Johnson Okafor The equity market, on Monday, returned to positive territory as the Nigerian Stock Exchange All-Share Index and market capitalisation rose by 0.08 per cent. The market breadth closed on a positive note with 28 gainers against 24 decliners. The ASI grew by 30.56 basis points or 0.08 per cent from 40,120.22bps last Friday […]
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Stock market closes first trading week bearish as index dips by 0.37%
[files] Nigerian Stock Exchange (NSE). Photo: THEAFRICAREPORT The local bourse ended the first trading week of 2021 on a bearish note, as losses recorded on the second and last trading days eroded gains from the other trading sessions. The All-Share Index (ASI) and market capitalisation depreciated by 0.37 per cent to close the week at […]
Sustained bargain-hunting boosts capitalisation by N325b
Building of the Nigerian Stock Exchange (NSE). PHOTO: AYODELE ADENIRAN For four consecutive sessions, sustained bargain hunting in the shares of blue-chip stocks pushed the Nigerian Stock Exchange (NSE) market capitalisation up by N325 billion. At the close of trading yesterday, the All-Share Index (ASI) gained 622.09 absolute points, representing an increase of 1.54 per […]
Equities Market Rises Further as Bulls Consolidate Hold
Goddy Egene The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.54 per cent to close at 40,963.14, while market capitalisation rose by N325.3 […]
Capital market loses N246bn in six hours of trading
The bears dominated trading activities on the Nigerian Stock Exchange on Friday with the market capitalisation losing N246bn in six hours of trading. Specifically, the News Agency of Nigeria reports that the market capitalisation, which opened at N21.224tn shed N246bn to close at N20.978tn. Similarly, the NSE All-Share Index decreased by 470.64 points or 1.16 […]
Nigeria stock market dips N38bn amid blue chips loss
Specifically, the market capitalisation shed N38 billion or 0.21 per cent to close at N18.327 trillion from N18.365 trillion achieved on Friday. Also, the All-Share Index which opened at 35,137.99 lost 73.63 points to close at 35,064.36. Consequently, month-to-date and year-to-date gains moderated to 0.1 per cent and 30.6 per cent, respectively. The downtrend was […]
Profit taking persist on NSE, market capitalisation loses N232bn
Stock Market The Nigerian stock market closed on a negative note for the fourth straight session on Thursday with the market capitalisation losing N232 billion. Specifically, the market capitalisation which opened at N18.304 trillion dipped N232 billion to close at N18.072 trillion. Also, the All-Share Index lost 464.00 points or 1.32 per cent to close […]
Equities Shed N464bn as Profit Taking Halts Bull Run
Goddy Egene The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the unprecedented growth recorded in the month of November, many investors have been locking in profits. Despite the pockets of profit taking, the market had maintained a positive weekly performance. However, that positive momentum […]
Investors Gain N199bn as Market Sustains Positive Momentum
Goddy Egene The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose further by 1.10 per cent to close at 34,225.22 as the market sustained its positive momentum yesterday. The market capitalisation gained N199.5 billion to close at N18.4 trillion. The bulls had returned to the market on Monday with a gain of 1.73 per cent […]
Lafarge Africa receives MANCAP certificates from SON
The Standards Organisation of Nigeria has presented the Mandatory Conformity Assessment Programme product quality certificates to Lafarge Africa Plc, Nigeria’s operations of the building materials giant, LafargeHolcim. A statement on Wednesday issued by the Director, Communications, Public Affairs and Sustainable Development, Lafarge, Folashade Ambrose-Medebem, stated that the certificate was presented after products from the company’s […]