Nigerian Stock Market

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equity Market extended losses to the third day as the All Share Index (ASI) dipped 114bps to close at 30,752.63, paring MTD performance +1.9% whilst driving YTD losses rose to -11.3%. The extended bearish run in the market was against the backdrop of sell-down pressure on Banking, Industrial and Consumer Goods bellwether counters: GUARANTY (-4.0%), ZENITH (-2.9%), FBNH (-4.9%), UBA (-8.3%), DANGCEM (-0.6%), and NIGERIAN BREWERIES…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equities market suffered a second consecutive day of losses as the Benchmark Index- All Share Index- declined 0.5% closing the day at 31,107.11 points. Today’s performance was on the back of price depreciations in GUARANTY (-3.0%), STANBIC (-5.0%) and GUINNESS (-3.1%). A total amount of N55.7bn was subsequently lost by investors as market capitalization settled at N10.7tn. Market activity was mixed as total volume traded  improved 54.5%…

Lagos, Nigeria (Capital Markets in Africa) — Following a marginal gain recorded yesterday, Nigerian equities market benchmark index yielded to sell pressure today, as the All Share Index (ASI) dipped 0.6% to berth 31,269.71pts. Today’s bearish outcome was on account of price depreciation in DANGCEM (-0.5%), NIGERIAN BREWERIES (-4.2%) and CONOIL (-9.7%). Market capitalization contracted N60.6bn to settle at N10.7tn. Market activity however improved as volume rose 91.5% to 281.0m units while value surged 102.7% to…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian equities market opened for the week on a positive note extending its positive performance from the previous week. The Benchmark index – All Share Index- appreciated 1bp to close at 31, 446.42 points as price appreciation in DANGCEM (+2.2%), GUARANTY (+0.6%) and MOBIL (+3.1%) propelled the bourse. Investors’ value increased by N1.6bn hence market capitalization settled at N10.8tn.  However, market activities waned considerably as volume and…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equities market halted gains today following four consecutive days of gains as the Benchmark Index (ASI) eased 17bps to close at 31,441.71 points. The market performance was primarily influenced by price depreciation in banking counters such as STANBIC (-4.1%), GUARANTY (-2.4%) and ZENITH (-1.7%). Thus, investors lost a total of N18.5bn today as market capitalization settled at N10.8tn. Activity level within the market also declined as…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equity market extended appreciation to the fourth session as the NSE ASI gained 0.3% to 31,495.73pts. Bullish sentiments on NIGERIAN BREWERIES (+6.0%), PZ (+10.0%), TRANSCORP (+9.8%) and DANGCEM (+0.3%) largely drove the positive close. Similarly, market capitalization gained N39.5bn to N10.8tn as 4,402 deals were made. Market activity improved as volume rose 58.3% to 532.3m units while value jumped 75.5% to N5.3bn. Performance across sectors was…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Bourse was coloured by bullish sentiments across sectors with largely capitalized stocks such as DANGCEM (+4.9%), NIGERIAN BREWERIES (+5.0%) and ZENITH (+5.0%) gaining significantly. The NSE ASI improved 3.1% to 31,404.26pts at the close of trade moderating YTD performance to -9.4%. Contrarily, market activity waned as volume and value declined 49.7% and 36.2% to 336.2m units and N3.0bn respectively. Market capitalization also increased by N315.9bn to…