Trading activities on the Nigerian equities market yesterday closed with a decline of N3 billion, to extend the bearish sentiment to two consecutive trading days on sell-off in 15 stocks. Market watchers attributed the decline mostly to sell-off in the financial sectors, as investors lost N54 billion in two trading days. In summary, the All-Share […]
Nigeria’s stock market was bearish all through last week, forcing the valuation of quite a number of equities to a lower point of depression. The last trickle of banks’ audited financials into the market was a mixed bag of improvement and setback in terms of performance and that had adverse implications for investors’ hunger to […]
Going the way of last week, the Nigerian stock market is expected to continue on weak performance. Analysts at Afrinvest Limited stated that “In the absence of positive catalysts, we expect the weak performance to persist this week.” Also, analysts at Cordros Securities Limited said that “In the week ahead, we anticipate cautious trading in […]
Mixed trading persisted on the Nigerian Exchange Ltd on Tuesday with the indices closing relatively flat with a loss of 0.004 per cent on improved market turnover. Specifically, the All-Share Index shed 1.60 points, representing 0.004 per cent, to close at 39,251.29 from 39,252.89 posted on Monday. Accordingly, month-to-date return and year-to-date loss stood at […]
Investment analysts have said that activities in the nation’s stock market will be bullish this week over positioning by investors in interim dividend stocks. They posited that the market provides ample opportunity for capital gains but advised investors to position in only fundamentally sound stocks. According to analysts at Cowry Assets Management Limited, in the […]
Nigerian Exchange Group (NGX) The Nigerian Exchange Limited (NGX) extended bearish sentiment to two trading sessions yesterday, as sustained sell-pressure in the shares of many insurance companies dragged the All-Share Index (ASI) further by 0.01 per cent. Specifically, the All-Share Index (ASI) dipped by 5.34 absolute points, representing a marginal decrease of 0.01 per cent […]
The Nigerian equities market commenced the week on a negative note yesterday following drive by investors to take profit in banking and insurance shares. Accordingly, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) dropped by 37.45 basis points, representing a decline of 0.10 per cent, to close at 38,906.42 basis points. Similarly, the market capitalization […]
Nigerian Exchange Group (NGX) The Nigerian equities market reversed losses to close in an upward note yesterday, as the All-Share Index appreciated by 0.2 per cent. Specifically, the All-Share Index (ASI) grew by 68.01 absolute points, representing a rise of 0.2 per cent, to close at 39,252.19 points. Similarly, the overall market capitalisation value gained […]
The Nigerian equities market sustained a sliding profile yesterday, occasioned by losses in many blue-chip stocks, especially, Cornerstone Insurance and Universal Insurance, causing market capitalisation to depreciate further by N1 billion. However, the volume of activities increased by 144.981 million as investors traded 355.935 million shares valued at N2.871 billion in 4241 deals against 210.954 […]
The Nigerian equities market yesterday closed transactions on a negative sentiment to halt the bullish sentiment of two consecutive trading sessions at the close of trade last Friday, as investors lost N51.03billion. The downturn was buoyed by investors’ sell-sentiment on the Insurance and Industrial Goods sector. In summary, the Nigerian Exchange Limited (NGX) All-Share Index […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.