African Markets - Factors to watch on Sept 9
Sept 9 |
Sept 9 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.
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EVENTS
* Kenyan 91-day Treasury bill auction. Cut-off rate seen falling to 2 percent. [ID:nLDE6870GS]
* Public holiday in Nigeria.
GLOBAL MARKETS
Asian stocks edged up and the yen slipped from a 15-year high on Thursday, after a small rally on Wall Street driven by successful European bond auctions gave investors an excuse to lighten up on their bets. [ID:nSGE68802U]
Gold rebounded from lows on Thursday as bargain hunters resurfaced after prices struggled to revisit a lifetime high set in June. Oil prices pared gains to stay below $75 as Chinese commodity markets tumbled. [ID:nSGE68804T] [ID:nSGE68805R]
AFRICAN MARKETS
For all the latest news on African stocks click on [.J]
SOUTH AFRICA MARKETS
South Africa's rand strengthened agaisnt the dollar on Wednesday as risk aversion eased in late afternoon trade, boosting emerging market assets. [ID:nLDE6871YC]
NIGERIA ELECTION
Nigerian President Goodluck Jonathan has told state governors in the ruling party he intends to stand in elections next January, one of the governors who attended the meeting said on Wednesday. [ID:nLDE6872BM]
Military chiefs replaced ahead of polls [ID:nLDE68720Y]
NIGERIA MARKETS
Nigeria's biggest cement maker Dangote Cement will list on Nov. 5 after a planned merger with Benue Cement, creating the country's largest company by market capitalisation ahead of an anticipated building boom. [ID:nLDE687167]
Nigerian bourse suspends 15 firms. [ID:nLDE68716G]
Naira eases versus dollar on strong demand. [ID:nLDE6871JM]
KENYA MARKETS
The Nairobi Stock Exchange's main index, NSE-20 .NSE20 snapped a three-day losing streak rising 0.4 percent to close at 4,442.6. The year high is 4,674 hit on Aug. 6, just after referendum on new constitution passed peacefuly.
Safaricom (SCOM.NR) was among the NSE20's biggest winners, gaining 2.1 percent to settle at 4.90 shillings per share. Its shares had taken a hit since the onset of a price-war within the sector, falling to a low of 4.50 shillings on Sept. 3 from 6.15 shillings on Aug 3, shortly before operators slashed prices.
Kenya to auction 13 billion shilling 2-year bond this month with new auction rules. [ID:nLDE6870ZF]
UGANDA DEBT
Ugandan 91-day Treasury-bill yield rises to 5 percent at auction [ID:nLDE6871DA]
SUDAN OIL
Sudan aims to increase oil production to 1 million barrels per day within three years, relying on new finds and more efficient oil extraction methods, Petroleum Minister Lual Deng said on Wednesday. [ID:nLDE68726R]
EMERGING MARKETS
For the top emerging markets news, double click on [nTOPEMRG]
COMMODITIES
For the latest precious metals report click on [GOL/]
For the latest base metals report click on [MET/L]
For the latest crude oil report click on [O/L]
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