The Nigerian bourse saw a continuance of the bullish trend last week. The benchmark index recorded gains on all trading days, closing northwards 1.6% w/w to 40,868.4pts. The week’s performance was largely on account of two large caps, FBNH (+21.7% w/w) and AIRTELAF (+6.3% w/w). Both tickers saw buying interest as Airtel Africa disclosed plans to purchase minority interest (8.0%) in Airtel Nigeria, which could see FBNH exit its minority stake in AIRTEL. Consequently, the market’s YTD return strengthened to ...
Download (165.39 KB)
Latest Reports
- MACRO | Weekly Pan African Monitor - November 4, 2021
- MACRO | Weekly Pan African Monitor - October 15, 2021
- MACRO | Weekly Pan African Monitor - October 8, 2021
- MACRO | Weekly Pan African Monitor - September 24, 2021
- MACRO | Weekly Pan African Monitor - August 27, 2021
- MACRO | Weekly Pan African Monitor - August 20, 2021
- MACRO | Weekly Pan African Monitor - August 13, 2021
- MACRO | Weekly Pan African Monitor - July 30, 2021
- MACRO | Weekly Pan African Monitor - July 23, 2021
- MACRO | Weekly Pan African Monitor - May 21, 2021