Nigerian Stock Exchange

Lagos, Nigeria (Capital Markets in Africa):- Nigerian equities rebounded from a three-day losing streak as the All Share Index (ASI) closed 28bps up at 33,556.35 points while Market Capitalization added N32.1bn to berth at N11.5tr. Sustained positive investors sentiment for Consumer Goods stocks — NIGERIAN BREWERIES (+1.5%), NESTLE (+0.2%) and PZ (+8.7%) as well as bargain hunting in Banking large caps — ZENITH (+3.5%) and GUARANTY (+0.4%) majorly accounted for the positive close of the benchmark…

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian bourse slips 0.1%, trending southwards for the third consecutive session as bearish sentiment colored Banking and Industrial Goods bellwethers. However, market activity improved significantly as volume traded jumped 160.0% even as value traded rose 50.1% to 588.2m and N4.1bn respectively. The Banking index declined the most, down 1.6% majorly due to losses in ZENITH (-3.3%), GUARANTY (-1.6%) and STANBIC (-3.6%). Similarly, the Industrial index shed 0.2% on 0.4%…

Lagos, Nigeria (Capital Markets in Africa):- Investors’ sentiment on the Nigerian bourse remained weak today as equities slipped further into the negative territory. The All Share Index (ASI) trended south, closing 29bps weaker at 33,492.17 points, hence bringing cumulative losses in June to 2.4%. This followed extended selloffs recorded in Banking and Oil and Gas stocks — GUARANTY (-1.3%), FBN HOLDING (-1.7%), UBA (-2.4%), FORTE OIL (-0.8%) and OANDO (-1.2%). Similarly, market capitalization shed N33.5bn to…

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian equity market continued exhibiting a sideways trading pattern as the market pulled back from last Friday’s strong close, shedding 22bps today to close at 33,590.48 points. This was against the backdrop of losses suffered by large caps across the Banking, Oil & Gas and Consumer Goods sectors — GUARANTY (-0.8%), ZENITH BANK (-0.9%), OANDO (-3.7%), NESTLE (-0.5%) and GUINNESS (-3.0%). Activity level however surged as aggregate volume and…

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian All Share index closed the week positive, up 0.6% to close at 33,664.91pts. Market Capitalization also added N67.8bn berthing at N11.5tn. Today’s gain was consequent on appreciations in Banking and Oil & Gas counters — ZENITH BANK (+3.7%) and FORTE OIL (+3.8%) respectively. Market activities was mixed as volume traded softened 3.6% to close 198.4m units while value rose 14.2% to settle at N2.5bn. Divergent from yesterday’s performance,…