Nigerian stocks end week positive as benchmark index advanced 2.49% w-o-w
Businessam Staff
October 6, 2017

Nigerian equities Friday appreciated 1.53 percent to close benchmark index at 36,320.93 points as against 35,439.98 points closed last week. Thus Friday’s performance further lift the bourse’s index by 2.49 percent week-on-week Market capitalization at the close of trading was N12.502 trillion, just as 367.07 million units were traded in 3,773 deals, while value of stocks traded came to N3.74 trillion […]
Lafarge Africa gives update on its merger plans to the Nigerian Stock Exchange
Businessam Staff
September 27, 2017

Lafarge Africa Plc. has written to The Nigerian Stock Exchange (NSE) to give an update of its planned merger of United Cement Company of Nigeria Limited (UNICEM) and Atlas Company Limited (ATLAS) with its operations. In a notice to the NSE Tuesday, signed by Edith Onwuchekwa, its company secretary and legal director, Lafarge said the […]
Equity traders act like there’s little risk left in Europe
Businessam Staff
September 25, 2017

All’s quiet on the European front, if stock traders are to be believed. With Germany’s election — the fourth major one in the region this year — now out of the way, equity trading is the quietest since 2000 and a gauge of volatility hovering near a record low. Sentiment has been supported by steady economic […]
Shares up in Asia on relief at N.Korea inaction as oil price rises to $56
Businessam Staff
September 11, 2017

The U.S. dollar won a reprieve from risk aversion on Monday after North Korean Kim Jong Un held a party over the weekend rather than launch another missile, tempering safe havens such as the yen and Treasuries. In commodity markets, gold softened 0.7 per cent to 1,337.81 dollars an ounce and away from a one-year […]
Capitec overtakes Nedbank to become 4th largest by market value in SA
Businessam Staff
September 8, 2017

Capitec Bank Holdings Ltd. passed Nedbank Group Ltd. as South Africa’s fourth-largest lender by value to extend a market-beating rally that has made it the country’s best performing stock. The shares of Stellenbosch, South Africa-based Capitec rose 2 percent in Johannesburg on Thursday to close at 891.03 rand, giving it a market capitalization of 103 billion […]
Emerging markets main engine of global growth, says Jinping of China
Businessam Staff
September 6, 2017

President Xi Jinping of China has described emerging economies as the “main engine of global growth”, as economic indicators portrayed an economy making strong progress ahead of a crucial Communist party congress next month. Xi told fellow world leaders that emerging markets must “jointly seize the historical opportunity arising from the adjustment of world economic […]
Insurance, oil & gas stock indices rode the storm in a week of bears at Nigeria’s equities market
Businessam Staff
September 1, 2017

The four-day trading week, which ended Thursday, saw the insurance and oil and gas indices appreciating in a week dominated by losses. According to the Nigeria Stock Exchange (NSE) weekly report on the equities market, the NSE all-share index and market capitalization depreciated by 3.12 percent week-on-week to close the week at 35,504.62 points and […]
Global stocks mixed after China factory, Wall Street gains
Businessam Staff
August 31, 2017

KEEPING SCORE: In early trading, Germany’s DAX rose 0.6 percent to 12,075.51 and London’s FTSE 100 added 0.5 percent to 7,401.66. France’s CAC 40 gained 0.4 percent to 5,077.40. On Wednesday, the DAX and the CAC 40 both rose 0.5 percent while the FTSE 100 added 0.4 percent. On Wall Street, futures for the Dow […]
Stocks drop, gold leads Storm Haven rally on Korea fears
Businessam Staff
August 29, 2017

Headwinds stacked up for global markets on Tuesday, with stocks slumping across Europe and Asia and havens including gold jumping after North Korea fired a ballistic missile over Japan. Gasoline slipped even as energy companies braced for another hit from Tropical Storm Harvey. From London to Sydney equities retreated and volatility rose amid classic risk-off moves, with […]
U.S. equity funds post longest run of outflows since 2004
Businessam Staff
August 25, 2017

U.S. equity funds suffered their longest streak of outflows in 13 years as growing signs of political deadlock in Washington cast doubt on a rally that has taken the S&P 500 Index to record highs. Investors pulled $2.6 billion from U.S. stock funds in a 10th consecutive week of outflows, Bank of America Merrill Lynch said in […]