Nigerian Stock Market

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equities market extended losses to the fourth consecutive session, declining 0.6% to close at 33,257.90pts. Similarly, market capitalization shed N68.5bn to settle at N11.4tn. Poor performance in the market was consequent on value depreciation in Banking and Consumer Goods bellwethers — FBNH (-4.8%) and NIGERIAN BREWERIES (-1.3%). On the contrary, market activity measured by volume and value traded rose 91.6% to 390.5m units and 13.6% to N4.9bn respectively. All sector…

Lagos, Nigeria (Capital Markets in Africa) — There seems to be no respite for the Nigerian Bourse, as the benchmark Index – All Share Index dipped further, losing 5bps to berth at 33,460.50 points. Today’s negative close was broadly due to sell offs in CADBURY (-5.0%), SEPLAT (-4.3%) and OANDO (-3.9%). Market Capitalization further reduced, declining N6.1bn to dock at N11.4tn. On the contrary, market activity strengthened as volume and value traded appreciated 5.1% and…

Lagos, Nigeria (Capital Markets in Africa) —The Nigerian Bourse slipped further at the close of market today as the NSE All Share Index (ASI) shed 0.4% to close at 33,478.42 points. The decline in the benchmark index today was on the back of price depreciation in bellwethers such as DANGOTECEMENT (-1.1%) and ZENITHBANK (-2.0%). Today’s market activity was marked by 13.0% decline in volume traded to 194.0m units and 13.0% increase in value traded to…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Bourse halted three days uptrend, easing 0.4%to close the day at 33,602. 67 points. Losses recorded in UNION BANK (-4.8%), NIGERIAN BREWERIES (-1.3%) and DANGOTE CEMENT (-0.6%) were largely responsible for today’s decline. Also, market capitalization moderated by N40.3bn to berth at N11.5tn. Market activity weakened on 2.8% and 25.1% depreciation in volume and value traded after a total of 222.9m units of shares worth N3.6bn…

Lagos, Nigeria (Capital Markets in Africa) — Nigerian Equities market extended bullish run to the third consecutive day gaining 0.3%. Hence, the Benchmark Index settled at 33,720.6 points. This positive performance was broadly driven by price appreciations in GUINNESS (+10.1%), FORTE OIL (+2.9%) and DANGOTE CEMENT (+0.6%). Consequently, market capitalization increased by N33.8bn to berth at 11.5tn. Market activity was however mixed as volume traded declined 5.7% while value traded appreciated 28.1% to settle at…

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%…