…draws closer to two-year low Feyisayo Popoola The nation’s stock market declined further on Tuesday as bearish sentiments persisted, making investors lose N4.8bn. The market capitalisation of equities listed on the Nigerian Stock Exchange dropped from N10.954tn on Monday to N10.948tn on Tuesday while the year-to-date loss stood at -7.3 per cent. On Tuesday, the […]
28 Firms Lose As Stock Market Declines Further The nation’s stock market declined further on Tuesday as bearish sentiments persisted, making investors lose N4.8bn. The market capitalisation of equities listed on the Nigerian Stock Exchange dropped from N10.954tn on Monday to N10.948tn on Tuesday while the year-to-date loss stood at -7.3 per cent. On Tuesday, […]
INVESTMENT analysts in the capital market have expressed optimism on the possibility of shares of Unilever Nigeria Plc, Seplat Petroleum Development Company, and Eterna Plc performing well this year and recommended them for a buy. According to analysts at Cowry Asset Management, the stocks have an upside potential of 162.30 percent, 50.80 percent and 47.90 […]
The Ghana Stock Exchange (GSE) last week had Ghana’s telecommunication giant – MTN Ghana Ltd, listed after successfully attaining the minimum requirement for enlistment. In spite of the wider options for trading, equity indices continued to nosedive on account of bearish closure of some top companies in the financial and energy sectors. With the equity […]
As part of the moves towards the take-off of the Africa Fintech Network and Council, the President of Fintech Association of Nigeria and Convener of the Africa Fintech Network had an exciting engagement on Tuesday, 4th Sept 2018 with the leadership of the Ghana Fintech community and related constituencies including the reps of the Ghana […]
Feyisayo Popoola The nation’s equities market extended its decline on Thursday as it shed N111bn following the price depreciation recorded by 31 stocks at the close of trading. The All-Share Index and market capitalisation of equities listed on the Nigerian Stock Exchange fell by 0.88 per cent to close at 34,110.22 basis points and N12.452tn […]
The Nigerian stocks market fell by 0.44 per cent amid renewed profit taking activity in Industrial and Consumer Goods stocks, reversing previous day’s positive sentiment. The Nigerian Stock Exchange-All Share Index (NSE-ASI) shed 157.27 absolute points, representing a decline of 0.44 per cent to close at 35,358.94 points. Also, the market capitalisation declined by N57 […]
Nigerian Stock Exchange Hopes for a bulls’ run dimmed yesterday, following renewed profit-taking by investors at the Nigerian Stock Exchange (NSE), as the bears took centre stage again on equity transactions, reversing the Tuesday’s positive sentiment, as market capitalisation depreciated by N57billion. Specifically, at the close of transactions yesterday, the All Share Index (NSE-ASI) shed […]
All through today’s trading session, the all share index fluctuated as usual, as investors bought and sold off shares but the final close was at 0.44%, which is a reversal to Monday’s bearish trend from Tuesday’s bulling run. The shares of energy producer, Total, edged 1.05% higher for the third time this week, to close […]
Predictions that declining yields on securities, coupled with continuing tight conditions in the credit market, would make deposit money banks (DMBs) in the country to increase their focus on other sources of income seem to be coming to pass. Already, seven lenders raked in a total of N244.15 billion as fees and commission income in […]
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