Nigerian Equity Markets | 25 Nov 2015: Stock Market Rebounds on MPR Cut but Sell Down Persists in Oil & Gas Sector

Nigerian Equity Markets | 25 Nov 2015: Stock Market Rebounds on MPR Cut but Sell Down Persists in Oil & Gas Sector

Lagos, Nigeria, Capital Markets in Africa — After reaching the lowest point since February 2015 in the prior session, the Nigerian equities market rebounded today following cuts in MPR (from 13.0% to 11.0%) by the monetary authorities yesterday. The All Share Index rose 0.5% to settle at 27,743.92pts today. Investors gained a total of N52.3bn as market capitalization increased to N9.5tn. Market activity was mixed as volume and value traded closed 203.8m units (+15.6%) and N2.8tn…

Read More

Nigerian Equity Markets | 24 Nov 2015: NSE ASI shed 0.9%, Industrial Goods Index Records Highest Loss,

Nigerian Equity Markets | 24 Nov 2015: NSE ASI shed 0.9%, Industrial Goods Index Records Highest Loss,

Lagos, Nigeria, Capital Markets in Africa —  The benchmark index of the Nigerian stock market shed 0.9% today to berth at 27,596.81pts. This dragged YTD loss to a distressing 20.4%, the highest loss since 13th February 2015. Market capitalization declined N84.8bn to N9.5tn. Market activity on the other hand improved; volume and value traded rose to 176.4m (+14.0%) and N3.1bn (+38.0%) respectively. All key sector indices were also down. The Industrial Goods sector recorded 1.6% loss…

Read More

Nigerian Equity Markets | 23 Nov 2015: Nigerian Equities Market in Free fall? …NSE ASI down 102bps

Nigerian Equity Markets | 23 Nov 2015: Nigerian Equities Market in Free fall? …NSE ASI down 102bps

Lagos, Nigeria, Capital Markets in Africa — There seems to be no respite for the Nigerian Equities market at the moment as the bearish run was extended to the 6th trading day, today. The Benchmark Index -All Share Index- depreciated 1.0% to close at 27, 843.55points. The poor performance today was broadly driven by sell-offs in NIGERIAN BREWERIES (-4.2%), ZENITH (-3.0%) and GUARANTY (-2.1%) as market capitalization fell N9.9bn to N9.6tn. However, market activity level strengthened…

Read More

Nigerian Equity Markets | 19 Nov 2015: Equity Sell down Moderates as Breadth Rebounds …NSE sheds 6bps

Nigerian Equity Markets | 19 Nov 2015: Equity Sell down Moderates as Breadth Rebounds …NSE sheds 6bps

Lagos, Nigeria, Capital Markets in Africa — The Nigeria All Share Index continued the southbound course today to extend losses to the 4th trading session. The index dipped 6bps to 28,203.20pts while YTD loss remained 18.6%. Bellwethers that furthered the decline in the benchmark index were NIGERIAN BREWERIES (-0.5%), OANDO (-5.0%) and GUARANTY (-0.4%). Investors lost N5.6bn as market capitalization closed at N9.7tn. Market activity showed mixed signals today; volume traded increased 21.8% to 175.0m units…

Read More

Nigerian Equity Markets | 18 Nov 2015: How Much Lower and When to Stop? …NSE ASI down 47bps

Nigerian Equity Markets | 18 Nov 2015: How Much Lower and When to Stop? …NSE ASI down 47bps

Lagos, Nigeria, Capital Markets in Africa — The bears’ hold on the Nigerian bourse was tightened today as the All Share Index trended further southwards, losing 0.5% to settle at 28, 219.44 points, an 11-week low. The poor performance of the market today was broadly driven by the persistent sell-offs in NIGERIAN BREWERIES (-1.5%) as well as losses in FORTE OIL (-5.0%) and STANBIC (-4.9%). Capitalization in the market also depreciated N45.3bn to berth at N9.7tn….

Read More

Nigerian Equity Markets | 17 Nov 2015: Equity Market Continues Slippery Slide Downhill…NSE ASI down 64bps

Nigerian Equity Markets | 17 Nov 2015: Equity Market Continues Slippery Slide Downhill…NSE ASI down 64bps

Lagos, Nigeria, Capital Markets in Africa — The bearish sentiment in the Nigerian Bourse continued as sustained sell-offs drove the All Share Index down 0.6% to berth at 28,351.28 points. The negative performance today was broadly driven by losses in  FBNH (-7.5%),  GUINNESS (-5.0%) and  NIGERIAN BREWERIES (-2.4%) even as market capitalization fell N62.4bn to N9.7tn. Activity level in the market was mixed today as volume traded dipped 35.7% to130.0m units while value traded appreciated 129.2%…

Read More

Nigerian Equity Markets | 16 Nov 2015: Bears Claw Market Back as Sentiment Wanes … NSE ASI Down 107bps

Nigerian Equity Markets | 16 Nov 2015: Bears Claw Market Back as Sentiment Wanes … NSE ASI Down 107bps

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market dipped into the red at the close of trade today, to erase the marginal gain recorded last Friday. The Benchmark Index –All Share Index- fell 1.1% to close at 28, 532.81points. The bears’ hold on the market further tightened as seen from the losses in bellwether Banking and Consumer Goods counters –  ZENITH (-4.8%), GUARANTY (-3.7%) and NIGERIAN BREWERIES (-2.1%) which drove the negative performance….

Read More
1 2 3 4