The stock market opened the week on positive note yesterday, raising hopes of recovery after two weeks of decline. The market had depreciated last week by 3.04 per cent following profit-taking and return of investors to fixed income market. However, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.33 per cent to close […]
The stock market opened the week on positive note yesterday, raising hopes of recovery after two weeks of decline. The market had depreciated last week by 3.04 per cent following profit-taking and return of investors to fixed income market. However, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.33 per cent to close […]
On Friday , 8 January 2021, the Central Bank of Nigeria (CBN) moved to cut over N600 billion in Cash Reserve Requirement (CRR), creating a chaotic scarcity of funds and shortage of foreign exchange in the economy. The latest CRR policy mandates banks to keep 27.5 percent of deposits with the CBN. Recently, the apex […]
Following sustained bargain-hunting in the shares of most blue-chip stocks, the Nigerian equity market extended a bullish run to three consecutive sessions, yesterday, as the All-Share Index (ASI) increased further by 0.11 per cent. At the close of transactions Wednesday, the ASI expanded by 45.10 absolute points, or 0.11 per cent increase to close at […]
Building of the Nigerian Stock Exchange (NSE). PHOTO: AYODELE ADENIRAN For four consecutive sessions, sustained bargain hunting in the shares of blue-chip stocks pushed the Nigerian Stock Exchange (NSE) market capitalisation up by N325 billion. At the close of trading yesterday, the All-Share Index (ASI) gained 622.09 absolute points, representing an increase of 1.54 per […]
Goddy Egene The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.54 per cent to close at 40,963.14, while market capitalisation rose by N325.3 […]
Friday, January 15, 2021 / 06:00 AM / By Proshare Research/ Header Image Credit: EcoGraphics Proshare Nigeria Pvt. Ltd. The O&G Business Gambit P rofitability – Priming the Money Pump Revenue The latest result of NDEP shows an increase in earnings and financial position of the group despite instability in the industry which impacted the […]
Johnson Okafor The Nigerian equity market, on Thursday, sustained its positive outlook as the All-Share Index and market capitalisation rose further by 0.3 per cent. However, market breadth closed positive with 27 gainers against 14 decliners. The ASI gained 125.7 basis points or 0.3 per cent to close at 40,590.85 index points as against 40,465.15 […]
Goddy Egene Investors staked N7.51 billion on 2.13 billion shares in 4,558 deals yesterday at the stock market as the bulls continued to dominate trading. The value of trading soared by 755 per cent compared to 249.545 million shares exchanged for N2.184 billion in 6,090 deals the previous day. Champion Breweries Plc was the most […]
By Charles Abuede Persistent buying sentiment aided the positive performance witnessed in Thursday’s session at the Nigerian Stock Exchange, particularly in the oil & gas and banking sectors. At the close of trading, the domestic equities market sustained the previous day’s gain, rising 31 basis points to settle at 40,490.85 points. The positive performance was […]
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