Nigeria

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market sustained a second day in the red as profit taking activities persisted across counters. Consequently, the All Share Index further slid 0.6% to berth at 30, 025.62points at the close of trade. The major losers that dragged the market southwards today were ETI (-3.7%), DANGCEM (-1.6%) and NIGERIAN BREWERIES (-0.7) and this led to a N59.6bn loss in market capitalization which settled at N10.3tn. Activity…

Lagos, Nigeria, Capital Markets in Africa — The bullish run the Nigerian equities market enjoyed in the last four trading days was halted today as the benchmark index — All Share Index- slipped into the red losing 0.4% to close at 30,199.15points. The poor performance of the market was spearheaded by losses in DANGCEM (-2.6%), WAPCO (-0.5%) and GUARANTY (-0.2%). Market capitalization also fell N43.3bn to settle at N10.4tn. Trading activity level within the market was…

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market continued on its bullish start to the week as the All Share Index (ASI) appreciated 0.4%to close at 30,325.11points. The positive outing was broadly driven by gains in FORTE (+3.5%), ETI (+2.5%) and GUARANTY (+1.6%). Accordingly, investors gained N36.5bn bringing total capitalization within the market to N10.4tn. Activity level improved today as volume and value traded grew 134.9% and 66.6% to berth at 245.4m units…

Lagos, Nigeria, Capital Markets in Africa — The Nigerian bourse opened the week positive as the Benchmark Index — All Share Index — was up 129bps to close at 30, 219.01 points. The Market was heading for a marginal gain up until a massive rally in DANGCEM (+4.9%) few minutes to the close of trade uplifted the bourse. Some other counters that drove the positive performance were GUARANTY (+0.2%) and ZENITH (+0.1%). Similarly, a total of…

Lagos, Nigeria, Capital Markets in Africa — Following the trickling in of some Q3:2015 results that began yesterday, the market ended the week stronger than it opened, closing 0.5% higher to 29,834.21 points. Market capitalization equally improved N46.1bn to settle at N10.3tn. Today’s sustained positive performance was against renewed buying interest in ZENITH (+3.9%), GUARANTY (+2.0%) and FORTE OIL (+3.7%). Market activities measured by volume and value however declined 9.0% and 35.3% to 157.3m units and…

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…

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….