’Femi Asu OVH Energy Limited, an Oando licensee, says it has offered scholarships, through its University Scholarship Scheme, to 19 qualified students from universities within its host communities in the current 2020/2021 academic calendar. The firm said in a statement that it was set to drive educational development and human capacity building through its Corporate […]
Tag: XNSA_OANDO
Market Sentiment Turns Negative as NSEASI Dips by -1.83%
Tuesday January 05, 2021 / 03:48 PM / Proshare MARKETS / Header Image Credit:@NigeriaGov Equities market closed today on a negative note, as NSEASI depreciated by -1.83% to close at 40,396.14 basis points as against +2.18% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +0.31%. Market breadth closed negative as BOCGAS led 15 […]
NSE index down 1.83%, as Oando, FTN Cocoa, May and Baker shed weight
WorldStage Newsonline– Trading on the Nigerian Stock Exchange closed on a negative note, its first loss in the year on Tuesday, as the All-Share Index lost 751.25 points or 1.83 per cent to close at 40,396.14 compared with 41,147.39 achieved on Monday. Specifically, the market capitalisation shed N393 billion or 1.83 per cent to close […]
High cap stocks draw market to first loss, sheds N392.8bn
Equities trading, on Tuesday, took a turn from its northward movement to record first loss in the year 2021 as the All Share Index (ASI) of the Nigerian Stock Exchange (NSE) sheds 1.8 per cent. Precisely, the benchmark index declined by 1.8 per cent to 40,396.14 points. Accordingly, Month-to-Date and Year-to-Date gains moderated to +0.3 […]
Buying interests in Zenith, UBA, InterBrew swing equities market northward in midweek
By Charles Abuede Despite the lull witnessed at the start of the trading session midweek, the bulls picked up momentum favouring stocks in the banking and consumer goods space as the market gained 0.17 per cent on Wednesday. Read Also: On Tuesday the market had witnessed a loss, but it rebounded Wednesday with a positive […]
NSE drops N393bn on renewed profit taking
Specifically, the market capitalisation shed N393 billion or 1.83 per cent to close at N21.122 trillion from N21.515 trillion recorded on Monday. RECOMMENDED ARTICLES Similarly, the All-Share Index lost 751.25 points or 1.83 per cent to close at 40,396.14 compared with 41,147.39 achieved on Monday. The downturn was impacted by losses recorded in medium and […]
Bears stage comeback as selloffs in BuaCem, MTN, Zenith Bank drive market into red
By Charles Abuede Sentiments were dampened in the Nigerian equities market on Tuesday owing to profit-takings on top stocks that posted their biggest wins in the previous year, forcing the local bourse to retreat to a bearish stance on the second trading day of the week and the year. It offered strong indications that the […]
Trading reverses on NSE, closes for Christmas with N2bn loss
Specifically, the market capitalisation which opened at N20.281 trillion lost two billion naira to close at N20.279 trillion. Similarly, the All-Share Index shed 3.73 points or 0.01 per cent to close at 38,800.01 from 38,803.74 recorded on Wednesday. The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Lafarge […]
Nigerian Bourse Maintains Uptrend… ASI advanced further by 1.03%
The Nigerian equities market closed positive today as NSE-ASI gained +1.03%. The All-Share Index (ASI), advanced from its opening index of 39,110.17 points to close at 39,512.31 points. Year to date return and Market capitalization settled at 46.73%, and 20.66trillion. A total volume of 372.9 billion units of shares, valued at N11.5billion exchanged hands in […]
Bulls trump bears as interests in BuaCem, Zenith, Access ramp up market cap to N20.4trn
By Charles Abuede The bulls exerted their dominance over the Nigerian equity market Tuesday with the banking and industrial goods sectors driving the market to gain as stocks climbed higher in their first trading session after the Christmas break. The index was up 0.8 per cent to close at 39,110.17 points. The performance was buoyed […]