Nigerian Equity Markets | 5 Dec 2016: Equities Close Flat despite Sustained Rally in Oil & Gas Stocks… NSE ASI up 1bp

Nigerian Equity Markets | 5 Dec 2016: Equities Close Flat despite Sustained Rally in Oil & Gas Stocks… NSE ASI up 1bp

LAGOS (Capital Markets in Africa) – The equities market closed flat today as a sustained rally in Oil & Gas stocks offset sell-offs in Industrial Goods and Banking equities. Consequently, the All Share Index gained a marginal 1bp to close at 25,743.03 points while market capitalisation added N758.6m to settle at N8.9tn; thus ensuring the rebound in equities which began last week after a prolonged period of intense sell pressure was sustained. The major buffers to…

Read More

Nigeria Capital Markets Update Week Ending Dec 2 2016

Nigeria Capital Markets Update Week Ending Dec 2 2016

Equities Market Review and Outlook The local Bourse opened the week bearishly but trended northwards by mid-week and sustained uptrend till Friday, driving the ASI up 1.6% W-o-W. This bucked 6 consecutive weeks of losses. Interestingly, mid-week rebound in the market coincided with developments in the oil market where OPEC members reached an agreement to cut production by 1.2mb/d. The announcement already triggered a rally in oil prices to US$54.1/b. The uptrend in the ASI…

Read More

Nigeria Capital Markets Update Week Ending Nov 25 2016

Nigeria Capital Markets Update Week Ending Nov 25 2016

Equities Market Review and Outlook The All Share Index (ASI) closed in the red for the 6th consecutive week as the broader index depreciated on four of five trading days. The week started on a negative note as the NBS published its Q3:2016 GDP report on Monday, indicating a further contraction in domestic output in Nigeria. Meanwhile, an expectation of the outcome of the MPC meeting held from Monday to Tuesday kept market soft on…

Read More

Egypt Market Watch | Nov 23 2016: Egypt’s bourse closes on positive note

Egypt Market Watch | Nov 23 2016: Egypt’s bourse closes on positive note

Cairo (Capital Markets in Africa) – The Egyptian Exchange (EGX) indices moved higher collectively to close on a positive note on Wednesday, while the market capitalization added EGP 4.8 billion amid buying activity by foreign investors. The benchmark index EGX30 added 0.26% or 30.51 points to close at 11,550.1 points. The small and medium caps index EGX70 went up 1.71% to close at 445.9 points, while the broader index EGX100 added 1.71% to close at…

Read More

Nigerian Equity Markets | 22 Nov 2016: Extend Losing Streak to 8th Session… NSE ASI Down 17bps

Nigerian Equity Markets | 22 Nov 2016: Extend Losing Streak to 8th Session… NSE ASI Down 17bps

LAGOS (Capital Markets in Africa) – The equities market continues to post losses as the All Share Index (ASI) closed lower for the 8th consecutive session. The ASI declined 17bps today to close at a 7-month low of 25,462.28 points, bringing YTD loss of the index to 11.1%. Market capitalization also dipped N12.9bn to settle at N8.8tn as overall performance was weighted down by sell pressure in FORTE (-9.7%), TOTAL (-5.0%) and PZ (-3.3%). However,…

Read More

Egyptian Exchange gains EGP 13.7bn on foreign buying

Egyptian Exchange gains EGP 13.7bn on foreign buying

CAIRO (Capital Markets in Africa) –  The Egyptian Exchange finished Monday on a stronger note amid foreign buying appetite for blue-chip stocks. The main index EGX30 hit the highest mark since 8 May 2008 after adding 265.6 points or 2.36% to close at 11,543.07 points.   CIB, Talaat Moustafa, SODIC, Edita, Hermes, Qalaa, Amer Group, Orascom Telecom, Ezz Steel, Domty, GB Auto, Elsewedy, Global Telecom, Pioneers, and Egyptian Resorts saw a 1.3-10% rise. Meanwhile, Kuwait…

Read More

Nigeria Capital Markets Update Week Ending Nov 18 2016

Nigeria Capital Markets Update Week Ending Nov 18 2016

Equities Market Review and Outlook The bearish trend in the local bourse was unrelenting this week in continuation of last week’s performance as the equities market closed in the red on all trading days owing to negative sentiment towards large cap stocks across sectors. Accordingly, the All Share Index (ASI) fell 2.4% W-o-W to settle at 25,537.54 points whilst YTD return worsened to -10.8%. Market capitalization also contracted N218.1bn to close at N8.8tn. The benchmark…

Read More
1 18 19 20 21 22 200