Bears maintain hold on stocks as NSE ASI dips 0.39%

Bears maintain hold on stocks as NSE ASI dips 0.39%

The bearish performance at the equities market continued into the fourth consecutive trading session, Thursday. The negative performance for the day were specifically spurred by losses in Dangote Cement which fell 0.5 percent, Eco Transnational Incorporated (ETI) which declined 3.3 percent and Access Bank which depreciated by 4.3 percent. As a result, the benchmark index […]

Nigerian stocks down 1.5% as investors book profit in bellwethers

Nigerian stocks down 1.5% as investors book profit in bellwethers

Investors at Nigeria’s equities market embarked on profit-taking in bellwethers Wednesday, dragging the benchmark index, the NSEASI 1.5 percent lower to close at 34,414.37 points. The investors booked profit in DANGCEM (-3.0%), ZENITH (+2.3%), GUARANTY (+1.5%) and SEPLAT (-7.3%) worsening the year-to-date losses to -10.0 percent while market capitalization decreased by N190.5 billion to N12.6 […]