Profit-takingPersist as Stock Market Open Week on Negative Note

Profit-takingPersist as Stock Market Open Week on Negative Note

Darasimi Adebisi The Nigerian equities market yesterday closed transactions for the first day in the new week on a negative note. The price depreciation was due to investors’ profit-taking sentiments in all the major indices except the consumer goods and banking indices. Consequently, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) dropped by 6.16 basis […]

Investors’ wealth dips further by N25b in bearish trading

Investors’ wealth dips further by N25b in bearish trading

Nigerian Exchange Group (NGX) Following sustained sell-off in the shares of most highly capitalised stocks, the Nigeria Exchange Limited (NGX), extended losses to three consecutive trading sessions yesterday, as investors’ wealth depreciated further by N25 billion. At the close of trading yesterday, the All-Share Index (ASI), dipped by 46.77 absolute points, representing a decline of […]

Market Sheds 0.02% as SCOA Nigeria Leads Losers’ Chart

Market Sheds 0.02% as SCOA Nigeria Leads Losers’ Chart

Market Sheds 0.02% as SCOA Nigeria Leads Losers’ Chart By Dipo Olowookere Sustained profit-taking weakened the Nigerian Exchange (NGX) Limited by 0.02 per cent on Monday, leaving the All-Share Index (ASI) down by 6.16 points to 38,915.62 points from 38,921.78 points. Also, the selling pressure further depleted the market capitalisation yesterday by N3 billion to […]

Loses in Chams, International Breweries Drives Stock Market Lower

Loses in Chams, International Breweries Drives Stock Market Lower

Eromosele Abiodun The Nigerian equities market closed lower at the close of trading yesterday as the Nigerian Exchange Limited (NGX) All-Share Index or ASI, which sjows the direction of the market decreased by 0.12 per cent to close at 39,204.52pts. Yesterday’s performance was mainly due to the losses recorded in SCOA Nigeria Plc (-9.72%), VERITASKAP […]

Equities lose momentum as capitalisation depreciates by N1bn

Equities lose momentum as capitalisation depreciates by N1bn

The Nigerian equities market sustained a sliding profile yesterday, occasioned by losses in many blue-chip stocks, especially, Cornerstone Insurance and Universal Insurance, causing market capitalisation to depreciate further by N1 billion. However, the volume of activities increased by 144.981 million as investors traded 355.935 million shares valued at N2.871 billion in 4241 deals against 210.954 […]

NGX reverses gains as Eterna, 16 others drag capitalisation by N30bn

NGX reverses gains as Eterna, 16 others drag capitalisation by N30bn

Nigerian Exchange Group (NGX) Transactions on the floor of Nigerian Exchange Limited (NGX) reversed gains to close on a downturn yesterday as losses in the shares of Eterna, and 16 others dragged market capitalisation by N30 billion. Specifically, at the close of trading yesterday, the All-Share Index (ASI) depreciated by 57.03 absolute points, representing a […]

Nigerian Stocks Sink Further Amid Sell-Off of Big-Cap Bank Shares

Nigerian Stocks Sink Further Amid Sell-Off of Big-Cap Bank Shares

<i>The all-share index slipped 46.77 basis points to 39,204.54, while market capitalisation fell to N20.4 trillion.</sub> Nigerian stocks contracted for the third straight day on Wednesday as the benchmark index shed 0.12 per cent in a trade that saw investors take a risk-off disposition to bank shares. The slide principally resulted from losses recorded by […]