground against the dollar and its emerging market peers in early
trade, but remains vulnerable ahead of US jobs data.
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Source: FIN24
