The Nigerian equities market yesterday closed transaction on a negative note by shedding N25 billion to halt the five consecutive days gaining streak, as the Central Bank of Nigeria (CBN) held all policy parameters unchanged. The downturn was due to investors’ sell-off sentiment in some bellwether stocks, as the market awaits the release of more […]
The Nigerian equities market closed mildly negative on Tuesday after recording a bearish outing in the previous trading session, leaving the benchmark index down by 0.002 percent on 37,857.24 points while market capitalisation and its year to date loss remain unchanged at N19.72 trillion and -6.0 percent, respectively. Just as was recorded at the opening […]
Nigerian stocks rebounded on Monday with a 0.89 per cent after a largely bearish week as investors adopted a risk-on approach despite the possibility that the central bank’s monetary policy committee meeting, which will be completed Tuesday, will raise the benchmark interest in a bid to arrest Nigeria’s runaway inflation which touched 17.33 per cent […]
Charles Abuede The Nigerian Equities Market started the new week on a bearish note, with traders and investors alike coming back from the short Easter break to extend the persistent bearish run the market has been experiencing into the fourth trading session as investors lost N78.5 billion on the first trading day in April. The […]
Charles Abuede The domestic stock market extended the bullish sentiment on Thursday as the All-Share Index rose 0.07 per cent to settle at 38,799.83 points due to buying interest in Zenith Bank (+3.8%), GTBank (+2.7%) and Access Bank (+1.9%). Consequently, market year to date loss at -3.7 per cent was sustained and market capitalisation appreciated […]
Our Reporter Kogi State Government has restructured its sub-national bonds to extend the maturity date of the two bonds by three years. The government restructured its Kogi State N5 billion Series I 15 per cent Fixed Rate Bond and N3 billion Series II 17 per cent Fixed Rate Bond under the state’s N20 billion debt […]
Charles Abuede The equities market remains depressed in the first trading sessions of the week as selloffs across top counters persist due to price depreciation in GTBank (-2.6%), Nigerian Breweries (-5.3%) and International Breweries (-3.8%) which dragged down the benchmark index by 0.22 per cent to 38,561.84 points. Consequently, the market year to date loss […]
Market sentiment was positive with 28 gainers in contrast with 24 losers [Reuters/Akintunde Akinleye] Reuters Trading on the nation’s bourse resumed on Monday on a positive note, following investors’ interest in shares of Zenith Bank, International Breweries (IB) and Flourmill. Specifically, the All-Share Index rose by 30.56 points or 0.08 per cent to close at […]
By Charles Abuede Despite the lull witnessed at the start of the trading session midweek, the bulls picked up momentum favouring stocks in the banking and consumer goods space as the market gained 0.17 per cent on Wednesday. Read Also: On Tuesday the market had witnessed a loss, but it rebounded Wednesday with a positive […]
Nigerian Stock Exchange Equity Market Gains N214bn On Blue Chip Firms Equity trading on the floor of the Nigerian Stock Exchange on Wednesday closed on the positive note with a gain of N214bn as the bulls sustained grip on trading activities. The market performance indices, the NSE ASI appreciated by 1.03 per cent with market […]
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