|TICKER||| CCY||| NAV||| CHG|
|CEGX||| ZAR||| 95.4||| +12%|
|GXAFR||| USD||| 33.3||| -10%|
(NR Capital) Apr 2017 - African Business Magazine: Why the smart money is heading for African infrastructure
(NR Capital) Jun 2016 - CNBC: The state of infrastructurre developement in Senegal
(NR Capital) Aug 2013 - Elidata signs with Nex Rubica Capital as Product Partner for Africa Strategy
(NR Indexes) Mar 2012 - Nex Rubica Capital acquires NR Indexes & Ratings LLP
(NR Capital) Jun 2011 - CNBC Africa - Regional Business Roundup on African capital markets
(NR Indexes) Feb 2011: Country Brief: Egyptian Market Highlights
(NR Capital) Jan 2011 : Deep Impact in Nigeria's Financial Markets
(NR Indexes) Jan 2010: - Electronic Trading Sweeps Africa
NR Indexes: Sep 2008 - Kenya Firms among top performers in Nex Rubica’s African Equity Capital Markets Review
Benchmark Commentary: With the Egyptian Stock Exchange (EGX) still closed, the North African constituent of the NR Africa Top 40 and NR Africa Mid 45 became more sensitive to volatility in the Sub Saharan markets. Nigeria being the major driver in the Top 40 index dropped by -1.4% over the week. Increased price volatility in the Nigerian Banking sector saw more casualties with First Bank, Zenith Bank and Guaranty Trust Bank all losing ground as investors hastily bought shares following the coming M&A activity in the sector. Kenya remained the best performing country in the Top 40 with Telcoms reporting positive numbers of about 5.5% up from last week.
The NR Africa Top 40 saw $118,56mio worth of shares traded this week with liquidity levels on the Benchmark moving up to 0.1% from a year to date high of 0.6%. The NR Africa Mid 45 was less volatile dropping -17.9712 points over the week an equivalent of $31mio. Morocco was the major country looser as it dropped by -2.1% and Industrials by -0.9%. Kenyan stocks dominated the Top 5 list with Mumias Sugar and NIC Bank breaking through this week.
Index Rebalancing Week: The NR Africa Top 40 saw El Ezz Alexandria (Egypt) exit the basket, replaced by Suez Cement (Egypt).