African bond markets statistics

Statistics on African local currency bond markets from African Financial Markets Initiative (AFMI) annual report 2017: Total outstanding amount African bonds and bills up 13% to $413bn in 2017, more than 80% of the total comes from 5 countries.

Botswana Stock Exchange launches automated trading

Months of hard work came to a climax when the Botswana Stock Exchange successfully launched its automated trading system (ATS) and now has live trading. This replaces the open outcry trading system and the aim is to make the BSE more visible and trading more efficient.

Egyptian Exchange opens, hit by giant wave of selling

The Egyptian Exchange opened today at 10:30am after nearly 2 months, and was immediately swamped with a flood of selling, which saw the index plunge nearly 10% and trading halted a few minutes after the exchange opened. After a regulated halt, the EGX 30 Benchmark slowly edged up before drifting through to close at 5,142.71 after a further 2 hours, down 8.9% on the day.

Egyptian Exchange again delays reopening

The Egyptian Exchange has again postponed its reopening and says it will only open when the strike-hit banking system gets back to normal. Dates mentioned include 20 or 22 Feb, and the bourse is likely to introduce rules to limit trading volatility. It closed on 27 Jan after a 16% fall in its EGX30 Index.

Investors optimistic about change in Egypt

Bulls seem to be waiting for a positive outcome from widespread pro-democracy unrest in Egypt, one of Africa’s biggest stock markets and prices have climbed for depository receipts of Egyptian companies and for an Egypt exchange-traded fund available internationally. The Egyptian Exchange has been closed for several days as unrest intensified.