Weekly Economic Index: Decline in the total turn over of shares at the stock market

Weekly Economic Index: Decline in the total turn over of shares at the stock market

The last week of December 2020 was another brief trading week as the federal government of Nigeria declared Monday, 28th December 2020 and Friday, 1st January 2021 as Public Holidays to celebrate Boxing day and the New Year respectively. Meanwhile, a total turnover of 1.806 billion shares worth N25.966 billion in 14,634 deals was traded […]

All-Share Index Rises 0.8% as Market Sustains Positive Momentum

All-Share Index Rises 0.8% as Market Sustains Positive Momentum

The stock market recorded further growth yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.8 per cent to close at 39,110.17, while the market capitalisation added N167.6 billion to close at N20.4 trillion. Although nine stocks appreciated compared with 20 stocks that depreciated, the performance was buoyed by strong demand for the […]

NSE Reopens Trading With N167bn Gain After Christmas Holidays

NSE Reopens Trading With N167bn Gain After Christmas Holidays

Stock Market NSE Reopens Trading With N167bn Gain After Christmas Holidays The Nigerian Stock Exchange reopened trading on Tuesday after the holidays to mark Christmas and Boxing Day celebrations with the All-Share Index crossing 39,000 mark. Specifically, the All-Share Index which opened at 38,800.01 inched higher by 310.16 points or 0.80 per cent to close […]

Nigeria: All-Share Index Rises 0.8% As Market Sustains Positive Momentum

Nigeria: All-Share Index Rises 0.8% As Market Sustains Positive Momentum

The stock market recorded further growth yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.8 per cent to close at 39,110.17, while the market capitalisation added N167.6 billion to close at N20.4 trillion. Although nine stocks appreciated compared with 20 stocks that depreciated, the performance was buoyed by strong demand for the […]

Weekly Economic Index: Nigeria’s economy enters a full-blown recession in Q3

Weekly Economic Index: Nigeria’s economy enters a full-blown recession in Q3

Recently , the National Bureau of Statistics (NBS) revealed that the October 2020 Consumer Price Index (CPI) increased by 14.23 percent (year-on-year). The rise represents 0.52 percent, compared to the rate recorded in September 2020 (13.71 percent). The CPI is used to measure the inflation rate in an economy. Nigeria’s Gross Domestic Product ( GDP […]