Nigeria Equity Watch | 04 August 2015 : Nigeria All Share Index continues on its positive streak up 70bps

Nigeria Equity Watch | 04 August 2015 : Nigeria All Share Index continues on its positive streak up 70bps

Lagos, Nigeria (Capital Markets in Africa) — Taking a cue from yesterday’s rebound, the ASI continued on its positive streak up (+70bps), to close 30,458.86pts at the end of trading. Activities of bargain hunters gave support to the index, resulting in cumulative gains of 92bps MTD, bringing YTD return to (-12.11%). Volumes were up 35%, occasioned by block trades in financial service sector stocks: GTB (62.6m shares; N1.44bn), Zenith (61.9m shares; N991m), and Mansard (189m…

Read More

Nigeria Equity Watch | 03 August 2015 : Nigeria market takes a breather after 8 Days of Losses… NSE ASI up 0.2%

Nigeria Equity Watch | 03 August 2015 : Nigeria market takes a breather after 8 Days of Losses… NSE ASI up 0.2%

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian All Share Index (ASI) started the month on a positive note, up 0.2% to close at 30,247.83pts during today’s trade. Similarly, investors gained N23.2bn, thus market capitalisation settle at N10.4tn. Today’s slight rise in the ASI was on the back of appreciations recorded in DANGOTE CEMENT (+0.6%) and GUINNESS (+3.9%). Market activities measured by volume and value of shares traded also increased 19.4% to 320.2m units…

Read More

Nigeria Equity Watch | 31 July 2015 : Nigerian Equities Market slipped into eight consecutive days of losses

Nigeria Equity Watch | 31 July 2015 : Nigerian Equities Market slipped into eight consecutive days of losses

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equities Market slipped into eight consecutive days of losses as the All Share Index (ASI) lost 84bps to close at 30,180.27points. Market capitalization declined N87.7bn to berth at N10.3tn. The poor performance of the market today was driven by sell downs in GUINNESS (-5.0%), FBN HOLDINGS (-4.4%) and GUARANTY (-3.4%). Activity level within the market was however mixed as volume traded appreciated 73.8% to 268.2m units…

Read More

Nigeria Equity Watch | 30 July 2015 : Market Capitalization Sheds N25.6bn…NSE ASI down 25bps

Nigeria Equity Watch | 30 July 2015 : Market Capitalization Sheds N25.6bn…NSE ASI down 25bps

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equities market continued the bearish run as the NSE ASI shed 25bps to 30,426.18pts. Market capitalization declined N25.6bn to N10.4tn. Today’s trade was driven by major losses in Consumer goods and Banking counters such as NIGERIAN BREWERIES (-0.8%), GUINNESS (-1.7), GUARANTY (-1.7%) and FBN HOLDING (-3.7%) Market activity also declined as value slipped 4.1% to N4.2bn and volume reduced 30.7% to 154.2m units OANDO Improves 0.6%…

Read More

Nigeria Equity Watch | 29 July 2015 : Benchmark Index Records Marginal Decline… NSE ASI down 34bps

Nigeria Equity Watch | 29 July 2015 : Benchmark Index Records Marginal Decline… NSE ASI down 34bps

Lagos, Nigeria (Capital Markets in Africa) — Market volumes came in slightly lower than previous day; down (-10.65%) with a turnover of $22.05mn. Block trades shrouded real liquidity with Zenith (about 50m shares), Guaranty (about 34m shares), Nestle (about 1m shares) and NB (about 5m shares) recording substantial volumes. Market breathe continues to signal weak sentiments towards equities; with only 16 stocks appreciating, 29 declining and 52 stocks remaining unchanged, affirming the obvious bearish stance. Guaranty (-1.63%), Access…

Read More

Nigeria Equity Watch | 28 July 2015 : Nigerian Equities Market Hemorrhage Persists …NSE ASI down 63bps

Nigeria Equity Watch | 28 July 2015 : Nigerian Equities Market Hemorrhage Persists …NSE ASI down 63bps

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Bourse dipped 63bps at the close of market as the All Share Index (ASI) berthed at points, hence YTD loss settled at -11.7%. Today’s decline was attributed to persistent bearish sentiment on counters such as ZENITH (-2.8%), NIGERIAN BREWERIES (-1.5%) and GUARANTY (-1.5%). Similarly, Market capitalization shed N66.1bn to close at N10.5tn. Market activity on the other hand improved as volume and value rose 191.5% and…

Read More

Nigeria Equity Watch | 27 July 2015 : Equities Market Trades Without Drive…NSE ASI Declines 91bps

Nigeria Equity Watch | 27 July 2015 : Equities Market Trades Without Drive…NSE ASI Declines 91bps

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Bourse benchmark index (ASI) continued southwards, shedding 0.9% to berth at 30,807.54pts. This pulled YTD return lower to –11.1%. Performances of some largely capitalized counters such as NIGERIAN BREWERIES (-3.3%), ZENITH (-3.0%) and GUARANTY (-1.7%) were accountable for the decline in the ASI today. Market capitalization contracted N120.9bn and closed N10.6tn. However, market activity strengthened as volume and value traded improved 38.8% and 28.2% to 184.2m…

Read More
1 10 11 12 13 14 19