Nigerian Stock Exchange Analysts optimistic of market rebound on improved earnings Contrary to the significant buying activities witnessed in the previous weeks, the local market was largely dominated by the bears during the week, occasion by profit taking action in major highly capitalised stocks ahead of the Easter holiday. The market opened for four trading […]
Nigerian stocks jump 0.53 per cent further Thursday as investors’ exuberance for and buy pressure on Stanbic IBTC Holdings shares drove trade, a day after the financial services group announced twin compensations for shareholders. The group on Wednesday announced N3.60 per share final dividend and a bonus issue of one new share for every six […]
Equity market yesterday continued its upward movement, closing higher as the composite All Share Index increased by 207.36 basis points. The NSE All Share Index also appreciated by 0.53 per cent to 39293.14 points from 39085.78 points reported on Wednesday. Also, Market Capitalisation of listed equities appreciated by N109 billion to N20.558 trillion from N20.449 […]
Equities market maintains previous day sentiments as the Nigerian Stock Exchange All Share Index was up 0.53 per cent to close at 39,293.14 basis points on Thursday. This bullish moderated the ASI’s Year-to-Date (YtD) return to -2.43 per cent. This outing pegged the market capitalization at N20.558 trillion as investors earned N108 billion on Thursday. […]
Nigerian stock market trading floor brandspur Consequently, the month-to-date and year-to-date losses moderated to 1.3 per cent and 2.4 per cent, respectively. Stock market gain was driven by price appreciation in large and medium capitalised stocks. The include Stanbic IBTC Holdings, MTN Nigeria Communications (MTNN), GlaxoSmithKline Consumer Nigeria, UPDC Real Estate Investment Trust and Lafarge […]
Our Reporter A Federal High Court in Lagos has restrained Triton Aqua Africa Limited, Bharat Ventures Limited, Globus Resources Limited, Seafood Products Limited and Mr. Ashvin Samtani from accessing their N2,193,610,859.47 billion in 24 banks. Justice Oluremi Oguntoyinbo, who gave the order yesterday, ruled that the interim order subsists pending the hearing and determination of […]
Nigerian stocks retreated by 1.37 per cent on Friday, obliterating the feeble gain recorded at the session before as a number of big-cap stocks like MTN, Dangote Cement and BUA Cement took a hit from profit-taking efforts. The industrial goods index was the worst hit of the five sectorial indices, dipping by 4.40 per cent […]
Proshare Nigeria Pvt. Ltd. At the close of trading today, a total volume of 1.00bn units of shares of Unity Bank Plc valued at N700.69mln were traded. This represents 68.17% of the total market volumes of 1.47bn while the value of UNITYBNK shares traded represents 11.97% of the total market value traded which was put […]
Nigerian stocks rebounded on Monday with a 0.89 per cent after a largely bearish week as investors adopted a risk-on approach despite the possibility that the central bank’s monetary policy committee meeting, which will be completed Tuesday, will raise the benchmark interest in a bid to arrest Nigeria’s runaway inflation which touched 17.33 per cent […]
Charles Abuede The Nigerian Equities Market started the new week on a bearish note, with traders and investors alike coming back from the short Easter break to extend the persistent bearish run the market has been experiencing into the fourth trading session as investors lost N78.5 billion on the first trading day in April. The […]
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