Despite the positive sentiment recorded in the equities market at week close on Friday, investment experts and other capital market operators have said that the market will remain in the negative region as the Friday positive run was not driven by any fundamental. Stock Market They argued that underlying investors’ apathy still remained, thereby negating […]
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Stocks fall further, market capitalisation drops to N12.87tn
’Femi Asu The market capitalisation of equities listed on the Nigerian Stock Exchange fell further last week as 56 firms recorded price depreciation. The NSE All-Share Index and market capitalisation depreciated by 0.51 per cent to close the week at 35,266.29 basis points and N12.875tn respectively. Similarly, all other indices finished lower with the exception […]
Investors lose N94.36bn in 5 days
The stock market extended its bearish performance into the fifth consecutive trading session on Thursday as equities investors lost a total of N94.36 billion over the losing streak on sustained profit taking activity after last Thursday’s rebound. Specifically, the benchmark index of the Nigerian Stock Exchange (NSE), the All Share Index (ASI), dropped by 0.19 […]
NSE indices sustain sliding profile, down by N21 billion
Nigerian Stock Exchange Transactions on the floor of the Nigerian Stock Exchange (NSE), continued on a downward note yesterday, following price losses suffered by most blue chip stocks, causing market capitalisation to dip further by N21billion. Yesterday, the All-Share Index (NSE-ASI) was down by 67.16 absolute points, representing a dip of 0.19 per cent, closing […]