African Stock Exchanges

Lagos, Nigeria (Capital Markets in Africa) — Following a marginal gain recorded yesterday, Nigerian equities market benchmark index yielded to sell pressure today, as the All Share Index (ASI) dipped 0.6% to berth 31,269.71pts. Today’s bearish outcome was on account of price depreciation in DANGCEM (-0.5%), NIGERIAN BREWERIES (-4.2%) and CONOIL (-9.7%). Market capitalization contracted N60.6bn to settle at N10.7tn. Market activity however improved as volume rose 91.5% to 281.0m units while value surged 102.7% to…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian equities market opened for the week on a positive note extending its positive performance from the previous week. The Benchmark index – All Share Index- appreciated 1bp to close at 31, 446.42 points as price appreciation in DANGCEM (+2.2%), GUARANTY (+0.6%) and MOBIL (+3.1%) propelled the bourse. Investors’ value increased by N1.6bn hence market capitalization settled at N10.8tn.  However, market activities waned considerably as volume and…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equities market halted gains today following four consecutive days of gains as the Benchmark Index (ASI) eased 17bps to close at 31,441.71 points. The market performance was primarily influenced by price depreciation in banking counters such as STANBIC (-4.1%), GUARANTY (-2.4%) and ZENITH (-1.7%). Thus, investors lost a total of N18.5bn today as market capitalization settled at N10.8tn. Activity level within the market also declined as…