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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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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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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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 […]
Read More 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 […]
Read More 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 […]
Read More 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 […]
Read More 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 […]
Read More Lagos – January 21, 2019. The Nigerian Stock Exchange (“the Exchange” or “NSE”), a multi-asset exchange & index provider, and Afrinvest Securities Limited (“ASL”), a leading capital market research and securities execution platform, are pleased to announce the launch of two new factor indices: the NSE-Afrinvest Banking Value Index (NSE-Afr BVI) and NSE-Afrinvest High Dividend […]
Read More The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Oscar Onyema has called on African businesses to embrace higher governance standards to facilitate the inflow of funds needed to position the continent to leverage gains of the Fourth Industrial Revolution (4IR). Onyema made the call at the ongoing 2019 World Economic Forum in Davos […]
Read More The bears had dominated the Nigeria’s equities market for much of Tuesday’s session, before investors’ late interest in Guaranty Trust Bank, GTBank Plc and Zenith Bank Plc kept the market largely afloat. Specifically, the benchmark index, NSE Index rose marginally, by 0.01 percent, to close at 30,736.88 points. Against that backdrop, the Month-to-Date loss moderated […]
Read More The stock market made an unexpected recovery last week as investors embarked on bargain hunting in stocks perceived to have attractive valuation. After falling 17.8 per cent last year the market had opened the New Year on bearish note due to weak demand for stocks ahead of the general elections. However, some discerning investors decided […]
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