Market Watch | - Part 199

Nigeria’s equity positive momentum: 17 Feb 2015

NSE ASI rises 261bps The Nigerian Equity Market sustained upward momentum today as the All Share Index surged 261 basis points to close at 28,452.60pts while market capitalisation also added N241.6bn to close N9.5tn. Today’s positive performance was an extension of yesterday’s price appreciation in large cap stocks — Dangote Cement (3.6%), GTBank (8.5%) and Nestle (5.0%). Market activity however softened, as volume and value traded declined 2.7% and 50.6% to 500.2m units and N3.5bn…

Nigeria’s equity gains N47.8bn: 16th Feb 2015

Posted on by The Editorial Team

NSE ASI up 52bps After seven days of consecutive losses on the Nigerian bourse, the All Share Index gained 52bps today to close at 27,728.63bps. Also, market capitalisation added N47.8bn to close at N9.3tn. Today’s gain was as a result of price appreciation in bellwether stocks – Dangote Cement (1.5%), Zenith (3.4%) and GTBank (2.4%). Similarly, market activities measured by volume and value traded advanced today by 1.4% and 0.1% to berth at 513.9m units…

Market on Overdrive as S & P Places Nigeria on Negative Watch

Posted on by The Editorial Team

NSE ASI dips 273bps at the end of 11th February 2014Nigerian Equity Market extended its 6-day losing streak declining 273bps today, bringing the index to close at a 2-year low of 27,935.77 pts, while YTD loss rose to 19.4%. Market capitalisation also lost N262.1bn to close at N9.3tn. However, trading activities measured by volume and value traded were mixed as volume advanced by 21.2% while value waned by 26.6% to 411.5m units and N4.5bn respectively.All…

Nigerian equities extend losses: 10th Feb 2015

Posted on by The Editorial Team

Equities Extend Losses … NSE All Share Index Dips 80bps The bears remain resolute as losses on the Nigerian Bourse extended into the fourth trading day on the back of increasingly weak macroeconomic fundamentals and political uncertainties dampening sentiments for equities. The All Share Index declined 80bps today to close at 29,125.69 points, driving YTD loss to 16.0%. Also, market capitalization shed N78.4bn to close at N9.7tn. Today’s decline came amidst sell-off recorded in Guaranty…

Nigerian Equity Market Reacts to Heightened Political Uncertainty: 9 Feb 2015

Posted on by The Editorial Team

Equity Market Reacts to Heightened Political Uncertainty… ASI Slumps 208bps The Nigerian Bourse expectedly experienced sell-down pressure today as investor sentiment weakened. This is premised on the heightened uncertainties surrounding the socio-political environment due to the postponement of the 2015 general elections announced over the weekend. Against this backdrop, the All Share Index (ASI) declined 208bps on the first trading day of the week to close at 29,360.55 points, pushing the YTD losses to 15.3%….

The Bears Resurface in Nigerian Equities: 5 February 2015

Posted on by The Editorial Team

Nigeria Daily Stock Market Report | The Bears Resurface¦ NSE ASI loses 136bps: 5th February 2015After three consecutive days of bullish run, there was a reversal in the market as the benchmark index lost136bps to close at 30,200.97 points as market capitalisation also lost N121.4tn settling at N10.1tn. Today’s decline in index was driven majorly by losses in large cap stocks — Dangote Cement (1.9%), Nigerian Breweries (3.0%) and Guaranty (3.0%). On the other hand,…

Nigerian Equities Sustain Positive Momentum, 3 February 2015

Posted on by The Editorial Team

Equities Sustain Positive Momentum… NSE-ASI Up 46bps The Nigerian equities sustained its positive momentum today on the back of gains in banking stocks — Guaranty (5.0%), Zenith (5.0%) and Access (3.9%). As a result, the broader index and market capitalisation added 46bps and N45.3bn to close 30,018.35bps and N10.0tn respectively. On the contrary, market activity measured by volume and value improved today, advancing 55.7% and 17.4% to close at 396.8m units and N3.8bn a piece.Banking…

« 1 … 197 198 199 200 »