By Dipo Olowookere Gains recorded by financial stocks, especially shares in the banking sector, lifted the equities market on Thursday, reversing the loss recorded on Wednesday. The stock market rose yesterday by 0.21 percent following gains reported by 24 stocks buoyed by the return of positive sentiment to the market. At the close of transactions, […]
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Investors lose N94.36bn in 5 days
The stock market extended its bearish performance into the fifth consecutive trading session on Thursday as equities investors lost a total of N94.36 billion over the losing streak on sustained profit taking activity after last Thursday’s rebound. Specifically, the benchmark index of the Nigerian Stock Exchange (NSE), the All Share Index (ASI), dropped by 0.19 […]
NSE indices sustain sliding profile, down by N21 billion
Nigerian Stock Exchange Transactions on the floor of the Nigerian Stock Exchange (NSE), continued on a downward note yesterday, following price losses suffered by most blue chip stocks, causing market capitalisation to dip further by N21billion. Yesterday, the All-Share Index (NSE-ASI) was down by 67.16 absolute points, representing a dip of 0.19 per cent, closing […]
Nigeria: Profit taking weakens momentum as NSE Index drops 0.16%
Despite the positive close it had in the previous trading session last Thursday, equities market resumed on a bearish note on Monday as investors traded cautiously. Key market indicators, the All-Share Index and Market Capitalisation, declined by 0.16 per cent each. The loss can be attributed to profit-taking actions seen in some large-cap counters such […]