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NEWS FROM AFRICA'S 100 LARGEST LISTED COMPANIES

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Africa investor Ai40 Weekly Commentary – 16 January 2017

By David | January 16, 2017

As at Friday’s close, the Ai 40 Investors’ Index continued on an upward trajectory although at a rather timid pace in comparison to the last session. Banking and mining stocks completely dominated in the Gainers category. However, Kenyan equities suffered for the second week in a row as they took up the majority of the Losers list, signalling a rough start to the year. The index edged up by 0.36 basis points from last sessions value of 93.37. It closed out the week at a value of 93.73. Read the rest of this entry »

Topics: Ai Press Office, All Sectors | No Comments »

Africa investor Ai40 Weekly Commentary – 09 January 2017

By David | January 9, 2017

A Happy New Year from Africa investor. We trust you enjoyed the festive break and we wish all investors a prosperous 2017. We return with the first Ai40 Index Weekly Commentary of the year and the index has commenced 2017 on an upbeat note. North African equities were the star performers for the period preceding the December break and coming into the new year. On the other hand, East African stocks (Kenyan stocks in particular) fared the worst. The index gained 2.13 points; an increase of 2.33% from the last value of 91.24 before the festive break. It closed the session out with a value of 93.37. Read the rest of this entry »

Topics: Ai Press Office, All Sectors | No Comments »

Africa investor Ai40 Weekly Commentary – 12 December 2016

By David | December 12, 2016

The Ai40 Investors’ Index enjoyed some decent gains last session and finally broke a four week-long losing streak. Healthy increases in South African equities, as well as some banking stocks in Nigeria and Morocco, pulled the Index back up. Egyptian and Nigerian stocks, however, dominated the Losers List this week. The Index picked up 2.45 points; a gain of 2.76% from last week’s value of 88.79. It closed the session out on a value of 91.24. Read the rest of this entry »

Topics: Ai Press Office, All Sectors | No Comments »

Africa investor Ai40 Weekly Commentary – 5 December 2016

By David | December 5, 2016

Following last session’s drop in value, the Ai40 Index continues to suffer losses as it marks a decline of four consecutive sessions this week. Nonetheless, Nigerian banking equities proved to be star performers as they made up the entirety of the Gainers List. The Losers List this week featured a much more mosaic picture with stocks from five different countries. The index lost 0.56 points; a drop off 0.62% from last week’s value of 89.35. It closed the week out on a value of 88.79. Read the rest of this entry »

Topics: Ai Press Office, All Sectors | No Comments »

Africa investor Ai40 Weekly Commentary – 28 November 2016

By David | November 28, 2016

It was yet another rocky session for the Ai40 Index as it dropped in value for the third week in a row. Africa’s “big three” – South Africa, Nigeria and Egypt – featured heavily in both the gainers and losers lists and this held true for banking, telecoms and mining stocks. The index closed the session with a loss of 1.78 points, or 1.95%, from last week’s value of 91.13. It closed the week at a value of 89.35. Read the rest of this entry »

Topics: Ai Press Office, All Sectors | No Comments »

Africa investor Ai40 Weekly Commentary – 21 November 2016

By Staff Reporter | November 21, 2016

The Ai40 Index continued on a downward trend following Friday’s close. Just over a fortnight after the Egyptian Central Bank devalued the country’s currency, equities from the North African country have recovered to dominate the gainers list. Conversely, South Africa mining stocks took a blow this session. The index closed slightly lower and lost 0.09 points, or 0.1%, from last week’s value of 91.22. It closed the session out on a value of 91.13. Read the rest of this entry »

Topics: Ai Press Office, All Sectors | No Comments »

Africa investor Ai40 Weekly Commentary – 14 November 2016

By Staff Reporter | November 14, 2016

The commentary this week will be slightly different as we take a step back to view the Ai40 index over a longer time period of three weeks, in order to get a high-level view of the index’s movements.

Over this period, the Ai40 Index dropped in value and this downward trend was particularly influenced by a historic event on the continent; the devaluation of the Egyptian pound. The Egyptian central bank “abandoned the pound’s peg of 8.8 to the dollar in an effort to attract inflows of capital and close down a booming black market in dollars” according to Reuters. The Index lost 1.62 points, or 1.74%, to close at a value of 91.22, down from 92.84. Read the rest of this entry »

Topics: Ai Press Office, All Sectors | No Comments »


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