Nigerian equity capital

Nigerian Equity Markets | 05 Oct 2015: Nigerian Equities in Red, All Share index 0.6% lower

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…

Nigerian Equity Markets | 02 Oct 2015: Nigerian Equities Market Records 2.0% Decline Post-Independence Day Celebration

Posted on by The Editorial Team

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…

Nigerian Equity Markets | 30 Sep 2015: Nigerian Equities Stays Bullish Ahead of ‘The List’ …NSE ASI up 1.3%

Posted on by The Editorial Team

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%)…

Nigerian Equity Markets | 29 Sep 2015: Nigerian Equity Bullish Run Continues… NSE ASI Rises 20bps

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The benchmark index further improved 0.2% to close 30,825.00pts at the end of the second session this week. The sustained uptrend is attributable to gains in DANGOTE CEMENT (+1.8%) NIGERIAN BREWERIES (+0.7%), and ACCESS (+0.6%). Likewise, market capitalization increased N20.8bn to close at N10.6tn during trade. In addition, market activities were mixed as volume of shares traded rose 165.3% to 707.5m while the value declined 21.0% to N2.5bn. …

Nigerian Equity Markets | 28 Sep 2015: Market Sustains Uptrend… NSE ASI up 0.7%

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market started its usual buzz of activities today, gaining 0.7% to close 30,764.37pts after 2 days of the Sallah holiday. In like manner, market capitalization increased N76.0bn to close at N10.6tn during trade. This rise in the index is attributable to gains in NIGERIAN BREWERIES (+4.3%), NESTLE (+2.4%) and GUARANTY (+2.0%). Conversely, market activities measured by volume and value of shares traded declined 42.9% to…

Nigerian Equity Markets | 23 Sep 2015: Rise ahead of Sallah Holiday…NSE ASI up 0.4%

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The stock market closed the week positive as DANGOTE CEMENT (+0.9%), NESTLE (+2.4%) and FORTE OIL (+3.4%) drove ASI 0.4% higher to close the week at 30,543.17pts, tempering YTD loss to -11.9%. Market capitalization added N43.6bn to close at N10.5tn. Market activity increased as volume traded rose 138.9% to 466.9m units while value traded improved 40.3% to N4.4bn. All sector indicators drifted northwards, save the Banking sector index…

Nigerian Equity Markets | 22 Sep 2015: NSE-ASI Rises 0.5% as MPC Slashes CRR to 25.0%

Posted on by The Editorial Team

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…

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