A turnover of 4.79billion shares worth N41.96billion exchanged hands in 77,286 deals during the week. The Insurance sector emerged the most active in terms of turnover volume with 2.9billion shares worth N4.4billion exchanged hands in 13,755 deals. The volume in
BSE-listed Standard Chartered Bank Botswana has reported an earnings growth of 28.5 percent for the first quarter of 2008, according to a Stockbrokers Botswana report.
The stock market is the ingenious invention of the fathers of capitalism to create and distribute wealth. As demonstrated in the developed capitalist economies of the West, Japan and lately in the emerging economies of China, India and Asia, the
It was expected to be a massive meltdown, but reports that investor claims against collapsed Nyaga Stockbrokers have hit Sh950 million has, to say the least, passed all expectations.
International investors' massive appetite for shares in both the Safaricom initial public offering in Kenya and Celtel's IPO in Zambia last month should have been a clear indication of frontier markets' robust performance.
The Week Ahead: Job losses are now in there 6th straight monthly decline. European banks raised there interest rates. Oil eclipsed $145 a barrel, and the DOW officially reached bear market territory. Earnings season kicks off this week starting with
The jury is still out on whether the delay in processing the Safaricom refunds will affect the Kenya Commercial Bank Rights Issue which closes this Friday, July 11.
FEW days ago, a Nigerian owned Swiss-based firm, AME &T Group, organised a four-day seminar on Private Wealth Management (PWM) for top executives of banks and other professionals in the country. The resource persons were experts drawn from leading management
The regulatory authorities in the nation's financial sector and the Federal Ministry of Finance yesterday met in Lagos with a resolve to jointly take measures to preserve and promote the continued vibrancy, liquidity and buoyancy of the capital market.
Value of listed securities on the Nigerian Stock Exchange (NSE) appreciated in the month of May 2008 by N346 billion. The value of securities, represented by the market capitalisation appreciated by 2.36 per cent from N14.61 trillion recorded in the