Following sustained bargain-hunting in the shares of most blue-chip stocks, the Nigerian equity market extended a bullish run to three consecutive sessions, yesterday, as the All-Share Index (ASI) increased further by 0.11 per cent. At the close of transactions Wednesday, the ASI expanded by 45.10 absolute points, or 0.11 per cent increase to close at […]
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Sustained bargain-hunting boosts capitalisation by N325b
Building of the Nigerian Stock Exchange (NSE). PHOTO: AYODELE ADENIRAN For four consecutive sessions, sustained bargain hunting in the shares of blue-chip stocks pushed the Nigerian Stock Exchange (NSE) market capitalisation up by N325 billion. At the close of trading yesterday, the All-Share Index (ASI) gained 622.09 absolute points, representing an increase of 1.54 per […]
Equities Market Rises Further as Bulls Consolidate Hold
Goddy Egene The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.54 per cent to close at 40,963.14, while market capitalisation rose by N325.3 […]
Seplat, FTN Cocoa, others lead NSE N66b gain
Following gains recorded by most blue chip stocks, especially Seplat and FTN Cocoa, transactions on the Nigerian Stock Exchange (NSE) extended gain to two consecutive sessions, causing market capitalisation to appreciate further by N66 billion At the close of transactions yesterday, the All-Share Index (ASI) gained 125.70 absolute points, representing a growth of 0.31 per […]
Stock market extends gain with N66bn
Johnson Okafor The Nigerian equity market, on Thursday, sustained its positive outlook as the All-Share Index and market capitalisation rose further by 0.3 per cent. However, market breadth closed positive with 27 gainers against 14 decliners. The ASI gained 125.7 basis points or 0.3 per cent to close at 40,590.85 index points as against 40,465.15 […]
All-Share Index Rises 0.31% as Investors Stake N7.5bn on Shares
Goddy Egene Investors staked N7.51 billion on 2.13 billion shares in 4,558 deals yesterday at the stock market as the bulls continued to dominate trading. The value of trading soared by 755 per cent compared to 249.545 million shares exchanged for N2.184 billion in 6,090 deals the previous day. Champion Breweries Plc was the most […]
Trading reverses on NSE, closes for Christmas with N2bn loss
Specifically, the market capitalisation which opened at N20.281 trillion lost two billion naira to close at N20.279 trillion. Similarly, the All-Share Index shed 3.73 points or 0.01 per cent to close at 38,800.01 from 38,803.74 recorded on Wednesday. The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Lafarge […]
Stock market reopens, upbeat as index rises by 0.80%
The Nigerian stock market yesterday reversed its losing streak to reopen upbeat, as the All-Share Index (ASI) gained 0.80 per cent following appreciation in BUA Cement and 18 other stocks. The stock market resumed trading yesterday, after Christmas two-day holidays. The ASI gained 310.16 absolute points, representing a gain of 0.80 per cent to close […]
All-Share Index Rises 0.8% as Market Sustains Positive Momentum
The stock market recorded further growth yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.8 per cent to close at 39,110.17, while the market capitalisation added N167.6 billion to close at N20.4 trillion. Although nine stocks appreciated compared with 20 stocks that depreciated, the performance was buoyed by strong demand for the […]
NSE Reopens Trading With N167bn Gain After Christmas Holidays
Stock Market NSE Reopens Trading With N167bn Gain After Christmas Holidays The Nigerian Stock Exchange reopened trading on Tuesday after the holidays to mark Christmas and Boxing Day celebrations with the All-Share Index crossing 39,000 mark. Specifically, the All-Share Index which opened at 38,800.01 inched higher by 310.16 points or 0.80 per cent to close […]