Positive sentiments continued in the local bourse as major indicators showed bullish feeling as the market continued to witness bargain hunting for value stocks from investors who exited trading on Wednesday with N25 billion gains. Analysts at Afrinvest Research have, however, maintained that the bullish performance will be extended on the back of bargain hunting […]
Tag: XNSA_UCAP
Sell-Off In 15 Stocks Down Equities Market By N3bn
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 […]
Nigerian Stock Exchange opens week negative, down by N3 billion
The market breadth closed negative with 20 losers, against 18 gainers [Reuters/Akintunde Akinleye] Trading at the domestic bourse started the week on Monday still on negative mood, taking the bearish sentiment to six consecutive trading sessions. The price depreciation was due to profit-taking sentiments in all the major sectors except the consumer goods and banking […]
Nigerian Exchange Extends Rally, Gains 0.12%
By Dipo Olowookere The bulls extended their stay on the floor of the Nigerian Exchange (NGX) Limited on Wednesday following a 0.12 per cent growth, which was largely driven by MTN Nigeria, GTCO, Oando and Honeywell Flour Mills. Business Post reports that despite the positive outcome of the market, investor sentiment still remained negative as […]
NGX resumes September bearish as investors lose N18bn
[FILES] Stock market display The Nigerian stock market reopened for the month of September on a downturn, following sell-pressure in the shares of FTN Cocoa and 16 others, causing investors’ wealth to plunge further by N18 billion. Specifically, at the close of transactions on the Nigerian Exchange Limited (NGX) yesterday, the All-Share Index (ASI) dipped […]
Profit-Taking Persist as Stock Market Drops by N18bn
Darasimi Adebisi Transactions on the Nigerian equities market yesterday closed on a negative note, taking the trading losses to the third consecutive day as investors’ profit-taking down market by N18 billion. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) dipped by 35.43 basis points, representing a decline of 0.09 per cent, to close at 39,184.18 […]
NGX closes flat as investors await interim dividends
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 […]
Stock Market Decline By N82.83bn On Profit-taking
Nigerian Stock Exchange Stock Market Decline By N82.83bn On Profit-taking Transactions on the Nigerian equities market yesterday closed the first trading session of the week on a negative note with a decline of N82.83billion as profit-taking dominated all the major sectors. The overall market capitalisation dropped to N20.490 trillion from N20.57trillion it opened for trading, […]
Profit-takingPersist as Stock Market Open Week on Negative Note
Darasimi Adebisi The Nigerian equities market yesterday closed transactions for the first day in the new week on a negative note. The price depreciation was due to investors’ profit-taking sentiments in all the major indices except the consumer goods and banking indices. Consequently, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) dropped by 6.16 basis […]
Sustained sell-pressure in insurance stocks drag indices by 0.01%
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 […]