The excess liquidity prevailing in the interbank money market will persist this week due to inflows of over ₦1 trillion expected from matured treasury bills and statutory allocation to the three tiers of government. The Federation Accounts Allocation Committee, FAAC, meeting held on Friday ended with the three tiers of government sharing ₦821 billion as […]
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The Nigerian equities market, on Thursday rose by 65 bases points, bps on renewed bargain hunting activity with the Nigerian Stock Exchange, NSE recording 23 gainers against 20 losers. At the end of trades, the Year to date, YtD loss of the NSE All Share Index decreased to 1.30 percent while market capitalisation increased by […]
Read More The bearish market resurfaced in the Nigerian Stock Exchange, NSE on Tuesday, as the All Share Index, ASI inched lower by 0.01% to close 37,988.54 points, owing to sell pressures on a number of medium and large cap stocks. Accordingly, the Month-to-Date, MtD and Year-to-Date, YtD returns moderated marginally to -0.30% and -0.67% respectively. Consequent […]
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Activities on the Nigerian Stock Exchange (NSE) on Monday reversed the six-consecutive days downward movement with important market indices appreciating by 0.34 per cent. The News Agency of Nigeria (NAN) reports that the All-Share Index rebounded by 129.59 points or 0.34 per cent to close at 37,992.12, against the 37,862.53 recorded on Friday. Similarly, the […]
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Analysts have predicted that equities market will sustain the upward momentum recorded in the last two week as investors continue to take advantage of low prices of value stocks. According to them, the newly approved multi-fund investment structure by the Pension Commission, PenCom, that requires Pension Fund Administrators, PFAs, to invest more in equities as […]
Read More Nigerian equities remained on the upswing yesterday as widespread bargain-hunting for large-cap stocks rallied the market to a net capital gain of ₦117 billion. For the second consecutive trading session, most transactions at the Nigerian Stock Exchange (NSE) were closed at premium, underlining the positive sentiment across several sectors. The All Share Index (ASI) – […]
Read More The Nigerian equities market reopened yesterday with a strong rally as bargain-hunters shifted demand to financial services and fast moving consumer goods stocks. Benchmark indices at the Nigerian Stock Exchange (NSE) indicated average gain of 0.45 per cent, equivalent to net capital gain of ₦63 billion. The All Share Index (ASI)-the common value-based index that […]
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As a fresh week rolls in, analysts in the capital market have called on investors to tread cautiously even as the market continues to tumble. The equities market, which has recorded four straight weeks of continuous sell-off despite projections of rebound at various times this month, again ended last week in red. Investors who have […]
Read More Equity transactions on the floor of the Nigerian Stock Exchange, NSE, yesterday opened the week with a lull as the market capitalisation lost ₦17 billion from ₦14.931 trillion to close at ₦14.914 trillion. Following price losses recorded by Bellweather capitalised stocks, the All-Share Index (ASI) dropped 0.11 per cent or 45.90 basis point to close […]
Read More Following sell-offs recorded by Industrial goods stocks, trading at the floor of the Nigerian Stock Exchange (NSE) opened the week on a negative note as the All Share Index (ASI) dropped by 0.12 per cent to close at 40,763.93 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to -1.78 and 6.59 per cent respectively even […]
Read More Nigeria’s stocks have been rated among the world’s best-performers in the past four months. Bloomberg reported on Monday that the good performance was as a result of foreign investors. The New York-based financial software, data, and media company, said net foreign inflows to Nigerian equities totalled 337 billion naira ($940 million) last year, the first […]
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World equity markets climbed to a record on Friday as the U.S. dollar languished near three-year lows and a U.S. government shutdown loomed, while U.S. Treasury yields continued their steady rise to hit their highest levels since September 2014. President Donald Trump postponed plans to leave Washington while the U.S. Congress faced a midnight deadline […]
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