Nigeria stock market dips N38bn amid blue chips loss

Nigeria stock market dips N38bn amid blue chips loss

Specifically, the market capitalisation shed N38 billion or 0.21 per cent to close at N18.327 trillion from N18.365 trillion achieved on Friday. Also, the All-Share Index which opened at 35,137.99 lost 73.63 points to close at 35,064.36. Consequently, month-to-date and year-to-date gains moderated to 0.1 per cent and 30.6 per cent, respectively. The downtrend was […]

Capitalisation hits N20tr as investors gain N476b in a day

Capitalisation hits N20tr as investors gain N476b in a day

Nigerian Stock Exchange (NSE) The market capitalisation of the Nigerian Stock Exchange (NSE) hit N20 trillion at the end of transactions yesterday, as sentiments remained upbeat for the eight successive sessions. At the close of trading, the overall market capitalisation appreciated by N476 billion to close at N20.281 trillion. Similarly, the All-Share Index (ASI) gained […]

Airtel, BOCGAS, BUACEMENT lift Nigerian Stocks value to N20.3 trillion

Airtel, BOCGAS, BUACEMENT lift Nigerian Stocks value to N20.3 trillion

The Nigerian Stock market was all fired up at Wednesday’s trading session. The All Share index gained 2.40% to close at 38,803.74 index points as against +1.20% appreciation recorded on Tuesday. Its Year-to-Date (YTD) returns currently stands at +44.56%. Nigerian Stock Exchange market value now stands at N20.281 trillion. Nigerian trading turnover ended also on […]

Profit-taking persists as investors wealth plunge further by N278b

Profit-taking persists as investors wealth plunge further by N278b

Transactions on the equities sector of the Nigerian Stock Exchange (NSE), continued southward for the third successive sessions, as investors wealth plunged by N278 billion The All-Share Index (ASI) lost 531.25 absolute points or 1.53 per cent to close at 34,242.83 points. Similarly, the overall market capitalisation value also shed N278 billion to close at […]

NSE market capitalisation ups 0.8% with Total, Eterna, UACN as top gainers

NSE market capitalisation ups 0.8% with Total, Eterna, UACN as top gainers

WorldStage Newsonline– The Nigerian Stock Exchange (NSE) market capitalisation crossed N14 trillion mark on the last trading day of September due to sustained confidence. Speficially, the market capitalisation on Wednesday rose by N118 billion or 0.84 per cent to close at N14.025 trillion against N13.907 trillion achieved on Tuesday. The increase in the market capitalisation […]

Heineken scoops more Nigerian Breweries shares in insider disclosure

Heineken scoops more Nigerian Breweries shares in insider disclosure

Nigerian Breweries major shareholder, Heineken disclosed it purchased 274,542 units at an average price N35.76 per unit. Insider disclosures are reported on the Nigerian Stock Exchange as a regulatory requirement especially when it informs a major shareholder or director of a company purchasing shares in the company they own. In a related development, its chairman […]

Nigerian Capital Market - Pandemic, Performance and Palliative

Nigerian Capital Market – Pandemic, Performance and Palliative

Across the world, the impact of the novel coronavirus is still severe despite the ease of lockdown for economic reasons. The uncertainty continues to heighten and no economy is spared from the fall-out from the COVID-19 outbreak. Many African capital markets are bearish: Namibia, South Africa, Mauritius, Egypt, Morocco, Kenya, Ghana, Malawi and a few […]