Nigerian Equity Markets | 9 Sep 2015: Market Tumbles on JPMorgan’s Notification…NSE ASI Losses 2.9%

Nigerian Equity Markets | 9 Sep 2015: Market Tumbles on JPMorgan’s Notification…NSE ASI Losses 2.9%

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Bourse halted 3 consecutive days of gains as the Benchmark Index –All Share Index (ASI)- succumbed to heavy sell offs in the market, slumping 2.9% to close for the day at 29,454. 09points. We believe trading activities today were largely driven by panic in the market due to JP Morgan’s announcement to begin the de-listing of Nigerian Government Bonds from its emerging markets bond Index (GBI-EM) by…

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Nigerian Equity Markets | 8 Sep 2015: Nigerian Equities Sustain Positive Run ASI up 102bps

Nigerian Equity Markets | 8 Sep 2015: Nigerian Equities Sustain Positive Run ASI up 102bps

Lagos, Nigeria, Capital Markets in Africa — Nigerian equities sustained bullish momentum into the third consecutive trading session after crossing the psychological line of 30,000 points yesterday. The benchmark index advanced 102bps today to close at 30,358.87points, paring YTD loss to 12.4%. Market capitalization also added 105.4bn to close at N10.4tn. The improvement in the benchmark index today was on account of sustained bargain hunting in DANGCEM (+0.8%) and banking counters — ZENITH (+8.8%), STANBIC…

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Nigerian Equity Markets | 7 Sep 2015: Nigerian Equities Open the Week Bullish… ASI up 1.8%

Nigerian Equity Markets | 7 Sep 2015: Nigerian Equities Open the Week Bullish… ASI up 1.8%

Lagos, Nigeria, Capital Markets in Africa —The Nigerian Equity Market opened the week on a bullish note as investors’ sentiment on the bourse stayed positive. The benchmark equity index – All Share Index (ASI) — appreciated 1.8% to close at 30,052.29 points, further paring YTD losses to -13.3%. Similarly, Market Capitalization rose N181.6bn to close at N10.3tn. The rally in the market today was broadly driven by bargain hunting in DANGOTE CEMENT (+2.9%) and sustained…

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Nigerian Equity Markets | 4 Sep 2015: Nigerian Market Sinks ends the week stronger ….

Nigerian Equity Markets | 4 Sep 2015: Nigerian Market Sinks ends the week stronger ….

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market ended the week stronger, closing the last trading session for the week 0.4% higher after the All Share Index closed at 29,511.08 points. Market capitalisation equally improved N40.3bn to settle at N10.1tn for the week. Today’s gain in index is attributable to appreciations in banking counters — ZENITH (+3.9%), UBA (+10.1%) and FBNH (+5.0%). Market activities were however mixed as volume advanced 1.4% to…

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Zimbabwe Equity Market | 4 Sep 2015: Zimbabwe Equity trading ends the week in red …

Zimbabwe Equity Market | 4 Sep 2015: Zimbabwe Equity trading ends the week in red …

Harare, Zimbabwe, Capital Markets in Africa — the bear mood persisted at the end of today’s trading session, hence the Zimbabwe Stock Exchange (ZSE) industrial index declined by 0.45 percent or 0.62 points to end at 135.47 points. The ZSE Industrial index retreated by 0.68 points or 0.50 percent on a week-on-week basis. The market capitalization ended at US$3.533 billion by losing US$4 million relative to market capitalization of US$3.549 billion recorded at the previous trading…

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Nigerian Equity Markets | 4 Sep 2015: Cement Stocks Drag Market Performance… NSE ASI down 1.6%

Nigerian Equity Markets | 4 Sep 2015: Cement Stocks Drag Market Performance… NSE ASI down 1.6%

LAGOS, Nigeria, Capital Markets in Africa — The Nigerian bourse extended the previous day’s loss to today as the All share Index (ASI) fell 1.6% to close 29,393.77pts. Market capitalization also shed 164.1bn to close at 10.1tn. The decline in the ASI is attributable to further depreciations recorded in bellwether stocks such as DANGCEM (-5.0%), WAPCO (-4.0%) and NESTLE (-1.2%). Similarly, market activities measured by volume and value declined 37.8% to 273.7m units and 36.1% to N2.9bn respectively. Sector indices were…

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Zimbabwe Equity Market | 3 Sep 2015: Zimbabwe Stock Exchange industrial index lower today …

Zimbabwe Equity Market | 3 Sep 2015: Zimbabwe Stock Exchange industrial index lower today …

Harare, Zimbabwe (Capital Markets in Africa):-Zimbabwe equity markets returned to negative at the end of Thursday’s trading session. The Zimbabwe Stock Exchange (ZSE) industrial index declined by 0.09 percent or 0.12 points to end at 135.47 points. The market capitalization ended at US$3.549 billion by gaining US$7 million relative to market capitalization of US$3.556 billion recorded at the previous trading session. The market activity today recorded a turnover of US$381,764 (a reduction compared to 1,134,382 recorded…

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