Nigerian Capital Market

Lagos, Nigeria (Capital Markets in Africa) — Nigerian Equities Market closed flat today as the benchmark index -All Share Index (ASI) held steady at 33,381.45 pts after easing 1bps. Similarly, market capitalization shed N1.1bn firming at N11.4tn. Price appreciation in Banking and Oil and Gas heavy weights such as ZENITH (+2.1%) ETI (+2.0%), FORTE OIL (+5.0%) and SEPLAT (+5.0%) were countered by losses in Industrial and Consumer Goods majors such as DANGOTE CEMENT (-0.8%) and…

Lagos, Nigeria (Capital Markets in Africa) —The Nigerian All Share Index inched up 0.4% to 33,384.59 points. Market capitalization also rose N43.2bn to berth at N11.4tr at the close of market. Today’s performance was majorly driven by price appreciation in key counters such as NIGERIAN BREWERIES (+1.7%), DANGOTE CEMENT (+0.3%) and UBN (+2.7%). However, market activity softened as volume and value eased 28.8% and 21.0% to close at 278.1m units and N3.8bn respectively. Sell offs…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equities market extended losses to the fourth consecutive session, declining 0.6% to close at 33,257.90pts. Similarly, market capitalization shed N68.5bn to settle at N11.4tn. Poor performance in the market was consequent on value depreciation in Banking and Consumer Goods bellwethers — FBNH (-4.8%) and NIGERIAN BREWERIES (-1.3%). On the contrary, market activity measured by volume and value traded rose 91.6% to 390.5m units and 13.6% to N4.9bn respectively. All sector…

Lagos, Nigeria (Capital Markets in Africa) — There seems to be no respite for the Nigerian Bourse, as the benchmark Index – All Share Index dipped further, losing 5bps to berth at 33,460.50 points. Today’s negative close was broadly due to sell offs in CADBURY (-5.0%), SEPLAT (-4.3%) and OANDO (-3.9%). Market Capitalization further reduced, declining N6.1bn to dock at N11.4tn. On the contrary, market activity strengthened as volume and value traded appreciated 5.1% and…

Lagos, Nigeria (Capital Markets in Africa) —The Nigerian Bourse slipped further at the close of market today as the NSE All Share Index (ASI) shed 0.4% to close at 33,478.42 points. The decline in the benchmark index today was on the back of price depreciation in bellwethers such as DANGOTECEMENT (-1.1%) and ZENITHBANK (-2.0%). Today’s market activity was marked by 13.0% decline in volume traded to 194.0m units and 13.0% increase in value traded to…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Bourse halted three days uptrend, easing 0.4%to close the day at 33,602. 67 points. Losses recorded in UNION BANK (-4.8%), NIGERIAN BREWERIES (-1.3%) and DANGOTE CEMENT (-0.6%) were largely responsible for today’s decline. Also, market capitalization moderated by N40.3bn to berth at N11.5tn. Market activity weakened on 2.8% and 25.1% depreciation in volume and value traded after a total of 222.9m units of shares worth N3.6bn…

Lagos, Nigeria (Capital Markets in Africa) — Nigerian Equities market extended bullish run to the third consecutive day gaining 0.3%. Hence, the Benchmark Index settled at 33,720.6 points. This positive performance was broadly driven by price appreciations in GUINNESS (+10.1%), FORTE OIL (+2.9%) and DANGOTE CEMENT (+0.6%). Consequently, market capitalization increased by N33.8bn to berth at 11.5tn. Market activity was however mixed as volume traded declined 5.7% while value traded appreciated 28.1% to settle at…