L
LequteMan
Guest
Nigeria - According to recent stats, three of Africa's six leading exchanges recorded growths, while three also declined, in the first quarter (Q1) of the year 2015.
The Nairobi stock exchange closed the first quarter (Q1) of the year as the best performer, leading others on the continent while the Nigerian Stock Exchange (NSE) closed as the worst performer, shedding about 10 per cent in the Q1.
Top performers
Nairobi Stock Exchange (Kenya) – 7.3% appreciation
Johannesburg Stock Exchange (South Africa) – 5.4%
Egypt Stock Exchange (Egypt) – 2.1%
Worst Performers
Nigerian Stock Exchange (Nigeria) – 10% depreciation
Mauritius Stock Exchange (Mauritius) – 4.3%
Ghana Stock Exchange (Ghana) – 1.98%
However, analysts at Thaddeus Investment Advisors and Research, have expressed concerns about investors’ preference for the Kenyan market despite the fact that Nigeria ranks better in some investment indicators.
“What is most interesting here is that Kenya's debt is trading at a premium while Nigeria's is trading at a discount! Based on macro analysis looking at Debt/GDP levels (not even close between Kenya and Nigeria) and a lower credit rating for Kenya this should not be so and may very well be called an anomaly by macroeconomic analysts,” they said.
The analysts noted that international investors (based on the numbers) are more confident in the economic progress of Kenya and its ability to service its debt than Nigeria presently.
#Culled From ThisDay
#Nigeria #DailyTrust #NSE #Kenya #Ghana #SouthAfrica
The Nairobi stock exchange closed the first quarter (Q1) of the year as the best performer, leading others on the continent while the Nigerian Stock Exchange (NSE) closed as the worst performer, shedding about 10 per cent in the Q1.
Top performers
Nairobi Stock Exchange (Kenya) – 7.3% appreciation
Johannesburg Stock Exchange (South Africa) – 5.4%
Egypt Stock Exchange (Egypt) – 2.1%
Worst Performers
Nigerian Stock Exchange (Nigeria) – 10% depreciation
Mauritius Stock Exchange (Mauritius) – 4.3%
Ghana Stock Exchange (Ghana) – 1.98%
However, analysts at Thaddeus Investment Advisors and Research, have expressed concerns about investors’ preference for the Kenyan market despite the fact that Nigeria ranks better in some investment indicators.
“What is most interesting here is that Kenya's debt is trading at a premium while Nigeria's is trading at a discount! Based on macro analysis looking at Debt/GDP levels (not even close between Kenya and Nigeria) and a lower credit rating for Kenya this should not be so and may very well be called an anomaly by macroeconomic analysts,” they said.
The analysts noted that international investors (based on the numbers) are more confident in the economic progress of Kenya and its ability to service its debt than Nigeria presently.
#Culled From ThisDay
#Nigeria #DailyTrust #NSE #Kenya #Ghana #SouthAfrica
