December 20. 2016/Cordros Research The Nigerian equities market extended losses, with the ASI declining by 0.17% to close at 26,540.87 points. Today’s bearish performance pared the Month-to-Date gain to 4.77% and increased the Year-to-Date loss to 7.58%. The Oil & Gas (-1.85%) index suffered the biggest loss, as investors liquidated […]
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Oando PLC Completes$115.8 Million Gas and Power Partial Divestment to Helios Investment Partners
December 20, 2016/Oando Plc Oando Plc (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced the completion of a partial divestment of 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power […]
Egypt, Zimbabwe Stock Markets Lead African Markets in 2016 as Lusaka Exchange Top Losers
Culled—Proshare December 19, 2016/Proshare Markets The performance of African Stock markets so far in 2016 has not been very impressive, looking at the current YTD performance, as most indices trade in the red zone. A quick review of African stock markets performance reflects that the Egyptian EGX 30 Index tops the […]
