stock-markets

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Nigeria: Investment in Bonds Rises
Investors at the Nigerian Stock Exchange (NSE), have continued to intensify interest in the bond market due to the dominance of the bears in the market.
Source : AllAfrica | 15-Oct-2008 14:29

Kenya: Can't We Ever Learn?
One inevitable consequence of unbridled capitalism is business failure. That is why the financial woes currently facing stockbroker Discount Securities are not a novelty.
Source : AllAfrica | 15-Oct-2008 13:02

Kenya: Governance, Not Global Meltdown, the Problem
The coincidence may be blinding and the echoes eerie, but it is simplistic to frame the woes bedevilling Discount Securities and its clients exclusively as part of the wider global financial meltdown.
Source : AllAfrica | 15-Oct-2008 13:02

Kenya: Panic Selling Hits Bourse
Panic selling across the counters saw trading at the Nairobi Stock Exchange dip to a 3-year low after Capital Markets Authority's decision to restructure Discount Securities.
Source : AllAfrica | 15-Oct-2008 13:02

Emerging Markets to the World's Rescue
IN A twist of fate, emerging markets are likely to lead the global market recovery that is expected to emerge from the huge financial packages western governments have unveiled to try and nip the market turmoil in the bud.
Source : AllAfrica | 15-Oct-2008 12:42

Nigeria: NSE's Approval of Five 'Market Makers' Divides Banks
A struggle has broken out among banks over appointment as market maker for the stock market even as indications emerged yesterday that the Nigerian Stock Exchange (NSE) may have approved five banks for the deal.
Source : AllAfrica | 15-Oct-2008 12:04

Nigeria: Oak Pensions Promises Contributors Maximum Yield
The management of Oak Pensions Limited (PFA) says its focus and strength will be the application of modern information technology for the management, operation and investment of pension funds for maximum yield to contributors.
Source : AllAfrica | 15-Oct-2008 11:36

Nigeria: PenCom Reviews Regulations On Investment of Pension Funds
National Pension Commissioner (PenCom) has once again reviewed the regulations on the investment of pension fund assets by further creating more investment outlets for Pension Fund Administrators (PFAs). The new regulation became effective on October 10, 2008.
Source : AllAfrica | 15-Oct-2008 11:36

Nigeria: 'How to Avert Stock Market Meltdown'
Rep. Uche Ekwunife (PDP Aniocha/Njikoka/Dunukofia), has advised experts trying to save Nigerian money markets from the brink to concentrate on the stock market if meaningful results can be achieved.
Source : AllAfrica | 15-Oct-2008 11:28

Nigeria: Meltdown Makes Several Stocks Become Undervalued - Analysts
If there has ever been a time when discerning investors should take advantage of the market meltdown, several analysts agree it is now. Why? The prices of stocks quoted on the Nigerian Stock Exchange are now on offer at a huge discount to their fair value.
Source : AllAfrica | 15-Oct-2008 11:26

Nigeria: Can CEOs of World Stock Exchanges Restore Market Confidence?
In what may be a last ditch effort to rescue the global stock market from a financial crisis that has caused unimaginable heartache to several families, leading to the loss of top blue chip jobs, chief executives of stock exchanges across the globe began meeting on Sunday, October 12.
Source : AllAfrica | 15-Oct-2008 11:25

Nigeria: No Sign of Recovery At Stock Market
Bears continue to dominate the activities on the trading floor of Nigerian Stock Exchange despite assurance by the regulatory authorities and the Federal Government that the nation's market is strong.
Source : AllAfrica | 15-Oct-2008 10:43

Nigeria: Stock Market Indices Dip Further By 0.73 Percent
The declining trend of the Nigerian stock market continued on Monday, as the indices for measuring performance of listed securities on the Nigeria Stock Exchange (NSE), the All-share index and market capitalisation depreciated by 0.73 per cent each.
Source : AllAfrica | 15-Oct-2008 10:17

Nigeria: Stockbrokers Express Lack of Confidence in Financial Bailout
Stock brokers have expressed lack of confidence in the speculated N600 billion bailout plans by some banks to resolve the lingering stock market down turn
Source : AllAfrica | 15-Oct-2008 10:17

Uganda: Companies Urged to Research on 'Mukene'
The fisheries ministry has advised fish processing and exporting companies to explore opportunities of exporting mukene (silver fish) to the international market.
Source : AllAfrica | 15-Oct-2008 09:57

Global Recession 'Will Cut Profits Sharply in SA'
SOUTH African markets have been relatively sheltered from the global turmoil, with shares suffering smaller hits than stocks on the US and European markets. However, the looming global recession is likely to lead to a sharp fall in profits across the board.
Source : AllAfrica | 15-Oct-2008 09:13

South Africa: Markets Bounce as U.S. Sinks $250 Billion in Banks
GLOBAL markets continued their rebound yesterday, buoyed by the biggest bank rescue in European history and new moves by the US to inject $250bn into the banking sector.
Source : AllAfrica | 15-Oct-2008 07:55

Kenya: Third Stock Broker in Trouble
The Capital Markets Authority on Monday moved to forestall the collapse of yet another stock brokerage firm and replaced its executive director.
Source : AllAfrica | 14-Oct-2008 17:20

Nigeria: Market Capitalisation Remains Bearish
As market resumed yesterday on the floor of the Nigerian Stock Exchange (NSE), market capitalisation maintained its bearish posture with N9.381 trillion to N9.45trillion on Friday.
Source : AllAfrica | 14-Oct-2008 13:17

South Africa: The Man Who Predicted the Tsunami
I RECEIVED a question from a reader at the weekend: "Do you hold the idea that the dollar gold price will move to the $1200/oz mark in four years' time, given the uncertainties of the prospects of the global economy?"
Source : AllAfrica | 14-Oct-2008 13:06

Nigeria: Afromedia Eyes Stock Exchange, Reconstitutes Board
Preparatory to the listing of its shares on the Nigerian Stock Exchange (NSE), Afromedia Plc, weekend unveiled a new board charged with the responsibility of taking the company to the public as well as making it a pan African entity.
Source : AllAfrica | 14-Oct-2008 11:50

East Africa: Regional Training Institute for Capital Markets Starts
A regional training institute for capital market participants has been launched; raising hopes that the current capacity deficit in the sector will be addressed.
Source : AllAfrica | 13-Oct-2008 16:33

Nigeria: C&I Leasing Posts N3 Billion Turnover
C & I Leasing Company Plc, the only leasing company listed on the floor of the Nigerian Stock Exchange (NSE), has recorded a turnover of N3 billion in its half year result ended July 31, 2008.
Source : AllAfrica | 13-Oct-2008 15:35

Nigeria: Intercontinental Bank Gross Earnings Hit N121 Billion in Half Year
Intercontinental Bank Plc has recorded gross earnings of N121 billion in its half year result ended August 31, 2008.
Source : AllAfrica | 13-Oct-2008 15:35

Nigeria: World Financial Crisis - WFE Holds Talks in Italy
As the world economic downturn continues unabated, the World Federation of Exchanges (WFE) has invited all Chief Executive Officers of member exchanges worldwide to a "crucial" meeting in Milan, Italy to discuss developments in the global securities market. The four-day meeting started yesterday.
Source : AllAfrica | 13-Oct-2008 15:06

Nigeria: Investment Coy Gives N250 Million Dividend to FCTA
The FCT Minister, Dr. Aliyu Modibbo Umar has commended the Board, Management and staff of the Abuja Investment Company Limited for making the first ever dividend payment to the FCT Administration.
Source : AllAfrica | 13-Oct-2008 15:06

Kenya: CMA Proposes Measures to Protect Local Markets
The Capital Markets Authority (CMA) has proposed measures to protect the country from the kind of credit crisis currently facing financial markets across the globe.
Source : AllAfrica | 13-Oct-2008 14:26

Nigeria: Soludo - 11 Countries Seek Nigeria's Safety Model
Eleven countries are consulting Nigeria on how to manage the effects of the on-going global financial crisis in their respective countries, the Central Bank of Nigeria Governor, Prof. Chukwuma Soludo has said.
Source : AllAfrica | 13-Oct-2008 13:04

Nigeria: Global Financial Meltdown - Country Panics
The market fundamentals of the Nigerian capital market are strong with many quoted companies still posting mouthwatering profits.
Source : AllAfrica | 13-Oct-2008 12:50

Nigeria: CCNN - Firm & Market Challenges
From a peak of N24. 50 per share it attained in April this year, just about a month before the market downturn set in; the Cement Company of Northern Nigeria (CCNN)has been shedding in value even when investors spotted a green light from the first quarter result.
Source : AllAfrica | 13-Oct-2008 12:43

Nigeria: Is NSE Not Ripe As PLC?
Established in 1960 and named Lagos Stock Exchange, the capital market operator became The Nigerian Stock Exchange (NSE)in December 1977. Ever since, the NSE, with the mission to "promote increased capital formation in Nigeria by providing issuers and investors with a responsive, fair and efficient stock market through competent and dedicated professionals using the latest technology" is a self-regulatory organisation (SRO), and proving capable to take the Nigerian economy to such an enviable height.
Source : AllAfrica | 13-Oct-2008 12:39

Nigeria: Index Drops 2.91 Percent to Continued Bearish Run
News of the bail-out package being worked by the Nigerian Stock Exchange and some banks, has so far failed to change the market's slant, with the bears still firmly in charge, after 76 companies closed in the red at the end of last week, as against just 10 on the flip side.
Source : AllAfrica | 13-Oct-2008 12:15

Nigeria: Why the Slide in the Stock Exchange Will Continue
We have taken a lot of actions in terms of liquidity and I want to say very specifically that the kind of liquidity that we are allowing the system today is such that I don't really see what else in terms of liquidity requirements that will be needed to move the market forward -Professor Chukwuma Soludo, CBN governor at Thisday Town Hall, Friday, October 3, 2008
Source : AllAfrica | 13-Oct-2008 11:58

Nigeria: Tumbling World Markets - NIMN Calls for Strategic Re-Profiling
As World markets are collapsing, National Institute of Marketing of Nigeria (NIMN) is of the view that the world should re-visit their fundamental ideologies and undertake strategic re-profiling.
Source : AllAfrica | 13-Oct-2008 11:42

Nigeria: Second Niger Bridge Overdue, Says Obi of Onitsha
The planned second Niger Bridge linking Asaba with the commercial town of Onitsha re-echoed weekend with the Obi of Onitsha, Igwe Alfred Nnaemeka Achebe, describing it as long overdue and a very critical element in the medium and long term economic transformation of Anambra and Delta states.
Source : AllAfrica | 13-Oct-2008 11:08

South Africa: Anxious Wait to See If Markets Rebound
TRADERS will be perched on the edge of their seats when markets open this morning after global stocks went into free fall on Friday, capping one of the worst weeks since the 1987 market meltdown.
Source : AllAfrica | 13-Oct-2008 10:36

Botswana: Local Investors Reel As Global Markets Tumble
Local investors have begun to feel the pinch of the global financial markets' volatility, as stock prices on the Botswana stock Exchange this week went tumbling in tandem with international trends.
Source : AllAfrica | 13-Oct-2008 10:22

Nigeria: NSE - In the Shadow of Globalisation
We can very safely declare that the poor state of the Nigerian economy has had nothing to do with the collapsing global capitalist markets of the western world. The plea of global village knock-on effect? Naw! That would be pure copycat syndrome.
Source : AllAfrica | 11-Oct-2008 11:50

Uganda: Panic Selling Could Lead to a Market Crash
Kampala If you are an investor on the Uganda Securities Exchange you watched the news on Tuesday night with a little more anxiety.
Source : AllAfrica | 11-Oct-2008 11:35

Uganda: Stock Exchange - Is It Time to Panic?
WARREN Buffet, according to the Forbes list, is the richest man in the world. He has an estimated wealth of about $62b or more than the size of the East African economy.
Source : AllAfrica | 11-Oct-2008 09:50

Nigeria: NSE Market Capitalisation Dips By 0.54 Percent
The bearish trend in the Nigeria Stock Exchange (NSE) continued on Wednesday, as the market capitalisation dipped further by 0.54 percent.
Source : AllAfrica | 10-Oct-2008 15:00

Trustco to List On JSE This Month
The wholly-owned local company, Trustco Group Holdings Limited, will list on the Johannesburg Securities Exchange at the end of this month, according to JSE documents made available to the Economist this week.
Source : AllAfrica | 10-Oct-2008 14:56

Nigeria: Stock Exchange Working to Restore Investor Confidence
Nigerian Stock Exchange (NSE) said on Thursday it was collaborating with banks to restore investors' confidence in the market, which for sometime now has continued to wane.
Source : AllAfrica | 10-Oct-2008 13:35

Nigeria: Intercontinental Bank Grosses N121 Billion in Half-Year
Intercontinental Bank Plc has announced its unaudited financial results for the half year ended August 31, 2008 with gross earnings rising to N121 billion, representing a growth of over 99 per cent as against the N60.9 billion achieved in the corresponding period of 2007.
Source : AllAfrica | 10-Oct-2008 13:03

South Africa: Momentary Anguish at Sasol's Dip
WHEN the JSE is in free-fall, I am forced to remind myself that the Private Investor's gains and losses are on paper only.
Source : AllAfrica | 10-Oct-2008 13:02

South Africa: RMB Denies Complicity in Trader's Fall
RAND Merchant Bank (RMB) moved quickly yesterday to say it was not complicit in the collapse of derivatives trading firm Dealstream and would co-operate fully with the Financial Services Board (FSB) throughout any investigations into the matter.
Source : AllAfrica | 10-Oct-2008 12:43