Market Watch | - Part 199

Nigeria’s equity positive momentum tapers: 19 Feb 2015

NSEASI up 36bps There was a moderation in gains today in the Nigerian Equity Market as the All Share Index advanced 36bps and closed at 29,282.04pts after trade. Market capitalisation also added N34.9bn to close at N9.8tn. Despite the sell down in Dangote Cement (1.8%) which weighted down the market, gains in Nestle (3.6%), Lafarge (4.9%) and Nigerian Breweries (1.1%) delivered the marginal appreciation in the benchmark index today. As today’s market performance was largely…

African Market Watch: Wednesday, 18th February 2015

Posted on by The Editorial Team

Kenya: The NSE 20 increased by 42.32 points in today’s trading to close at 5,446.04. The NASI Index went up 1.27 points to close at 174.17. The top gainer today was Kakuzi, rising 8.25 percent to close at KES 315.00. The top loser was BOC Kenya, shaving off 5.66 percent to close at KES 150.00. At the close of the day’s trading, volumes of shares traded were recorded at 31.04mn shares, up 68.88 percent. Turnover…

Nigerian equity bull continues: 18 Feb 2015

Posted on by The Editorial Team

NSE-ASI up 255bps. The Nigerian equity market today extended its 2-day rally in large cap stocks as the broader market Index advanced 255bps to close 29,177.58pts, paring the NSE-ASI YTD loss to15.8%. Similarly, market capitalisation added N241.9bn to close at N9.7tn. However, market activities measured by volume and value declined 15.2% and 0.3% to close at 424.3m units and N3.5bn respectively. Broad Sector Gains Persist All sector indices sustained their positive momentum today. The Banking…

Nigeria’s equity positive momentum: 17 Feb 2015

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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

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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…

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