Nigerian Capital Market

Lagos, Nigeria (Capital Markets in Africa) —The Nigerian bourse opened the week negative consequent on the 0.3% loss recorded as the NSE All Share Index settled at 32,447.05pts. Today’s market performance was dragged majorly by price depreciations in bellwether stocks such as NIGERIAN BREWERIES (-1.3%), ZENITH BANK (-1.9%) and GUINNESS (-3.2%). However, market activities as measured by volume and value were positive. Volume and value advanced by 12.3% and 7.6% to close at 155.6mn and…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Bourse sustained bearish trend although at a rate lower than the previous session as the NSE ASI eased 0.4% further to settle at 32,739.11 points. Market capitalization shed N42.4bn and closed at N11.2tn. Today’s decline was driven majorly by losses in UNILEVER (-1.1%) and 7UP (-1.6%). Similarly, Market value and volume traded declined 62.6% and 42.3% to berth at N1.8bn and 186.7m units respectively. The Oil…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian bourse reverted a 2-day gain as the benchmark index tumbled 1.8% to berth at 32,863.43 points today. Intraday market movement indicated that the NSE ASI slumped from 33300pts at mid-day to 32800pt before adjusting upwards at close of trade. We link the sharp decline of the index to sell down in DANGOTE CEMENT (-4.4%), STANBIC (-4.0%) and NIGERIAN BREWERIES (-1.0%) in today’s trading. As a result,…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Bourse took a bullish leap as last-minute rally in DANGOTE CEMENT (+3.5%), NIGERIAN BREWERIES (+1.9%) and UBN (+4.7%) fired up the Index. Intraday market movement indicated a broadly bearish session before a last minute jump saved the day. Hence, NSE ASI went up 0.6% to berth at 33,456.83 points and YtD loss moderated to 3.5%. We believe this last-minute rally was driven by mid-year portfolio reassessment…

Lagos, Nigeria (Capital Markets in Africa) — Performance in the Nigerian Bourse today proved bullish as the NSE ASI opened 1.2% up to peg at 33,249.19 points. This was fostered by gains in DANGOTE CEMENT (+2.4%) ZENITH (+2.3%) and FORTE OIL (+5.0%). Market capitalization also improved by N135.1bn to berth N11.4tn compared to the previous session. Market activity on the other hand declined as value and volume traded fell 51.0% and 10.0% to N4.4bn and…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equities market took another bearish slide as the NSE All Share Index (ASI) dipped 0.4% today. Performance was largely on account of sell pressure on ZENITHBANK (-2.0%),UNITYBNK (-2.8%) and FORTE OIL (-3.2%). Market capitalization also shed N49.6bn thereby shrinking to N11.3tn. Equally, Market activity weakened as volume and value traded declined 1.2% and 15.1% respectively after 306.5m units of shares worth N5.2bn were traded. The Insurance…

Lagos, Nigeria (Capital Markets in Africa) — At the sound of the closing bell today, the Nigerian Stock Exchange All Share Index (ASI) dipped 0.3%. This was on the back of decline in highly capitalized stocks especially in the banking sector such as ETI (-2.2%), STANBIC (-2.1%) and FBN HOLDINGS (-1.7%). Market capitalization shed N33.1bn to settle at N11.4tn. On the contrary, market activity improved as volume and value traded advanced 49.1% and 173.4% to…