Business

Naira gains marginally to close at 409/$ at I&E FX window

Ihesiulo Grace 30 March 2021 0

Motolani Oseni The Nigerian local currency, Naira at the Investors & Exporters Foreign exchange (I & E FX) market on Monday gained slightly by 0.21 percent to close at 409.13 against the dollar. The closing figures obtained from the FMDQ showed that the naira had closed at N410/$1 at

Business

Equities market down by 0.69% over investors’ profit-taking

Ihesiulo Grace 22 March 2021 0

Motolani Oseni Equities market of the Nigerian Stock Exchange (NSE) at the end of the weekly trading activities was down by 0.69 percent, due to investors’ profit-taking in shares of industrial and consumer goods. The NSE closed last week trading at 38,382.39 basis points from 38,648.48basis points it opened for trading. Losses recorded in the […]

Business

Equities market soars by N128bn amid NSE demutualisation approval

Ihesiulo Grace 11 March 2021 0

The equities market of the Nigerian Stock Exchange (NSE) on Wednesday overcame its negative posture growing by N128 billion following bargain buying in Dangote Cement and Nestle as well as news of the approval of demutualization. The Securities and Exchange Commission (SEC) and the Corporate Affairs Commission (CAC) on Wednesday approved the demutualization of the […]

Business

Equities market sheds N1.36trn in one month

Ihesiulo Grace 1 March 2021 0

Following investors’ profit-taking in bank shares, Industrial goods, among others, investors on the equities market segment of the Nigerian Stock Exchange (NSE) lost N1.36trillion in February. The NSE in February was not immune to the rout in global equities as the market suffered its fourth consecutive weekly loss, amid growing concerns about the rising yields […]

Money

Equities market wraps up 2020 with 50.03% growth

Ihesiulo Grace 4 January 2021 0

The equities market of the Nigerian Stock Exchange (NSE) closed 2020 with 50.03 per cent growth, with the All-Share Index crossing the 40, 000 marks on the last trading day of the year. Specifically, the All-Share Index which opened trading for the year at 26, 842.07 rose by 13, 428.65 points or 50.03 per cent […]

News

NSE market capitalisation hits N19trn

Ihesiulo Grace 18 December 2020 0

Nigerian Stock Exchange (NSE) market capitalisation on Friday rallied by N296 billion to cross N19 trillion mark, amid gains by some blue chips. Specifically, the market capitalisation which opened at N18.940 trillion rose by N296 billion or 1.56 per cent to close at N19.236 trillion. Also, the NSE All-Share Index inched higher by 565.13 points […]

News

Bulls persist on NSE, index crosses 36,000 mark

Ihesiulo Grace 18 December 2020 0

The nation’s bourse on Thursday continued positive run for the fourth straight trading session with the benchmark index crossing 36,000 mark due to interest in Airtel Africa and 29 other stocks. Specifically, the All-Share Index inched higher by 746.47 points or 2.10 per cent to close at 36,239.62 compared with 35,493.15 recorded on Wednesday. Consequently, […]

News

NSE resumes with 1.73% growth

Ihesiulo Grace 15 December 2020 0

The domestic equities market opened for the week on Monday on a positive note with the All-Share Index appreciating by 1.73 per cent, amid buying interest in Dangote Cement and 25 other stocks. Specifically, the index which opened at 34,250.74 rose by 592.70 points or 1.73 per cent to close at 34,843.44. Accordingly, month-to-date loss […]

News

Nigeria Stock market resumes December with N55 billion gain

Ihesiulo Grace 2 December 2020 0

The Nigeria stock market on Tuesday sustained bullish sentiment to open the month of December with N55 billion growth due to buying interests in Tier 1 banks. Consequently, the market capitalisation rose by N55 billion or 0.30 per cent to close at N18.364 trillion compared with N18.309 trillion posted on Monday. Also, the All-Share Index […]

News

NSE closes last trading day in November with 0.45% growth

Ihesiulo Grace 1 December 2020 0

The nation’s bourse closed for the last trading day in November with a growth of 0.45 per cent following price appreciation posted by Airtel Africa and 16 other stocks. Specifically, the All-Share Index on Monday rose by 156.63 points or 0.45 per cent to close at 35,042.14 compared with 34,885.51 achieved on Friday. Also, the […]

Capital Market

Investors gain ₦708.18bn as market capitalisation passes ₦15trn mark

Ihesiulo Grace 7 October 2020 0

By Motolani Oseni The key market indices of the Nigerian Stock Exchange (NSE) on Tuesday rallied to an all-time high, appreciating by 4.92 per cent. Specifically, the market capitalisation which opened at ₦14.402 trillion rose by ₦949 billion to close at ₦15.110 trillion. Also, the All Share Index rose by 1,354.88 or 4.92 per cent […]

Capital Market

Why NSE’s transactions declined by 8.5% to ₦94.45bn in August

Ihesiulo Grace 26 September 2020 0

By Motolani Oseni The equities market total transactions on the Nigerian Stock Exchange (NSE) declined by 8.49 per cent to N94.45 billion in August 2020, the latest NSE’s Domestic & Foreign Portfolio Investment Report has revealed. The Exchange report showed that total transactions dipped 8.49 per cent when compared with N103.21 billion recorded in July. […]

Capital Market

Trading remains upbeat on NSE, index up by 1.28%

Ihesiulo Grace 26 September 2020 0

Activities on the Nigerian Stock Exchange (NSE) on Friday remained upbeat for the fifth consecutive day, with the All-Share Index growing by 1.28 per cent to cross the 26,000 mark. The index rose by 332.20 points or 1.28 per cent to close at 26,319.34, compared with 25,987.14 recorded on Thursday. In the same vein, the […]

Money

NSE’s equities market depreciates by 0.05% amid profit-taking in banking shares

Ihesiulo Grace 14 September 2020 0

By Motolani Oseni The equities market of the Nigerian Stock Exchange (NSE) depreciated by 0.05 per cent as profit-taking in banking shares for the better part of last week offset bargain buying. Specifically, selloffs of Guaranty Trust Bank Plc that depreciated by 5.8 per cent, United Bank for Africa Plc (UBA) that was down by […]

Capital Market

NSE’s equities market advances by ₦37 billion

Ihesiulo Grace 12 September 2020 0

Nigerian Stock Exchange (NSE) market capitalisation on Friday improved further by N37 billion following price growth in some blue chips. Specifically, the market capitalisation which opened at N13.313 trillion rose by 0.28 per cent to close at N13.350 trillion. Also, the NSE All-Share Index appreciated by 70.98 points or 0.28 per cent to close at […]

Business

Investors lose ₦13bn as the stock market falls — NSE

Ihesiulo Grace 8 September 2020 0

Following market apathy, equity trading on the Nigerian Stock Exchange (NSE) floor on Monday opened the trading week on the negative route. As gathered by Daily Times, the market breadth closed positively with 16 gainers against 15 losers. The NSE All-Share Index dipped 23.41 basis points or 0.09 per cent to close at 25,582.23 as […]

Business

Equities market rebounds with N15bn gain on MTN price rally

Ihesiulo Grace 11 July 2020 0

Following price appreciation achieved by MTN Nigeria Communications, the equities market of the Nigerian Stock Exchange (NSE) on Friday rebounded by 0.12 per cent  to gain N15 billion. In fact, the key market indices such as the market capitalisation of listed equities inched higher by N15 billion or 0.12 per cent to N12.679 trillion from […]

Business

NSE cautions investors trading with 13 companies

Ihesiulo Grace 10 July 2020 0

The Nigerian Stock Exchange (NSE) has cautioned investors on the need to be careful while trading shares belonging to 13 companies. In a statement signed by Godstime Iwenekhai, head of NSE listings regulation department, the companies failed to comply with the directive to issue a press release as set forth in the Deficiency Filing Notice […]

Business

Forex market turnover declined by 32.97% to $7.62bn in one month- FMDQ

Ihesiulo Grace 10 July 2020 0

FMDQ Securities Exchange has disclosed that A total foreign exchange market turnover in May has declined by a 32.92 per cent or $3.74billion Month-on-Month (MoM) to $7.62billion or N2.94trillion, as against $11.36billion or N4.38 trillion turnovers recorded in April. FMDQ in a report disclosed that the decline showed a continuing downward trend in foreign exchange […]

Business

COVID-19: NSE donates ambulance, N22.7m cash to CMSCC

Ihesiulo Grace 9 July 2020 0

The Nigerian Stock Exchange (NSE) has redeemed its pledge of N60 million to the Capital Market Support Committee for COVID-19 (CMSCC) with the donation of an ambulance and N22.7milllion cash. The Chief Executive Officer, NSE, Mr Oscar Onyema, in a statement on Monday said that the initiative was in furtherance of the collaboration in fighting […]