Amidst the ravaging bears that has pushed the equities market to a 15-month low on Monday, analysts at Afrinvest West Africa have unveiled some stocks that have upside potential to fetch investors significant capital growth. The stocks are in the banking, consumer goods and industrial goods sectors. In the banking sector, for instance, the said […]
Tag: XNSA_NB
NSE-ASI Extends Losing Streak To 5-Sessions, Sheds 0.48%
The Nigerian Stock Exchange (NSE) All – Share- Index (NSE-ASI), yesterday, extended losing streak for the fifth consecutive trading days by 0.48 per cent amid sustained profit taking activity. In summary, the ASI shed 162.52 absolute points, representing a decline of 0.48 per cent to close at 33,449.17 points. Also, the market capitalisation declined by […]
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 […]
Nigerian stocks down 1.5% as investors book profit in bellwethers
Investors at Nigeria’s equities market embarked on profit-taking in bellwethers Wednesday, dragging the benchmark index, the NSEASI 1.5 percent lower to close at 34,414.37 points. The investors booked profit in DANGCEM (-3.0%), ZENITH (+2.3%), GUARANTY (+1.5%) and SEPLAT (-7.3%) worsening the year-to-date losses to -10.0 percent while market capitalization decreased by N190.5 billion to N12.6 […]
Zenith, GTB, UBA drive Nigerian stock market index up 0.30% higher
The lead indicator of the Nigerian equities market, the All-share Index closed 0.30 percent higher to settle at 34,933.68 points on Tuesday as a result of sustained buying interest in banking stocks – ZENITH (+2.3%), GUARANTY (+1.5%) and UBA (+1.9%). Market capitalization also increased by N36.1 billion to reach N12.8 trillion, while year-to-date losses improved […]
Nigerian stocks close negative, NSEASI falls 0.03%
Nigeria’s equities market began the trading week on a slightly negative note as the All Share Index (ASI) declined 0.03 percent to 34,837.67 points. Consequently, year-to-date loss stood at -8.9 percent while N3.9 billion was wiped off market capitalization which decreased to N12.7 trillion. Price appreciation in bellwethers – ZENITH (+1.7%), GUARANTY (+1.4%) and DANGCEM […]
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 […]
AIICO Insurance maintains upswing as ASI drops 0.03%
Nigerian Stock Exchange The Nigerian Stock Exchange ended the first trading day in September on a bearish note. The All Share Index closed at 0.03%. Year to date, the index is down 8.91%. Top Gainers and Losers Hallmark Insurance Plc led the top gainers as the stock appreciated by 105 to close at N0.90. Continental […]
OkomuOil leads capital market gain as indices appreciate by 0.27%
Trading on the Nigerian Stock Exchange closed on a positive note on Tuesday, with OkomuOil leading the gainers’ table for the day. The News Agency of Nigeria reports that the crucial market indicators appreciated marginally by 0.27 per cent. Market observers attributed the growth to the price gains made by some blue chips, which they […]
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 […]