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Nigeria: Unlocking Potential of Nigeria Commodity Exchange

All Africa Stock Mkts -

[This Day] At the primary level, a commodity exchange connects buyers and sellers of physical commodities, a role that is particularly useful in enhancing market efficiency by helping to match supply and demand of commodities across time and geographic distances. In its sophisticated form, a commodity exchange, as noted by the United Nations Conference on Trade and Development, brings together buyers and sellers of commodity price risk, permitting those who wish to reduce their exposure to price movements to transfer

Nigeria: Stock Market Index Sustains Sliding Profile, Down By 0.14%

All Africa Stock Mkts -

[Guardian] Transactions on the equities sector of the Nigerian Stock Exchange (NSE) yesterday, sustained sliding profile, occasioned by price depreciation recorded by most blue chip stocks, as the All-share index depreciated by 0.14%.At the close of transactions, the NSE-All-share index declined by 43.07 absolute points, representing a decrease of 0.14 per cent, to close at 31,082.32 points.

Tanzania: Tanzania Bourse Starts Week On Bad Note

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[The Exchange] The Dar es Salaam Stock Exchange (DSE) posted a bullish increase in total turnover of Tshs.8.2 billion ($3.5 million) last week compared to Tshs.1.7 billion ($739,130) of the previous week with Tanzania Breweries Limited (TBL) and Dar es Salaam Stock Exchange (DSE) emerging as top movers.

Nigeria: NSE All-Share Index Gains 0.15% As Stock Market Rebounds

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[This Day] Reprieve came the way of investors yesterday as the equities market bucked five days of losses to close on a positive note. The market pared losses as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.15 per cent to close at 31,360.28, while market capitalisation added N17.5 billion to be at N11.69 trillion.

Zimbabwe: 'Black Market Can't Determine Forex Rates'

All Africa Stock Mkts -

[The Herald] Government cannot allow itself to be influenced by the black market in determining foreign exchange rates on interbank transactions as the parallel market is run by a few individuals transacting on nominal amounts, Reserve Bank of Zimbabwe Governor Dr John Mangudya has said.

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