Tagged African Equity Markets

Nigerian Equity Markets | 12 Nov 2015: Equities Market Pullback on Loss in NIGERIAN BREWERIES…. ASI Drops 74bps

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market retreated into the negative territory after the marginal gain recorded yesterday as the All Share Index (ASI) declined 74bps to close at 28,798.67pts, whilst market capitalization shed N74.3bn to close N9.9bn. Consequently, MTD and YTD losses widened to 1.3% and 16.9%. The pullback in the broader index was majorly due to the sustained sell-pressure in NIGERIAN BREWERIES (-2.3%) and depreciations in WAPCO (-4.0%) and ETI…

Nigerian Equity Markets | 11 Nov 2015: Equities market halts losing trend as Ministers sworn-in, … ASI gains 12bps

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities Market bucked its losing trend today as the All Share Index (ASI) rose marginally by 12bps to close at 29,014.78 whilst market capitalization also added N11.6bn to N10.0bn. The index was buoyed majorly by the rally in some bellwether counters — NIGERIAN BREWERIES (+2.7%), FORTE OIL (+2.1%) and ZENITH (+1.2%) – as we still observed significant selling pressure with more equities losers than gainers. Market activity,…

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