Investors on the Nigerian Stock Exchange (NSE) lost N168 billion last week as listed companies continued to submit weak first-quarter results for the period ended March 31, 2020. Profit-taking across Dangote Cement Plc that depreciated by 4.4 per cent, Nestle Nigeria Plc down by 5.9 per cent and Tier-1 banks stocks caused a retrace in […]
Amidst global economy uncertainties and looming fear of Central Bank of Nigeria (CBN) devaluing naira, the share prices of most capitalised banks, other shares recorded surge investors profit-taking, leading to equities market dropping by N1.85trillion last week. The equities market opened for trading at N13.695trillion, dropping 13.5per cent to close on last Friday at N11.847 […]
Crude oil prices slipped back a little in Asia on Monday, possibly with investors taking some cash off the table ahead of important US and European data. Prices gained as the preceding week bowed out, boosted by a much stronger-than-expected US jobs report on Friday. There was also a degree of optimism that US-China trade talks may […]
Trading on the Nigerian Stock Exchange (NSE) reversed the positive trend yesterday, as investors engaged in profit-taking across all sectors. The All-Share Index (ASI) went southward by 233.98 or almost one percent to close the day at 26,346.24. On Monday, the index added 328.83 to close at 26,580.22. Market capitalization also dropped N80.5 billion to close […]