Business

Equities market begins weekly trading with N162bn loss

Ihesiulo Grace 7 July 2020 0

The equities market of the Nigerian Stock Exchange (NSE) began the weekly trading activities a loss of N162 billion on the first day of the week. At close of yesterday trading session, the market capitalisation which opened at N12.695 trillion lost N162 billion to close at N12.533 trillion.

Business

Equities on Nigerian bourse down by 1.99%

Ihesiulo Grace 6 July 2020 0

*As investors lose N20bn on last trading day The equities market of the Nigerian Stock Exchange (NSE) depreciated by 1.99 per cent to close the week at 24,336.12 and N12.695 trillion respectively Also, the market capitalisation of listed equities on the NSE declined by N20 billion or 0.16 per cent as it closed trading on […]

Business

Banks’ boards to meet over H1 2020 dividend, results

Ihesiulo Grace 6 July 2020 0

The boards and managements of Zenith Bank Plc and Guaranty Trust Bank Plc (GTBank) are to meet this month via electronic channels to discuss interim dividends and approve half-year ended June 30, 2020 results. The electronic meeting by both financial institutions is coming on the heels social distancing policy of the government in a move […]

Business

Stockbrokers trade N597.4bn in H1

Ihesiulo Grace 6 July 2020 0

Despite the economic impact of the Covid-19 pandemic, the top ten stockbroking firms in Nigeria traded a total of N597.4 billion worth of shares between January and June 2020. The top ten stockbroking firms in Nigeria according to the Broker Performance Report released by the Nigerian Stock Exchange (NSE) traded a total of N597.4 billion […]

Business

Petrol hike shows govt still suffers revenue deficit – Uwaleke

Ihesiulo Grace 3 July 2020 0

.Says Nigeria stock market may end 2020 in red The hike in Petroleum Pump price shows that federal government still suffers huge revenue deficit, an economist, Uche Uwaleke has said. This is even as the Professor of Finance and Capital Market, says the Nigerian Stock Exchange (federal government) will likely close 2020 in red, based […]

Business

NSE down by 0.90% over profit-taking in Unilever, Others

Ihesiulo Grace 3 July 2020 0

The equities market of the Nigerian Stock Exchange (NSE) on Thursday reversed gains posted on the first trading in July to a decline of 0.90 per cent. The loss position was due to profit-taking and portfolio repositioning ahead of second-quarter earnings. The NSE All-Share Index dropped by 220.65 basis points to close at 24,374.40 basis […]

Business

NSE rebounds with N22bn gains on Wednesday

Ihesiulo Grace 18 June 2020 0

The Nigerian Stock Exchange (NSE) equities market rebound on Wednesday over renewed investors interest in blue-chip companies after two consecutive days of the downward trend. READ ALSO: UN Security Council condemns terrorists’ attacks in N/East The market capitalisation gained N22 billion to close at N13.027 trillion against N13.005 trillion on Tuesday Consequently, the

Business

AIICO Insurance notifies NSE of N3.5bn proposed rights issue

Ihesiulo Grace 16 June 2020 0

AIICO Insurance Plc on Monday notified the Nigerian Stock Exchange (NSE) of a proposed N3.5billion rights issue. The Head, Listings Regulation, NSE, Godstime Iwenekhai in a statement said, “ Dealing Members are hereby notified that AIICO Insurance Plc has through its Joint Stockbrokers, Magnartis Finance and Investment Limited and Stanbic IBTC Stockbrokers Limited

Business

Equities market sustains gain on 13 firms’ share price increase

Ihesiulo Grace 10 June 2020 0

The equities market of the Nigerian Stock Exchange (NSE) on Tuesday sustained prior day gain by 0.34 per cent, following buying interest in BUA Cement, Dangote Sugar Refinery and 11 other stocks. Specifically, the All-Share Index (ASI) increased by 85.19 absolute points, representing a gain of 0.34 per cent to close at 25,335.15 points. Similarly, […]

Business

Investors on equities market gain N13bn on Wednesday

Ihesiulo Grace 4 June 2020 0

The equities market of the Nigerian Stock Exchange (NSE) closed positive on Wednesday, growing by N13 billion, as investors’ confidence was sustained in some blue chips shares. The market capitalisation which opened at N13.241 trillion rose by N13 billion or 0.10 per cent to close at N13.254 trillion. In the same vein, the All-Share Index […]

Business

NSE lists UPDC N16bn rights issue on its platform

Ihesiulo Grace 3 June 2020 0

UACN Property Development Company (UPDC) Plc on Tuesday, listed N16 billion rights issue of 15.96 billion ordinary shares at N1 per share on the Nigerian Stock Exchange (NSE). With the listing, the company became yet another beneficiary of the Exchange’s commitment to providing continued access to capital even in the face of COVID-19. NSE’s Chief […]

Business

NSE: Gains in cheap stocks lift equity market by N1.17trn in one month

Ihesiulo Grace 1 June 2020 0

The Nigerian Stock Exchange (NSE) gained N1.17 trillion in May as investors renewed interest on cheap fundamentals, stocks lead to price appreciation. The market capitalization closed May at N13.17trillion from N11.997trillion it opened for trading. Consequently, the NSE All-Share Index gained 9.76 per cent in May from 23,021.01 basis points to 25,267.82 basis points. All

Business

Equities market sheds 0.22% amid cut in interest rate

Ihesiulo Grace 29 May 2020 0

The Nigerian Stock Exchange (NSE) equities market segment on Thursday halted the long run of successive gains as the All-Share Index (ASI) fell by 0.22 per cent due to profit-taking in high capitalised stocks. The ASI decreased by 55.22 basis points, representing a dip of 0.22 per cent to close at 25,166.01 basis points. Similarly, […]

Business

Equities market gains 0.07% after Eid-el-Fitr holiday

Ihesiulo Grace 28 May 2020 0

The Nigerian Stock Exchange (NSE) equities market segment reopened trading on Wednesday after the public holidays to mark the Eid-el- Fitr celebration with a marginal growth of 0.07 per cent. Specifically, the All-Share Index rose by 16.48 basis points or 0.07 per cent to close at 25,221.23 basis points compared with 25,204.75 basis points it […]

Business

Equities market indices extend losing streak by 1.06% to N133bn

Ihesiulo Grace 13 May 2020 0

The equities market of the Nigerian Stock Exchange (NSE)  on Tuesday extended its negative sentiment rally with the market key performance indices declined further by 1.06 per cent amid profit-taking in some blue chips. READ ALSO: 90% of mysterious deaths in Yobe not related to COVID-19 Specifically, the market capitalisation lost N133 billion to close […]

Business

Equities market indices extend gains by 1.40%

Ihesiulo Grace 7 May 2020 0

The equities market of the Nigerian Stock Exchange (NSE)  on Wednesday extended its positive sentiment rally with the market indices appreciating by 1.40 per cent. READ ALSO: COVID-19: Juventus confirms Dybala free Specifically, the All-Share Index (ASI) increased by 334.06 points, representing a growth of 1.40 per cent to close at 24,143.37, compared with 23,809.31 […]

Business

Equities market records N186.66bn foreign investors outflow in Q1

Ihesiulo Grace 6 May 2020 0

The Nigerian Stock Exchange (NSE) has reported a total of N186.66 billion foreign investors outflow from the equities market in first quarter (Q1) of 2020. READ ALSO: Reps probe Akpabio, NDDC mgt over alleged funds mismanagement This is coming on the heels of caution trading over the widespread of Covid-19 globally, leading to foreign investors […]

Business

Zenith Bank grows gross earnings by 5.5% as NSE sustains positive performance

Ihesiulo Grace 30 April 2020 0

Zenith Bank Plc, unaudited first quarter (Q1) 2020 result released on the floor of the Nigerian Stock Exchange (NSE) showed that its gross earnings grew by 5.5 per cent Year-on-Year to N168.6 billion from N158.1 billion in the first quarter (Q1) 2019. The commercial bank, also, while profit after tax PAT, declined by 1.3 per […]

Business

Equities market sustains bullish performance with N58bn gain

Ihesiulo Grace 28 April 2020 0

The equities market of the Nigerian Stock Exchange (NSE) recorded a bullish performance on Tuesday with the market capitalisation improving by N58 billion following gains in high capitalised stocks. For instance, the market capitalisation which opened at N11.786 trillion rose by N58 billion or 0.49 per cent to close at N11.844 trillion. READ ALSO: NMA […]

Business

NSE sustains positive trend with marginal gain of 0.07%

Ihesiulo Grace 17 April 2020 0

The equity market of the Nigerian Stock Exchange (NSE) on Thursday sustained the positive trend, as market indices improving marginally by 0.07 per cent. For instance, the index rose by 14.90 points or 0.07 per cent to close at 22,554.84 against 22,534.94 recorded on Wednesday. Also, the market capitalisation, which opened at N11.746 trillion, appreciated […]