The Nigerian stocks market rose yesterday by 0.28 per cent amid renewed bargain hunting activity in Banking and Oil & Gas stocks. In summary, the All Share Index (ASI) gained 96.18 absolute points, representing a growth of 0.28 per cent to close at 34,933.86 points. Similarly, the market capitalisation gained N35 billion to close at […]
Tag: XNSA_AIICO
Equities Market Begins September Flat As ASI Down By 0.03%
Trading on the Nigerian equities market began the month of September on a slightly negative note as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) declined by 0.03 per cent, yesterday. NSE-ASI shed 10.95 absolute points, representing a decline of 0.03 per cent to close at 34,837.50 points. Also, the market capitalisation declined by N4 billion […]
AIICO Insurance maintains upswing as ASI drops 0.03%
Nigerian Stock Exchange The Nigerian Stock Exchange ended the first trading day in September on a bearish note. The All Share Index closed at 0.03%. Year to date, the index is down 8.91%. Top Gainers and Losers Hallmark Insurance Plc led the top gainers as the stock appreciated by 105 to close at N0.90. Continental […]
Stock index rises 0.3% amid renewed bargain hunting
Nigerian Stock Exchange Following renewed bargain hunting embarked upon by stock market investors, transactions on the equity sector of the Nigerian Stock Exchange (NSE), closed upbeat yesterday, as the All-share index rose marginally by 0.3 per cent. Specifically, at the close of transactions yesterday, the All Share Index (ASI) gained 96.18 absolute points, representing a […]
This insurance penny stock hit a year high yesterday
AIICO Insurance Plc yesterday hit a year high of N0.99 per share. The stock was one of the best performing on the NSE last week and has continued what seems to be a bull run. It gained 9% on Friday, 9.76% on Monday and closed Tuesday’s trading session at N0.99, up 10%. Year to date, […]
OkomuOil leads capital market gain as indices appreciate by 0.27%
Trading on the Nigerian Stock Exchange closed on a positive note on Tuesday, with OkomuOil leading the gainers’ table for the day. The News Agency of Nigeria reports that the crucial market indicators appreciated marginally by 0.27 per cent. Market observers attributed the growth to the price gains made by some blue chips, which they […]
Stock market opens September with N4b losses
Nigerian Stock Exchange Equity transactions on the floor of the Nigeria Stock Exchange (NSE), reopened September trading on a downward note yesterday, as most highly capitalised stocks recorded price depreciation, causing market capitalisation to plunge by N4 billion. Yesterday, the All-Share Index (NSE-ASI) declined by 10.95 absolute points, representing a decline of 0.03 per cent […]
Weekly Economic Index: CBN fines MTN, oil prices continue to rise
On Wednesday, the Nigerian office of African Telecommunications giant MTN was slammed with a huge fine by Nigeria’s apex bank and financial regulator, the Central bank of Nigeria (CBN) for violating extant laws and regulations on foreign exchange in the country. This comes after the CBN ordered an investigation to unearth the inconspicuous aspects of […]
Tantalizers Drop 41.67% To Emerge Worst Performing Stock On NSE In July
Floor of Nigerian Stock Exchange Low, medium and high capitalised equities dominated worst performing table on the Nigerian Stock Exchange (NSE) for the month of July in percentage terms. Concise News gathered that Tantalizers emerged the worst performing equity in percentage terms with 41.67 per cent. Data obtained from NSE indicated that the stock during […]
Equity market depreciates 0.77% on banks’ stocks slump
Nigerian Stock Exchange Central Bank of Nigeria (CBN) huge fines on four deposit money banks over alleged illegal fund repatriation on behalf of MTN Nigeria weighed heavily on the local bourse yesterday, causing the All-share index to slide by 0.77 per cent. The Nigerian Stock Exchange-All Share Index (NSE-ASI) decreased by 272.27 absolute points, representing […]