The Editorial Team |

The Bears Resurface in Nigerian Equities: 5 February 2015

Nigeria Daily Stock Market Report | The Bears Resurface¦ NSE ASI loses 136bps: 5th February 2015After three consecutive days of bullish run, there was a reversal in the market as the benchmark index lost136bps to close at 30,200.97 points as market capitalisation also lost N121.4tn settling at N10.1tn. Today’s decline in index was driven majorly by losses in large cap stocks — Dangote Cement (1.9%), Nigerian Breweries (3.0%) and Guaranty (3.0%). On the other hand,…

Nigerian Bourse: Foreign transactions rose by 47.68% in 2014

Posted on by The Editorial Team

The Nigerian Stock Exchange released its December 2014 Domestic and Foreign Portfolio Participation in Equity trading. Total transactions at the nation’s bourse increased by 41.83% from N181.97 billion recorded in January to N258.08 billion (about $1.54 billion) in December 2014. This represents an increase of 28.53% from N200.8 billion recorded in November. Total foreign transactions increased by 47.68% from N1,042.04 billion recorded at the end of 2013 to N1,538.92 billion at the end of 2014 while total…

Nigeria to borrow N90billion in bonds

Posted on by The Editorial Team

Nigeria plans to raise 90 billion naira ($475 mln) in sovereign bonds with maturities ranging between five and 20 years at its next regular auction on Feb. 11, the Debt Management Office (DMO) said on Tuesday.The debt office said it will auction 35 billion naira worth of the 5-year bond, 30 billion naira of the 10-year paper and 25 billion of the 20-year debt note, using the Dutch Auction System. The 5-year debt note is…

Nigerian Equities Sustain Positive Momentum, 3 February 2015

Posted on by The Editorial Team

Equities Sustain Positive Momentum… NSE-ASI Up 46bps The Nigerian equities sustained its positive momentum today on the back of gains in banking stocks — Guaranty (5.0%), Zenith (5.0%) and Access (3.9%). As a result, the broader index and market capitalisation added 46bps and N45.3bn to close 30,018.35bps and N10.0tn respectively. On the contrary, market activity measured by volume and value improved today, advancing 55.7% and 17.4% to close at 396.8m units and N3.8bn a piece.Banking…

FBN Securities Nigerian Market Wrap: 2 February 2015

Posted on by The Editorial Team

The equities market recouped losses from last week as a combination of strong bargain hunting and thinning offers pushed prices higher in most blue chips. The bourse posted its second best performance in the year, rallying +1.08% albeit on low volumes (turnover – N3.24bln, $16.81m). Block trade of 8.5mln NB ($6.24m) by international investors accounted for over 35% of the value traded. Consumer names were the most impressive, NB(+4.91%) and Nestle(+0.47%) advanced on decent demand…

Afrinvest Nigeria’s Daily Stock Market Report: 2 February 2015

Posted on by The Editorial Team

Recent Gains in Oil Prices Excite Equities… NSE ASI up 108bps The Nigerian Bourse started the week on a positive note as All Share Index – the benchmark index of Nigerian equity market rebounded, gaining 1.1%. Market Capitalization also added N106.7bn to close at N10.0tn. The uptrend today was majorly driven by the appreciation in bellwether stocks — Nigerian Breweries (4.9%), Dangote Cement (1.1%) and GTBank (2.3%). Despite the significant pull-back in the market, most…

IMF’s 2015 growth forecast for Egypt, Algeria and Sudan

Posted on by The Editorial Team

Egypt’s Fiscal deficit to narrow to 11% of GDP in current fiscal yearThe International Monetary Fund projected Egypt’s real GDP growth rate at 3.8% in the fiscal year that ends in June 2015 and at 4.3% in FY2015/16, up from 2.2% in FY2013/14. It forecast Egypt’s annual average inflation rate at 9.7% in FY2014/15 and 9.9% in FY2015/16, down from 10.1% in FY2013/14. Further, it expected the growth of broad money at 16.7% in the…

« 1 … 135 136 137 138 139 … 141 »