Overall sentiment on African equity markets was mixed. Among the markets we cover, 9 of them retreated this week while 8 advanced. Uganda led the pack as equities in Kampala jumped 2.83% and are up 6.58% so far this year. Conversely, Zimbabwean equities lost 3.35% over the 5-day period but remain up 69.23% YTD. West […]
Tag: XNSA_DANGCEM
AM Weekly Market Commentary – February 26, 2021
Overall sentiment on African equity markets was bearish. Among the markets we cover, 11 of them retreated this week and 6 advanced. Zimbabwe led the pack as equities in Harare rallied 5.93%. Conversely, Ugandan equities lost 2.62% over the 5-day period. West Africa BRVM – Bulls were back on the Western Africa regional exchange. The […]
AM Weekly Market Commentary – February 26, 2021
Overall sentiment on African equity markets was bearish. Among the markets we cover, 11 of them retreated this week and 6 advanced. Zimbabwe led the pack as equities in Harare rallied 5.93%. Conversely, Ugandan equities lost 2.62% over the 5-day period. West Africa BRVM – Bulls were back on the Western Africa regional exchange. The […]
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%
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 12, 2021
Overall sentiment on African equity markets was mixed. Among the markets we cover, 10 of them advanced this week and 7 retreated. Ghana led the pack as its benchmark index jumped 5.41%. Conversely, Nigeria declined for the second week in a row, shedding another 3.04% over the week. West Africa BRVM – Bears were back […]
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
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 – January 29, 2021
Overall sentiment on African equity markets was mixed with as many markets advancing as losing ground among the ones we cover on the continent. Zimbabwe leads the pack. Its benchmark index jumped 13.55%, while, conversely, Namibia’s dropped 3.13% over the week. West Africa BRVM – Market participants on the BRVM halted the downward trajectory the […]
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 […]