Nigerian stocks fell a little on Thursday, trading down 0.02 per cent as sell-offs in the shares of GTCO and Oando helped set in motion a loss in the sum of N4 billion. The development followed two straight days of gain by the bourse, which has now fallen by 5.89 per cent so far this […]
The market loss was driven by price depreciation in large and medium capitalised stocks [Reuters/Akintunde Akinleye] Specifically, the market capitalisation which opened at N19.626 trillion lost N34 billion to close at N19.592 trillion. Also, the NGX All-Share Index dropped by 73.01 points or 0.19 per cent to close at 37,585.25, from 37,658.26 achieved on Friday. […]
Stock Exchange Bears’ dominance has remained unabated on the Nigerian Exchange Limited (NGX), as more bluechip stocks recorded price depreciation, causing the All-Share Index (ASI) to drop further by 0.19 per cent. Yesterday, the ASI dropped by 73.01 absolute point, representing a decline of 0.19 per cent to close at 37,585.25 points while the overall […]
Nigerian equities rose a little higher by 0.09 per cent on Friday, helped by gains by bank stocks and palm oil maker Presco in a trading session, which marked the bourse’ third straight gain. The banking index recorded the fastest progress of the five sector indexes tracked by the Nigerian Exchange as it expanded 0.44 […]
Nigerian stocks reported another loss on Wednesday as the benchmark index toppled 1.48 per cent, with bellwethers – Airtel and Zenith Bank – steering the move to the negative territory. It marked the third successive day of loss, with the size of trade contracting by as much as 25 per cent, raising fears that the […]
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 […]
[FILES] The reception area at the Nigerian Stock Exchange in Lagos, Nigeria. PHOTO: Ruth McDowell/ 2019 Bloomberg Finance As Onyema ends tenure as NSE’s CEO Following losses by most blue-chip stocks, the Nigerian Stock Exchange (NSE) sustained a sliding profile at the opening of the week yesterday, leading to a fall in market capitalisation by […]
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 […]
Nigerian stocks saw a comeback from a four-day bear run on Wednesday after a spike of interest in the telco, MTN, and food companies, Nestle and Flour Mills, lifted the benchmark index by 0.02 per cent. But there are concerns as to how far the feeble growth could carry a market that has shed N769.976 […]
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