Nigeria | - Part 9

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%…

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

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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….

Nigerian Equity Markets | 12 Nov 2015: Equities Market Pullback on Loss in NIGERIAN BREWERIES…. ASI Drops 74bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market retreated into the negative territory after the marginal gain recorded yesterday as the All Share Index (ASI) declined 74bps to close at 28,798.67pts, whilst market capitalization shed N74.3bn to close N9.9bn. Consequently, MTD and YTD losses widened to 1.3% and 16.9%. The pullback in the broader index was majorly due to the sustained sell-pressure in NIGERIAN BREWERIES (-2.3%) and depreciations in WAPCO (-4.0%) and ETI…

Nigerian Equity Markets | 10 Nov 2015: Sell-down Pressure Persists in the Bourse… ASI Sheds 0.6%

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian equity market closed southwards today as sentiment swung negative, extending the bearish run in the market which has seen the All Share Index closing negative on 13 out of the last 15 trading sessions. The All Share Index (ASI) declined 64bps today to close at 28,981.12 points whilst YTD loss rose to16.4% – pressured by sell-down pressure in NIGERIAN BREWERIES (-4.1%), ZENITH (-4.0%), FORTE OIL (-2.8%), STANBIC…

Nigerian Equity Markets | 09 Nov 2015: Equities Open Soft on Blue Chips Sell-down…. ASI declines 3bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market closed soft on the first trading day of the week as investors continue to trade cautiously despite the attractive upside value stocks currently presents. Although sentiment swung positive with more gainers than losers, sell down pressure recorded in blue-chip counters — DANGOTE CEMENT (-0.6%) and NIGERIAN BREWERIES (-0.7%) led to a mild 3bps decline in the benchmark equity All Share Index to 29,168.04 points, whilst…

Nigerian Equity Markets | 05 Nov 2015: Nigerian Equity ends in a close call… NSE ASI marginally Sheds 1bps

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Lagos, Nigeria, Capital Markets in Africa — Activities in the Nigerian equities market ended almost flat today after the benchmark index slipped by just 1bps at the end of trade to settle at 29,030.97pts. This was against the declines in market bellwethers — NIGERIAN BREWERIES (-0.7%), UNILEVER (-5.3%) and ZENITH BANK (-1.1%). Market capitalization equally declined N505.2m to settle at N10.0tn. Conversely, market activities measured by volume and value rose 57.1% and 45.4% to 285.2m units…

Nigerian Equity Markets | 04 Nov 2015: OANDO and STANBIC Top Gainers’ Chart… NSE ASI Dips 7bps

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — Loss in the broader index continued today, although moderated relative to previous sessions. Thus, the NSE-ASI closed 7bps lower, settling at 29,032.44ptspts. The fall in the index was against losses recorded in UNILEVER (-5.0%), NESTLE (-0.9%) and MOBIL (-9.8%). Equally, market capitalization contracted N7.0bn to N10.0tn. After investors exchanged 181.6m units of shares worth N2.1bn during trade today, aggregate volume and value rose 8.9% and 82.8% respectively. Sector indices…

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