Nigerian Equity Markets | 15 Oct 2015: Nigerian share gains on blue chips… NSE ASI rises 0.1%

Nigerian Equity Markets | 15 Oct 2015: Nigerian share gains on blue chips… NSE ASI rises 0.1%

Lagos, Nigeria, Capital Markets in Africa — After staying in the southward region for the most part of the day, the Nigerian equities market reversed downtrend to close 11bps higher and settle at 29,700.08 points on the back of marginal rebound in DANGOTE CEMENT (+0.6%), FORTE OIL (+2.3%) and ETI (+1.8%). Market capitalisation also added N11.0bn to berth at N10.2tn at the close of trade. Market activities equally improved as volume and value added 7.6% and…

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Nigerian Equity Markets | 14 Oct 2015: NSE ASI drops 1.3%, key sector indices lower …

Nigerian Equity Markets | 14 Oct 2015: NSE ASI drops 1.3%, key sector indices lower …

Lagos, Nigeria, Capital Markets in Africa — Nigerian All Share Index (ASI) continued its losing streak, tumbling 1.3% to close at 29,668.16 points driven by profit taking primarily in DANGOTE CEMENT (-2.4%), GUARANTY (-2.7%) and NIGERIAN BREWERIES (-1.1%). However, we note that ex DANGOTE CEMENT, there would have been a moderation in the ASI decline to 0.9%. Similarly, market capitalisation weakened N134.1bn to close at N10.2tn as turnover worth N1.6bn was realized in 160.6m units of shares….

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Nigerian Equity Markets | 13 Oct 2015: Nigerian Equities Market Retracts Uptrend… ASI Down 57bps

Nigerian Equity Markets | 13 Oct 2015: Nigerian Equities Market Retracts Uptrend… ASI Down 57bps

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market retracted two consecutive days of gains as the composite index fell 57bps to close at 30,058.40 points after today’s trading session. In a similar manner, market capitalization lost N59.2bn to settle at N10.3tn. Today’s pullback was consequent on sell offs in DANGOTE CEMENT (-1.8%), NIGERIAN BREWERIES (-1.1%) and PZ (-3.9%). At end of trade, total volume and value of transactions traded declined 7.7% and 6.6%…

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Nigerian Equity Markets | 12 Oct 2015: Nigerian Equities Stay Northward… NSE ASI Reaps 0.2%

Nigerian Equity Markets | 12 Oct 2015: Nigerian Equities Stay Northward… NSE ASI Reaps 0.2%

Lagos, Nigeria, Capital Markets in Africa — For the second consecutive trading session running, the NSE All Share Index (ASI) closed 0.2% higher today to settle at 30,231.16pts. Equally, market capitalisation added N2.7bn to close at N10.4tn. This is attributable to buying interests recorded in ZENITH BANK (+3.1%), FORTE OIL (+3.9%) and GUARANTY (+1.4%). Market activities as measured by volume and value were mixed as volume declined by 28.4% while value of transactions increased by 10.8%….

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Nigerian Equity Markets | 09 Oct 2015: Nigerian Equity Ends Green After 5 days in Red… Market Cap N14 Billion higher …

Nigerian Equity Markets | 09 Oct 2015: Nigerian Equity Ends Green After 5 days in Red… Market Cap N14 Billion higher …

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Bourse ended the week in green after 5 days of consecutive losses as the All Share Index (ASI) inched 14bps higher to close at 30,165.22 points. Similarly, market capitalization expanded N14.4bn to close at N10.4tn. Today’s positive close was on the back of appreciations in Banking bellwethers – GUARANTY (+1.4%), ZENITH (+1.6%) and FBNH (+1.6%). However, market activities decreased — volume and value were down 14.4%…

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Nigerian Equity Markets | 08 Oct 2015: Nigerian Equity Losses Moderate on the Bourse… NSE ASI Sheds 6bps

Nigerian Equity Markets | 08 Oct 2015: Nigerian Equity Losses Moderate on the Bourse… NSE ASI Sheds 6bps

Lagos, Nigeria, Capital Markets in Africa — The equities market continued on its losing streak today, although marginal, as the Nigerian All Share Index shed 6bps at the close of today’s trade to 30,123.20pts. Equally, after shedding N6.1bn, market capitalization settled at N10.4tn. This decline in the benchmark index was consequent on the losses recorded in banking counters – ACCESS (-3.8%) and ZENITH (-1.5%). Market activities measured by the volume and value of transactions also…

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Nigerian Equity Markets | 07 Oct 2015: Losses Continue to the Fourth Day… NSE ASI down 0.6%

Nigerian Equity Markets | 07 Oct 2015: Losses Continue to the Fourth Day… NSE ASI down 0.6%

Lagos, Nigeria, Capital Markets in Africa — The All Share Index –ASI – continued into its fourth day of losses, shedding 0.6% to settle at 30,141.06pts. In like manner, market capitalisation declined N65.2bn to close at N10.4tn. The weakening in the index was against value depreciation in GUARANTY (-4.4%), FORTE OIL (-3.6%) and ZENITH (-1.8%). Market activities were however mixed as volume waned 12.7% to 262.2m units while value rose 24.2% to settle at N3.8bn….

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