Nigerian equity capital |

Guinness Nigeria records 29% growth in revenue in Q3

Lagos – April 27, 2017 – Guinness Nigeria Plc, the nation’s leading alcoholic beverage manufacturer and a subsidiary of Diageo Plc, has released its unaudited results for the nine months ended 31 March, 2017. The results detail revenue growth of 29% and a 6% increase in gross profit when compared to the same nine-month period in 2016. While the first half volume growth continued in the third quarter, the third quarter also benefited cycling a…

Nigerian Equities Rebound on account of Bargain hunting… NSE ASI up 7bps

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The Nigerian equities market bucked a 3-day losing streak as the All Share Index (ASI) added 7bps to close at 25,496.71 points. Also, market capitalization increased by N6.5bn to settle at N8.8tn while YTD loss pared to -5.1%. Today’s performance was mainly driven by gains in GUARANTY (+1.7%), NIGERIANBREWERIES (+1.2%) and FBNH (+3.2%). On the contrary, market activity declined as volume and value traded fell by 38.5% and 35.2% to settle at 247.7m units and…

Fact from History: Is the party begins for Nigeria’s Equity Investors?

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa — The Nigeria’s Central Bank reduced its Monetary Policy Rates (MPR) by 200 basis points to 11.00 percent against market expectations and the country macroeconomic fundamental outlook. The question is how will Nigerian equity markets reacts to this development? Many investors believe that when rates fall, the party begins for stock prices and rate hike is the party is over for stock prices. Is the party begins for Nigerian…

Nigerian Equity Markets | 02 Nov 2015: Negative Trading Persists…. ASI down 18bps

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equity market benchmark index went further below the 30,000pts psychological mark after dipping 18bps today to close at 29,136.85pts. This decline was driven by the sell-offs recorded in DANGOTE CEMENT (-1.0%), UNILEVER (-5.0%) and FBN Holdings (-1.2%). In a similar manner, market capitalization fell N105.3bn to settle at N10.0tn. Activity level measured by volume and value traded however showed mixed performances as volume advanced 49.9% to 308.1m…

Nigerian Equity Markets | 30 Oct 2015: Nigerian Equities end the week negative … NSE ASI 90bps lower

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market ended the week negative, closing the last trading session for the week 0.9% lower as the All share Index settled at 29,190.54pts, sustaining a week-long of bearish sentiment. Market capitalisation equally shed N87.4bn to berth at N9.9tn for the week. Today’s decline remained on account of sell pressure on OANDO. We observed that the Oil and Gas Stock has plunged 40.0% since the submission of…

Nigerian Equity Markets | 29 Oct 2015: Nigerian Equities Sustains Losing Momentum… NSE ASI sheds 70bps

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equity market has sustained its bearish momentum following weak earnings results and regulatory sanctions which have doused investors’ confidence, resulting into a further 70bps decline in the benchmark — All Share Index — to close at 29,189.22 points, whilst market capitalization shed N71.2bn to N10.0tn. Consequently, Month to Date and Year to Date closed southwards at -6.5% and -15.8%. The weakening in the benchmark equities indicators today was…

Nigerian Equity Markets | 28 Oct 2015: Bearish Run Continues on Nigerian Equity Markets…. ASI declines 60bps

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The Nigerian stock market sustained its bearish run into the 6th trading session as the benchmark equities index – All Share Index (ASI) dipped 60bps to close at 29,396.31pts, bringing WTD, MTD and YTD returns to -2.1%, -5.8% and -15.2% respectively. Similarly, market capitalization shed N60.7bn to N10.1tn. The sustained losing streak in the bourse was against the backdrop of continued selling pressure in OANDO (-9.6%) and STANBIC (-7.5%)…

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