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Afrinvest Nigeria’s Daily Stock Market Report: 28 January 2015

Posted on by The Editorial Team
Afrinvest Nigeria’s Daily Stock Market Report: 28 January 2015

Marginal Gains Linger… NSE ASI advances 16bps Investors on the floor of the Nigerian bourse continued to trade cautiously as the NSE All Share Index (ASI) advanced 16bps to close at 29,907.66 points, bringing the WTD performance to a positive 0.5%. Market capitalization followed the same trend, adding N16.2bn to close at N10.0trn. At the close of today’s trade, investors staked a total of N3.7bn on 242.4m units of shares in 3,897 deals, depressing market…

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2015 Sub-Saharan Africa’s Equity Market Outlook

Posted on by The Editorial Team

Equity Market overview In 2014, Sub Saharan African (SSA) equity market performance was mixed. The East African markets generally performed well, led by Tanzania (+22.7%), Uganda (+14.1%) and Kenya (+13.3%). Rwanda declined by 4.5%. Similarly, most markets were up in Southern Africa, with the exception of Zimbabwe which declined 19.5%. In West Africa, Nigeria and Ghana performed poorly in 2014. The Ghanaian equity market was up in local currency but declined 31.9% on currency devaluation….

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