Click here to read or make comments on this topic »
AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.
THE demise of some of the most revered global banks such as Lehman Brothers in 2008 has taught many investors around the world unforgettable lessons. The contagion touched nerves around the global markets in many angles; from the collapse of the commodity prices, crushing stock markets and the pains of discovering seasoned and polished fraudsters running ponzi schemes such as Bernard Madoff who ...
The Nigeria Deposit Insurance Corporation has said that the financial health of 21 out of the 24 banks was generally satisfactory as at December 31, 2008, in spite of the global financial meltdown and the turmoil in the domestic stock market.
FEW things highlight the extent of the problems facing SA's gold mining industry as the somewhat ironic news yesterday that, as the gold price broke another record, production in September fell 9,3% year on year.
JSE-listed Premium Properties is leading the pack as the best- performing property company, returning 29,9 % to shareholders for the year to date, followed by property loan stock company Vukile , with 24,54% returns.
TWO directors of the Huge Group who sold their own private shares and committed the company to buy them back at a far higher price have each been fined R5m for their actions.
Gold rallied briefly to a new record peak at 1122,85/oz yesterday, while platinum, palladium and rhodium all hit their highest levels in a year on a wave of speculative buying.
The bearish trend on the Nigerian Stock Exchange (NSE') continued Wednesday, as losses on the share prices of blue chip companies dragged down the value of listed equities by N1.99 billion.
The bears continued their tight grip on the equity sector of the Nigerian Stock Exchange (NSE), as price lossers continued to outweigh gainers, causing market indices to slide further by 0.04 per cent.
Investors hope of reaping from their stakes in the capital market through price appreciation may remain elusive for the remaining part of the year as equity prices has continued to lose value unabated.
THE New Vision dominated business on Tuesday, taking over 77% of the overall trading volumes at the Uganda Securities Exchange.
BUSINESS confidence dipped last month, showing that SA's economic recovery remained tentative, the South African Chamber of Commerce and Industry (SACCI) said yesterday.
BSE-listed furniture retailer Furnmart has released impressive financial results to July 2009 in which it registered a 51.1-percent growth in Earning Per Share (EPS) to P1.58.
The Nigerian Stock Exchange has announced its plans to launch a platform for the integration of private placements into the secondary segment of the capital market.
SHAREHOLDERS of publicly quoted companies in Nigeria have commended the Securities and Exchange Commission (SEC) over its various initiatives in protecting shareholders' interest in public companies even as the commission enlightens them on their rights and responsibilities.
The Standard Chartered Bank yesterday officially announced a GH¢48 million renounceable Rights Issue of 1,655,172 ordinary shares valued at GH¢29 per share. Apart from meeting the Bank of Ghana capital requirement, the bank is also seeking to expand its corporate loan portfolio and support its working capital.
RANDGOLD Resources' profit declined 28% in the third quarter to September from the previous quarter as higher cash costs put pressure on margins.
Investors on the Nigerian Stock Exchange (NSE) yesterday staked the sum of N3.42 billion on 323.61 million shares transacted in 6,839 deals. as equities turnover dropped by 158.75 million shares against 482.36 million shares worth N3.69 billion in 6,140 deals recorded on Monday.
The authority of the Nigeria Stock Exchange (NSE) said yesterday that it is sourcing for about N5 billion (about 20 million Euros) to upgrade its existing software and to also launch its Sierra Leone stock exchange market.
Freshly listed KenGen infrastructure bond will trade alone on the new automated trading system until other government and corporate bonds are converted into electronic accounts, NSE chief executive Peter Mwangi said .
The bearish trend in the Nigerian Stock Exchange (NSE) continued Monday, as equities' value depreciated by N35.46 billion.
As part of the Presidential Program that aims at improving the an economic growth namely in the investment and employability sector, 10 spin-off agreements were signed on Monday in Tunis between the Ministry of Industry, Energy and Small and Medium Enterprises and 10 public and private companies.
Securities and Exchange Commission (SEC) said yesterday that it had appealed the judgment of the Investment and Securities Tribunal(IST), which recently absolved Nova Securities of any wrong doing in the alleged manipulation of Africa Petroleum (AP) shares.
Investors' fortunes in the stock market remained bleak at the opening of transactions in equities sector of the Nigerian Stock Exchange, as activities closed yet on a negative note. Specifically, at the end of trading yesterday, the twin market indicators, market capitalisation and the all-share index went down by N36 billion and 150.32 basis point, or 0.7 per cent each, to close the day at N5.076 ...
The Nairobi Stock Exchange was hit by confusion on Monday after the much-hyped automated trading system for bonds failed to function, barely hours after its launch in a ceremony presided over by Prime Minister Raila Odinga and Finance minister Uhuru Kenyatta.
The Nigerian Stock Ex change (NSE) has announced a significant reduction in its holdings in Central Securities Clearing System from 100 per cent to 30 per cent.
Active Discussions: Stock Markets