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S&P Dow Jones Indices-Africa
February 2, 2015--It was a disappointing month for West Africa-and Nigeria in particular-but strong performances in South Africa helped the S&P All Africa to a total return of 1.4% for January, recovering somewhat from December's rout.
The S&P South Africa Composite rose by 3.15%, with the blue chip S&P South Africa 50 trailing the composite index by around 0.2%.
Elsewhere, the S&P Egypt BMI rose by 3.7%, as the central bank eased rates and widened the possible trading range of the Egyptian pound against the U.S. dollar. At the bottom of the pack came Nigeria, where terrorist group Boko Haram’s assault on the major northeastern city of Maiduguri added to the concerns of investors already noting the impact of low energy prices on the country's economy.
It was a good month for African fixed income investors, as the majority of our indices gained. The S&P South African Sovereign Bond Index showed the most notable performance with a total return of 6.8% for the month.
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Source: S&P Dow Jones Indices
JSE dips as investors take a breather
February 2, 2015--Share prices on the JSE have mostly been lower as investors seem to be
taking a breather after last week's strong run.
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Source: FIN24
Slightly firmer rand may lose footing
February 2, 2015--The rand is slightly firmer against the dollar, with scope
to lose ground after weak manufacturing data from China added to a bleak outlook for the global economy.
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Source: FIN24
JSE edges up in tandem with world markets
January 30, 2015--Thursday's drop in share prices on the JSE was nothing more than the market taking a breather, as the major indices continued their upward trend on Friday morning.
By midday the All-share index was well above 51 000 and the Top 40-index solidly above 45 000.
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Source: FIN24
Rand firmer after Sarb holds lending rate
January 30, 2015--The rand has gained against the dollar following a decision by the South African Reserve Bank to
leave interest rates unchanged.
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Source: FIN24
JSE run ends on negative reaction to Fed news
January 29, 2015--The run on the JSE over the last few days has come to a halt as markets worldwide gave a
negative interpretation to the Federal Reserve's latest monetary policy statement.
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Source: FIN24
Rand slips to week low ahead of rate decision
January 29, 2015--The rand has fallen to its weakest in a week as the dollar gained after the Fed's policy
statement, while eyes now turn to the Reserve Bank's interest rates decision.
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Source: FIN24
JSE runs out of steam after promising start
January 28, 2015--Stocks on the JSE started the day like a sprinter racing from the starting blocks,
but the market could not maintain the pace.
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Source: FIN24
Rand on shaky ground as power supply wobbles
January 28, 2015--The rand has remained on the back foot against the dollar after weakening to one-week lows
overnight, as investors fretted about the impact of the electricity shortage.
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Source: FIN24
Rand hovers near 7-week high on ECB move
January 23, 2015--The rand has traded within easy sight of 7-week highs after the ECB unveiled its bond-buying
programme, but some analysts feel its rally might have been overdone.
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Source: FIN24
