The bears sustained hold on the equities sector of the Nigerian Stock Exchange (NSE) yesterday, as more blue-chip stocks depreciated in price, especially Wema Bank and Presco, causing the All-Share Index to decline further by 0.01 per cent. Specifically, the All-Share Index shed 3.46 absolute points, representing a dip of 0.01 per cent to close […]
Tag: XNSA_HMARKINS
Sterling Bank Joins NSE-30 Index as Ecobank Exits NSE Pension Index
By Dipo Olowookere Authorities of the Nigerian Stock Exchange (NSE) have announced the review of composition of its market indices, with some publicly quoted companies exiting and joining various indexes. In a statement, the stock exchange management said the NSE-30, and its eight sectoral indices; NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Industrial, NSE […]
Stock Market Dips Further on Continuing Profit Taking in Bellwethers
The stock market fell further yesterday following losses by bellwether counters. Consequently, the Nigerian Stock Exchange All-Share Index (NSE ASI) that hit a-15 month low on Monday, went down further by another 0.48 per cent to close lower at 33,449.17, while market capitalisation shed N59.3 billion to close at N12.2 trillion. However, the decline in […]
Market Rebounds on Increased Buying Interest in Banking Stocks
Goddy Egene The stock market rebounded yesterday as the Nigerian Stock Exchange All-Share Index (NSE ASI) rose 0.28 per cent to close at 34,933.68 after opening the month on a negative note the previous day. Similarly, market capitalisation added N36.1 billion to close at 12.8 trillion. Buying interest in banking stocks such as Zenith Bank […]
Equities Market Begins September Flat As ASI Down By 0.03%
Trading on the Nigerian equities market began the month of September on a slightly negative note as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) declined by 0.03 per cent, yesterday. NSE-ASI shed 10.95 absolute points, representing a decline of 0.03 per cent to close at 34,837.50 points. Also, the market capitalisation declined by N4 billion […]
Stock market opens September with N4b losses
Nigerian Stock Exchange Equity transactions on the floor of the Nigeria Stock Exchange (NSE), reopened September trading on a downward note yesterday, as most highly capitalised stocks recorded price depreciation, causing market capitalisation to plunge by N4 billion. Yesterday, the All-Share Index (NSE-ASI) declined by 10.95 absolute points, representing a decline of 0.03 per cent […]
NSE’s All-share index appreciates by 0.6 per cent
Nigerian Stock Exchange It was a quick reversal of Monday’s negative sentiments yesterday, following price gains recorded by most blue-chip stocks, the Nigerian equity market as the all-share index appreciated by 0.6 per cent. The improved performance was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Total Nigeria, Flourmills Nigeria, […]
Total Nigeria, 32 Others Lift Equities Market by 0.58%
By Dipo Olowookere Gains recorded by 33 counters led by Total Nigeria Plc on Tuesday reversed the loss posted on Monday by the stock market. The Nigerian Stock Exchange (NSE) had closed 0.32 percent lower yesterday, but buying interest by investors today lifted the market, closing 0.58 percent higher at the close of transactions. A […]
Equities Market Opens Week Bearish on Losses by Bellwethers
Trading floor of the Nigeria Stock Exchange The Nigerian equities market started the week on a bearish note following losses by bellwether stocks such as Dangote Cement Plc, Nigerian Breweries Plc, GTBankPlc, FBN Holdings Plc. The benchmark index, the Nigerian Stock Exchange (NSE) All-Share Index declined by 0.06 per cent to close at 36,479.42, while […]
Stock market investors lose N11billion on trading floor
Brokers on the floor of Nigerian Stock Exchange in Lagos. Continued share price depreciation on the equity sector of the Nigerian Stock Exchange (NSE), yesterday pulled the market capitalisation further down by N110 billion. At the close of trading yesterday, All-Share Index (NSE-ASI) shed 303.16 absolute points, representing a decline of 0.81 per cent to […]