The bears returned to the local bourse yesterday pulling, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) down by 0.19 per cent to close at 40,494.35. The market had opened for the week on positive note after two weeks of decline, raising hopes that the bargain hunting could be sustained. However, sell-offs in Stanbic IBTC […]
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 […]
On Friday , 8 January 2021, the Central Bank of Nigeria (CBN) moved to cut over N600 billion in Cash Reserve Requirement (CRR), creating a chaotic scarcity of funds and shortage of foreign exchange in the economy. The latest CRR policy mandates banks to keep 27.5 percent of deposits with the CBN. Recently, the apex […]
Also, the market capitalisation which opened at N21.122 trillion inched higher by N36 billion or 0.17 per cent to close at N21.158 trillion. RECOMMENDED ARTICLES The uptrend was driven by price appreciation in medium and large capitalised stocks, amongst which are Zenith Bank and United Bank for Africa. Others include BOC Gases, Flour Mills and […]
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 […]
The stock market recorded further growth yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.8 per cent to close at 39,110.17, while the market capitalisation added N167.6 billion to close at N20.4 trillion. Although nine stocks appreciated compared with 20 stocks that depreciated, the performance was buoyed by strong demand for the […]
The stock market recorded further growth yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.8 per cent to close at 39,110.17, while the market capitalisation added N167.6 billion to close at N20.4 trillion. Although nine stocks appreciated compared with 20 stocks that depreciated, the performance was buoyed by strong demand for the […]
Nigerian Stocks were fired up at the last trading session of the week cumulatively. The All-Share Index and Market Capitalization appreciated by 7.46% to close the week at 36,804.75 and N19.236 trillion respectively. Investors gained N1.33 trillion. A total turnover of 1.893 billion shares worth N17.647 billion in 20,660 deals was traded this week by […]
By Charles Abuede Market capitalisation increased by N140 billion to N18.6 trillion Read Also: With the equities market continuing to show a bullish trend so far this week, investors believe the current development might lead up to a consolidation phase in subsequent trading days, which could then lead to a temporal reversal at the end […]
The year-to-date (YTD) growth of the Nigerian Stock Exchange (NSE) All-Share Index (ASI) hit 32.2 per cent yesterday on the back of the continued bull run. The market has recorded positive performance in the past three days with the NSE ASI gaining 0.76 per cent to close at 35,493.15. The sustained gains have boosted the […]
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