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 […]
Group Chief Executive Officer of Oando Plc, Mr Adewale Tinubu, has assured shareholders of the company that his team will continue to ensure their (shareholders) interests are always protected. Mr Tinubu gave this assurance at the 41st Annual General Meeting (AGM) of the energy company in Lagos on Friday. In a statement issued by Oando, […]
Oando kept its turnaround flag flying by using a tax credit to overwrite a loss position at the end of half year operations. The company is sustaining the turnaround for the third year running but the core business isn’t yet providing the driving force. Tax credit has taken over from profit from discontinuing operations to […]
The equities market plunged further yesterday as profit taking in bellwether stocks depressed the Nigerian Stock Exchange (NSE) All-Share Index (ASI) below 35,000 mark at 34,663.48. Similarly, market capitalisation shed N220.5 billion to close lower at N12.638 trillion. A total of 22 stocks shed weight compared with only 11 other stocks. The banking counters recorded […]
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