Nigerian equities reopened yesterday on a negative note as widespread selloffs within the large-cap stocks led the market to a net capital loss of N220 billion. The All Share Index (ASI)-the main index that tracks share prices at the Nigerian Stock Exchange (NSE) dropped by 602.81 points, representing a loss of 1.71 per cent to […]
Tag: XNSA_UBA
NSE market capitalisation shed N219 billion
Nigeria Stock Exchange (NSE) The market capitalisation of the Nigerian Stock Exchange (NSE) on Monday shed N219 billion, ahead of Eid-El-Kabir. The loss by the market capitalisation was as a result of huge losses suffered by major highly capitalised equities. Specifically, the market capitalisation dipped N219 billion to close at N12. 655 trillion compared to […]
NAHCO, UBA, Zenith Bank Dominate Weekly Equity Trading
By Modupe Gbadeyanka Trading in the shares of Nigerian Aviation Handling Company Plc, United Bank for Africa Plc and Zenith Bank Plc, measured by volume, contributed 33.13% and 25.95% to the total equity turnover volume and value respectively this week. According to the weekly report released by the Nigerian Stock Exchange (NSE), the three listed […]
Nigeria: No Respite As Market Records Third Consecutive Weekly Decline
The equities market recorded its third consecutive decline last week as investors confidence remained weak. Out of the four trading sessions, four were bearish with Dangote Cement Plc moving the market to its largest loss in 52 weeks last Thursday. Although the market rebounded last Friday, with a gain of 1.29 per cent, that was […]
Equities to reverse sentiment this week
Despite the positive sentiment recorded in the equities market at week close on Friday, investment experts and other capital market operators have said that the market will remain in the negative region as the Friday positive run was not driven by any fundamental. Stock Market They argued that underlying investors’ apathy still remained, thereby negating […]
Stocks fall further, market capitalisation drops to N12.87tn
’Femi Asu The market capitalisation of equities listed on the Nigerian Stock Exchange fell further last week as 56 firms recorded price depreciation. The NSE All-Share Index and market capitalisation depreciated by 0.51 per cent to close the week at 35,266.29 basis points and N12.875tn respectively. Similarly, all other indices finished lower with the exception […]
H1 Results: Zenith, UBA, 3 Others To Pay Interim Dividend
Going by history, market analysts have predicted that about five banks might pay interim cash dividends to shareholders as companies continued to released their half-year corporate results ended June 30, 2018. The banks include: Zenith Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTBank), Stanbic IBTC and Access Bank. Zenith Bank, in its regulatory […]
No Respite as Market Records Third Consecutive Weekly Decline
The equities market recorded its third consecutive decline last week as investors confidence remained weak. Out of the four trading sessions, four were bearish with Dangote Cement Plc moving the market to its largest loss in 52 weeks last Thursday. Although the market rebounded last Friday, with a gain of 1.29 per cent, that was […]
Stock Market Records N13b Turnover Last Week Amid Panic Selling
By Dipo Olowookere Transactions at the Nigerian equities market were bearish last week amid selloffs by foreign portfolio investors, who were scared of uncertainties in the country and emerging markets across the world, which Nigeria belongs to. During the five-day trading week, a total turnover of 1.147 billion shares worth N12.546 billion in 16,649 deals […]
Financial stocks contribute 59.23% to total equity turnover
NSE The financial services industry (measured by volume), dominated in volume terms at the end of last week’s transactions on the equity sector of the Nigerian Stock Exchange (NSE), with 824.153 million shares valued at N9.274 billion traded in 11,620 deals. The development represents 59.23% to the total equity turnover volume, while the services industry […]