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INTO AFRICA August 2017 Edition: Delivering Value via African Capital Markets

LAGOS (Capital Markets in Africa) – Welcome to the August edition of INTO AFRICA, the publication with fresh insight into Africa’s emerging markets. This month edition focuses on Capital Markets in Africa and titled: Delivering Values via African Capital Markets. The capital market is one of the key components of the engine of a modern economy, as it mobilises and pools savings from the public and efficiently channels them into business investments. It also helps…

Nigerian Equities Retreat as Manufacturing Stocks Slide… NSE ASI down 3bps

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The Nigerian bourse was unable to sustain the positive trend maintained since the start of the week as the All Share Index (ASI) trimmed a marginal 3bps today to close at 28,027.23 points. Accordingly, market capitalisation declined N2.4bn to close at N9.6tn as sell pressure was renewed on NESTLE (-2.4%), WAPCO (-2.7%), DANGSUGAR (-2.7%) and FLOURMILL (-3.1%). Also, activity level softened as volume and value traded fell by 5.3% and 47.3% to settle at 155.6m…

Egypt Market Watch May 10th 2015: Egypt Equities lose EGP 2.2bn on dull trades

Posted on by The Editorial Team

The Egyptian Exchange (EGX) indices retreated collectively on Sunday amid a lack of positive catalysts, while the market capitalization lost nearly EGP 2.2 billion ($289.6 million). The benchmark index EGX 30 index erased its early gains, falling 0.58% or 50.4 points to 8,692 points. While the small and mid-cap index EGX 70 index lost 0.2% to 470.15, and the broader EGX 100 declined 0.01% to 968.53 points. Sunday’s turnover amounted to EGP…

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 Bourse: Foreign transactions rose by 47.68% in 2014

Posted on by The Editorial Team

The Nigerian Stock Exchange released its December 2014 Domestic and Foreign Portfolio Participation in Equity trading. Total transactions at the nation’s bourse increased by 41.83% from N181.97 billion recorded in January to N258.08 billion (about $1.54 billion) in December 2014. This represents an increase of 28.53% from N200.8 billion recorded in November. Total foreign transactions increased by 47.68% from N1,042.04 billion recorded at the end of 2013 to N1,538.92 billion at the end of 2014 while total…

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…

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