Facebook, tech shares drag S&P 500, Nasdaq lower
Businessam Staff
July 26, 2018
US stocks opened lower on Thursday with a Facebook-led tumble in tech shares dragging the Nasdaq and the S&P 500 lower, according to a Financial Times (FT) report seen by business a.m. According to the report, the S&P 500 was 0.3 per cent lower in early trading falling to 2,839.26, while the Nasdaq Composite was […]
Prospects of Trump’s last minute U-turn on tariffs buoy markets early Thursday while analysts call for caution
Businessam StaffJuly 12, 2018
Market speculation over the unpredictable Trump administration making a last-minute U-turn before the 10 percent tariffs on another $200 billion worth of Chinese imports come into effect in August has left investors hopeful as global equity bulls fought back in early trade Thursday. Investors are specifically weighing in on the prospects of possible trade talks […]
London Stock Exchange suffers first major trading blackout in years
Businessam StaffJune 7, 2018
Trading on the London Stock Exchange failed to start Thursday morning after the opening auction was delayed in a rare disruption for one of the largest equity markets in the world. A spokesman for the LSE blamed a “technical issue” for the one-hour delay with trading returning at 9am. LSE later said that trading was […]
NSE chief commends Dangote Cement, says stock performing under Majoku, group’s MD
Businessam StaffJune 7, 2018
Oscar Onyema, the chief executive of the Nigerian Stock Exchange (NSE) has commended Dangote Cement for its adherence to best corporate governance practices. The NSE chief gave the commendation while welcoming Joe Makoju, the group managing director of Dangote Cement, and his management team to the special sounding of the closing gong on the trading […]
Oscar Onyema, NSE CEO calls for policy reforms to propel economic growth through the capital market
Businessam StaffJune 1, 2018
Oscar Onyema, CEO of The Nigerian Stock Exchange, Friday called the attention of stakeholders to look towards policy reforms as catalyst for economic growth and advancement through the capital market. Oscar Onyema made this address at the 5th NSE/LSEG dual listings conference. He said “Just yesterday, the NSE ASI witnessed a reversal of all the gains […]
Nigeria and London Stock Exchanges deliberate on attracting global capital
Adesola AfolabiMay 31, 2018
The Nigerian Stock Exchange (NSE), and the London Stock Exchange Group (LSEG) will Friday, June 1, 2018, host the 5th edition of the NSE-LSE Dual Listing Conference to deliberate on strategies that will attract global capital for Nigeria’s economic reforms. Uncovering results from past held conferences, Oscar Onyema, CEO of the NSE stated that the […]
Nigeria FMDQ partners Frontclear on settlement guarantee fund for increased liquidity
Adesola AfolabiMay 31, 2018
FMDQ Clear Limited (FMDQ Clear), a wholly-owned clearing and settlement subsidiary of FMDQ OTC Securities Exchange, signed an agreement Thursday with Frontclear, a Netherlands-based development finance company, poised to deliver a first-class clearing structure in Nigeria’s financial markets as well as strengthen the Over-the-Counter (OTC) market liquidity. A statement from the Financial Market Dealers Quote on […]
Global markets drop as US confirms EU, Canada, Mexico steel, aluminium tariffs
Businessam StaffMay 31, 2018
Global markets fell Thursday afternoon as the threat of a global trade war reignited, after the White House confirmed the European Union, Canada and Mexico would face steel and aluminium tariffs from midnight tonight, according to business a.m. monitored reported. Officials failed to reach a deal to avert the levy before the exemption expires, US […]
Asian stocks recover after Italian political concerns ease
Businessam StaffMay 31, 2018
Asian stocks made moderate gains early on Thursday as global markets recovered after recent fears about Italy subsided. Japan’s Nikkei 225 rose 0.37 percent and Australia’s S&P/ASX 200 advanced 0.44 percent. Energy sector stocks in both countries traded higher after oil’s more than 2 percent gains overnight, with the Topix oil and coal products subindex […]
Nigeria bourse suspends Paints and Coatings Manufacturers’ shares as firm prepares to delist
Adesola AfolabiMay 30, 2018
The ordinary shares of Paints & Coatings Manufacturers Plc. have been suspended from trading on the floor of the Nigerian Stock Exchange (NSE) effective Wednesday, May 30, 2018, a market circular to all dealing members has revealed. The circular obtained by our correspondent explained that the suspension of trading in the shares of the company […]