Wall Street takes a breather, Walgreens slumps on profit warning

April 2, 2019

A three-day surge in U.S. stocks stalled on Tuesday, as a profit warning from drugstore chain Walgreens Boots hit the pharma sector, while investors looked for signs of strength in the economy in the wake of growth worries. The Dow Jones Industrial Average was dragged down by a 12% slump in the shares of Walgreens […]

Negative trend persist as stocks plummet 1.6%

Adesola AfolabiApril 1, 2019

Equities segment of the Nigerian Stock Exchange began trading for the week on a negative note, following profit taking activities in Nestle Nigeria Plc (-8.3%) and Eco Transnational Incorporated (-3.4%) and losses in Nigerian Breweries (-5.6%). Consequent on this, the All Share Index (ASI) retreated by 1.6 percent to 30,531.69 points as year-to-date return further […]

U.S. stocks climb as treasury rally takes breather

March 26, 2019

U.S. stocks rallied and Treasuries fell as investor concern over an economic downturn showed signs of easing. The dollar edged higher. Every industry in the S&P 500 Index advanced, with technology and consumer shares leading gains. The yield on benchmark U.S. debt rose after closing below 2.4 percent on Monday, though the spread between three-month […]

Wall Street falls on global economic slowdown fears

March 25, 2019

Wall Street’s main indexes fell on Monday, dragged down by declines in high-growth technology shares, as fears of a global slowdown roiled the market for the second straight session. On Friday, weak factory data from the United States, Europe and Japan resulted in the main indexes posting their biggest one-day percentage declines since Jan. 3, […]

Capital market can lead Nigeria out of poverty- Experts 

Chris IkosaMarch 19, 2019

The government has been urged to make the capital market the fulcrum of its industrialisation agenda and economic development in a bid to urgently lead the country out of poverty. This was part of the resolutions at 3rd annual budget seminar of the SEC with the theme “Budgets, Elections and Capital Markets: Risks and Opportunities […]

Tech boosts Wall Street; Boeing keeps Dow in check

Chris IkosaMarch 18, 2019

The S&P 500 and Nasdaq on Monday extended last week’s gains, lifted by technology and financial stocks, as investors waited for the Federal Reserve’s policy meeting later this week for further clues on the pace of interest rate hikes. At the central bank’s two-day policy meeting which starts on Tuesday, the Fed is widely expected […]

Stocks slum as ASI dips 0.48%

Adesola AfolabiMarch 14, 2019

The Nigerian Stock Exchange (NSE) All Share Index (ASI) plunged by 0.48 percent Thursday, reversing gains recorded in previous session, amid renewed profit-taking activities by investors. Trading activity for the day which closed with 20 losers as against 10 gainers even saw share prices of big caps such as Dangote Cement, Zenith Bank, Guaranty Trust […]

SEC moves to create, amend rules guiding transactions; urges stakeholders on inputs

Adesola AfolabiMarch 14, 2019

Nigeria’s Securities and Exchange Commission (SEC) is proposing the introduction and amendment of some rules guiding participation and transaction in the country’s capital market and has called on inputs from stakeholders such as capital market operators, shareholders, dealers, brokers etc. In a notice placed on its official website, the commission said the new rules and […]

Wall Street lifted by benign economic data, gains in Boeing

March 13, 2019

U.S. stocks rose broadly on Wednesday after fresh economic data strengthened the Federal Reserve’s patient stance on future rate hikes and as Boeing rose for the first time since Sunday’s deadly crash of a 737 MAX 8 jet in Ethiopia. Producer prices barely rose in February, resulting in the smallest annual increase in more than […]