Equity | - Part 24

The Bears Resurface in Nigerian Equities: 5 February 2015

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,…

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

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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…

Positive outlook for African Equity Capital Markets in 2015

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JOHANNESBURG, South-Africa, February 2, 2015/ — 2014 saw the highest level of activity in African equity capital markets (ECM) over the previous five years, and a significant increase in both transaction volume and capital raised during 2014 compared to the prior year, according to a report issued by PwC today (http://www.pwc.com). PwC’s inaugural publication entitled, IPO Watch Africa 2014, has found that US$11bn was raised in 2014 in the African equity markets across the continent,…

FBN Securities Nigerian Market Wrap: 28 January 2015

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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…

2015 Sub-Saharan Africa’s Equity Market Outlook

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Equity Market overview In 2014, Sub Saharan African (SSA) equity market performance was mixed. The East African markets generally performed well, led by Tanzania (+22.7%), Uganda (+14.1%) and Kenya (+13.3%). Rwanda declined by 4.5%. Similarly, most markets were up in Southern Africa, with the exception of Zimbabwe which declined 19.5%. In West Africa, Nigeria and Ghana performed poorly in 2014. The Ghanaian equity market was up in local currency but declined 31.9% on currency devaluation….

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