Trading activities opened the week on a negative note, extending losses to the third consecutive trading session, as sell pressures in Union Bank of Nigeria (UBN), Zenith Bank and Wema Bank dragged the All Share Index (ASI) down by 0.06 per cent to settle at 31,125.39 points. Similarly, market capitalisation shed ₦7 billion to close […]
Read More Contrary to reports that the Lagos State Government’s Municipality Note was issued under a ₦50 billion Medium Term Note Programme by Municipality Waste Management Contractors Limited, the Nigerian Stock Exchange (NSE) has denied listing the note on its platform. The Exchange, in a statement posted on its website, said its “attention has been drawn to […]
Read More The Nigerian Stock Exchange, NSE, and Meristem Securities Limited are collaborating to launch two new style indices – the NSE-Meristem Growth Index and NSE-Meristem Value Index. These indices will be available real-time on the NSE’s website from tomorrow, (Tuesday, March 12, 2019). The style indices were designed in response to demand for customized indices to […]
Read More The Nigerian equities market extended its negative performance last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) declined further by 2.12 per cent to close at 31,827.24. Similarly, market capitalisation fell by same margin to close at N11.869 trillion. Last week’s decline was worse than the 0.61 per cent of the previous week. […]
Read More The number of companies listed on the Nigerian Stock Exchange (NSE) will further reduce as Newrest ASL Nigeria Plc has applied for voluntary delisting from the exchange. Newrest ASL Nigeria Plc has through its Stockbroker, Helix Securities Limited, submitted an application for voluntary delisting of the entire 634million ordinary shares of the company from the […]
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The Nigerian equities market closed negatively last week following investors’ reaction to the postponement of general elections and profit taking. The market had maintained a positive performance since the beginning of February as investors were hopeful that the political risk would be reduce after the elections on February 16. The market rallied 6.6 per cent […]
Read More Ahead of the elections, the market indices of the Nigerian Stock Exchange (NSE) on Friday dropped by 0.16 per cent following profit taking. Specifically, the All-Share Index lost 53.13 points or 0.16 per cent to close at 32,515.52, compared with 32,568.65 achieved on Thursday. Also, the market capitalisation which opened at ₦12.145 trillion shed ₦20 […]
Read More The Nigerian stock market sustained its positive performance last week as foreign and domestic investors as investors played down election risk. Having appreciated 2.9 per cent the previous week, the market rose further last week, returning 3.7 per cent. Specifically, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated to 32,715.20, while market capitalisation added […]
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After one day of negative performance the stock market rebounded yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) gained 0.12 per cent to close at 32,453.69 compared with a decline of 15 per cent. Market capitalisation added ₦14.0 billion to close at ₦12.1 trillion. The market had on Wednesday depreciated due to profit […]
Read More The Nigerian equities market has recorded a year-to-date (YTD) growth of 3.3 per cent following sustained bullish trading as investors took advantage of attractive prices of stocks. The market, which suffered a decline in 2018, recorded further losses in the month of January due apprehensions by investors over political uncertainties around the general elections in […]
Read More Contrary to the apprehension that investors may reduce patronage of equities market few days to the presidential election, foreign and domestic investors increased their investment in stocks last week. Consequently, a total of ₦26.884 billion was invested in 1.894 billion shares in 19,213 deals. This was higher than the ₦14.788 billion in 1.452 billion shares […]
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Consolidated Hallmark Insurance Plc has listed an additional 1.13 billion ordinary shares of 50 kobo each on the Nigerian Stock Exchange. According to a statement issued by the NSE on Tuesday, the company issued the shares at 65 kobo per share by placement. It said, “Dealing members are hereby notified that additional 1.13 billion ordinary […]
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