Nigerian Stock Markets

Nigerian Equity Markets | 24 Feb 2016: Equities Slide on Banking Stocks Rout… NSE ASI sheds 0.9%

Posted on by The Editorial Team
Nigerian Equity Markets | 24 Feb 2016: Equities Slide on Banking Stocks Rout… NSE ASI sheds 0.9%

Lagos, Nigeria, Capital Markets in Africa —The Nigerian bourse closed southwards to extend losses to the 3rd trading session amid sell-offs in banking and consumer goods bellwethers. The All Share Index declined 0.9% settling at 23,883.34 points. The negative market performance was broadly driven by price depreciation in GUARANTY (-3.8%), ZENITH (-5.0%) and GUINNESS (-5.0%). The market lost N68.4bn in value as market capitalization reduced to N8.2tn. Activity level was mixed as volume grew 33.6% while value traded dipped 3.3% to…

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Nigerian Stock Exchange Introduces Circuit Breaker as Stocks Plunge

Posted on by The Editorial Team
Nigerian Stock Exchange Introduces Circuit Breaker as Stocks Plunge

Lagos, Nigeria, Capital Markets in Africa —- Nigeria’s stock exchange introduced a circuit breaker to limit price fluctuates (fall/rise). Trading on the Nigerian Stock Exchange will be stopped for 30 minutes if the All Share Index moves 5 percent from the previous day’s close between 10:15 a.m. and 1:45 p.m. (local time), the Lagos-based exchange stated in a statement on its website. The market will close for the day if the circuit breaker is triggered for…

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Nigerian Equity Markets | 31 Dec 2015: Equities Close 2015 with Fireworks …NSEASI Appreciates 3.1%

Posted on by The Editorial Team
Nigerian Equity Markets | 31 Dec 2015: Equities Close 2015 with Fireworks …NSEASI Appreciates 3.1%

Lagos, Nigeria, Capital Markets in Africa — The Nigerian equities market All Share Index (ASI) ended the year on a positive note appreciating 3.1% today to settle at 28,642.3pts. Amid intense political tension, tumbling oil prices and macroeconomic pressures in the domestic and global space, the local market benchmark index depreciated 17.4% in 2015 relative to -16.2% in 2014. Market capitalization improved N297.3bn at the end of today’s trade settling at N9.9tn but down by N1.6tn…

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Nigerian Equity Markets | 30 Dec 2015: Equities Surge 3.8% Ahead of New Year’s Eve

Posted on by The Editorial Team
Nigerian Equity Markets | 30 Dec 2015: Equities Surge 3.8% Ahead of New Year’s Eve

Lagos, Nigeria, Capital Markets in Africa — The local bourse ended today’s trading session higher as against a negative performance yesterday. Thus, the All Share Index (ASI) rose 3.8% settling at 27,777.83pts to trim YtD loss to 19.8%. Market capitalization also expanded by N351.5bn to close at N9.6tn. Today’s performance was largely driven by buy sentiment in bellwether stocks such as DANGCEM (+8.6%) and NIGERIAN BREWERIES (+7.8%) as last minute traders position ahead of the New…

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Nigerian Equity Markets | 26 Nov 2015: NSE All Share Index down 0.2%…Interest in Consumer Goods Stocks Garner Momentum

Posted on by The Editorial Team
Nigerian Equity Markets | 26 Nov 2015: NSE All Share Index down 0.2%…Interest in Consumer Goods Stocks Garner Momentum

Lagos, Nigeria, Capital Markets in Africa — The All Share Index shed 0.2% to close at 29,697.12 pts after the positive close (+0.5%) recorded in the previous session. Principally, price depreciation in GUARANTY (-4.5%), ZENITH (-1.8%) and STANBIC (-2.8%) dictated the direction of the benchmark index. At the close of trading, YTD return of the ASI settled at -20.1% with the market capitalization settling at N9.5tn after having lost N16.1bn. Market activity also weakened as volume…

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Nigerian Equity Markets | 25 Nov 2015: Stock Market Rebounds on MPR Cut but Sell Down Persists in Oil & Gas Sector

Posted on by The Editorial Team
Nigerian Equity Markets | 25 Nov 2015: Stock Market Rebounds on MPR Cut but Sell Down Persists in Oil & Gas Sector

Lagos, Nigeria, Capital Markets in Africa — After reaching the lowest point since February 2015 in the prior session, the Nigerian equities market rebounded today following cuts in MPR (from 13.0% to 11.0%) by the monetary authorities yesterday. The All Share Index rose 0.5% to settle at 27,743.92pts today. Investors gained a total of N52.3bn as market capitalization increased to N9.5tn. Market activity was mixed as volume and value traded closed 203.8m units (+15.6%) and N2.8tn…

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Nigerian Equity Markets | 24 Nov 2015: NSE ASI shed 0.9%, Industrial Goods Index Records Highest Loss,

Posted on by The Editorial Team
Nigerian Equity Markets | 24 Nov 2015: NSE ASI shed 0.9%, Industrial Goods Index Records Highest Loss,

Lagos, Nigeria, Capital Markets in Africa —  The benchmark index of the Nigerian stock market shed 0.9% today to berth at 27,596.81pts. This dragged YTD loss to a distressing 20.4%, the highest loss since 13th February 2015. Market capitalization declined N84.8bn to N9.5tn. Market activity on the other hand improved; volume and value traded rose to 176.4m (+14.0%) and N3.1bn (+38.0%) respectively. All key sector indices were also down. The Industrial Goods sector recorded 1.6% loss…

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