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Nigeria: Why Nigerian Stocks Are Rising
May 13, 2017--Nigerian stocks rose to a more than six-month high on Wednesday, lifted by gains in the banking, cement and oil sectors as dollar liquidity continued to improve on the currency market.
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Source: AllAfrica.com
JSE slips as rand firms and Richemont shows 5% loss
May 12, 2017--The JSE has dipped after Richemont, one of its biggest shares, shed more than 5% in early trade in response to a 14% drop in operating profit for the full year until end-March.
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Source: FIN24
JSE slips on firmer rand
May 11, 2017--The JSE slipped as the rand firmed to R13.38 to the greenback, following weaker dollar prices. The only winning index on the market belonged to the gold miners.
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Source: FIN24
JSE shows modest gains after previous session's rally
May 10, 2017--Share prices on the JSE have been taking a breather after the previous session's strong run in line with European markets, where trade was also sluggish.
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Source: FIN24
Rally in gold stocks boosts JSE
May 10, 2017--The JSE closed firmer, with gold miners the champions of the day, while the strengthening of the rand suited the financial stocks and retailers.
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Source: FIN24
Naspers rally propels JSE
May 9, 2017--The local bourse closed firmer as financials and industrials traded higher. Gold stocks capped gains on the JSE, as the price of gold remains weak.
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Source: FIN24
Rand falls on poor Chinese trade data and euro optimism
May 9, 2017--The rand has dropped, following worse-than-expected trade data from China and euro optimism following the French election victory by Emmanuel Macron.
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Source: FIN24
Sub-Saharan Africa: Restarting the Growth Engine
May 9, 2017--Sub-Saharan Africa's growth has fallen to its lowest level in more than 20 years, the IMF said in its latest Regional Economic Outlook for Sub-Saharan Africa.
While some countries like Senegal and Kenya continue to experience growth rates higher than 6 percent, growth has slowed for two thirds of countries in the region bringing down average growth to 1.4 percent in 2016.
view the IMF-Regional Economic Outlook: Restarting the Growth Engine
Source: IMF
Nigeria: Stock Market Gains N156 Billion On Renewed Investor Sentiment
May 8, 2017--It was another bullish week for equities investors as the market rode on the continued positive sentiments to gain N156.2 billion.
The market, which had previously recorded its highest weekly gain, rallied further last week on persistent investors' positive reactions to first quarter (Q1) earnings reported by companies.
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Source: AllAfrica.com
Resources drag down JSE as commodity prices fall
May 8, 2017--Resources shares have pulled the JSE down, putting further pressure on already-low commodity prices with all major commodity groups listed on the JSE losing ground by mid-morning.
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Source: FIN24
