The stock market declined by marginal 0.02 per cent Wednesday despite higher number of price gainers. Although a total of 24 stocks appreciated, the Nigerian Stock Exchange (NSE) All-Share Index declined by 0.02 per cent to close at 32,375.12. Market capitalisation shed ₦2.1 billion to close lower at ₦11.8 trillion. Profit taking in International Breweries […]
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Activities on the Nigerian Stock Exchange (NSE) on Monday maintained the downward trend with the market capitalisation shedding ₦46 billion due to profit taking by investors. The market capitalisation lost ₦46 billion or 0.39 per cent to close at ₦11.756 trillion from the ₦11.802 trillion achieved on Friday. The All-Shares Index, which opened at 32,327.59, […]
Read More Bearish sentiments continued in the bond market last week. Consequently, average yield pegged at 14.9 per cent, representing an increase of 11 basis points week-on-week. The sentiment has persisted over the past few weeks, since the hike in yields in the treasury bills primary market auction (PMA) last month. The hike in yields on 29th […]
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As the Nigerian equities market continued with its free fall hitting a 52-week low last week, investment analysts have advised investors to see the low prices as an opportunity to increase their portfolio. The Nigerian market, which started the year on a bullish note, entered a bearish mode in February and has remained largely bearish […]
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The nation’s equities market depreciated by ₦687 billion in August this year, as the Nigerian Stock Exchange market capitalisation closed downwards at ₦12.722 trillion, a new report of the summary of trading activities on the NSE for the month has shown. The NSE capitalisation as of July 31, 2018 was ₦13.409 trillion. The All-Share Index […]
Read More Nigeria’s investment climate recorded a mixed performance in the month of August in line with global trends. A review of the different segments of the markets where investors staked their funds showed that foreign investors have continued to dump the FGN Bond as a result of persisting risk-off sentiments across emerging markets. Nevertheless, the best […]
Read More The Nigerian equities market recorded a decline of 5.86 per cent in the month of August reflecting prevailing negative investors’ sentiments. About 1.63 per cent of the decline was recorded last week as the Nigerian Stock Exchange All-Share Index (NSE ASI) closed lower at 34,848.45. Although trading has been bearish over the past few months […]
Read More Following the persistent downside of the stock market in recent times, stockbrokers have cautioned investors on panic selling of their shares, saying that projections cannot be made under the present circumstances. The General Secretary of Association of Issuing Houses of Nigeria, ASHON, Mr Sam Onukwue, in his comment on the free fall of share prices […]
Read More Equity stakeholders in companies quoted on the Nigerian Stock Exchange (NSE) lost a whopping ₦2.49 trillion or 15.64 per cent between January and July, a development that experts attributed to the political uncertainty in the country. Some financial experts who spoke on the huge loss attributed it to the political uncertainty, which has taken its […]
Read More The Nigerian Stock Exchange (NSE) recorded the first gain for the week with the market capitalisation increasing by ₦236 billion on Friday. Newsmen report that the market capitalisation inched N236 billion of 1.87 per cent to close at N12.874 trillion against ₦12.638 trillion achieved on Thursday. Also, the All-Share Index rose by 649.57 points or […]
Read More The equity market closed lower on Thursday as the bears continued to dominate market, with the Nigerian Stock Exchange, All Share Index, ASI shedding further, by 1.3 percent to close at 34,618.43 points, thus hitting its 52-week low. Similarly, the market capitalisation decreased by ₦166.62 billion, representing a dip of 1.30 percent, closing at ₦12.61 […]
Read More The Nigerian Stock Exchange, NSE All Share Index (NSE ASI) depreciated further on Wednesday by 0.62 percent to close at 35,069.34 points, compared with the depreciation of 0.35 percent recorded yesterday. The depreciation recorded in the share prices of some highly capitalised companies such as UBA, Nestle Nigeria, Zenith Bank, Cadbury Nigeria, and GT Bank […]
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