Archive

Nigerian Equities Market Sustains Bearish Trend… NSE ASI Down 2.25%

Nigerian Equities Market Sustains Bearish Trend… NSE ASI Down 2.25% The Nigerian bourse dipped further due to profit taking in DANGCEM (-4.26%), NB (-1.55%), WAPCO (-4.75%), FO (-4.63%) and STANBIC (-5.00%). Consequently, the NSE ASI contracted by 225bps to settle at 37,096.60 and the market capitalization decreased by N294.47 billion to settle at N12.79 trillion. Activity level was broadly strong as Volume (23.89%) and Value
Read More


The Market Starts The Week Bearish…NSE ASI Down 0.65%

The Market Starts The Week Bearish…NSE ASI Down 0.65% The Nigerian equities market starts the week bearish, due to profit taking in TOTAL (-5.00%), DANGCEM (-2.08%), GUINNESS (-1.64%), FLOURMILL (-4.83%) and CAP (-1.69%). Consequently, the NSE ASI dipped by 65bps to settle at 37,950.96 and the market capitalization decreased by N85.35 billion to N13.08 trillion. Activity level improved as both Volume traded and Value traded
Read More


The Market Continues Its Bullish Trend…NSE ASI Up 0.78%

The Market Continues Its Bullish Trend…NSE ASI Up 0.78% The Nigerian bourse ends the week bullish, continuing uptrend for the fourth consecutive trading session as bargain hunting persists in NB (1.89%), FO (4.99%), DANGCEM (0.83%), JBERGER (5.23%) and 7UP (1.94%). Consequently, the NSE ASI improved by 78bps to settle at 37,425.15 and the market capitalization gained N99.92 billion to settle at N12.90 trillion. Activity level
Read More


Board Bargain Hunting in Large Cap Counters Pulls Market Performance… NSE ASI Up 0.50%

Board Bargain Hunting in Large Cap Counters Pulls Market Performance… NSE ASI Up 0.50% The Nigerian bourse close bullish for the second consecutive day as investors resume bargain hunting in large cap counters such as NB (2.54%), GUINNESS (4.99%), WAPCO (5.00%), NESTLE (0.14%) and FLOURMILL (4.29%) and others following the two day bearish trend. Consequently,
Read More


Broad Bargain Hunting In Large Cap Counters Pulls Market Further… NSE ASI Up 0.41%

Broad Bargain Hunting In Large Cap Counters Pulls Market Further… NSE ASI Up 0.41% The Nigerian bourse reached nine consecutive trading days of bullish momentum due to bargain hunting in NESTLE (1.77%), BETAGLASS (4.93%), OKOMUOIL (4.34%), UNILEVER (4.98%) and NB (1.10%). Consequently, the NSE ASI (41bps) settled at 33,436.61 and the market capitalization gained N46.59 billion to close at N11.52 trillion. Activity level was mixed
Read More


Market Opens The Week Bullish… NSE ASI Up 0.12%

Market Opens The Week Bullish… NSE ASI Up 0.12% The Nigerian bourse starts the week bullish reaching eight consecutive trading days of uptrend due to bargain hunting in 7UP (6.41%), FO (7.71%), UNILEVER (10.24%), NB (2.18%) and FLOURMILL (5.00%). Consequently, the NSE ASI (12bps) settled at 33,301.43 and the market capitalization gained N13.71 billion to close at N11.48 trillion. Activity level was mixed as Volume
Read More


Bargain Hunting in the Banking Sector Pulled Market Further… NSE ASI Up 0.50%

Bargain Hunting in the Banking Sector Pulled Market Further… NSE ASI Up 0.50% The Nigerian bourse continues the positive trend for the third consecutive day this week, with bargain hunting in the large cap banking counters. The continued positive performance was from bargain hunting in ZENITHBANK (3.45%), ETI (3.87%), ACCESS (4.93%), UBA (4.94%) and FLOURMILL
Read More


Market Took A Breather… NSE ASI Up 0.16%

Market Took A Breather… NSE ASI Up 0.16% After four consecutive days of bearish performance, the Nigerian bourse closed today’s session positive following renewed rally in the Banking, Insurance and Oil and Gas sector. Market activity today was largely dictated by bargain hunting  in SEPLAT (1.08%), 7UP (4.85%), DANGCEM (0.96%), OANDO (4.97%) and ZENITHBANK (0.99%). Consequently, the NSE ASI (16bps) settled at 32,354.78 and the
Read More


Market Performance Remains Negative… NSE ASI Down 1.05%

Market Performance Remains Negative… NSE ASI Down 1.05% The Nigerian bourse starts the week bearish due to profit taking in TOTAL (-5.00%), MOBIL (-5.00%), 7UP (-9.53%), GUINNESS(-4.99%) and PRESCO (-4.99%). Consequently, the NSE ASI (-105bps) settled at 32,769.80 and the market capitalization lost N102.18 billion to close at N11.33 trillion. Activity level was broadly weak as Volume traded (-53.02%) decrease to 162.34 million units
Read More


Board Bargain Hunting In Large Cap Counters Lifts Market Further… NSE ASI Up 1.87%

Board Bargain Hunting In Large Cap Counters Lifts Market Further… NSE ASI Up 1.87% The Nigerian bourse continues its bullish momentum due to bargain hunting in SEPLAT (1.09%), DANGCEM (2.49%), NB (2.71%), PZ (9.90%) and MOBIL (0.81%). Consequently, the NSE ASI (187bps) settled at 33,269.84 and the market capitalization gained N210.88 billion to close at N11.50 trillion. Activity level was broadly strong as Volume traded
Read More