Low Trading Volume Persists On Delayed Half-Year Results Of Interim Div Stocks

midweek's trading, stocks, market

Market Update for August 26 By Investdata Analysts Nigeria’s equity market rallied at the midweek after demand for manufacturing and banking stocks helped the benchmark All-Share index close marginally higher for the seventh successive session on continued positive sentiments and low traded volume. The bull-run showed a surprising level of resilience, on the back of increased buying interests in Stanbic IBTC, Vitafoam, PZ Cussons, UACN, Flour Mills, Guinness Nigeria, Guaranty Trust Bank , and FBN Holdings, among others. With high cap stocks on the rise as indicated by the positive…

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Equities Rally For 6th day; Gain Another N20bn

Large-cap stocks lift Nigerian stock market by N245bn

Rallies on equities at the Nigerian stock market sustained momentum on Wednesday as the market again advanced by 0.15 per cent to the delight of investors who smiled home with N20 billion gain. The midweek’s trading marked the sixth consecutive session of closing positive by the domestic bourse. As the market gained, its benchmark index, that is, the All-Share Index went up by gaining 38.37 points to close at 25,330.10 basis points while the monetary valuation of the equities market closed higher at N13.215 trillion. The session closed on an…

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Bond yields Rising

FG to auction N150bn bonds in April

By Han Tan News flow has been relatively light this morning with the Dollar slightly bid against most of the G10 and mixed versus Emerging Market currencies. Global equities are also mixed with US stock futures trading flat on the day so far, while Asian and European stocks tread water. The main moves have been in the bond markets and the sell-off in longer-dated bonds, with 10-year US Treasury yields now back above 0.70%, a level last seen a few weeks ago. Is this increase in yields due to greater…

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Interim Div Expectations Keep NGSE Index Above 20-DMA On Daily Timeframe

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Market Update for August 20 By Investdata Analysts The nation’s equity market extended its bull transition on a mixed and volatile session at the end of Thursday’s trading with sustained buying interests in manufacturing and banking stocks thereby pushing the benchmark All-Share index higher. Traded volume was low, despite the positive sentiments in the midst of prevailing sociopolitical and economic uncertainties, especially the rising insecurity, mismatch in economic policies and reforms that continues to threaten recovery and confidence in the system. These, in turn, continue to shut out foreign and…

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Investors lose N62bn as stock index dips by -0.47%

NSE back above water, Nairobi still in difficulties

Investors at the Nigerian stock market went home on Wednesday with a collective loss of N62 billion as the All Share Index (ASI) nosedived by -0.47 per cent. This led to erosion of more than N44 billion profit they recouped in the previous session and consequently, the ASI closed lower at 25,215.04 basis points while market capitalisation followed suit to end the day lower at N13.154 trillion. The negative session was occasioned specifically by profit-taking activities on the shares of heavyweights such as BUACEMENT which dipped by -3.9 per cent.…

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Nigerian equities resume week on N118bn loss; profit-taking to blame

Stock CAP slips below historical N20trn mark as investors lose N516bn

The equities wing of the Nigerian capital market is resuming activities today Monday June 8, 2020 on N118 billion loss recorded by investors to close last week. The weekly lost was propelled by profit-taking stands of many equities investors who seized the opportunity of earlier advancement in share prices to make capital gains, which eventually led to sell pressure. Collectively, investors parted with N118 billion of their stakes in equities as market capitalization slipped by 0.9 per cent to close at N13.05 trillion from the previous week’s close value of…

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How African equity markets lost momentum in 10 years

Nigerian equities open new year

African equity capital markets have collectively seen downward turn in the last decade albeit with an increase in participation domestic investors in the markets. This has just been revealed by Making Finance Work for Africa (MFW4A) and PricewaterhouseCoopers (PwC) Nigeria during a webinar co-hosted by the duo. The webinar was designed to explore the impact of COVID-19 on African capital markets last month. Data presented from the PwC Nigeria’s 2019 African Capital Market Watch which reviewed the performance of Africa’s capital markets between 2010 and the first quarter of 2020,…

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UPDC ups capitalization with fresh N16bn worth right issue

equities, capital market, NSE NSE, equities, Index, ASI, Investors

UACN Property Development Company Plc (UPDC) has raised fresh N15.962 billion from the capital markets through right issue as part of its recapitalisation and structuring efforts to boost its operation. It acquainted the investing community and the general public with the development earlier this week at the Nigerian Stock Exchange (NSE) announced listing of additional 15,961,574,145 ordinary shares of the company. “Dealing Members are hereby notified that additional 15,961,574,145 ordinary shares of UACN Property Development Company Plc (UPDC or the Company) were today, Tuesday, 2 June 2020 listed on the…

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Investors recoup N1.17trn profit on equities in May

Another N224bn weekly profit confirms predictions on Nigerian equities

 As index soars 9.76% MPR cut to favour equities in June – experts   The Nigerian stock market is retracing its steps back to the green territory as trading activities in the Month of May led to realization of N1.171 trillion profit for investors. The performance, which showed improvement over April gain of N896 billion indicated that the market sailed through a stormy period of multiple negative predictions, lockdown, oscillating oil price and astronomical rise in confirmed coronavirus cases. Although, experts held that partial easing of restrictions and lockdown in…

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