Nigerian stocks end week positive as benchmark index advanced 2.49% w-o-w

Nigerian equities Friday appreciated 1.53 percent to close benchmark index at 36,320.93 points as against 35,439.98 points closed last week. Thus Friday’s performance further lift the bourse’s index by 2.49 percent week-on-week Market capitalization at the close of trading was N12.502 trillion, just as 367.07 million units were traded in 3,773 deals, while value of stocks traded came to N3.74 trillion […]

Equity traders act like there’s little risk left in Europe

All’s quiet on the European front, if stock traders are to be believed. With Germany’s election — the fourth major one in the region this year — now out of the way, equity trading is the quietest since 2000 and a gauge of volatility hovering near a record low. Sentiment has been supported by steady economic […]

Capitec overtakes Nedbank to become 4th largest by market value in SA

Capitec Bank Holdings Ltd. passed Nedbank Group Ltd. as South Africa’s fourth-largest lender by value to extend a market-beating rally that has made it the country’s best performing stock. The shares of Stellenbosch, South Africa-based Capitec rose 2 percent in Johannesburg on Thursday to close at 891.03 rand, giving it a market capitalization of 103 billion […]

Emerging markets main engine of global growth, says Jinping of China

President Xi Jinping of China has described emerging economies as the “main engine of global growth”, as economic indicators portrayed an economy making strong progress ahead of a crucial Communist party congress next month. Xi told fellow world leaders that emerging markets must “jointly seize the historical opportunity arising from the adjustment of world economic […]

Global stocks mixed after China factory, Wall Street gains

KEEPING SCORE: In early trading, Germany’s DAX rose 0.6 percent to 12,075.51 and London’s FTSE 100 added 0.5 percent to 7,401.66. France’s CAC 40 gained 0.4 percent to 5,077.40. On Wednesday, the DAX and the CAC 40 both rose 0.5 percent while the FTSE 100 added 0.4 percent. On Wall Street, futures for the Dow […]

Stocks drop, gold leads Storm Haven rally on Korea fears

Headwinds stacked up for global markets on Tuesday, with stocks slumping across Europe and Asia and havens including gold jumping after North Korea fired a ballistic missile over Japan. Gasoline slipped even as energy companies braced for another hit from Tropical Storm Harvey. From London to Sydney equities retreated and volatility rose amid classic risk-off moves, with […]

U.S. equity funds post longest run of outflows since 2004

U.S. equity funds suffered their longest streak of outflows in 13 years as growing signs of political deadlock in Washington cast doubt on a rally that has taken the S&P 500 Index to record highs. Investors pulled $2.6 billion from U.S. stock funds in a 10th consecutive week of outflows, Bank of America Merrill Lynch said in […]