The stock market rebounded last week after seven consecutive weeks of depreciation as investors responded positively to the dividends declared by Dangote Cement Plc and Stanbic IBTC Holdings Plc. The market had depreciated for six weeks due to weak investors’ sentiments. However, respite came last week as the Nigerian Stock Exchange (NSE) All-Share Index rose […]
Tag: XNSA_DANGCEM
Nigerian stocks creep back to positive territory as big-cap stocks lead rally
Nigerian stocks were up by 0.63 per cent or N127.9 billion on Wednesday as investors regained morale after a significant loss at the previous trading dented confidence. The upbeat close rested on gains by sector leaders Dangote Cement, Nestle and Nigerian Breweries. Still, the cumulative appreciation recorded was not enough to offset half of the […]
AM Weekly Market Commentary – March 26, 2020
Overall sentiment on African equity markets was positive. Among the markets we cover, 12 of them advanced this week while 5 retreated. Zimbabwe led the pack as equities in Harare jumped 6.34%. Conversely, the BRVM was the laggard. Equities in Abidjan lost 1.46% over the 5-day period. West Africa BRVM – Bears were back on […]
Snapshot on African Economy as @ 260321
Friday, March 26, 2021/ 12:50PM / United Capital Research / Header Image Credit: Worldbank Group Anglophone West Africa Ghana Rating agency, Fitch assigned Ghana’s (B/Stable) proposed senior unsecured foreign-currency bonds a ‘B’ rating. Fitch highlighted the bond’s sensitivity to certain factors such as public finances, external finances, and the general macro-environment in Ghana. Ghana’s central […]
East Africa: Eight East African Firms in List of Continent’s Most Valuable Brands
Kenya’s mobile phone operator Safaricom has topped the list of Africa’s most valuable brands by market capitalisation, with shareholder wealth peaking at a record high of $14.14 billion in February 2021. According to a new monthly survey by analysts at AfricanFinancials Group, Safaricom, which is listed on the Nairobi Securities Exchange (NSE), floored West African […]
Snapshot on African Economy as @ 260321
Friday, March 26, 2021/ 12:50PM / United Capital Research / Header Image Credit: Worldbank Group Anglophone West Africa Ghana Rating agency, Fitch assigned Ghana’s (B/Stable) proposed senior unsecured foreign-currency bonds a ‘B’ rating. Fitch highlighted the bond’s sensitivity to certain factors such as public finances, external finances, and the general macro-environment in Ghana. Ghana’s central […]
AM Weekly Market Commentary – March 19, 2020
Overall sentiment on African equity markets was bearish. Among the markets we cover, 10 of them retreated this week – some of them, severely – while 6 advanced and one remained flat. Kenya led the pack as equities in Nairobi jumped 3% and are up 9.75% so far this year. Conversely, Namibian equities lost 6.69% […]
Eight East African firms in list of continent’s most valuable brands
A Safaricom shop in Nairobi. FILE PHOTO | NATION MEDIA GROUP Kenya’s mobile phone operator Safaricom has topped the list of Africa’s most valuable brands by market capitalisation, with shareholder wealth peaking at a record high of $14.14 billion in February 2021. According to a new monthly survey by analysts at AfricanFinancials Group, Safaricom, which […]
AM Weekly Market Commentary – March 19, 2020
Overall sentiment on African equity markets was bearish. Among the markets we cover, 10 of them retreated this week – some of them, severely – while 6 advanced and one remained flat. Kenya led the pack as equities in Nairobi jumped 3% and are up 9.75% so far this year. Conversely, Namibian equities lost 6.69% […]
Eight East African firms in list of continent’s most valuable brands
A Safaricom shop in Nairobi. FILE PHOTO | NATION MEDIA GROUP Kenya’s mobile phone operator Safaricom has topped the list of Africa’s most valuable brands by market capitalisation, with shareholder wealth peaking at a record high of $14.14 billion in February 2021. According to a new monthly survey by analysts at AfricanFinancials Group, Safaricom, which […]