Slight relief as equities gain N12bn to commence week

29 min

By Omobayo Azeez     The Nigerian equities market marginally returned to bullish path on Monday as it commenced another trading week by gaining a sum of N12 billion to close the session.   This led to 0.09 per cent appreciation of the benchmark market index to close at 26,557.77 basis points, a development described […]

DMO Lists II FGN ₦15bn 7-Year Green Bond on NSE

October 14, 2019

By Omobayo Azeez The Debt Management Office (DMO) on Monday, October 14, 2019 listed on the Nigerian Stock Exchange (NSE) the Federal Government of Nigerian (FGN) N15 billion Green Bond on the daily official list. The 7-year g bond issued at coupon rate of 14.50 per cent on June 13, 2019 is due to mature […]

Stocks Climb With Investor Focus on Trade Talks: Markets Wrap

October 10, 2019

Stocks gained and Treasury yields jumped with traders taking an optimistic stance on the latest trade developments as a long-anticipated meeting between America and China got underway, and after contrasting reports on the talks spurred volatility. The pound jumped on talk of a Brexit deal. Banks and chipmakers led the S&P 500 Index higher, with an […]

Wall Street falls amid nervousness ahead of trade talks

October 7, 2019

U.S. stocks were down slightly in late afternoon trading on Monday as reports on the trade front kept investors cautious ahead of scheduled talks later in the week.   A report that Beijing was increasingly reluctant to agree to a broad trade deal pursued by President Donald Trump weighed on sentiment early. White House economic […]

Wall Street turns higher as services data lifts hopes of Fed rate cut

October 3, 2019

U.S. stocks turned positive in choppy trading on Thursday as U.S. services sector activity slowed to a three-year low, raising expectations of another interest rate cut by the Federal Reserve to stem a wider economic downturn. Wall Street’s main indexes dropped about 1% after the ISM’s non-manufacturing activity index for September fell to 52.6 from […]

Global stocks fall to lowest in month on U.S. growth worries

October 2, 2019

World equity benchmarks hit their lowest levels in a month Wednesday as signs of a slowdown in U.S. economic growth and weak earnings in Europe fanned fears that the U.S.-China trade war could push the global economy into a recession. A measure of U.S. manufacturing released Tuesday fell to its lowest level in more than […]

Equities dip 0.16% ahead of Independence Day break

October 1, 2019

By Omobayo Azeez     Ahead of Tuesday’s holiday declared by the federal government of Nigeria in commemoration of the country’s 59th Independence Day, the Nigerian Stock Exchange has lost value by 0.16 per on Monday to commence the four-day trading week. The day’s loss was driven by selloffs of large-caps MTNN, ETI, and Unilever, Seplat, Ecobank […]

Stock market recorded N245bn gain in Q3

Businessam StaffOctober 1, 2019

Despite persistent sell-offs and losses witnessed in the equities market recently, a total of N245bn net gain was recorded in the third quarter of the year. The market capitalisation of equities, which opened the third quarter at N13.250 trillion, closed the quarter at a value of N13.450 trillion. But at the end of the last […]

Wall Street higher on Apple-led rally in technology shares

September 30, 2019

Technology stocks led by Apple lifted Wall Street’s main indexes on Monday, as investors looked past last week’s reports that Washington was considering delisting Chinese companies from U.S. stock exchanges. Apple Inc rose 1.3% as chief executive officer, Tim Cook, told a German daily, Bild, that iPhone sales were off to a strong start, and JP Morgan raised its iPhone […]