FBN Securities Nigerian Market Wrap: 28 January 2015

FBN Securities Nigerian Market Wrap: 28 January 2015

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…

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

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

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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