Stocks on Nigerian Stock Exchange (NSE) extended their losing streak on Thursday following mixed second quarter earnings of companies and anxiety over 2019 general elections. The NSE All-Share Index shed 67.16 points or 0.19 per cent to stand at 36,232.66 from the 36,299.82 posted on Wednesday. Index has fallen by 5.26 per cent year to […]
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Transactions in the equities market on the Nigerian Stock Exchange, NSE on Tuesday remained bearish, as the All Share Index, ASI shed 0.40 percent to close at 36,333.80 points, amidst sell pressure in value stocks. The dip in NSE Index was aided by losses in five premium stocks (UBA, Zenith Bank, Access Bank, Lafarge and […]
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The nation’s stock market extended its decline yesterday, Monday as 25 companies, led by Ikeja Hotel Plc, recorded losses at the end of trading. The market capitalisation of listed equities fell slightly to ₦13.315 trillion while the All Share Index of the Nigerian Stock Exchange closed at 36,479.42 basis points. Twenty-one stocks appreciated at the […]
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The Securities and Exchange Commission has announced that the second Capital Market Committee meeting of the year will hold this week. SEC, in a statement on Sunday, said issues bordering on the implementation of the 10-year Capital Market Master Plan as well as others relating to the capital market and the economy would be discussed […]
Read More Trading of shares on the Nigerian Stock Exchange, NSE Friday recorded 28 losers against 18 gainers with the All Share Index down by 52 bases points, bps amid renewed profit taking activity by investors. Guaranty Trust Bank, GTBank, United Bank for Africa, UBA, Okomu Oil and Flour Mill of Nigeria shares dragged down the NSE […]
Read More The trading of equities on the Nigerian Stock Exchange, NSE closed higher on Thursday as it gained 0.21 percent, reversing Wednesday’s negative sentiment, just as Notore Chemical Industries Plc listed 1.612 billion shares on the Exchange. The growth in the market was aided by buy sentiment in the major Banking stocks, among others. Market breadth […]
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Nigerian businessman Jimoh Ibrahim is planning to list shares in Energy Commercial Bank on the Ghana Stock Exchange this month. His Energy Commercial Bank is at the final phase of receiving approval from Ghana’s Securities and Exchange Commission (SEC) to float its shares on the stock exchange by August 2018, according to a report by […]
Read More The nation’s benchmark stock index fell the most in six weeks on Wednesday, as earnings from some of the biggest companies proved disappointing and some investors opted to move money out of equities. The All Share Index of the Nigerian Stock Exchange dropped by 1.1 per cent, the most since June 21, while the market […]
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FMDQ OTC Plc has secured shareholders approval as part of plans by the Board of Directors to raise N5 billion fresh capital to further boost its operation. Shareholders of the company also approved a name change from FMDQ OTC Plc to FMDQ Securities Exchange Plc following earlier approval from the regulatory authorities. At the 6th […]
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Foreign exchange black market operators are making brisk business from Nigerian pilgrims in Madinah, since the arrival of the first batch from Kogi for this year’s Hajj in the Holy land. The operators, mainly Nigerians resident in Madinah, transact their businesses in secret as they approach pilgrims in their hotels in groups or individually to […]
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Activities in the equities market remained bearish, as the All Share Index dipped further, by 0.81 percent, to 36,963.70 points, amidst still negative sentiments. As a result, the Year-to-Date, YtD and Month-to-Date, M tD returns moderated to -3.35 percent and -3.43percent, respectively. All sector indices – Industrial Goods (-2.36 percent), Oil & Gas (-1.31 percent), […]
Read More Financial experts on Thursday stressed the need for quick implementation of the 2018 budget and listing of new companies on the Nigerian Stock Exchange (NSE) to tackle the exodus of foreign investors. They said in Lagos that quick budget implementation and listing of more multinationals on the stock exchange would boost its liquidity and enhance […]
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