The Nigerian equities market yesterday closed transactions on a negative sentiment to halt the bullish sentiment of two consecutive trading sessions at the close of trade last Friday, as investors lost N51.03billion. The downturn was buoyed by investors’ sell-sentiment on the Insurance and Industrial Goods sector. In summary, the Nigerian Exchange Limited (NGX) All-Share Index […]
Nigeria’s Stock Exchange Remains in Bears’ Zone with 0.01% Loss By Dipo Olowookere It was another day in the bears’ territory for Nigeria’s stock exchange on Tuesday as it marginally depreciated by 0.01 per cent at the close of transactions. Mild profit-taking in Zenith Bank, Access Bank, Axa Mansard and 12 other equities contributed to […]
Nigerian Exchange Group (NGX) The Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses incurred by most blue-chip stocks, especially by Champion Breweries and Eterna Plc, as market capitalisation depreciated by N83 billion. The All-share index slumped by 158.98 points to 39,326.67 from 39,485.65 posted on Friday. Similarly, market capitalisation of […]
Darasimi Adebisi The Nigerian equities market yesterday closed transactions on a negative sentiment to halt the bullish sentiment of two consecutive trading sessions at the close of trade last Friday, as investors lost N51.03billion. The downturn was buoyed by investors’ sell-sentiment on the Insurance and Industrial Goods sector. In summary, the Nigerian Exchange Limited (NGX) […]
The sentiment was positive on African equity markets this week. Among the 17 markets we cover, twelve advanced while four retreated, and one remained flat. The Namibian Exchange led the performance charts as equities in Windhoek jumped 4.21%. Conversely, the Dar Es Salaam Stock Exchange, last week’s top performer, was the laggard. Tanzanian equities dropped […]
Negative sentiments continued on the nation’s bourse on Wednesday with the market capitlisation dropping further by N6 billion following sell pressure of some blue chips. Speficially, the market capitalisation lost N6 billion or 0.03 per cent to close at N20.210 trillion compared with N20.216 trillion achieved on Tuesday. In the same vein, the All-Share Index […]
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 […]
Nigerian equities expanded by 0.71 per cent on Wednesday, extending the gain recorded at the previous session in an advance dominated by blue-chip consumer goods shares. Food giant Nestle , Vitafoam, Flour Mills, Unilever and Honeywell Flour contributed hugely to the run. Market breadth was negative as 20 gainers emerged against 16 laggards. The all-share […]
Capital market. Photo: SHUTTERSTOCK The capital market closed trading for the First Half (H1) yesterday, in an upbeat as price gains outweighed losses, leading to an appreciation in the market capitalisation by N139 billion. At the close of trading, the all-share index (ASI) grew by 266.53 absolute points, representing an increase of 0.71 per cent […]
Still facing a bout of profit-taking, this time on a muted level, Nigerian stocks saw mixed fortunes of rising and falling in the week that just went by, with the benchmark index depreciating on Monday, Tuesday and Thursday, while ascending on the remaining two weekdays. With the earnings season is already here, few corporations issued […]
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