Bargain-hunting lift capitalisation by N45 billion

Bargain-hunting lift capitalisation by N45 billion

NSE trading floor. PHOTO: FEMI ADEBESIN-KUTI Although price gains outweighed losses, transactions on the equity sector of the Nigerian Stock Exchange (NSE) was upbeat yesterday, occasioned by bargain-hunting in some high capital stocks, as market capitalisation appreciated by N45 billion. The All-Share Index (ASI) grew by 86.97 absolute points or 0.21 per cent increase to […]

Dangote Cement, Airtel Africa lift trading by 0.21%

Dangote Cement, Airtel Africa lift trading by 0.21%

The market gain was driven by price appreciation in large and medium capitalised stocks [Reuters/Akintunde Akinleye] Reuters Activities on the nation’s bourse resumed the week on Monday on a positive note following investors’ interests in Dangote Cement and Airtel Africa. Specifically, the All-Share Index inched higher by 86.97 points or 0.21 per cent to close […]

AM Weekly Market Commentary - February 5, 2021

AM Weekly Market Commentary – February 5, 2021

Overall sentiment on African equity markets was bullish with most markets advancing this week. Once again, Zimbabwe led the pack. Its benchmark index jumped another 11.43%, while, conversely, Nigeria’s declined 1.66% over the week. West Africa BRVM – The Western Africa regional exchange confirmed its positive momentum. The Composite Index gained 1.74% in a week […]

AM Weekly Market Commentary - February 5, 2021

AM Weekly Market Commentary – February 5, 2021

Overall sentiment on African equity markets was bullish with most markets advancing this week. Once again, Zimbabwe led the pack. Its benchmark index jumped another 11.43%, while, conversely, Nigeria’s declined 1.66% over the week. West Africa BRVM – The Western Africa regional exchange confirmed its positive momentum. The Composite Index gained 1.74% in a week […]

Dangote Cement, Lafarge drag Industrial Index up by 2.84% to close the second week in green

Dangote Cement, Lafarge drag Industrial Index up by 2.84% to close the second week in green

The Nigerian Stock Exchange Industrial Index appreciated by 2.84% during the week to close at 57.03 index points higher, as shares of Dangote Cement, Lafarge, WAPCO dragged the index to close the second week of 2021 higher, amid renewed buying interest by local investors. Checks by Nairametrics revealed that the NSE Industrial index, as of […]