Losses on equities moderate as investors recoup N375bn
Omobayo Azeez
May 6, 2020
By Omobayo Azeez Following another positive session that yielded N375 billion in profit to the delights of investors, earlier negative year-to-date returns on the equities market eased to -11.3 per cent while month-to-date gain stood at 3.4 per cent as at Tuesday. The sustained uptrend in the market jacked up the Nigerian Stock Exchange All-Share […]
NSE gains N140bn in three days
Omobayo AzeezApril 30, 2020
As Index firms up by 0.62% to sustain rally By Omobayo Azeez The Nigerian Stock Exchange (NSE) is growing stronger in the green territory following another session that closed positive on Wednesday, as the stock index firmed up by 0.62 per cent. Since the market opened on Monday, investor confidence has remain positive, propelling the […]
Profit-taking takes tolls as equities slip 1.41% to close week
Omobayo AzeezApril 28, 2020
By Omobayo Azeez Investors predictably embarked on profit-taking spree last week, cashing in on the recorded gains of the previous two weeks when the equities market soared on account of positive rallies on the shares of tier one banks and fundamentally healthy stocks. As the market closed last week however, the stocks that gained earlier […]
Stock market sustains uptrend, investors gain N344bn
Businessam StaffApril 16, 2020
The Nigerian Stock Exchange on Wednesday maintained its uptrend of gains, extending positive sentiment to five consecutive trading sessions, with a gain of N343.96bn. The market breadth closed on a positive note, recording 28 gainers as against 11 losers. Consequently, the All-Share Index grew by 659.99 basis points or 3.02 per cent from 21,879.95 index […]
Respite as investors gain N133bn on equities
Omobayo AzeezApril 8, 2020
By Omobayo Azeez The tide turned for investors at the Nigerian Stock Exchange (NSE) on Tuesday as the local bourse closed positive with a capital net gain of N133 billion. The gain of the day was specifically driven by investors’ massive demand for MTN Nigerian and WAPCO stocks which appreciated in prices by 3 per […]
DanCem leads six others to lift equities with N10bn gain
Omobayo AzeezApril 2, 2020
By Omobayo Azeez At the close of the first positive trading session in the week, the stock of Dangote Cement Plc led six others to shore up depleting capitalization of equities at the Nigerian Stock Exchange (NSE) with N10 billion profit. The market has been on free fall due to disturbing macroeconomic headwinds in the […]
NSE index dips further by 0.14%
Omobayo AzeezApril 1, 2020
By Omobayo Azeez The benchmark index tracking rises and falls of share prices at the Nigerian Stock Exchnage (NSE) sustained its southward movement on Tuesday to close negative after depreciating by 0.14 per cent. The index, popularly known as the All-Share Index (ASI) shed 30.32 points to close at 21,300.47 basis points from 21,330.79 points […]
Stock market loses N277bn in value
Omobayo AzeezMarch 31, 2020
By Omobayo Azeez The aggregate value of stocks listed at the Nigerian Stock Exchange (NSE) nosedived as the equities market opened on Monday by losing N277 billion at the close of the session. The negative trend was principally fuelled by sell-offs in the stocks of MTN Nigeria and tier-1 banks’ stocks, dragging down All-Share Index […]
London Stock Exchange allows delayed dividend over coronavirus disruption
Omobayo AzeezMarch 26, 2020
By Omobayo Azeez The London Stock Exchange Group Plc (LSE) is to allow companies listed on its market to delay the payment of dividends by up to 30 days as markets grapple with the impact of coronavirus. “As a result of market conditions and issuers implementing their contingency plans, the Exchange has received enquiries from […]
Equities: GTBank, Union Bank, Access Bank lead in N15bn daily gain
Omobayo AzeezMarch 26, 2020
By Omobayo Azeez Daily profit recouped on equities by some 24 listed companies at the close of activities at the Nigerian Stock Exchange on Thursday was led by Guaranty Trust Bank (GUARANTY), Union Bank of Nigerian (UBN) and Access Bank Plc. Investors closed the session on a positive note as the equities benchmark index appreciated […]