The equity market on Thursday recorded an uptick performance as the Nigerian Stock Exchange, NSE All Share Index, NSE-ASI gained 0.62 percent, notching its first gain since the beginning of the New year (2019) after six consecutive declines. This was majorly driven by gains in Banking and Industrial goods stocks. Market breadth closed positive, recording […]
Read More The volatility of the Nigerian Stock Exchange (NSE) remained unabated on Monday with crucial market indices decreasing further by 0.78 per cent. The Share Index shed 238.62 points or 0.78 per cent to close at 30,400.28 against 30,638.90 posted on Friday. In the same vein, the market capitalisation, which opened at ₦11.425 trillion lost ₦89 […]
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Operators in the capital market have said that the weak sentiment that pervaded the equities market on the first three trading days of the year will continue this week following sell-offs ahead of the general election. After closing the year on -17.8 percent loss, the market opened the new year on a downturn and sustained […]
Read More The trading of equities on the Nigerian Stock Exchange, NSE on Thursday extended its losses witnessed yesterday as major market indicator, All Share Index, ASI dropped by 1.0 percent following selloffs in the shares of some blue chip companies. Specifically, losses recorded by GTBank, Stanbic IBTC and Zenith Bank (-4.5 percent), ( -4.1 percent) and( […]
Read More Trading on the Nigerian Stock Exchange (NSE) maintained a negative trend, with the market capitalisation shedding ₦239 billion, mixed sentiments ahead of the end of the year with window dressing by fund managers. Reports have it that the market capitalisation, which opened at ₦11.576 trillion lost ₦239 billion or 2.07 per cent to close at […]
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The nation’s equities market lost ₦39.89 billion on Wednesday as the gains recorded in the previous session were pared. The market capitalisation, which stood at ₦11.255 trillion on Tuesday, dropped to ₦11.215 trillion on Wednesday, while the All Share Index of the Nigerian Stock Exchange declined by 0.35 per cent to settle at 30,704.98 basis […]
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It was mixed performance for the shares of Access Bank Plc and Diamond Bank Plc on the second trading day at the stock after the confirmation of the business combination by both financial institutions. The shares of both banks had surged the first day after the confirmation as investors swooped on the shares at the […]
Read More The nation’s stock market witnessed a rebound on Tuesday as the market capitalisation of listed equities increased by ₦74.93 billion. The market capitalisation rose to ₦11.255 trillion on Tuesday from ₦11.180 trillion on Monday, while the All Share Index gained 0.67 per cent to settle at 30,814.19 basis points. Analysts at Afrinvest Securities Limited attributed […]
Read More Trading at stock market was bearish yesterday as losses by 20 equities dragged the Nigerian Stock Exchange (NSE) All-Share Index by 0.21 per cent to close lower at 30, 609.06. Similarly, market capitalisation shed ₦26.5 billion to be at ₦11.18 trillion. The decline, which is contrary to a growth of 0.34 per cent last Friday, […]
Read More It was another week of negative performance at the stock market as the Nigerian Stock Exchange (NSE) All-Share Index went down further by 0.63 per cent to close at 30,672.79, while market capitalisation depreciated by 0.58 per cent to close at ₦11.204 trillion. Year-to-date the index has declined by 19.8 per cent. The negative performance […]
Read More Activities closed for the week on the Nigerian Stock Exchange (NSE) on a positive trend following gains recorded by some highly capitalised stocks after two consecutive days losses. Specifically, Seplat led the gainers’ table, gaining ₦54 to close at ₦594 per share. It was followed by Nigerian Breweries with ₦3.50 to close at ₦79.50, while […]
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For the second year running, Forte Oil, with majority shares held by billionaire Femi Otedola, maintained its leadership from the rear as the worst performing stock on the Nigerian Stock Exchange (NSE) in 2017 in percentage terms. Statistics obtained by the News Agency of Nigeria (NAN) from the exchange indicated that the stock, which opened […]
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