The Nigerian stocks market yesterday shed N15 billion as bearish run persisted on sustained profit taking. The All Share Index (ASI) shed 41.48 absolute points, representing a decline of 0.13 per cent, to close at 31,040.84 points. Similarly, market capitalisation lost N15 billion, to close at N11.576 trillion. The downturn was impacted by losses recorded […]
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 […]
FCMB Plc has taken steps to widen its non-banking operations, and they are slowly beginning to yield returns. FCMB is Nairametrics stock pick for the week. About the company FCMB was established in 1982, as a merchant bank, but began operations in August 1983. The bank was given a universal banking licence in 2000 and […]
Nigerian Stock Exchange Market Capitalisation Drops By N458bn In 19days The market capitalisation of equities listed on the Nigerian Stock Exchange declined by N458bn within 19 days of trading. The market capitalisation dropped from N13.391tn on August 2, 2018 to N12.933tn on August 24. It appreciated by 0.45 per cent last week. The NSE All-Share […]
Feyisayo Popoola The market capitalisation of equities listed on the Nigerian Stock Exchange declined by N458bn within 19 days of trading. The market capitalisation dropped from N13.391tn on August 2, 2018 to N12.933tn on August 24. It appreciated by 0.45 per cent last week. The NSE All-Share Index also increased by 0.45 per cent to […]
The equities market plunged further yesterday as profit taking in bellwether stocks depressed the Nigerian Stock Exchange (NSE) All-Share Index (ASI) below 35,000 mark at 34,663.48. Similarly, market capitalisation shed N220.5 billion to close lower at N12.638 trillion. A total of 22 stocks shed weight compared with only 11 other stocks. The banking counters recorded […]
stock exchange market complex, Lagos Investors in Nigeria’s stock market lost a total of N220bn on Monday due to the losses recorded by 22 companies listed on the Nigerian Stock Exchange (NSE). The Stock Exchange All-Share Index fell by 1.71 per cent to close at 34,663.48 basis points while the market capitalisation of listed equities […]
Feyisayo Popoola Investors in the nation’s stock market lost a total of N220bn on Monday due to the losses recorded by 22 firms listed on the Nigerian Stock Exchange. The NSE All-Share Index fell by 1.71 per cent to close at 34,663.48 basis points while the market capitalisation of listed equities dropped to N12.654tn from […]
11 Deposit Money Banks (DMB’s) listed on the Nigerian Stock Exchange (NSE) have reported a total of N64.557 billion in taxes for the first half of the year, 2018. The banks include Zenith Bank, Guaranty Trust Bank, Ecobank Transnational Corporation (ETI), Stanbic IBTC Group, FBN Holdings, FCMB Group and Diamond Bank. The figure represents a […]
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