By Temitope Adebayo The Nigerian stock market yesterday sustained its winning streak by N316 billion for the fourth day in a row, driven by positive sentiment seen in Seplat Energy Plc and 32 others. The All-Share Index rose by 578.82 per cent, representing a gain of 0.57 per cent, to close at 102,149.93 points. Similarly, […]
Major Chinese stock indices on Tuesday ended higher, with the benchmark Shanghai Composite Index up 0.5 per cent to end at 2,954.38 points. The Shenzhen Component Index closed 0.93 per cent higher at 9,642.09 points. However, the combined trading volume of stocks in the two indexes shrank to 357 billion yuan (or about 50.51 billion […]
Equities trading on the Nigerian Stock Exchange (NSE) reversed some of the gains garnered in the previous session as the All Share Index closed Wednesday 0.04 lower, at 40,772.26 points. The marginal loss recorded in the equities market was preceded by decline in the NSE Oil and Gas (-1.68 per cent), Industrial (-1.00 per cent) […]
Equities trading on the Nigerian Stock Exchange (NSE) closed Tuesday on a positive note as the lead market indicator, the NSE All share Index (ASI) grew by 0.63 per cent to settle at 40,788.68 points. The day’s performance preceded by growth in the NSE Banking Index (+1.32 per cent), Industrial Index (+1.75) and consumer goods […]
Nigerian stocks dropped to a three-month low after President Muhammadu Buhari said he would seek re-election in 2019, ending months of speculation about his future after bouts of ill health. The stock market, which opened on a losing streak after Lafarge Africa announced a surprise 2017 loss, worsened its decline. The equity market fell near […]
…as Dangote Sugar, 24 others record price depreciation 35 equities, led by Linkage Assurance, appreciated in price during the week ended 22nd December 2017, lifting the Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization by 0.22 to close the week at 38,522.14 and N13.709 trillion, respectively. The week ended with all other sectoral indices […]
Stakeholders of the Nigerian capital market have called for transparency in the ongoing demutualization process of the Nigerian Stock Exchange (NSE). The process seeks to transform the exchange into a public company. The stakeholders, who spoke to Daily Times Nigeria, said that the process of demutualizing the exchange plays a major role in determining the […]
The adage that “tough times do not last, tough people do’’ is fast becoming the experience of Nigeria in its fight against economic recession. It is also relevant to confirm the saying that “God is a Nigerian’’ in the sense that the speed at which the nation is coming out of recession remains unprecedented, indicating […]
Adesola Afolabi The Nigerian equities market closed negative for the second consecutive week, amid mixed corporate earnings, with the ASI shedding 0.34% w/w to 36,646.46 points. Losses prevailed across the Industrial Goods which closed the week ended 27th October 2017, 3.28 percent lower. The Insurance index towed similar line with a week decline of 3.08 […]
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 […]
Nigeria’s stock market rebounded from a three-day relapse by 1.04 per cent on Wednesday, as the All- Share Index (ASI) reclaimed the 35,000 benchmark to close at 35,207.89 points. The total value of all quoted companies measured as the market capitalisation also increased by N125 billion to close at N12.137 trillion, just as the average […]