Traders work at the Nigerian Stock Exchange in Lagos

NSE ASI rose to 0.12 pct as market capitalisation added ₦14.0 billion

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 […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE records year-to-date growth of 3.3 pct on bullish trading

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 […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE gains as Stakeholders increases investment to ₦27 bln

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

Consolidated Hallmark lists 1.1 bln shares on NSE

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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Traders work at the Nigerian Stock Exchange in Lagos

Stanbic, FBN, Access sustain equities market

Gains recorded by Stanbic IBTC Holdings Plc, FBN Holdings Plc, Access Bank Plc, GTBank Plc and Beta Glass Plc helped to sustained the positive performance of the stock market yesterday. After declining the previous week due to profit taking, the market opened the week on positive note on Monday, rising by 0.35 per cent. The […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE appoints listing, trading business heads

The Nigerian Stock Exchange has appointed Mr Olumide Bolumole as its divisional head of listing business and Mr Jude Chiemeka as the divisional head of trading business. The NSE said in a statement that Chiemeka was joining the management team with over 24 years’ experience in securities trading and asset management across markets in Africa. […]

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The Nigerian Stock Exchange (NSE)

ANALYSIS: 38 firms fines ₦429.5 million for late filing of financial statements

FEYISAYO POPOOLA examines the fines imposed on firms listed on the Nigerian Stock Exchange for late filing of financial statements last year as well as the delisting of firms The Nigerian Stock Exchange imposed a total of ₦429.5 million in fines on companies that failed to file their financial statements as and when due last […]

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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 charges shareholders’ to query directors over financial impropriety

The Nigerian Stock Exchange, NSE has called on shareholders to query directors of their companies whenever they discover any impropriety in their financial statements. The Chief Executive Officer, NSE , Mr. Oscar Onyema, assured shareholders that the Exchange will continue to protect their interest by ensuring that companies complied with the rules of the stock […]

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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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Traders work at the Nigerian Stock Exchange in Lagos

NSE opens week on bearish note on profit-taking

The nation’s stock market opened the week on bearish note as investors locked in profits recorded in the past days. As a result, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) fell by 0.26 per cent to close lower at 31,344.24, while market capitalisation shed ₦30.7 billion to close at ₦11.7 trillion. The market had […]

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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

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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