By Sopuruchi Onwuka Indigenous energy group, OandoPlc, which is trimming down from rapid bloat, has identified two core business areas that would sustain profitability, aid rapid recovery and lead growth in the medium to long term. Group Chief Executive, Mr. Wale Tinubu, is quoted by secondary sources as saying that the company’s exploration and production […]
Lagos — The bulls resurfaced in the equities market, at the close of trading at the Nigeria Stock Exchange ( NSE) with the All Share Index (ASI) closing higher by 1.57% to 35,206.16 points, as investors hunted bargains in DANGCEM shares. Consequently, the Month-to-Date and Year-to-Date losses moderated to -4.89% and -7.94%, respectively. The Industrial […]
Half-year earnings releases by listed companies on the Nigerian Stock Exchange have failed to impress investors, as the local bourse, Wednesday, recorded bearish sentiments for the fourth consecutive trading session. A review of equities trading activities showed the benchmark index, the Nigerian Stock Exchange All Share Index (NSEASI), shedding 0.09 percent to settle at 36,299.82 […]
nigeria stock exchange The nation’s equity market has sustained negative trend as anxiety in the political environment continues to mount pressure business activities ahead of 2019 election. Specifically, Market Capitalisation of listed equities depreciated by N13 billion or 0.09 per cent to N13.249 trillion from N13.261 trillion reported the previous day. The NSE All Share […]
Following the two-day holiday declared by the Federal Government to celebrate this year’s Eid-El-Kabir, the stock market resumed on Thursday on a positive note as equities investors gained N198 billion. The domestic bourse had recorded a bearish performance on Monday as the market capitalisation shed N219 billion to close at N12.66 trillion before the holiday. […]
• Investors enjoined to trade cautiously in near term Following price gains recorded by major highly capitalised stocks, especially Dangote Cement, and Guaranty Trust Bank (GTB), transactions on the equity sector of the Nigerian Stock Exchange (NSE), reopened in an upbeat after the two days holiday to mark the Eid-el Kabir celebration yesterday.Market capitalisation rose […]
Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org] Transactions reopened on the Nigerian Stock Exchange (NSE) on Thursday after the two-day public holiday to mark Eid-El-Kabir celebration with a growth of 1.57 per cent. Specifically, the All-Share Index which opened at 34,663.48 rose by 542.68 points or 1.57 per cent to close at 35,206.16 compared with […]
Economic activities in the country could witness a further uptick in the last quarter of the year as crude oil exports are forecast to hit a 5 month high of 1.73 million barrels per day in October . Increased crude oil imports impact the economy in the following ways. Foreign reserves Increased crude oil sales […]
At the close of equities trading on the Nigerian Stock Exchange (NSE) yesterday, the All-Share Index (ASI) declined by 0.09 per cent amid sustained sell pressure. The NSE-ASI shed 33.98 absolute points, representing a decline of 0.09 per cent to close at 36,299.82 points, while year-to-date loss worsened to 5.08 per cent, lowest since October […]
By Modupe Gbadeyanka For the third consecutive session, transactions at the nation’s bourse ended on a negative note on Wednesday, closing 0.09 percent lower to sink the Year-to-Date (YtD) returns deeper to -5.08 percent. The loss recorded during the mid-week trade was mainly attributed to the poor performance of the banking and the oil and […]
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