Markets - CNBC Africa

Markets

Nigeria

Nigerian stocks hit 4-month high after MSCI re-weights index

02/06/2014 16:45:20

Nigerian stocks surged to a 4-month high on Monday after equity index provider MSCI increased the weight of Africa's biggest economy.

Nigeria's ASI up 1.1 per cent

23/05/2014 10:33:42

The All share Index swung to a positive close yesterday rallying 1.1 per cent to close at 39.553 points.

Nigeria stocks and bonds hammered as foreign investors sell off

13/02/2014 13:13:57

Nigerian stocks hit a 7-week low while the country's shortest tenor bond yield spiked 10 basis points on Thursday.

Nigeria sells 90 billion naira in 3 and 20 year bonds

13/02/2014 12:42:39

Nigeria’s Debt Management Office has issued 30 billion naira worth of three and 20 year bonds.

Kenya

Kenya shilling holds steady as NSE begins offer for IPO sale

24/07/2014 13:34:55

The Kenyan shilling traded steadily against the dollar closing at 87.80/90 to the dollar on Thursday.

Kenyan shares continue to slide

05/06/2014 16:12:39

The Nairobi Securities Exchange (NSE) 20-share index continues to shed points.

Kenya's Equity Bank set for mobile money market

27/05/2014 08:37:21

Kenya’s Equity Bank has unveiled its Mobile Virtual Network Operator (MVNO) strategy set to launch in July 2014.

Nairobi share index low

22/05/2014 16:12:39

The Nairobi Securities Exchange 20 Share Index has continued to drop as Kenya continues to feel the threat of terror attacks.

Currencies

Zimbabwe's own-label dollar coins face consumer resistance

08/01/2015 11:55:31

Nobody wanted the Zimbabwe dollar, so the country dumped it for the US dollar to stave off economic collapse & sky-rocketing hyperinflation.

The gradual fall of the naira

06/01/2015 10:02:11

The Nigerian naira is predicted to see a steady decline in 2015, despite measures taken to stabilise the currency.

Egypt current account hits deficit of $1.4 bln in first quarter

30/12/2014 12:10:40

Egypt's current account recorded a deficit of 1.4 billion dollars between July and September.

Sliding rand helps South African shares rebound, gold miners shine

11/12/2014 06:48:26

South African stocks rebounded on Wednesday.

Commodities

Metallon expects to lift Zimbabwe gold output to 150,000 oz this year

15/01/2015 09:34:36

Gold mining company Metallon Corporation's Zimbabwe business expects to raise output by more than half to 150,000 ounces this year.

Brent edges up to $62.35 after earlier crash in volatile trade

15/12/2014 08:49:55

Oil markets saw volatile trading in Asia on Monday as Brent prices first fell to a 5-1/2 year low.

Oil sinks below $63 to lowest in over 5 years on glut, weak demand

12/12/2014 11:12:51

Brent crude oil slipped on Friday to below 63 dollars a barrel.

Brent weak near $68 after Morgan Stanley cuts price forecast

08/12/2014 06:29:26

Oil prices fell more than a dollar at one stage on Monday after Morgan Stanley cut its forecast for Brent crude.

Stocks

Old Mutual will consider raising India joint venture stake: CEO

09/01/2015 08:33:17

South African financial services firm Old Mutual will discuss with partner Kotak Mahindra upping its stake in their Indian joint venture.

Global equities continue to offer investors value

17/06/2014 16:56:03

Global equities are getting more expensive and definitely not the same value experienced in 2008 and 2009.

Zuma’s cabinet not a surprise for markets

26/05/2014 08:46:02

Markets opened Monday morning relatively flat in the industrials, down in the financials and banks and up in the resources.

Update on S.African markets

23/05/2014 09:18:52

The Johannesburg Stock Exchange AltX market welcomed a new company listing on Friday, Visual International.