Capital Market

Traders work at the Nigerian Stock Exchange in Lagos

Analysts foresee bearish trend this week as investors take short term position

Ahead of the presidential election this month, analysts have predicted a continuous bearish trend in the equity market on the Nigerian Stock Exchange, NSE, this week as investors continue to take short term position on equities with good fundamentals. After two consecutive weeks of gains, investors began to book profits last week leading to the […]

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London Stock Exchange - Companies to Inspire Africa

Eat’N’Go makes LSE’s list

Nigeria’s franchisee for Domino’s Pizza, Cold Stone creamery and Pinkerry Gournmet Frozen Yoghurt, Eat’N’Go Limited, has been recognised by the London Stock Exchange Group, as one of the companies to inspire Africa in 2019, according to a statement. The firm’s listing was announced at the launch of the second edition of the Companies to Inspire […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE appreciates further as investors continued bargain hunting

The equities market extended its gains for the second consecutive week as investors continued their bargain hunting. Having appreciated by 3.9 per cent the previous week, the market recorded another appreciated last week with the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.35 per cent to close at 31,426.63, while market capitalisation appreciated […]

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Traders work at the Nigerian Stock Exchange in Lagos

Analysts see bleak outlook for equities in Q1’19, as resurgence of gain continues

After recording a tumultuous year owing to various factors, particularly pre-election jitters in Nigeria and trade tension between US and China, the equities market is set to continue first quarter of 2019 in a similar vein, investment experts have said. Their prediction followed the huge loss of 5.58 percent in the first six trading days […]

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Traders work at the Nigerian Stock Exchange in Lagos

Banking Stocks raise NSE ASI by 0.46 pct to close at 30,878.56

The Nigerian Stock Exchange (NSE) All-Share Index (ASI) nudged 0.46 per cent higher to close at 30,878.56 yesterday compared with a marginal rise the previous day as gains by banking stocks sustained the positive performance of the market. Similarly, market capitalisation inched up by₦52.8 billion to close at 11.51 trillion. The bulls were in total […]

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Traders work at the Nigerian Stock Exchange in Lagos

Late interest in GTBank , Zenith boost NSE Index marginally by 0.01%

The bears had dominated the Nigeria’s equities market for much of Tuesday’s session, before investors’ late interest in Guaranty Trust Bank, GTBank Plc and Zenith Bank Plc kept the market largely afloat. Specifically, the benchmark index, NSE Index rose marginally, by 0.01 percent, to close at 30,736.88 points. Against that backdrop, the Month-to-Date loss moderated […]

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Traders work at the Nigerian Stock Exchange in Lagos

Equities gains 3.9 pct as renewed demand boost stock prices

The stock market made an unexpected recovery last week as investors embarked on bargain hunting in stocks perceived to have attractive valuation. After falling 17.8 per cent last year the market had opened the New Year on bearish note due to weak demand for stocks ahead of the general elections. However, some discerning investors decided […]

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The Nigerian Stock Exchange (NSE)

NSE lifts suspension on C&I Leasing’s shares

The Nigerian Stock Exchange has lifted the suspension it placed on trading in the shares of C & I Leasing Plc. In a statement on Wednesday, the NSE said the suspension was lifted on Monday. The NSE, on December 13, 2018, placed a full suspension on the shares of C & I Leasing Plc to […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE recovers ₦235 billion in three days amid bullish trading

The equities market has recovered ₦235 billion in the past three days following gains recorded by bellwether stocks. The market, which dipped last week, had opened this week on a positive note since Monday, leading to a gain of ₦235 billion in market capitalisation from ₦11.124 trillion to ₦11.329 trillion in three days. Similarly, the […]

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Oscar Onyema, Chief Executive Officer of the Nigerian Stock Exchange, gestures as he speaks during an interview with Reuters at his office in Lagos

NSE to reduce compliance burden on listed firms

The Nigerian Stock Exchange has revealed plans to reduce the compliance burden on listed firms. The Chief Executive Officer, NSE, Mr Oscar Onyema, while speaking at the 2018 Market Recap and Outlook for 2019 in Lagos on Monday, said listing activity remained relatively low in 2018, while equity turnover remained relatively stable, marginally declining by […]

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Traders work at the Nigerian Stock Exchange in Lagos

Stock Market continues gain as Zenith, Dangote, Stanbic prove positive

The stock market appreciated further yesterday on continued bargain hunting by investors. As a result the NSE All-Share Index 0.58 per cent to close higher at 30,137.53, while market capitalisation added ₦64.4 billion to end at ₦11.2 trillion. Buying interest in Zenith Bank Plc, Dangote Sugar Refinery Plc and Stanbic IBTC Holdings Plc propelled the […]

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Traders work at the Nigerian Stock Exchange in Lagos

Despite technical obstructions NSE index appreciates 0.45 pct

The Nigerian Stock Exchange (NSE) opened trading for the week on Monday with the All-Share Index appreciating by 0.45 per cent in spite of technical obstructions. The Exchange said that it encountered a technical glitch which impacted trading activities for about four hours. Head of Share Services Division of NSE, Mr Bola Adeeko, said that […]

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