Market Watch | - Part 199

Afrinvest Nigeria’s Daily Stock Market Report: 2 February 2015

Recent Gains in Oil Prices Excite Equities… NSE ASI up 108bps The Nigerian Bourse started the week on a positive note as All Share Index – the benchmark index of Nigerian equity market rebounded, gaining 1.1%. Market Capitalization also added N106.7bn to close at N10.0tn. The uptrend today was majorly driven by the appreciation in bellwether stocks — Nigerian Breweries (4.9%), Dangote Cement (1.1%) and GTBank (2.3%). Despite the significant pull-back in the market, most…

Afrinvest Nigeria’s Daily Stock Market Report: 29 January 2015

Posted on by The Editorial Team

NSEASI loses 89bps After two consecutive days of marginal gains, the NSE ASI retreated today losing 89bps to close at 29,642.38 points. As always, market capitalisation followed the same pattern and lost N88.4bn to close at N9.9tn. On the other hand, market activities advanced today and gained 113.4% to close 517.1m units for volume and 30.5% to close at N4.8bn for value. Industrial Sector Emerges Lone Gainer Majority of the sector indices went south as…

FBN Securities Nigerian Market Wrap: 29 January 2015

Posted on by The Editorial Team

The bears had the upper hand in the market today with increased foreign selling amid growing political and economic uncertainties. Financials were the worst hit as offers outstripped demand 3:1 in most names. Zenith(-4.99%) and Diamond(-4.81%) took a beating and both closed on net offer, the former having over 2mln shares at the day’s low. Diamond closed at N3.76, 35% off its 2014 rights price of N5.80. Guaranty dipped -4.31% intraday but subsequent value buying…

FBN Securities Nigerian Market Wrap: 28 January 2015

Posted on by The Editorial Team

Trading in the local bourse continued on a mixed note today as flashes of optimistic bargain hunting was checked by the broader macro concerns. The market was muted in the first half as buying interest was low while offers piled around previous close in most names, turnover at mid-session was a about 1bln, 47% of that was from block trades of 1.7mln Dangcem ($1.37m) and 1.3mln 7up shares ($1m) local seller and offshore buyer. Subsequent…

Afrinvest Nigeria’s Daily Stock Market Report: 28 January 2015

Posted on by The Editorial Team

Marginal Gains Linger… NSE ASI advances 16bps Investors on the floor of the Nigerian bourse continued to trade cautiously as the NSE All Share Index (ASI) advanced 16bps to close at 29,907.66 points, bringing the WTD performance to a positive 0.5%. Market capitalization followed the same trend, adding N16.2bn to close at N10.0trn. At the close of today’s trade, investors staked a total of N3.7bn on 242.4m units of shares in 3,897 deals, depressing market…

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