The sell-offs in some highly capitalised stocks on Tuesday contributed significantly to drag the Nigerian Stock Exchange, NSE All Share Index, ASI by 0.5 percent or 112.69 points lower for the fifth consecutive trading session. Nigerian Stock Exchange NSE Specifically, the Index settled at 33,449.17 points from 33,611.69 points it closed on Monday with the […]
Tag: XNSA_ZENITHBANK
Nigerian bourse trades 1.39bn shares worth over $66m
A total turnover of 1.391 billion shares worth N20.316 billion (about $66.6m) in 20,064 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE).The Weekly report of trading released on Friday in Lagos by the NSE showed that the figures were in contrast to a total of 1.417 billion […]
NSE: Trading Resumes After Eid-El-Kabir Celebration With 1.57% Growth
Transactions reopened on the Nigerian Stock Exchange (NSE) on Thursday after the two-day public holiday to mark Eid-El-Kabir celebration with a growth of 1.57 per cent. Specifically, the All-Share Index which opened at 34,663.48 rose by 542.68 points or 1.57 per cent to close at 35,206.16 compared with 34,663.48 achieved on Monday. Similarly, the market […]
NSE begins week’s trading with 0.32% decline
The Nigerian Stock Exchange (NSE) kicked off this week’s trading with a 0.32% decline in the All Share Index at 35,311.36 basis point. The Market capitalization closed at N12.891 trillion. The gainer’s chart was led by Total Nigeria Plc, Flour Mills of Nigeria Plc, Lafarge Africa, Nigerian Breweries Plc and Guaranty Trust Bank with their […]
Equity market sustains downward trend, dropping N13bn
nigeria stock exchange The nation’s equity market has sustained negative trend as anxiety in the political environment continues to mount pressure business activities ahead of 2019 election. Specifically, Market Capitalisation of listed equities depreciated by N13 billion or 0.09 per cent to N13.249 trillion from N13.261 trillion reported the previous day. The NSE All Share […]
Dangote Cement, GTB, others lead stock market’s N198b gain
• Investors enjoined to trade cautiously in near term Following price gains recorded by major highly capitalised stocks, especially Dangote Cement, and Guaranty Trust Bank (GTB), transactions on the equity sector of the Nigerian Stock Exchange (NSE), reopened in an upbeat after the two days holiday to mark the Eid-el Kabir celebration yesterday.Market capitalisation rose […]
NSE: Trading resumes after Eid-El-Kabir celebration with 1.57% growth
Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org] Transactions reopened on the Nigerian Stock Exchange (NSE) on Thursday after the two-day public holiday to mark Eid-El-Kabir celebration with a growth of 1.57 per cent. Specifically, the All-Share Index which opened at 34,663.48 rose by 542.68 points or 1.57 per cent to close at 35,206.16 compared with […]
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 […]
Nigeria: Stock Exchange returns go down after Central Bank drops rates
Returns on equity investments on the Nigerian Stock Exchange, NSE, nosedived further in the outgone week by 1.81 per cent, as investors and other financial stakeholders wait for the nation’s fiscal policies. The Central Bank of Nigeria in the outgone week reduced the Monetary Policy Rate to 11 per cent from 13 per cent while […]