Nigerian Stock Market

Lagos, Nigeria (Capital Markets in Africa) — As the global equities quiver on the Chinese market rumble, the Nigerian Bourse sustains further loses as against rebounds noticed in some European and the US Markets. This was on the back of additional depreciation in large cap stocks such as NIGERIAN BREWERIES (-5.0%), GUARANTY (-3.9%) and DANGOTE CEMENT (-0.6%). The All Share Index declined 1.4% to 28,807.13pts thereby extending YTD loss to 16.9% while W-o-W decline berthed…

Lagos, Nigeria (Capital Markets in Africa) — Bearish bets on DANGOTE CEMENT (-4.0%), ZENITH (-6.5%) and NIGERIAN BREWERIES (-1.7%) extended the losing course of the Nigerian stock market today. As a result, the benchmark index declined 2.2% to 29,214.13pts bringing YTD loss to 15.7%, the greatest loss in 6 months. Investors lost N227.7bn to peg market capitalization at N10.0tn at the close of market. Likewise, market activity declined as value and volume traded shed 43.9%…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equities Market gained today as the All Share Index (ASI) improved 0.4% to close the week at 29,878.33pts. Market capitalization also appreciated N79.3bn to settle at N10.2tn. Today’s performance was primarily driven by gains in NESTLE (+9.5%), ACCESS (+9.8%) and FORTE (+4.4%). Market activity measured by total volume and value traded eased as volume traded appreciated 88.0% (345.7m units) while value traded increased 6.3% to close…

Lagos, Nigeria (Capital Markets in Africa) — The activities in the Nigerian Bourse mirrored that of yesterday, as bearish sentiment persisted until a late rally in DANGCEM (+1.8%) boosted the performance today. Notwithstanding the above, the All Share index depreciated 0.2% closing the day at 30, 042.38points. Today’s decline was broadly driven by losses in OANDO (-5.0%), GUARANTY (-1.8%) and ZENITH (-1.2%). Market capitalization also declined 0.2% to berth at N10.3tn. Market activity worsened, as…

Lagos, Nigeria (Capital Markets in Africa) — The light at the end of the tunnel seemed to be getting dimer on the Nigerian Bourse as the Bears ran the Market riot up until the last few minutes of trading when a sudden rally in DANGCEM (+5.0%) lifted the market. The Benchmark Index- All Share Index- appreciated 0.7% after trading today to settle at 30,112.62 points. Gains recorded in FCMB (+4.0%), WEMA (+3.5%) and ACCESS (+2.4%)…

Lagos, Nigeria (Capital Markets in Africa) — It was a sea of red in the equities market today as the bears extended their rule over the Nigerian Equities market leading the market to close in the red for the day. This was reflected in the 2.6% decline in the All Share Index which closed at 29, 909.44 points today. The market was dragged lower by selloffs in heavily weighted stocks in the index namely, DANGCEM…