Nigerian Equity Markets | 19 Nov 2015: Equity Sell down Moderates as Breadth Rebounds …NSE sheds 6bps

Nigerian Equity Markets | 19 Nov 2015: Equity Sell down Moderates as Breadth Rebounds …NSE sheds 6bps

Lagos, Nigeria, Capital Markets in Africa — The Nigeria All Share Index continued the southbound course today to extend losses to the 4th trading session. The index dipped 6bps to 28,203.20pts while YTD loss remained 18.6%. Bellwethers that furthered the decline in the benchmark index were NIGERIAN BREWERIES (-0.5%), OANDO (-5.0%) and GUARANTY (-0.4%). Investors lost N5.6bn as market capitalization closed at N9.7tn. Market activity showed mixed signals today; volume traded increased 21.8% to 175.0m units…

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Nigerian Equity Markets | 18 Nov 2015: How Much Lower and When to Stop? …NSE ASI down 47bps

Nigerian Equity Markets | 18 Nov 2015: How Much Lower and When to Stop? …NSE ASI down 47bps

Lagos, Nigeria, Capital Markets in Africa — The bears’ hold on the Nigerian bourse was tightened today as the All Share Index trended further southwards, losing 0.5% to settle at 28, 219.44 points, an 11-week low. The poor performance of the market today was broadly driven by the persistent sell-offs in NIGERIAN BREWERIES (-1.5%) as well as losses in FORTE OIL (-5.0%) and STANBIC (-4.9%). Capitalization in the market also depreciated N45.3bn to berth at N9.7tn….

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Nigerian Equity Markets | 17 Nov 2015: Equity Market Continues Slippery Slide Downhill…NSE ASI down 64bps

Nigerian Equity Markets | 17 Nov 2015: Equity Market Continues Slippery Slide Downhill…NSE ASI down 64bps

Lagos, Nigeria, Capital Markets in Africa — The bearish sentiment in the Nigerian Bourse continued as sustained sell-offs drove the All Share Index down 0.6% to berth at 28,351.28 points. The negative performance today was broadly driven by losses in  FBNH (-7.5%),  GUINNESS (-5.0%) and  NIGERIAN BREWERIES (-2.4%) even as market capitalization fell N62.4bn to N9.7tn. Activity level in the market was mixed today as volume traded dipped 35.7% to130.0m units while value traded appreciated 129.2%…

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Nigerian Equity Markets | 16 Nov 2015: Bears Claw Market Back as Sentiment Wanes … NSE ASI Down 107bps

Nigerian Equity Markets | 16 Nov 2015: Bears Claw Market Back as Sentiment Wanes … NSE ASI Down 107bps

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market dipped into the red at the close of trade today, to erase the marginal gain recorded last Friday. The Benchmark Index –All Share Index- fell 1.1% to close at 28, 532.81points. The bears’ hold on the market further tightened as seen from the losses in bellwether Banking and Consumer Goods counters –  ZENITH (-4.8%), GUARANTY (-3.7%) and NIGERIAN BREWERIES (-2.1%) which drove the negative performance….

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Nigerian Equity Markets | 12 Nov 2015: Equities Market Pullback on Loss in NIGERIAN BREWERIES…. ASI Drops 74bps

Nigerian Equity Markets | 12 Nov 2015: Equities Market Pullback on Loss in NIGERIAN BREWERIES…. ASI Drops 74bps

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market retreated into the negative territory after the marginal gain recorded yesterday as the All Share Index (ASI) declined 74bps to close at 28,798.67pts, whilst market capitalization shed N74.3bn to close N9.9bn. Consequently, MTD and YTD losses widened to 1.3% and 16.9%. The pullback in the broader index was majorly due to the sustained sell-pressure in NIGERIAN BREWERIES (-2.3%) and depreciations in WAPCO (-4.0%) and ETI…

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Nigerian Equity Markets | 11 Nov 2015: Equities market halts losing trend as Ministers sworn-in, … ASI gains 12bps

Nigerian Equity Markets | 11 Nov 2015: Equities market halts losing trend as Ministers sworn-in, … ASI gains 12bps

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities Market bucked its losing trend today as the All Share Index (ASI) rose marginally by 12bps to close at 29,014.78 whilst market capitalization also added N11.6bn to N10.0bn. The index was buoyed majorly by the rally in some bellwether counters — NIGERIAN BREWERIES (+2.7%), FORTE OIL (+2.1%) and ZENITH (+1.2%) – as we still observed significant selling pressure with more equities losers than gainers. Market activity,…

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Nigerian Equity Markets | 10 Nov 2015: Sell-down Pressure Persists in the Bourse… ASI Sheds 0.6%

Nigerian Equity Markets | 10 Nov 2015: Sell-down Pressure Persists in the Bourse… ASI Sheds 0.6%

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equity market closed southwards today as sentiment swung negative, extending the bearish run in the market which has seen the All Share Index closing negative on 13 out of the last 15 trading sessions. The All Share Index (ASI) declined 64bps today to close at 28,981.12 points whilst YTD loss rose to16.4% – pressured by sell-down pressure in NIGERIAN BREWERIES (-4.1%), ZENITH (-4.0%), FORTE OIL (-2.8%), STANBIC…

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