Somalia Sets Up Its First Exchange to Trade Stocks, Sukuk Bonds

Somalia will begin trading equities and government-issued sukuk bonds on a new exchange early next year, as the Horn of Africa nation seeks integration into regional and global financial markets.
The National Securities Exchange of Somalia initially will target stock listings from companies in telecommunications, banking, real estate, energy and agriculture to drive economic growth in the country, according to a statement by the bourse.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Yahoo

34 minutes ago

• Yahoo

The Saturday Spread: Statistical Signals Flash Green for CMG, TMUS and VALE

Here's a question you may have wondered about: if meteorologists frequently provide five-day weather forecasts, how come market analysts (within reason) don't do the same for the equities sector? Granted, human behavior can be irrational at times and black swan events by nature are unpredictable. However, on the whole, humans generally think in predictable manners. At first glance, the problem should be easy to address. When forecasting weather, meteorologists utilize ensemble models, historical simulations and probability distributions. By converting the applications toward the equities space, market analysts can assess the three main factors that meteorologists use for the weather: How to Make a 2.0% Yield with UBER Over the Next Month This Week's Market Momentum: 3 Exceptionally Active Options The Saturday Spread: Statistical Signals Flash Green for CMG, TMUS and VALE Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Define what event they're modeling for Determine when said event might occur. Calculate how likely the event will materialize based on past analogs. Unfortunately, both fundamental and technical analysis runs into a major structural wall when addressing past analogs. In both cases, the measurement metric is non-stationary; that is, the metric changes (often wildly) across time and context. For example, the share price for a hot growth stock may be vastly different from what it was ten years ago and the same can be said about its valuation ratio. With such discrepancies, past analogs are effectively impossible to calculate — unless you impose stationarity on the target dataset. This is the core reason why I've been focused on market breadth, which are sequences of accumulative and distributive sessions. Market breadth is a representation of demand and demand is a binary construct — it's either happening or it's not. As such, it's easily categorizable and quantifiable, thus facilitating probabilistic analysis. Just as importantly, market breadth sequences are falsifiable. Anyone can peer review my work and arrive at the same conclusions. The same cannot be said for certain methodologies, such as interpretive chart patterns in technical analysis. Because of the falsifiability of demand profiles, I'm able to filter out statistically intriguing ideas among hundreds of stocks. Below are three names to watch closely this week. With the closing bell on Friday, Chipotle Mexican Grill (CMG) ended the session up nearly 2%. For the week, the security gained just under 5%, potentially reflecting a sentiment shift. It would be a welcome change of pace. Since the beginning of the year, CMG stock has dropped 12.47%. However, the most intriguing development in my opinion is CMG's quantitative signal. In the past two months, the security printed a 4-6-U sequence: four up weeks, six down weeks, with a net positive trajectory across the 10-week period. This is a rare pattern, materializing only 27 times over the trailing decade. And in 66.67% of cases, the following week's price action results in upside, with a median return of 3.05%. Two circumstances shine a bright light on the above setup. First, CMG stock seems to respond well to positive momentum. While the balance of distributive sessions was greater in the past 10 weeks, the overall trajectory was still northward — and that generally tends to be a bullish sign. Second, as a baseline, the chance that CMG stock will be profitable over any given week is 51.47%. Therefore, long-side speculators are incentivized to consider a debit-based strategy. Aggressive traders may consider the 53/55 bull call spread expiring July 11. Using data from Barchart Premier, the call spread screener effectively identifies the 53/55 spread as arguably the most compelling idea from a risk-reward standpoint. Traders can lower the probabilistic risk to the 51/54 spread; however, doing so dramatically lowers the payout. Right now, T-Mobile US (TMUS) stands at an awkward juncture. TMUS stock started the year auspiciously, at one point gaining about 24% on a year-to-date basis. Since early March, however, the security hasn't looked appetizing, losing roughly 19% of equity value. Still, a quantitative signal suggests that a reversal may be in order. In the past two months, TMUS stock printed a 4-6-D sequence: four up weeks, six down weeks, with a net negative trajectory across the 10-week period. At first glance, the balance of distributive sessions outnumbering accumulative may not seem like a good sign. Nevertheless, in 62% of cases, the following week's price action results in upside, with a median return of 2.48%. On Friday, TMUS stock closed at $221.52. If the implications of the aforementioned sequence pan out as projected, the equity could reach over $227 quite quickly. Should the bulls maintain control of the market, they could drive the price above the $230 level over the next few weeks based on past empirical analogs. Those interested in taking a shot may consider the 220/230 bull call spread expiring July 18. This trade gives you about four weeks for the above thesis to pan out. If TMUS stock rises through the short strike price ($230) at expiration, the maximum payout for this trade clocks in at over 105%. As a metals and mining company, Vale (VALE) commands significant relevance. At the same time, global economic uncertainty — exacerbated by ideological paradigm shifts and now a geopolitical crisis — fundamentally clouds the narrative. On the technical front, VALE stock has gained just over 2% YTD, with the security struggling for traction since early April. Still, those who understand the ebb and flow of the financial markets may be enticed with the mining enterprise. Quantitatively, in the past two months, VALE stock has printed a 3-7-D sequence: three up weeks, seven down weeks, with a negative trajectory across the period. Ordinarily, the balance of distributive sessions grossly outweighing accumulative is a cause for concern. For VALE, it's an invitation to put it on one's radar. In 60.47% of cases when the 3-7-D sequence flashes, the following week's price action results in upside, with a median return of 2.79%. What makes this setup all the more enticing is that, as a baseline, the chance that a long position in VALE stock will rise over any given week is only 49.91%. Statistically, VALE suffers from a slight negative bias. However, the aforementioned sequence tilts the odds in favor of the bullish speculator. Further, should the bulls maintain control, VALE could move toward the $9.50 level over the next few weeks. With the market intelligence above, traders may consider the 9.00/9.50 bull call spread expiring July 11. While there are certainly call spreads with far bigger payouts, the 9.00/9.50 is arguably the most realistic transaction. On the date of publication, Josh Enomoto did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 登入存取你的投資組合

Bloomberg

an hour ago

• Bloomberg

Congo Extends Cobalt Export Ban by Three Months to Curb Supplies

The Democratic Republic of Congo extended a temporary ban on cobalt exports for an additional three months, according to a statement from a regulatory agency, prolonging its efforts to rein in a glut on the international market. Congo, which produces about three-quarters of the metal used in electric-vehicle batteries, had blocked shipments for four months starting Feb. 22. Supply has surged and prices slumped in recent years, as China's CMOC Group Ltd. ramped up output at two large mines in the central African nation.

Business Upturn

2 hours ago

• Business Upturn

TH Global Capital Named ‘Boutique Investment Banking Firm of the Year' for the Third Year Running at the 16th Annual International M&A Awards

By Business Wire India Published on June 21, 2025, 16:09 IST London, United Kingdom: TH Global Capital , a global boutique investment banking firm with operations across 13 countries in the Americas, Europe, and Asia-Pacific, with a track record of closing transactions in 29 countries, has won four prestigious awards at the 16th Annual International M&A Awards, including 'Boutique Investment Banking Firm of the Year' for the third consecutive year. TH Global Capital's awards include: Boutique Investment Banking Firm of the Year 2025 Corporate/Strategic Deal of the Year ($50MM-$100MM): For advising Cloobees , a Global Salesforce Summit Partner in Poland, on its strategic sale to New York headquartered Synechron. Regional Deal of the Year – Asia: For advising Brainvire , a leading global Digital Commerce and Digital Marketing agency in Asia, on its merger with Said Differently, a Falfurrias portfolio company in the US. M&A Deal of the Year ($50MM–$100MM): For advising Chamonix IT and Exposé , leading Australian companies in Digital Engineering and AI & Data Science respectively, on their strategic sale to Synechron. Presented by the M&A Advisor , the world's premier leadership organization for M&A, restructuring, and corporate finance professionals, these awards recognize TH Global Capital's 24-year track record, global reach, and deep cross-cultural expertise in successfully closing transactions across 29 countries. 'True excellence in dealmaking is defined by clarity of vision, bold leadership, and the ability to create lasting impact,' said Roger Aguinaldo , Founder & CEO of The M&A Advisor . 'As the recipient of the Boutique Investment Banking Firm of the Year award, TH Global Capital exemplifies these qualities. We proudly celebrate TH Global Capital for their exceptional results, surpassing peers, and setting a new standard for success in today's dynamic and competitive marketplace. Vivek Subramanyam , Founder and CEO of TH Global Capital , said: 'It's a tremendous honor to win the 'Boutique Investment Banking Firm of the Year' for the third year in a row. This recognition is a testament to our relentless commitment to excellence and client success over the past 24 years. It reflects not only our team's dedication but also our ability to consistently deliver superior results in an increasingly competitive global market.' The 16th Annual International M&A Awards will be presented at a prestigious Black-tie Gala during the 2025 Leadership in Dealmaking Summit , on September 16th in New York. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash Business Wire India, established in 2002, India's premier media distribution company ensures guaranteed media coverage through its network of 30+ cities and top news agencies.