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 […]
Fund managers reveal their top-5 stock picks for 2021; Zenith, Access still in the game
Charles AbuedeMarch 12, 2021
Charles Abuede Top Nigerian fund managers from the leading asset management houses in Nigeria have highlighted the top pick stocks to watch out for in 2021 following their performances in the previous year and their prospect which investors are seeking for as they prowl for best returns in the Nigerian equities market. Recently, Business […]
Investors lost N122.5bn as local stocks recoil gains resulting from selloffs in Dangote Cement, Zenith Bank, Nigerian Breweries
Charles AbuedeMarch 12, 2021
Charles Abuede The equities market retreated from the gains recorded in the previous trading session due to selloffs in Dangote Cement (-3.5%), Zenith Bank (-1.4%) and Nigerian Breweries (-1.4%) pushed the NSE all share index southward by 0.60 per cent to 38,697.17 points. As a result, market year to date return loss worsened to -3.9 per […]
Pressured sell-offs in large-cap stocks forces market into red as investors lost N371.3bn on Tuesday
Online EditorMarch 10, 2021
Charles Abuede The Nigerian equities market reversed Monday’s trading session gains to resume its bearish run as pressured sell-offs in large capitalization stocks such as; MTN Nigeria (-5.9%), Zenith Bank (-12.7%), Wapco Plc (-7.95%), and UBA (-10.0%)pushed the NSE-ASI lower by 1.80 per cent to settle at 38,686.85 points. Hence, the market year to date […]
Equities sustain gaining streak with N39bn
Omobayo AzeezAugust 5, 2020
By Omobayo Azeez The local bourse gained for the third straight session, as the market value advanced by 0.3 per cent on Tuesday following rallies in the shares of some 23 tickers. Market’s benchmark index, the All-Share Index (ASI) added 75.82 points to close at 24,841.94 basis points while investors recouped N39 billion on market […]
Analysts made ‘buy call’ on Zenith, MTN, UBA, FBNH, GTB as trading week opened
Phillip IsakpaMay 13, 2020
Trading in equities on the Nigerian Stock Exchange is already half way gone. While investors, analysts and casual observers must now be anxiously looking forward to what the final indices, including the All-Share Index (ASI), the NSE 30, as well as the different sectoral indices, will post at the close of trading on Friday, analysts […]
CBN lifts suspension on cheque clearing
Businessam StaffApril 29, 2020
The Central Bank of Nigeria (CBN) has directed deposit money banks to attend to customers who wish to clear cheques. In a statement by Sam Okojere, director, banking services department, CBN, the apex bank said that the suspension placed on cheque clearing has been lifted effective April 28. CBN had on March 30, suspended cheque […]
Inflation rate to hit 12.37% in February, analysts predict
Omobayo AzeezMarch 17, 2020
By Omobayo Azeez Experts in the Nigerian capital market have forecast a rise in February inflation rate from 12.13 per cent in the previous month to 12.37 per cent. This shows a possibility of 0.24 per cent point increase in the yet-to-be released consumer purchasing index report by the National Bureau of Statistics (NBS) for […]
Access Bank lists N15bn green bond on LuxSE
Omobayo AzeezMarch 17, 2020
By Omobayo Azeez Access Bank says it has completed the listing of its N15bn green bond on the Luxembourg Stock Exchange (LuxSE). According to the lender in a statement, the green bond comes at 15.50 per cent fixed rate, adding that the unsecured climate-credential green bond marks a major milestone in the development of the […]
NSE may trigger circuit breaker to check stock market plunge
Businessam StaffMarch 4, 2020
There are indications that the Nigerian Stock Exchange (NSE) may trigger its index circuit breaker if the stock market continues to plunge, in order to protect investors. The market, which had started 2020 on positive note, gaining 7.5 per cent in the first month, has remained bearish since the second month, shedding 9.1 per cent. […]