Nigerian stocks posted further loss on Thursday as the benchmark index tapered by 0.81 per cent as big-cap equities like MTNN and Dangote Cement contributed most to the slide. The industrial index, the only one to fall of the five sectorial indices tracked by the bourse, dipped 1.19 per cent on account of depreciation recorded […]
Nigerian stocks climbed for the fifth straight session on Thursday, this time by as little as 0.01 per cent, aided by modest gains recorded by PZ Cussons, UACN and UBA, with liquidity easing by 5 per cent. Also backing gains, the oil and gas index was up 0.21 per cent to close at 265.65 points, […]
Pulse Nigeria Specifically, the All-Share Index declined by 221.98 points or 0.57 per cent to close at 39,045.13, compared with 39,267.11 posted on Tuesday. Also, the market capitalisation dropped by N116 billion, closing at N20.428 trillion, from N20.544 trillion. The market loss was driven by price depreciation in large and medium capitalised stocks, amongst which […]
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 […]
[FILES] The reception area at the Nigerian Stock Exchange in Lagos, Nigeria. PHOTO: Ruth McDowell/ 2019 Bloomberg Finance As Onyema ends tenure as NSE’s CEO Following losses by most blue-chip stocks, the Nigerian Stock Exchange (NSE) sustained a sliding profile at the opening of the week yesterday, leading to a fall in market capitalisation by […]
The total volume of trades declined by 6.19 per cent [Reuters/Akintunde Akinleye] Specifically, the All-Share Index lost 150.13 points or 0.39 per cent to close 38,766.61 compared with 38,916.74 achieved on Thursday. RECOMMENDED ARTICLES Also, the market capitalisation lost N78 billion to close at N20.283 trillion from N20.361 trillion achieved on Thursday. The market loss […]
The Nigerian shed N67.178 billion or 0.33 per cent Thursday, following investors’ efforts to recoup gain yielded by bank shares in a rout that worsened the current bear run in the market. The pressure to sell weighed more on GTB, Zenith and Stanbic IBTC than other stocks on the bourse, dragging the banking index down […]
Nigerian stocks slipped for fourth straight trading day Tuesday by 0.39 per cent, in a rout led by blue-chip bank stocks as there were no hints yet as to when the gloomy climate over a market that lost N624 billion in the year to March would end. Yields in the fixed income market are healing […]
Nigerian Stock Exchange NSE: Market Resumes From Easter Holidays With N78bn Loss The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due to persistent bearish trend, the News Agency of Nigeria reports. Specifically, the All-Share Index lost 150.13 points or 0.39 per cent to close […]
Charles Abuede The local bourse continued in its staggering movement on Wednesday due to selling pressures in MTN Nigeria (-2.9%), Access Bank (-3.6%), and Stanbic IBTC (-1.0%) which dragged the All-Share Index lower by 0.57 per cent to settle at 39,045.13 points. As a result, the market year to date loss worsened to -3.0 per […]
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