Zimbabwe: African Sun Warms to JSE Listing
ZIMBABWE Stock Exchange (ZSE) listed African Sun Limited will seek a secondary listing on the Johannesburg Stock Exchange (JSE) by the end of the year, CEO Shingi Munyeza said.
Rwanda: OTC Market Quiet
The Rwanda Over The Counter (OTC) market was quiet as no transactions were recorded.
Nigeria: FG Should Not Experiment With the Appointment of Sec DG
The federal government should not experiment with the appointment of a new Director-General of the Securities and Exchange Commission (SEC) by appointing a learner, says a senior capitala market operator.
Nigeria: Bullish Trend Persists, Share Value Rises By N81 Billion
The bullish trend in the Nigerian capital market continued for the third day running, Wednesday, as gains on the share prices of majority of the listed equities, drove up the market capitalisation and All-share index by 1.33 per cent each.
South Africa: Signs of Turning Point Buoy Bank Stocks
AN IMPROVEMENT in global risk appetite coupled with signs that the economic crisis may be bottoming out helped local bank stocks rally yesterday.
Uganda: Trading Sluggish at the Bourse
TRADING at the Uganda Securities Exchange (USE) picked up on Tuesday after a dismal performance at start of the trading week.
South Africa: Local Boards Do Well in 15-Country Evaluation
SOUTH African boards are ranked highly for their corporate governance practices compared with their European counterparts.
Nigeria: Oil Stocks' Gain Buoys Share Value By N99 Billion
The bearish trend recorded in the Nigerian capital market throughout last week, was halted Monday, as gains on the share prices of stocks in the Petroleum (Marketing) sub-sector and other blue chip companies, buoyed the value of listed equities by N99.37 billion.
Nigeria: Bullish Trend Continues, Share Value Rises By N140 Billion
The recent rally in the Nigerian capital market, entered its second day, as the value of listed equities on the Nigerian Stock Exchange (NSE) rose Tuesday, by N139.63 billion.
Nigeria: Stock Market Gains N140 Billion
Trading activities on the floor of the market closed on bullish note with market capitalization gaining N139.633 billion to close at N6.125 trillion.
Kenya: It's Sh50,000 Compensation for Nyaga Investors
Investors who lost money after the collapse of Nyaga Stockbrokers will be compensated to maximum of Sh50,000 each latest by October 2009, the Nairobi Stock Exchange management says.
Nigeria: CBN Margin Loan Audit of Banks Takes Toll on NSE Indicators
Reminiscent of the bearish days that characterised most of last year until March this year, the Nigeria's stock market suffered heavy setback last week, as the basic indicators of the Nigerian Stock Exchange (NSE), unlike in recent weeks, closed crimson red coloured. A review of the indicators showed that a significant 102 stocks suffered losses, compared with previous week's 67, leaving only 12 on the flip side, down from 56 on that side of the table a fortnight ago.
Nigeria: NSE Admits Lotus Capital's Islamic Halal Fund For Listing
The Nigerian Stock Exchange (NSE), on Monday admitted Islamic Halal Investment Fund its first Shari'a compliant investment instrument to its Daily Official List. The ethical investment fund managed by Lotus Capital a full-fledged ethical financial institution structured along the Islamic legal code, is committed to providing innovative asset management, private wealth management and general financial advisory services.
Nigeria: On Gov. Daniel's N60 Billion Bond Bid
The recent decision of Governor Gbenga Daniel to issue a N60 billion bond offer at the Nigerian Stock Exchange (NSE) has generated considerable controversy in Ogun State.The Ogun State House of Assembly, in its Resolution 167 on June 9, 2009, warned banks, the Security and Exchange Commission, the Nigerian Stock Exchange and all financial institutions not to honour the N60bn loan bid, except the legislature first ratifies such a request.
Nigeria: Lotus Capital Lists Islamic Halal Fund On NSE
Lotus Capital Limited has announced the listing of its Islamic Halal Investment Fund on the Daily Official List of the Nigerian Stock Exchange (NSE). The fund was listed on the Memorandum Quotation segment of the official list.
Nigeria: FG Should Not Experiment With the Appointment of SEC DG
The Federal Government should not experiment with the appointment of a new Director-General of the Securities and Exchange Commission (SEC) by appointing a learner, says a senior capital market operator.
South Africa: Elementone to Delist From JSE
MEDIA holding company ElementOne released its annual results yesterday and said it would delist by the end of September.
Nigeria: Stock Market Loses N706 Billion in Five Days
Trading activities on the Floor of the Nigerian Stock Exchange (NSE) last week recorded a major bearish trend with a total loss of N706.21 billion, about 6.9 percentdrop against the previous week of N6.59 trillion.
Nigeria: Islamic Halal Fund Lists on NSE
Lotus Capital has announced the Memorandum listing of its Islamic Halal Investment Fund on the Nigerian Stock Exchange (NSE).
Nigeria: UBA Capital, Others Raise N18.5 Billion Bond For Imo State
United Bank Africa Capital, the investment arm of the United Bank for Africa Plc in conjunction with other issuing houses have concluded arrangement to raise N18.5billion for the Imo State government through a bond at the nation's capital market.
Zimbabwe: Zimnat De-Lists From ZSE
INSURANCE concern, Zimnat Lion Insurance Company, yesterday de-listed from the Zimbabwe Stock Exchange to pave way for its complete takeover by its parent company, TA Holdings.
Ethiopia: ECX to Update Communication Technology
The Ethiopian Commodity Exchange (ECX) has awarded the project for the development of software to introduce the Short Message System (SMS) and an Interactive Voice Response (IVR) to Apposite LLC, a local branch of a US based IT company, EXC officials disclosed.
Nigeria: Share Value Plunges, Investors Lose N706 Billion
Investors' woes were heightened last week, as the value of their investments on the Nigerian Stock Exchange (NSE) dipped by N706.21 billion.
Nigeria: SEC Dissolves Afroil Board Over Sale of Shares
The Securities & Exchange Commission (SEC) at the weekend announced the dissolution of the board of Afroil Plc, just as it slammed a five-year ban on the Managing Director, Ishaq Olakunle Sanni, over the sale of the company's illegally warehoused shares.
South Africa: Debate On Inward Listing Rules
THE JSE is in talks with the Treasury regarding removing restrictions related to inward listings.
South Africa: 'Bombed-Out' Small Caps Compelling
SMALL-cap shares are looking compelling compared with their larger counterparts due to attractive valuations and the decline in interest rates, say two leading fund managers.
South Africa: Esorfranki Moves Up JSE Ladder
GEOTECHNICAL engineering company Esorfranki has moved its listing to the heavy construction sector of the JSE's main board after three years of phenomenal revenue growth on the junior AltX board which saw the firm's turnover pass the R1bn mark.
South Africa: New Law to Ensure SABC is Not Left to 'Mercy of Markets'
THE Broadcasting Act would be amended to introduce an appropriate funding model for the SABC "to ensure that the public broadcaster is not left to the vagaries of the markets", Communications Minister Siphiwe Nyanda said yesterday.
Nigeria: Bears Tighten Grips, As Share Value Dips By N224 Billion
The bearish trend recorded in the Nigerian capital market, in the last couple of days, continue to attain a worsening dimension, as the value of listed equities, driven by losses on the share prices of majority of quoted companies, dipped Wednesday, by N224.23 billion.
Nigeria: Stock Market Loses as CBN Audits Margin Loans
The Nigerian stock market shrunk by 6.9 per cent within three days following pressure by banks to minimise margin loan losses as well as panic sale by other investors who are said to have reacted to the decision of the Central Bank of Nigeria (CBN) to audit the loans.