NSE Daily Market Summary Losses on the Nigerian Stock Exchange slowed in today’s trading after yesterday’s plunge . TheAll-Sharee Index closed at 32,022.23 basis points, down 0.84%. Year to date, the exchange is down 16.27% and is the worst performing in Africa. Top Gainers and Losers Skye Bank was the best performing stock in today’s […]
Feyisayo Popoola The nation’s equities market recorded its highest daily loss in eight months at the close of trading on the floor of the Nigerian Stock Exchange on Wednesday. Sell-offs drove the NSE All Share Index lower by a record 3.5 per cent to close at 32,292.79 basis points. The market capitalisation of listed equities […]
The Nigerian Stock Exchange (NSE) All – Share- Index (NSE-ASI), yesterday, extended losing streak for the fifth consecutive trading days by 0.48 per cent amid sustained profit taking activity. In summary, the ASI shed 162.52 absolute points, representing a decline of 0.48 per cent to close at 33,449.17 points. Also, the market capitalisation declined by […]
Following an improvement in their asset quality as well as the increased foreign currency liquidity in the banking sector, Nigerian banks may soon resume their strategic expansion into some African countries to diversify their operations and tap into opportunities in those countries. The Vice President, Banking, Sub-Saharan Africa at Moody’s Investors Service, Mr. Akintunde Majekodunmi, […]
Reuters LAGOS, Sept 10 (Reuters) – Nigerian stocks fell to their lowest point in almost 14 months on Monday after investors sold banking and consumer goods shares. The main share index fell 1.25 percent to close at 33,611 points. "Today’s market performance reflects investors’ bearish outlook on the market as political risks remain heightened in […]
Following an improvement in their asset quality as well as the increased foreign currency liquidity in the banking sector, Nigerian banks may soon resume their strategic expansion into some African countries to diversify their operations and tap into opportunities in those countries. The Vice President, Banking, Sub-Saharan Africa at Moody’s Investors Service, Mr. Akintunde Majekodunmi, […]
Trading in the shares of United Bank for Africa (UBA), Guaranty Trust Bank (GTBank) and Stanbic IBTC Bank Plc, accounted for N7 billion deals, at the end of last week’s transactions on the equity sector of the Nigerian Stock Exchange (NSE). The figure, recorded by the three banks, consequently, buoyed transactions in the financial sector, […]
There are indications that the sluggish economic environment may have taken a toll on tier-1 banks forcing their aggregate topline figures into negative position in the first half of 2018, H1’18. The banks, namely First Bank of Nigeria Plc, United Bank for Africa Plc, Zenith Bank Plc, Guaranty Trust Bank Plc and Access Bank Plc […]
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 […]
Billionaire’s watch is a weekly column where we look at happenings around billionaire investors on the Nigerian Stock Exchange (NSE) Last week’s release of H1 2018 results by Access Bank Plc and UBA Plc completes the results by the FUGAZ Banks. (FUGAZ stands for FBN Holdings, UBA Plc, Guaranty Trust Bank, Access Bank and Zenith […]
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