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Performance on African stock exchanges in 2018
January 14, 2019--We don't need to tell you 2018 was rough for equity investors, particularly the last four months.
Only 2 African exchanges managed to buck the global trend, as judged by this table of performance of main indices for investors looking for USD returns, although four had a positive return for local currency investors.
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Source: africancapitalmarketsnews.com
Markets WRAP: Rand holds firm, ends the day at R13.88/$
January 11, 2019--The rand remained on a firm footing, closing at R13.88 to the US dollar, which slid on dovish comments from the Federal Reserve Bank.
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Source: FIN24
Markets LIVE: Rand gets 'comfortable' as EMs on the front foot
January 10, 2019--The major factor last night was the release of the Fed minutes which suggested that the Fed will be more cautious with their rate hiking path than initially expected, says TreasuryONE's Andre Botha.
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Source: FIN24
Markets WRAP: Rand closes at R13.86/$
January 9, 2019--"The overall tone in the markets is for some EM strength but as we have seen in the past, sentiment is fickle and it only takes one headline for it to change," said TreasuryONE's Andre Botha.
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Source: FIN24
Nigeria's 2.1% Economic Growth to Spur West Africa 2019 Forecast
January 8, 2019--Nigeria's 2.1 per cent economic growth projection in 2019 is expected to drive the regional growth forecast of 2.9 per cent, the United Nations report has projected.
The report by the UN Secretary-General on the 'Socioeconomic Trends' West African sub-region, forecasted an economic rebound in the West Africa sub-region in 2019.
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Source: allafrica.com
Markets WRAP: Rand closes at R13.93/$
January 8, 2019--The rand had a day's range of R13.86 to R14.05 to the dollar on Tuesday.
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Source: FIN24
Markets WRAP: Rand closes at R13.86
January 7, 2019--The rand continued to trade below the R14.00 level on Monday.
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Source: FIN24
Nigeria: NSE Unveils Ai Powered X-Bot to Enhance Market Participation
January 4, 2019--The Nigerian Stock Exchange, NSE, has launched the X-Bot, an artificial intelligence (AI)-powered Chatbot that responds directly and automatically to enquiries through Facebook Messenger.
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Source: allafrica.com
Rand extends gains against dollar, JSE positive
January 4, 2019--Dramatic swings in the rand-at one stage on Thursday it was trading as low as R14.70 to the greenback -point to a volatile year ahead for the local currency.
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Source: FIN24
Rand reverses losses to end day 1% stronger against dollar
January 3, 2019--After falling to a three-month low against the dollar earlier on Thursday, the rand clawed back its losses to end the day over 1% firmer against the greenback.
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Source: FIN24
