Business

Equities market extends positive trend by 3.02% gain

Ihesiulo Grace 16 April 2020 0

The equities market of the Nigerian Stock Exchange (NSE) on Wednesday extended its positive trend on Wednesday with a growth of 3.02 per cent, amid gains by Dangote Cement and Tier 1 banks. READ ALSO: TUC calls for proper coordination, distribution of palliatives Specifically, the All-Share

News

Equities market extends positive trend by 3.02% gain

Ihesiulo Grace 16 April 2020 0

The equities market of the Nigerian Stock Exchange (NSE) on Wednesday extended its positive trend on Wednesday with a growth of 3.02 per cent, amid gains by Dangote Cement and Tier 1 banks. READ ALSO: Gunshots now rent the air at night – MURIC Specifically, the All-Share Index increased by 659.99 points, representing a growth […]

Business Featured

Lockdown extension: Equities market react positively to directive, gains N258bn

Ihesiulo Grace 15 April 2020 0

Despite the extension of the lockdowns in Lagos, Abuja and Ogun State for an additional 14 days to contain the coronavirus transmission, the equities market of the Nigerian Stock Exchange (NSE) on Tuesday reacted positively to the lockdown with growth of 2.32 per cent. READ ALSO: Breaking: Nigeria reports 362 confirmed cases of COVID-19 The […]

Business Featured Headlines

NSE: Equities market rebounds with 1.24 % gain

Ihesiulo Grace 8 April 2020 0

Following the over N200 billion losses in the first trading session of the week on Monday, the equities market of the Nigerian Stock Exchange (NSE) rebounded on Tuesday with a growth of 1.24 per cent. For instance, the market capitalisation, which opened at N10.771 trillion, rose by N134 billion or 1.24 per cent, to close […]

Business Featured Headlines

FBNHoldings increases profit by 31% to N83.6bn in 2019

Ihesiulo Grace 7 April 2020 0

.Proposes dividend of N0.38 per share to shareholders .As NPL now stable at single-digit FBN Holdings Plc has increased its Profit Before Tax (PBT) by 30.9 per cent to N83.6 billion, from N63.9 billion reported in 2018, its audited results for the financial year ended 31 December 2019 revealed. The group’s result which was submitted […]

Business

NSE moves 235.29m shares worth N2.98bn in bearish market

Ihesiulo Grace 4 April 2020 0

The Nigerian Stock Exchange (NSE) on Friday moved 235.29 million shares valued at N2.98 billion in 3,988 deals. Although, the closing turnover  lower by 7.94 per cent compared with 255.59 million shares worth N2.86 billion traded in 4,418 deals on Thursday. FBN Holdings dominated the activity chart, accounting for 59.68 million shares valued at N232.01 […]

Business News

NSE index down by 0.94% on first trading day in April

Ihesiulo Grace 2 April 2020 0

The equities market of the Nigerian Stock Exchange (NSE)  at the close of first trading day activities for the month of April extended its losing streak, with a loss of 0.94 per cent. Specifically, the All-Share Index (ASI) dipped199.93 points or 0.94 per cent to close at 21,100.54, compared with 21,300.47 on Tuesday. Also, the market […]

News

NSE: Indices drop further by 0.14%

Ihesiulo Grace 31 March 2020 0

The Nigerian Stock Exchange (NSE) market indicators on Tuesday recorded further depreciation, dropping by 0.14 per cent. Specifically, the All-Share Index which opened at 21,330.79 lost 30.32 points or 0.14 per cent to close at 21,300.47. Similarly, the market capitalisation dipped N16 billion or 0.14 per cent to close at N11.100 trillion compared with N11.116 […]

Business

Investors lose N259.23bn as week begins negative

Ihesiulo Grace 24 March 2020 0

The Nigerian Stock Exchange equities market segment on Monday began the trading week southward, as market capitalisation lost N259 billion, following sell-off on high capitalised stocks. The All-Share Index (ASI) decreased by 497.45 absolute points, representing a dip of 2.24 per cent to close at 21,700.98 points. Similarly, the overall market capitalisation size shed N259

Business

Equities market drops by 2.25% amidst widespread of Coronavirus

Ihesiulo Grace 23 March 2020 0

The equities market of the Nigerian Stock Exchange (NSE) closed on a negative territory last week, dropping by 2.35 per cent to 22,198.43 basis points from 22,733.35 basis points as widespread of Coronavirus begins to create panic trading. The market Month-Till-Date dropped to -15.33 per cent, bring the equities market Year-Till-Date performance to -17.30 per […]

Business

NSE indices rebound as investors gain N63bn

Ihesiulo Grace 20 March 2020 0

The equities market of the Nigerian Stock Exchange (NSE) on Friday rebounded as trading on the floor closed upbeat with the All-Share Index growing by 0.54 per cent. Specifically, the index grew by 119.85 points or 0.54 per cent to close at 22,198.43 compared with 22,078.58 achieved on Thursday. Also, the market capitalisation of listed […]

Business

Edo Govt will seek funding from NSE for projects — Obaseki

Ihesiulo Grace 10 March 2020 0

Edo State Government says it is hopeful of raising instruments from the Nigerian Stock Exchange (NSE) for developmental projects. The State Governor, Godwin Obaseki, stated this on Monday during a courtesy visit to the NSE in Lagos. READ ALSO: Buhari sets- up 12-member coronavirus Obaseki, who assured the capital market community of partnership, said the […]

Business

Investors in equities market lose N329bn amid oil prices decline

Ihesiulo Grace 10 March 2020 0

Investors in the equities market of the Nigerian Stock Exchange (NSE) have recorded a huge loss of N329 billion due to a sharp decline in the global oil prices and rising cases of COVID-19. At the close of trading activities on Monday, the equities market capitalisation which opened at N13.694 trillion shed N329 billion to […]

Business

How global uncertainty dipped equities market by N1.2trn in February

Ihesiulo Grace 2 March 2020 0

Due to global economic uncertainty that led to investors profit-taking in key fundamental stocks, the equities market of the Nigerian Stock Exchange (NSE) has dropped by N1.2trillion in February 2020.  The market capitalization for all listed equities on the NSE closed the month under review at N13.66trillion 8.1 per cent or N1.2trillion decline from N14.86trillion […]

Business

Investors turn to equities market, FX amid OMO restriction – Analysts

Ihesiulo Grace 24 February 2020 0

Following the restriction on individuals from trading in the Open Market Operations (OMO), local investors now invest their funds in equities market of the Nigerian Stock Exchange (NSE) and foreign exchange market, analysts at EFG Hermes have said. They expressed in a report that local non-banks like Pension Fund Administrators (PFAs), individuals, companies, Non-Bank

Business

Equities market dips by N188bn over weak investors trading sentiment

Ihesiulo Grace 24 February 2020 0

The equities market of the Nigerian Stock Exchange (NSE) closed on a weaker investors trading, leading to N188 billion profit-taking in one week. Last week, the bears dominated the domestic equities market, amidst continued risk-off sentiments and the absence of positive market catalysts. Obiano Honoured as Change Ambassador in Nigeria For instance, the market

Business

Equities market rebounds as ASI gains 0.17%

Ihesiulo Grace 21 February 2020 0

The equities market of the Nigerian Stock Exchange (NSE) on Thursday recorded the first gain of the week as the All-Share Index (ASI) rose by 0.17 per cent due to buying interest in BUA Cement Plc and 18 other stocks. The All Share Index rose by 45.83 basis points or 0.17 per cent to 27,568.91 […]

Business

SEC may announce new recapitalisation programme for operators

Ihesiulo Grace 14 February 2020 0

Capital market operators should be bracing up for recapitalisation programme as indications emerged  that the Securities and Exchange Commission (SEC) may introduce  new minimum capital requirements. Mr Reginald Karawusa, SEC acting Executive Commissioner, Legal and Enforcement, gave the indication at a media session with Business Editors in Lagos to unveil the

Business

NSE market capitalisation loses N154bn

Ihesiulo Grace 11 February 2020 0

The Nigerian Stock Exchange (NSE) equities market resumed trading for the week on Monday still on a negative trend with the market indices dropping by N154 billion. Specifically, the market capitalisation dipped N154 billion or 1.05 per cent to close at N14.464 trillion in contrast with N14.618 trillion posted on Friday. Also, the All-Share Index […]

Business

NSE: Market indicators sustain downtrend by 0.02%

Ihesiulo Grace 22 January 2020 0

The Nigerian equities market sustained negative trend on Wednesday with the market indices dropping marginally by 0.02 per cent. Speficially, the All-Share Index dipped 4.55 points or 0.02 per cent to close at 29,458.21 compared with 29,462.76 recorded on Tuesday. Similarly, the market capitalisation lost three billion naira or 0.02 per cent to close at […]