Nigerian Capital Market

Lagos, Nigeria, Capital Markets in Africa — The All Share Index –ASI – continued into its fourth day of losses, shedding 0.6% to settle at 30,141.06pts. In like manner, market capitalisation declined N65.2bn to close at N10.4tn. The weakening in the index was against value depreciation in GUARANTY (-4.4%), FORTE OIL (-3.6%) and ZENITH (-1.8%). Market activities were however mixed as volume waned 12.7% to 262.2m units while value rose 24.2% to settle at N3.8bn….

Lagos, Nigeria, Capital Markets in Africa — The Nigerian All Share Index (ASI) dipped 0.6 percent on the first trading day of the week to 30,405.88 points as a result of drags the equity market capitalization to NGN 10.45 trillion relative to NGN 10.51 recorded at the previous trading session, hence a lose of NGN 60 billion. Furthermore, NSE 30 index ended at 1,388.83 levels after gaining 0.45 percent, NSE Premium added 1.20 percent to…

Lagos, Nigeria, Capital Markets in Africa — The All Share Index (ASI) dipped 2.0% on the first trading day of the month to 30,588.41pts as a result of drags from bellwether stocks  – DANGOTE CEMENT (-5.0%), NIGERIAN BREWERIES (-4.8%), NESTLE (-4.6%) and ZENITH (-2.1%). Thus YTD and W-o-W returns were brought to -11.7% and +0.1% in that order. Market capitalization sank to N10.5tn from N10.7tn the previous day. Similarly market activity decreased as volume and value…

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market sustained its upward trend at the close of trading today as massive buying activity in some blue chip stocks few minutes to the close of trading lifted the Benchmark index 1.3% higher to close at 31, 217.7pts. As a result MTD return settled at 5.2% while YTD return eased to –9.9%. The major stocks that drove market performance were DANGOTE CEMENT (+4.7%), ACCESS (+2.6%)…