Nigerian stocks jump 0.53 per cent further Thursday as investors’ exuberance for and buy pressure on Stanbic IBTC Holdings shares drove trade, a day after the financial services group announced twin compensations for shareholders. The group on Wednesday announced N3.60 per share final dividend and a bonus issue of one new share for every six […]
Equities market maintains previous day sentiments as the Nigerian Stock Exchange All Share Index was up 0.53 per cent to close at 39,293.14 basis points on Thursday. This bullish moderated the ASI’s Year-to-Date (YtD) return to -2.43 per cent. This outing pegged the market capitalization at N20.558 trillion as investors earned N108 billion on Thursday. […]
Nigerian stock market trading floor brandspur Consequently, the month-to-date and year-to-date losses moderated to 1.3 per cent and 2.4 per cent, respectively. Stock market gain was driven by price appreciation in large and medium capitalised stocks. The include Stanbic IBTC Holdings, MTN Nigeria Communications (MTNN), GlaxoSmithKline Consumer Nigeria, UPDC Real Estate Investment Trust and Lafarge […]
Nigerian stocks retreated by 1.37 per cent on Friday, obliterating the feeble gain recorded at the session before as a number of big-cap stocks like MTN, Dangote Cement and BUA Cement took a hit from profit-taking efforts. The industrial goods index was the worst hit of the five sectorial indices, dipping by 4.40 per cent […]
Charles Abuede The Nigerian Equities Market started the new week on a bearish note, with traders and investors alike coming back from the short Easter break to extend the persistent bearish run the market has been experiencing into the fourth trading session as investors lost N78.5 billion on the first trading day in April. The […]
Nigerian stocks were up by 0.07 per cent on Thursday, extending gains reported at the previous trading session in an advance led by Zenith, GTB and Access Bank , three of Nigeria’s five biggest banks by asset commonly known by the acronym, FUGAZ. That easily pushed the banking index to the forefront of performance of […]
Charles Abuede The domestic stock market extended the bullish sentiment on Thursday as the All-Share Index rose 0.07 per cent to settle at 38,799.83 points due to buying interest in Zenith Bank (+3.8%), GTBank (+2.7%) and Access Bank (+1.9%). Consequently, market year to date loss at -3.7 per cent was sustained and market capitalisation appreciated […]
Charles Abuede The local bourse continued in its staggering movement on Wednesday due to selling pressures in MTN Nigeria (-2.9%), Access Bank (-3.6%), and Stanbic IBTC (-1.0%) which dragged the All-Share Index lower by 0.57 per cent to settle at 39,045.13 points. As a result, the market year to date loss worsened to -3.0 per […]
Charles Abuede The mood in the market was mildly negative on Wednesday, underpinned by sell pressures in the banking space. Retreating from Tuesday’s gains, the local bourse finished the day slightly lower, indicating a 0.04 per cent drop in the NSE-ASI to 38,706.13 points following sell-offs across GUARANTY (-1.8%), FBNH (-1.4%), and MANSARD (-5.1%). Accordingly, […]
Charles Abuede The equities market remains depressed in the first trading sessions of the week as selloffs across top counters persist due to price depreciation in GTBank (-2.6%), Nigerian Breweries (-5.3%) and International Breweries (-3.8%) which dragged down the benchmark index by 0.22 per cent to 38,561.84 points. Consequently, the market year to date loss […]
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