The equities market revisited by the bears on Tuesday as investors lost N118.4bn from sell-offs in DangCem, Ecobank, Fidelity Bank
Charles AbuedeMarch 30, 2021
Charles Abuede The bears revisited the Nigerian Equities Market on Tuesday to reverse previous session gains as the Nigerian Bourse continues its staggering movement which saw the All Share Index dipped by 0.57 per cent in the session to close at 39,267.11 basis points. This outing pegged the market capitalization at N20.54 trillion from […]
Stocks edge higher on Thursday as buying interest in banking and ICT indices fuelled N106.5bn profit for investors
Charles AbuedeMarch 25, 2021
Charles Abuede The consecutive positive tides continued in the market for a second straight session as a result of the impressive corporate earnings and buying interest in Stanbic IBTC (+9.2%), MTN Nigeria (+1.2%), and GTBank (+0.5%). This fuelled the NSE- All-Share Index to rise 0.53 per cent to 39,293.14 points while the market year to date loss improved to -2.4 […]
SEC Re-introduces periodic registration renewal for CMOs to reduce unethical market practices
Charles AbuedeMarch 25, 2021
Charles Abuede With a concerted effort aimed at bringing to the low the incidences of unethical practices by capital market operators (CMOs), the Securities and Exchange Commission (SEC) has re-introduced the periodic renewal of registration by the CMOs. The regulator said the move was aimed at having a reliable data bank of all CMOs […]
The bulls reign with price appreciations in DangCement, MTN, Stanbic to give investors N199.2bn
Charles AbuedeMarch 24, 2021
Charles Abuede At the close of trading at the domestic equities market on Wednesday, the run-up in the prices of top counters resulted from the spate of upbeat earnings releases brought about an upturn courtesy of strong buying interest in Dangote Cement (+2.3%), MTN Nigeria (+2.4%), and Stanbic IBTC (+10.0%) weighed positively on Wednesday’s performance. Thus, the All-Share […]
Bearish sentiment returns in local bourse with price decline in major market tickers; investors lost N9.4bn
Charles AbuedeMarch 23, 2021
Nigerian naira stays calm in the streets but appreciates in the I & E window Charles Abuede The Nigerian Equities Market had a marginally negative outing in Tuesday’s session due to the profit-taking witnessed across top tickers while Price declines in Zenith Bank (-2.2%), ETI International (-5.9%) and Flour Mill (-2.4%) dragged performance in the market. Consequently, the benchmark index declined […]
Gains in banking and industrial goods stocks lift market performance as investors smiled with N109.2bn profit
Charles AbuedeMarch 18, 2021
Charles Abuede The Nigerian equities market rebounded from its previous day’s loss, buoyed by an upsurge in the banking sector largely influenced the market’s positive performance on Thursday; as a result, gains in GTBank (+6.4%), Zenith Bank (+7.3%) and Wapco (+2.7%) buoyed performance in the market today. Consequently, the benchmark index rose 0.54 per cent to 38,914.84 points, while the market year to […]
Market reverses positive sentiment, underpinned by sell pressures in the banking and insurance space
Charles AbuedeMarch 17, 2021
Charles Abuede The mood in the market was mildly negative on Wednesday, underpinned by sell pressures in the banking space. Retreating from Tuesday’s gains, the local bourse finished the day slightly lower, indicating a 0.04 per cent drop in the NSE-ASI to 38,706.13 points following sell-offs across GUARANTY (-1.8%), FBNH (-1.4%), and MANSARD (-5.1%). Accordingly, the market […]
Market closes up as gains in MTN, DangCement, Guinness Plc lift the ASI by 0.41% due to buying interests
Charles AbuedeMarch 16, 2021
Charles Abuede Despite the plunge witnessed in the banking sector due to the price depreciation in GTBank and Zenith Bank, the local bourse posted positive gains on Tuesday, on the back of buying pressures in the market’s heavyweights. thus, after five consecutive bearish runs, the benchmark index gained 0.41 per cent to 38,720.81 points […]
MTN Nigeria issues N200bn Series III and IV Commercial Papers; says proceeds to be used as working capital
Charles AbuedeMarch 16, 2021
Charles Abuede MTN Nigeria, the leading telecommunications operator in the largest telecoms market in Africa, has announced the issuance of its Series III (180-day tenor) and Series IV (270-day tenor) Commercial Paper under its N200 billion Commercial Paper Issuance Programme which is scheduled by the company to close on Wednesday, March 17, 2021. The […]
Investors lose N45.3bn as market opens in red with price depreciation from GTBank, Nigerian Breweries
Charles AbuedeMarch 15, 2021
Charles Abuede The equities market remains depressed in the first trading sessions of the week as selloffs across top counters persist due to price depreciation in GTBank (-2.6%), Nigerian Breweries (-5.3%) and International Breweries (-3.8%) which dragged down the benchmark index by 0.22 per cent to 38,561.84 points. Consequently, the market year to date loss worsened to -4.2 per cent and […]