Nigeria

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian Bourse marginally improved on gains recorded in the previous session as the benchmark index closed 0.2% higher today. The All Share Index (ASI) close at 34,355.31 points bringing YTD return to -0.9%. Today’s gain was mainly due to price appreciation in counters such as GUARANTY (+0.3%) and DANGOTE CEMENT (+0.6%). Market capitalization also advanced N49.7bn to close N11.7tn. Market activity was however mixed as value traded rose 0.9% to…

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian Stock market closed in the green today after posting losses for 5 consecutive trading days. NSE ASI gained 0.4% to close at 34,298.64 points. Today’s positive close was largely driven by gains in DANGOTE CEMENT (+1.1%) and FBN HOLDING (+2.2%). Market capitalization also improved N49.9bn to N11.7tn. In like manner, market activity increased as value and volume traded both advanced 34.1% and 145.2% to close N3.7bn and 540.6m units…

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian Bourse fell 0.4% at the close of market today and berthed at 34,151.81 points. The NSE ASI sustained decline largely due to the price depreciation in NESTLE (-1.3%), ZENITH (-1.1%) and UBN (-4.3%). Market capitalization also shed N40.9bn to close at N11.6tn. Market activity however improved as volume and value rose 9.1% and 33.1% to 220.5m units and N2.7bn respectively. WAPCO Drives Gains in Industrial Index The Industrial Index…

Lagos, Nigeria (Capital Markets in Africa):-The Nigerian Bourse suffered a third straight day of losses as the benchmark index- All Share Index- lost 21bps to close at 34, 459.8points. This decline was broadly driven by losses recorded in SEPLAT (-3.6%), ZENITH (-0.9%) and NIGERIAN BREWERIES (-0.4%). In light of this, market capitalization also declined by N25.0bn to close at N11.7tn for the day. Similarly, market activity weakened as volume and value traded declined 89.6% and 75.3%…

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian Equities Market shed 0.5% to close at 34,533.40pts due to losses in bellwether stocks such as GUARANTY (-2.3%) and NESTLE (-2.8%). Similarly, market capitalization declined N58.7bn to berth at N11.3tn. Nonetheless, market activity measured by volume and value traded increased significantly by 426.8% (1.9bn units) and 32.4% (N5.5bn). The unusual spike in volume traded was majorly due to the 1.5bn units (21.5% of LASACO‘s shares outstanding) of LASACO…