Nigerian Capital Market

Lagos, Nigeria, Capital Markets in Africa —  Investors’ sentiment in equities strengthened today in contrast to what was witnessed in the last two sessions as the All Share index closed 53bps higher to settle at 30,426.0pts. This brought YTD loss to -12.2%. Uptrend was predominantly boosted by gains in DANGOTE CEMENT (+1.2%), SEPLAT (+4.9%), UBN (+3.4%) and FORTE OIL (+1.0%). In like manner, market capitalization expanded to N10.4tn as investors’ value rose by N51.6bn at…

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market opened the week on a negative note. Intraday analysis of the index indicated that trading activities for the day commenced positive but took a sharp dip few moments before the closing gong on account of sell pressure on DANGOTE CEMENT (-0.6%). The benchmark index shed 0.2% and closed at 30,265.90pts. Furthermore, market capitalization decreased N20.7bn to N10.4tn at the close of trade. In like…

Lagos, Nigeria, Capital Markets in Africa — After adding 0.2% each in the last two consecutive sessions, the All Share Index ended the week in the red, declining 0.2% to close the week at 30,332.68pts. Equally, market capitalisation fell N26.5bn to settle at N10.4tn for the week. Today’s decline was majorly driven by losses in DANGCEM (-1.8%), OANDO (-4.7%) and STANBIC (-1.6%). On the contrary, market activities closed the week up as volume and value…

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Bourse sustained an uptrend for the second consecutive day as the All Share Index advanced 0.2% to close trading for the day at 30,410. 39 points. The positive performance was majorly driven by rallies in top banking counters; such as ZENITH (+2.3%) and GUARANTY (+0.4%), and UACN (+4.8%) the Conglomerate space giant. In the same vein, market capitalization increased N16.4bn to berth at N10.5tn. Activity level…

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market rebounded from its previous negative close as the Benchmark index- All Share Index- reversed losses, gaining 0.2% to close for the day at 30, 359.47 points. Increased interest in UBN (+3.7%), ZENITH (+2.5%) and GUARANTY (+2.2%) lifted the market as investors gained a total of N16.4bn to bring market capitalization to N10.4tn. Market activity however weakened today as volume and value traded fell 59.0%…

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market took a breather today after the strong rally recorded yesterday, as the benchmark index declined 0.2% to close at 30,311.77 points, whilst market capitalization also fell N20.0bn to close at N10.4tn. The pullback in the benchmark index was majorly against the backdrop of profit-taking activities in Banking stocks – GUARANTY (-2.5%), STANBIC (-3.4%) – and GUINNESS (-3.2%). Market activity was however mixed, as aggregate…

Lagos, Nigeria, Capital Markets in Africa —The Nigerian Equities market sustained its positive performance from the previous week as the Benchmark Index – All Share Index- appreciated 2.3%, crossing the 30,000pts psychological line to close at 30, 369.97pts. This performance was driven by rallies in Blue chip stocks, as GUINNESS (+10.2%), GUARANTY (+4.8%) and DANGCEM (+2.4%) spearheaded the charge. A positive performance was also recorded across sectors as all sectors indicators drifted northwards save for…