Nigerian Capital Market

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market extended losses into the fifth trading session as the All Share Index (ASI) declined 0.9% to close at 29,572.90 whilst market capitalization shed N88.0bn to close at N10.2tn. Today’s decline in the benchmark index followed sustained selling pressure in OANDO (-9.7%), blue-chip Banking counters — GUARANTY (-2.9%), STANBIC (-5.0%), FBN HOLDINGS (-4.9%), ZENITH (-1.7%) and UBA (-4.8%) — and Consumer Goods equities – GUINNESS (-5.0%)…

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equity Market extended losses into the 4th trading session as it opened the week negative against the backdrop of lacklustre earnings declared by quoted companies which further doused investors’ sentiment. Consequently, the benchmark All Share Index (ASI) of Nigerian equities shed 61bps to close at 29,828.95 points, whilst Market Capitalization declined N62.9bn to close at N10.3tn. Market activity, however, increased as aggregate volume and value of stocks…

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market sustained a second day in the red as profit taking activities persisted across counters. Consequently, the All Share Index further slid 0.6% to berth at 30, 025.62points at the close of trade. The major losers that dragged the market southwards today were ETI (-3.7%), DANGCEM (-1.6%) and NIGERIAN BREWERIES (-0.7) and this led to a N59.6bn loss in market capitalization which settled at N10.3tn. Activity…

Lagos, Nigeria, Capital Markets in Africa — The bullish run the Nigerian equities market enjoyed in the last four trading days was halted today as the benchmark index — All Share Index- slipped into the red losing 0.4% to close at 30,199.15points. The poor performance of the market was spearheaded by losses in DANGCEM (-2.6%), WAPCO (-0.5%) and GUARANTY (-0.2%). Market capitalization also fell N43.3bn to settle at N10.4tn. Trading activity level within the market was…

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market continued on its bullish start to the week as the All Share Index (ASI) appreciated 0.4%to close at 30,325.11points. The positive outing was broadly driven by gains in FORTE (+3.5%), ETI (+2.5%) and GUARANTY (+1.6%). Accordingly, investors gained N36.5bn bringing total capitalization within the market to N10.4tn. Activity level improved today as volume and value traded grew 134.9% and 66.6% to berth at 245.4m units…

Lagos, Nigeria, Capital Markets in Africa — The Nigerian bourse opened the week positive as the Benchmark Index — All Share Index — was up 129bps to close at 30, 219.01 points. The Market was heading for a marginal gain up until a massive rally in DANGCEM (+4.9%) few minutes to the close of trade uplifted the bourse. Some other counters that drove the positive performance were GUARANTY (+0.2%) and ZENITH (+0.1%). Similarly, a total of…

Lagos, Nigeria, Capital Markets in Africa — Following the trickling in of some Q3:2015 results that began yesterday, the market ended the week stronger than it opened, closing 0.5% higher to 29,834.21 points. Market capitalization equally improved N46.1bn to settle at N10.3tn. Today’s sustained positive performance was against renewed buying interest in ZENITH (+3.9%), GUARANTY (+2.0%) and FORTE OIL (+3.7%). Market activities measured by volume and value however declined 9.0% and 35.3% to 157.3m units and…