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 […]
By Obas Esiedesa Two years after it imposed sanctions on Oando Plc, the Securities and Exchange Commission, SEC, on Monday said it has reached a settlement over with the indigenous oil company “in the overriding interest of the shareholders of the company and the capital market”. The Commission in a Circular released in Abuja and […]
The Nigerian Exchange (NGX) closed trading on Friday with a growth of N42 billion due to renewed confidence. Speficially, the market capitalisation inched higher by N42 billion or 0.21 per cent to close at N19.771 trillion from N19.729 trillion recorded on Thursday. Also, the All-Share Index, which opened at 37,866.90 rose by 80.28 points or […]
Nigeria’s stock exchange market closed today’s trading session posting gains that increased the index by +80.28 points. The All-Share Index increased by +0.21% closing at 37,947.18 from 37,866.90 index points. • The stock exchange market value currently stands at N19.78 trillion. Its Year-to-Date (YTD) returns currently stands at -5.77%. • The market breadth closed positive […]
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