• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      Nigeria, Africa remittances on target as Wari, Lycaremit sign partnership

      January 21, 2021

      Companies

      Total Nigeria, Mixta, Valency, list new CPs on FMDQ platform to enhance financial markets development

      January 19, 2021

      Finance

      Amidst N32.22trn public debt, analysts say Nigeria’s external debt service manageable

      January 19, 2021

      Finance

      Stringent regulations, business environment forced Stanbic IBTC out of BDC business

      January 15, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Markets

      Nairobi Stock Exchange pushes expansion plans with more listings in 2021, says CEO

      January 23, 2021

      Africa Investment Forum

      Africa’s $60bn losses in illicit capital flows due to multinationals’ tax avoidance, says AfDB Adesina

      January 22, 2021

      Frontpage

      Covid-19 vaccine: Nigeria, 54 others to benefit from African Union’s 270m doses

      January 21, 2021

      Finance

      Nigeria, Africa remittances on target as Wari, Lycaremit sign partnership

      January 21, 2021

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Companies

      Appeal Court suspends order against shutting of SEPLAT headoffice

      January 23, 2021

      Frontpage

      OPEC welcomes push for electric vehicles, but says fossil fuel remains strong

      January 21, 2021

      National: Governance, Policy & Politics

      Nigeria ramps up domestic LPG consumption above 1MMT, says PPPRA

      January 20, 2021

      Companies

      TIPP Oil, German lubricant maker, targets 2021 Nigeria launch with eco-friendly scheme  

      January 19, 2021

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      CBN meeting and NSE in focus

      January 18, 2021

      Analyst Insight

      Once again, fiscal stimulus takes centre stage

      January 18, 2021

      Analyst Insight

      Organisations must learn from the WhatsApp story  

      January 18, 2021

      Analyst Insight

      Data privacy maturity model in organisations

      January 11, 2021

Markets

Equities market remains bullish as capitalization peaks at N11.69trn

Niyi Jacobs

Reporter

June 16, 2017851 views0 comments

The Nigerian equities market maintained its upward trend as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) and market capitalization appreciated by 1.60 per cent  to close the week at 33,810.56 and ₦11.692 trillion respectively.

The ASI closed at 33,810.56 Friday against Thursday’s figure of 33,276.68 while Market Capitalization closed Friday ₦11.692 trillion against previous  day’s ₦11.687 trillion.

Businessamlive.com notes that this is against +0.59% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +25.81%.

Renaissance Capital, in an investor note, acknowledged that the new Investor and Export window has   made financial assets in Nigeria cheaper and  more attractive while recommending that investors should start buying Nigeria’s financial assets including equities and bonds.

Read Also:

  • Bullish insurance, industrial sectors see N50.3bn rise in Nigeria bourse…
  • OPEC welcomes push for electric vehicles, but says fossil fuel remains strong
  • Nigeria equities go bearish on selloffs in DangCem, AXA Mansard, UBA
  • Nigeria equities opened weak on selloffs in large caps DangCem, FBN, Flour Mills
  • Africa opens world’s largest single market (3)

Investors have taken the advice to heart piling into both the stock and bond markets. Banking stocks, especially tier 1 banks have seen a significant inflow of cash.

The banking index is already up 31 percent half year, outperforming the ASI which is up about 9.1 percent within the same period after reversing the negative return it recorded in the first quarter of the year.

Meanwhile, the Financial Services sector led the activity chart at the close of trading Friday with 403.479 million shares exchanged for ₦4.236 billion.

Conglomerates came next with 60.768 million shares traded for ₦0.124 billion, Consumer Goods, Industrial Goods, Agriculture sectors followed respectively on the activity chart.

Lasaco, Zenithbank, Access, Transcorp and Guaranty Bank were the most active stocks by volume. ETI, CCNN, Maybaker, Skyebank and AIICO emerged the highest price gainers on the chart, while Intbrew, Betaglas, Continsure, Unitybnk and Honyflour topped the losers’ chart.

Share on Facebook Tweet Email
TagsCCNN Equities market ETI Nigerian Stock Exchange NSE
PreviousCurrency traders see convergence of exchange rates on increased foreign interests in Nigeria’s equities
NextStanbic IBTC, GTB, Zenith likely to emerge best performing banking stocks HY 2017

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Appeal Court suspends order against shutting of SEPLAT headoffice
  • Eko Atlantic City to utilise local content for economic diversification in Nigeria
  • Nairobi Stock Exchange pushes expansion plans with more listings in 2021, says CEO
  • Africa’s $60bn losses in illicit capital flows due to multinationals’ tax avoidance, says AfDB Adesina
  • Nigeria equities go bearish on selloffs in DangCem, AXA Mansard, UBA

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

United States rate hike may put Nigeria, others under pressure

Frontpage June 15, 2017

1
2

Nigeria records positive trade balance in Q2 despite exports falling 29.6% q-on-q

Frontpage September 13, 2017

3

FEC Approves $64.2m for Escravos power project

Frontpage September 26, 2018

4

Nigerian stocks sustain losses as NSEASI declines 0.30%

Frontpage July 26, 2018

5

FG promises stable power supply

Electricity December 22, 2019

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.