All posts tagged "nigerian stock exchange"

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  Nigerian Stock Exchange Watch: Dangote Cement (+3.42%) and Nigerian Breweries (+4.17%) Lift Bourse from Slump

  The stock market snapped out of a 9 day consecutive slump due to impressive performance recorded by two of the Exchange’s most capitalized companies, Dangote Cement and Nigerian Breweries. The banking sub-sector was relatively quiet, Access (3.65%)...

  • Posted June 11, 2012
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  Nigerian Stock Exchange Watch: ASI Downturn Sustained by Price Fall in Dangote Cement (-5%) and Nigerian Breweries (-1.19%)

  The All Share Index shed 115 points in today’s trading largely due to a price drop in the bourse’s most capitalized stock, Dangote Cement (-5%). Another notable price drop was Nigerian Breweries (-1.19%). The banking sub-sector saw...

  • Posted June 6, 2012
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  FG Agrees on Forbearance Package for Stockbrokers to Stimulate Stock Market

  The Minister of Finance has disclosed that the Federal Government will provide forbearance package to stockbrokers in order to stimulate the stock market. Speaking at the annual meeting of the African Development Bank in Arusha, Tanzania, the...

  • Posted June 1, 2012
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  Nigerian Stock Exchange Watch: ASI (-0.04%) Declines Marginally, Dangote Flour (+5%) Gains Maximum Points

  The All Share Index declined marginally, shedding 0.04% to close at 22,170.96. Market activity improved over previous sessions but was not remarkable. The banking sub-sector was largely in bearish territory with top tier banks GTBank (-1.03%) and...

  • Posted May 30, 2012
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  Nigerian Stock Exchange Watch: Market YTD Performance Hits (+7.77%), First Bank (+2.83%) Carries ASI (+0.15%)

  The All Share Index gained 0.15% to close at 22,342.13 as the year-to-date performance of the bourse improved to 7.77%. The gainers outweighed to losers in the banking sub-sector today as key bank stocks including First Bank...

  • Posted May 22, 2012
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  Nigerian Stock Exchange Watch: Bearish Sentiments Prevail on ASI (-0.32%)

  Bearish Sentiments prevailed across the entire Stock Exchange as the All Share Index dropped 0.32% to close at 22,309.61. The top-tier banks, UBA (+4.25%), First Bank (+0.86%), GTBank (+0.31%), Access (+0.29%) all recorded positive uptick with the...

  • Posted May 21, 2012
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  Nigerian Stock Exchange Watch: Dangote Cement lifts ASI (+0.46%), Dangote Flour (+4.98%), Presco (+4.99%) are Stocks too Watch

  The Market closed in the affirmative largely due to a gain of 250 basis points by Dangote Cement – the market’s most capitalized company. The ASI gained 0.46% to close at 22,524.67 even as the market capitalization...

  • Posted May 16, 2012
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  Nigerian Stock Exchange Watch: Market Dips 0.31%, Dangote Stocks Drive Bourse Performance

  The Nigerian Stock Exchange dipped in today’s trading shedding 0.31% on the back of a bearish outing by the highly capitalized participants. Names such as First Bank (-1.77%), Zenith (-0.27%), Nigerian Breweries (-0.01%), and Dangote Cement (0.00%)...

  • Posted May 14, 2012
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  Nigerian Stock Exchange Watch: ASI (-0.1%) Dips Marginally, Dangote Flour (+4.95%) on Bull Run

  Now is a good time to envy investors holding Dangote Flour shares. The company’s stock is up 16% this week alone propelled by rumors Tiger Brands of South Africa is planning to make some sort of investment...

  • Posted May 10, 2012
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  Nigerian Stock Exchange Watch: Market Rallies as Bluechips Post Strong 2011 Earnings

  The All Share Index gained 32 basis points on the back of investor demand in a strong 2011 earnings  reporting season. The market closed at 20,788.83 as companies like First Bank (+4.97%) and Nigerian Breweries (+2.28%) recently...

  • Posted April 17, 2012
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