Operators in the capital market have said that the weak sentiment that pervaded the equities market on the first three trading days of the year will continue this week following sell-offs ahead of the general election. After closing the year on -17.8 percent loss, the market opened the new year on a downturn and sustained […]
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Continental Reinsurance Plc has said it does not have any plan to delist from the Nigerian Stock Exchange. The Managing Director, Continental Reinsurance, Dr Olufemi Oyetunji, disclose this while speaking at a press conference in Lagos. According to him, the company only plans to change its business structure to attract capital. He said, “We need […]
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The trading of equities on the Nigerian Stock Exchange, NSE on Thursday extended its losses witnessed yesterday as major market indicator, All Share Index, ASI dropped by 1.0 percent following selloffs in the shares of some blue chip companies. Specifically, losses recorded by GTBank, Stanbic IBTC and Zenith Bank (-4.5 percent), ( -4.1 percent) and( […]
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Equities listed on the Nigerian Stock Exchange opened the year on a negative note as investors lost ₦134.4 billion at the close of trading on Wednesday, the first trading day of the year. The market capitalisation of equities listed on the Exchange dropped from ₦11.720 trillion on December 31, 2018, to ₦11.586 trillion on January […]
Read More Activities resumed for the year on the Nigerian Stock Exchange, NSE, on a bearish note with the All-Share Index dropping by 1.15 per cent. Reports have it that the index which opened at 31,430.50 shed 360.44 points or 1.15 per cent to close at 31,070.06 due to losses by some highly capitalised stocks. Also, the […]
Read More Trading on the Nigerian Stock Exchange (NSE) maintained a negative trend, with the market capitalisation shedding ₦239 billion, mixed sentiments ahead of the end of the year with window dressing by fund managers. Reports have it that the market capitalisation, which opened at ₦11.576 trillion lost ₦239 billion or 2.07 per cent to close at […]
Read More Activities on the Nigerian Stock Exchange (NSE) resumed on Thursday on a downward trend after a two-day holiday to observe Christmas and Boxing Day celebrations. The crucial market indices declined by 0.86 per cent. Specifically, the All-Share Index lost 274.38 points or 0.86 per cent to close at 31,692.63 compared with 31,967.01 on Monday. Also, […]
Read More The nation’s equities market lost ₦39.89 billion on Wednesday as the gains recorded in the previous session were pared. The market capitalisation, which stood at ₦11.255 trillion on Tuesday, dropped to ₦11.215 trillion on Wednesday, while the All Share Index of the Nigerian Stock Exchange declined by 0.35 per cent to settle at 30,704.98 basis […]
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The Securities and Exchange Commission, SEC, yesterday, approved the Nigerian Stock Exchange, NSE, Sustainability Disclosure Guidelines, SDGs, even as the guidelines will become effective on January 1, 2019. The NSE disclosed this, stating that it recognizes that the promotion of Environmental, Social and Governance (ESG) principles can facilitate more meaningful engagement between investors and listed […]
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It was mixed performance for the shares of Access Bank Plc and Diamond Bank Plc on the second trading day at the stock after the confirmation of the business combination by both financial institutions. The shares of both banks had surged the first day after the confirmation as investors swooped on the shares at the […]
Read More The nation’s stock market witnessed a rebound on Tuesday as the market capitalisation of listed equities increased by ₦74.93 billion. The market capitalisation rose to ₦11.255 trillion on Tuesday from ₦11.180 trillion on Monday, while the All Share Index gained 0.67 per cent to settle at 30,814.19 basis points. Analysts at Afrinvest Securities Limited attributed […]
Read More Trading at stock market was bearish yesterday as losses by 20 equities dragged the Nigerian Stock Exchange (NSE) All-Share Index by 0.21 per cent to close lower at 30, 609.06. Similarly, market capitalisation shed ₦26.5 billion to be at ₦11.18 trillion. The decline, which is contrary to a growth of 0.34 per cent last Friday, […]
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