Market Watch | - Part 10

Nigerian Equities Rebound on account of Bargain hunting… NSE ASI up 7bps

LAGOS (Capital Markets in Africa) – The Nigerian equities market bucked a 3-day losing streak as the All Share Index (ASI) added 7bps to close at 25,496.71 points. Also, market capitalization increased by N6.5bn to settle at N8.8tn while YTD loss pared to -5.1%. Today’s performance was mainly driven by gains in GUARANTY (+1.7%), NIGERIANBREWERIES (+1.2%) and FBNH (+3.2%). On the contrary, market activity declined as volume and value traded fell by 38.5% and 35.2% to settle at 247.7m units and…

Nigerian Equities Open Bearish as Investors Book Profit … NSE ASI down 47bps

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The benchmark index closed negative today as investors booked profit on stocks which had gained last week. As a result, the All Share Index (ASI) lost 45bps to close at 25,626.39 points, pushing YTD loss to 4.6% while market capitalization settled at N8.9tn. Today’s performance was dragged by losses in NIGERIAN BREWERIES (-2.0%), GUARANTY (-0.8%) and ETI (-2.8%). However, activity level was mixed as volume traded rose 77.7% to 191.8m units while value traded…

Nigerian Bourse Sustains Uptrend …NSE ASI up 1.1%

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigerian equities sustained gains observed yesterday as the All Share Index further strengthened 1.1%, trimming YTD loss to 4.2%. The performance was largely driven by rebound in the prices of DANGCEM (+2.2%) and GUARANTY (+2.0%) as well as further appreciation in WAPCO (+5.0%) and 7UP(+9.4%). Consequently, market capitalization improved N98.1bn to settle at N8.9tn. Activity level also improved as volume and value traded increased 52.2% and 32.2% to 241.6m units and N1.5bn with a total…

Nigerian Equity Benchmark Index Rebounds as Mid-Caps Rally… NSE ASI up 0.8%

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The equity market rebounded today from a streak of losses as the broader index appreciated 0.8% to close at 25,471.69 points, paring YTD loss to 5.2% while market capitalization added N71.1bn to settle at N8.8tn. The uptrend in the All Share Index was largely as a result of renewed buy sentiment in mid-cap counters in the Industrial and Oil & Gas sectors – WAPCO (+10.2%), MOBIL (+10.3%) and OANDO(+10.1%) – as well as bargain…

Nigerian Bourse Records Flattish Close… NSE ASI down 3bps

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The local bourse recorded a flattish close as the benchmark index shed 3bps to close at 25,266.15 points while YTD loss stayed at 6.0%. Rally in OANDO (+6.3%) which submitted FY:2016 result late yesterday was offset by a weak appetite for Tier-1 banks – ETI (-3.0%), UBA (-2.3%), GUARANTY (-0.6%) – as well as FORTE (-5.9%) to ensure the flattish close. Accordingly, investors lost N2.4bn as market capitalization settled at N8.7tn. However, activity level surged from yesterday’s low as…

Weak Appetite for Large Caps drag Nigerian Equity Index lower

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The Nigerian equities market started the month of April on a bearish note as the All Share Index recorded a 95bps loss to settle at 25,273.03 points. Performance was dragged by declines inDANGCEM (-2.4%), NIGERIAN BREWERIES (-1.5%) and GUARANTY (-2.4%). Thus YTD loss worsened to –6.0%. Investors lost N84.2bn as market capitalization closed at N8.7tn. Activity level also slowed as volume and value traded declined by 83.5% and 99.3% to 97.7m units and N682.8m…

Nigerian Senate Approves Sale of Extra $500 Million Eurobond

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria’s senate approved a plan on Wednesday for the issuance of an additional $500 million of Eurobonds after demand for the sale of $1 billion of debt securities in February exceeded supply. The West African nation wants to “take advantage of favorable market conditions,” the government said on its Twitter account. The proceeds from the sale will fund projects in last year’s budget, it said. Nigeria has sought other sources…

« 1 … 8 9 10 11 12 … 201 »