Nigeria Equity Watch | 13 July 2015 : Nigerian equities continue on red path … NSE all Share index 32 basis points down

Nigeria Equity Watch | 13 July 2015 : Nigerian equities continue on red path … NSE all Share index 32 basis points down

Lagos, Nigeria (Capital Markets in Africa) — Overall market performance indicators, the NSE All Share Index and market capitalisation, declined by 0.32% each to 31,628.20 points and N10.80 trillion respectively. This was amid a 38% increase in the total value traded N5.4 billion, with commercial banking giant, Zenith Bank accounting for over 50%. Dangote Cement and Nestle Nigeria accounted for about 25% and 8% of the total value traded respectively. Commercial banking concern, Unity Bank…

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Nigeria Equity Watch | 10 July 2015 : Nigerian Bourse capped off a week of poor performance by extending its bearish run

Nigeria Equity Watch | 10 July 2015 : Nigerian Bourse capped off a week of poor performance by extending its bearish run

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Bourse capped off a week of poor performance by extending its bearish run to the last trading day of the week. The All Share Index fell 0.1% to close at 31,729 points. The market was dragged by losses in UNILEVER (-5.0%), FORTE OIL (-2.8%) and NIGERIAN BREWERIES (-0.7%). A total of N8.8bn was lost by investors as market capitalization declined to N10.8tn. However, market activity was…

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Nigeria Equity Watch | 9 July 2015 : Market still Bearish… ASI sheds 82bps

Nigeria Equity Watch | 9 July 2015 : Market still Bearish… ASI sheds 82bps

Lagos, Nigeria (Capital Markets in Africa) — Sell-offs in the Nigerian Equities market moderated today causing the broader index to close at 31,768.23pts after dropping 82bps. Following the trend, market capitalisation also dipped N90.0bn to N10.8tn. The decline in index was due to the losses sustained in Oil & Gas and Consumer Goods blue chips — FORTE OIL (-5.0%) and GUINNESS (5.0%) respectively. Conversely, market activities measured by the volume and value of shares traded…

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Foreign Portfolio Investors are net sellers on the NSE in May 2015

Foreign Portfolio Investors are net sellers on the NSE in May 2015

Lagos, Nigeria (Capital Markets in Africa) — Foreign Portfolio Investor (FPI) transactions at the Nigerian bourse decreased to N79.77 billion (about US$ 0.41 billion) in May 2015, down 23.26% from April 2015, amid uncertainity in the fiscal policy direction of the new government, resulting from delays in the appointment of key Ministers. Also, the recent currency control policy by the Central Bank of Nigeria to defend the local currency to preserve the foreign reserves. The local…

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Nigeria Equity Watch | 8 July 2015 : Nigerian bourse sustaining Losses, ASI down 108bps

Nigeria Equity Watch | 8 July 2015 : Nigerian bourse sustaining Losses, ASI down 108bps

Lagos, Nigeria (Capital Markets in Africa) —The NSE All Share Index (ASI) shed an additional 1.1% to close at 32,031.73pts. Today’s decline in index was against the losses recorded in OANDO (-4.9%) and UBA (-4.2%). Similarly, market capitalisation dipped N119.0bn to settle at N10.9tn for the day. Market activities equally decreased as volume declined 10.7% to 194.0m units while value also dropped 2.4% to close at N2.9bn. Consumer Goods and Banking Sectors Shed Points for…

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Nigeria Equity Watch | 7 July 2015 : NSE Maintains Losing Streak to Fifth Day… ASI down 21bps

Nigeria Equity Watch | 7 July 2015 : NSE Maintains Losing Streak to Fifth Day… ASI down 21bps

Lagos, Nigeria (Capital Markets in Africa) — The sell pressure on the Nigerian bourse continued as the All Share Index (ASI) dipped 0.2% to close at 32,380.26pts. This drove 1-Week performance and YTD return to -3.2% and -6.6% respectively. Following the trend, investors lost N21.8bn at the close of trade, bringing market capitalization to N11.1tn. Today’s decline was broadly driven by further depreciation in Banking and Consumer Goods bellwethers – UBA (-6.2%) and NIGERIAN BREWERIES…

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Nigeria Equity Watch | 6 July 2015 : Nigerian Nigerian bourse opens the week negative … ASI dips 0.3%

Nigeria Equity Watch | 6 July 2015 : Nigerian Nigerian bourse opens the week negative … ASI dips 0.3%

Lagos, Nigeria (Capital Markets in Africa) —The Nigerian bourse opened the week negative consequent on the 0.3% loss recorded as the NSE All Share Index settled at 32,447.05pts. Today’s market performance was dragged majorly by price depreciations in bellwether stocks such as NIGERIAN BREWERIES (-1.3%), ZENITH BANK (-1.9%) and GUINNESS (-3.2%). However, market activities as measured by volume and value were positive. Volume and value advanced by 12.3% and 7.6% to close at 155.6mn and…

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