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Nigerian markets extend rally after Buhari's election victory LAGOS: Nigerian stocks leapt to an 18-week high on Thursday while the 5-year bond yield fell as investors snapped up assets in Africa's biggest economy after a peaceful presidential vote won by the opposition leader.Muhammadu Buhari's election victory marks the first time in Africa's most populous nation where a sitting government has been removed from power through the ballot box.Analysts said investors were hopeful that the scandals that undermined incumbent Goodluck Jonathan's popularity, including billions of dollars unaccounted for in missing oil receipts and the Boko Haram insurgency which has killed thousands, would be addressed under Buhari's administration."Buhari is a breath of fresh air for the markets and Nigeria as whole. Apart from peaceful elections, we believe it won't be business as usual, that's part of the positive sentiment," Ayodeji Ebo, head of research at Afrinvest said.The yield on the 2019 bond, one of the maturities listed on JP Morgan's ...

Volatile oil leaves Gulf mixed; Egyptians rush to buy Edita DUBAI: Most Gulf markets rose alongside oil on Thursday but fresh weakness in the commodity late in the day dampened sentiment in Saudi Arabia. Egyptian investors dumped most stocks in order to buy newly listed food maker Edita .Brent oil rallied late on Wednesday and held near $57 per barrel early on Thursday, but then dropped 3 percent as investors appeared to be taking the view that nuclear talks with Iran would be successful, allowing ...
Nigeria's main share index rises to 18-week high after presidential polls LAGOS: Nigeria's main stock index surged almost 3 percent to an 18-week high on Thursday, with investors snapping up shares after a peaceful presidential election in Africa's biggest economy won by opposition leader Muhammadu Buhari.The index which has risen for 10 straight sessions, has erased all its losses so far this year, as relief that the elections avoided the violence of previous polls.Copyright Reuters, 2015 ...
Dubai stock jumps after crossing chart barrier DUBAI: `Dubai's stock index jumped in its heaviest trading this year on Thursday after rising above a minor technical barrier, supported by a rally in oil prices.The benchmark climbed 2.4 percent to 3,615 points, rising above technical resistance at its late March high of 3,538 points. The break triggered a minor bullish right triangle pointing up to the 3,800-point area.Emaar Properties, Dubai's largest listed property developer, surged 6.3 percent and the second-biggest stock in the ...
Nigerian markets rally after Buhari wins in peaceful presidential vote LAGOS: Nigeria's main shares index soared to its biggest daily gain this year and bond yields dropped as investors cheered Muhammadu Buhari's victory in a presidential election that passed without disruption.The main shares index closed 8.3 percent higher at a near 3-months high on Wednesday as markets in Africa's biggest economy welcomed the outcome of the closely-fought vote."The peaceful conclusion of the election has allayed the fears of foreign investors about the market," Ayodeji Ebo, ...
Saudi Arabia, Egypt stock move little as Iran talks drag on DUBAI: Stock markets in Saudi Arabia and Egypt moved very little in early trade on Wednesday as talks on Iran's nuclear programme continued past the Tuesday deadline.Oil prices edged lower amid speculation that a last-minute deal over Iran's nuclear programme would be reached that could allow more Iranian crude onto world markets. Brent was down 0.2 percent and U.S. oil fell 0.8 percent.The main Saudi index inched down 0.1 percent as heavyweight Saudi Basic Industries ...
Nigerian markets rally after Buhari wins presidential vote LAGOS: Nigeria's main shares index soared to its single biggest daily gain this year on Wednesday while bond yields fell sharply and the naira currency surged in the black market as investors cheered Muhammadu Buhari's presidential election victory.The main shares index rose 8.4 percent as financial markets in Africa's biggest economy welcomed the peaceful outcome of the closely-fought elections, marking the first time in Africa's most populous nation where a sitting president was voted out ...


Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln