BY TEMITOPE ADEBAYO The Nigerian equities market, yesterday, halted the prior day’s downtrend, as gains in Dangote Cement Plc and 34 others pushed the overall capitalisation up by N260 billion. The All-Share Index (ASI) gained 411.52 points, representing a gain of 0.37 per cent to close at 112,427.48 points. Also, market capitalisation rose by N260 […]
BY TEMITOPE ADEBAYO The Nigerian equities market closed last week deep in the red, shedding N441 billion in market capitalisation as the All-Share Index (ASI) dropped by 0.90 per cent week-on-week to settle at 104,563.34 points. Market capitalisation fell in tandem, closing at N65.707 trillion, highlighting sustained investor caution despite corporate earnings and dividend announcements. […]
BY MOTOLANI OSENI The domestic equities market extended its losing streak last week, shedding N365 billion as bearish sentiment and profit-taking pressured key indices. The decline, marking the third consecutive weekly loss, drove the market to a four-week low amid portfolio rebalancing and anticipation of further corporate earnings reports. Meanwhile, the All-Share Index (ASI) declined […]
BY TEMITOPE ADEBAYO Nigerian equities yesterday delivered a positive performance and extended gains from the previous sessions as the overall capitalization rose by N31 billion, driven by a rally in Oando Plc and 30 others. The All-Share Index (ASI) rose by 51.81 points, representing a gain of 0.05 per cent to close at 98,944.42 points. […]
BY TEMITOPE ADEBAYO Equities investors faced a N40.37 billion setback yesterday as the NGX All-Share Index (ASI) slipped by 7 basis points, closing at 95,831.51 points. The downturn was largely driven by underperformance in Tier-1 banks, including GTCO (-0.66 per cent), FBNH (-1.21 per cent), and UBA (-1.79 per cent), which overshadowed gains from other […]
By Motolani Oseni The equities market of the Nigerian Exchange (NGX) Limited, yesterday recovered from the previous session’s loss, gaining by 30 per cent while the market capitalisation appreciated by N165.09 billion to close at N55.46 trillion. Specifically, the Lagos bourse benchmark index closed at 101,362.38 points, due to 4. 93 per cent gains in […]
By Temitope Adebayo The domestic equities market yesterday began the week on a bearish note as selloffs on Dangote Cement Plc and 36 others dragged the overall market capitalisation down by N1.822 trillion. As a result, the All-Share Index (ASI) fell by 3,329.55 points, representing a decline of 3.15 per cent to close at 102,393.23 […]
By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) rebounded on Monday, as market capitalisation increased by N228.74billion to close at N29.54trillion. After the close of first trading day of the week, the Lagos bourse, also, recorded a benchmark Index gained of 0.78 per cent to close at 54,224.35 points. Renewed interest […]
By Temitope Adebayo The equities segment of the Nigerian Exchange (NGX) on Tuesday sustained its latest upbeat mode, gaining N52.54 billion, as investors show interest in cement, industrial, and insurance stocks. Trading data shows that the Nigerian Exchange All-Share Index (ASI) advanced by 0.2 per cent to 48,366.69 points, pushing the year-to-date return to 13.23 […]
The Nigerian Stock Exchange (NSE) and other exchanges in Africa raised a total of $16.9 billion from initial price offerings (IPOs) by companies going public on them in 2019. The 2019 record was accompanied by the lowest volume in IPO activity over the past ten years, recording a decline of 47 per cent compared to […]
No fewer than 10 firms listed on The Nigerian Stock Exchange (NSE) traded N1.37 trillion values of equities in nine months, ended September 28, 2018. The firms include Stanbic IBTC Stockbrokers Limited; Rencap Securities (Nig) Limited; CSL Stockbrokers Limited; EFCP Limited; FBN Securities Limited and Chapel Hill Denham Securities Limited. Others are Cordros Securities Ltd; […]
…Conoil led gainers’ table, Guinness with 1.76% loss as worst performer The upbeat tempo of the Nigerian equities market was sustained on Wednesday, as optimism continued to drive investors’ sentiments, pitching demand for blue chip stocks against supply. The Nigeria equities market sustained its bullish run for the third consecutive trading session, gaining +3.60per cent […]
Equities trading on the Nigerian Stock Exchange closed Tuesday, the first trading day in the year 2018 on a positive note, as NSEASI appreciated by 0.06 per cent to close at 38,264.79 basis points. This was in comparison with a 0.66% appreciation recorded in the previous session when ASI closed at 38243.19 basis points. The […]
Trading activities on the equities market reversed the gains recorded previous weeks as the All Share Index dipped by 2.09 percent to clsoe the week ended 15th December at 38,436.08 points. The performance for the week, was premised on losses in the Banking Index that fell 5.33 per cent, following profit taking in top tier […]
In consolidation of the growth achieved in the first trading session (Monday) in the month of December, the Nigerian stock Exchange market indices have further appreciated by 1.37 per cent on Tuesday December 5th 2017. The market capitalisation rose N181 billion on Tuesday to complement the N11 billion or 0.08 per cent growth recorded on […]
As the Nigerian Bureau of Statistics (NBS) announced the Q3 2017 GDP report showing the economy grew farther by 1.4 per cent on Monday, Nigeria’s stock market advanced higher to close in a positive territory. The growth in GDP is the second consecutive positive growth in the GDP since Q2-2017, supported by a spike in […]
…..Berger, FBN Holdings gain, as Airservice, Vitafoam lose Nigeria’s equities market began the month of November, on a positive note, which is in continuance of the performance recorded in the previous two trading sessions. The trading activities on Wednesday, 1st November closed with an N71.6billion increase in the aggregate value of all listed stocks otherwise […]
Afolabi Adesola A two day down trend recorded previously on the equities market has been halted with a 0.01% growth recorded in the All Share Index (ASI) on Thursday. The ASI rose from a loss of 0.08 per cent recorded on Wednesday to close at 36,645.65 points. The market Capitalisation also improved mildly from N12.613 […]
The worth of investment on the Nigerian Stock Exchange (NSE) has continued on an uptrend as trading closed in a positive territory for the week ended 11th August 2017, extending gains into the 5th consecutive week, while Year-to-Date returns sit at 42.14 per cent. The lead market indicator; NSE’s All-Share Index (ASI) appreciated further by […]
Tier 1 Banks are expected to hit the market with their results this week, with a declaration of interim dividends to further excite investors and hopefully bring the equities market to yet another positive close by weekend. So far, activity in the market has been driven by the expectation of earnings’ releases across sectors, but […]