European shares rebound, euro set for best month in a decade
European shares recovered from their lowest levels in a month on Friday, as investors looked past a severe economic contraction in Germany and on to company earnings, while the euro reached its highest in more than two years, set for its best month in a decade. Reuters reports the pan-European STOXX 600 rose 0.74%, though […]
Equities market closes positive with N23bn gain
By Omobayo Azeez The Nigerian equities market closed on a positive note with a gain of N23 billion on Wednesday, the last trading day of the week, following gains recorded by 18 quoted firms. The key performance indices, NSE All-Share Index (ASI) and market capitalisation, appreciated by 0.18 per cent with market breadth closing […]
Bears’ return in large cap stocks cost equities N70bn
By Omobayo Azeez The bull’s party at Nigeria’s domestic stock market has been crashed by the return of the bears as the market reversed earlier profit to lose N70 billion on Tuesday. This trailed N186 billion profit recouped on Monday by investors. Consequently, the market contracted by 0.54 per cent to close last session as […]
Cement Stocks lead N186bn gain to commence July’s last trading week
By Omobayo Azeez The Nigerian stock market opened on Monday with a gain of N186 billion at the close of the sessionthat marked the start of the last trading week in July, 2020. The gain of the day was a rebound from the bearish outlook of the last trading session. Market benchmark indicator, the All-Share […]
Business a.m. newspaper: Monday, July 27 – Sunday, August 2, 2020
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Inflation to stimulate money flow into equities assets, say analysts
As market posts highest gain in 7 weeks; 94% rise in turnover By Omobayo Azeez A massive inflow of funds into equities investment has been envisaged by analysts on the back of rising inflation that is exerting negative impacts on other investment windows. The market analysts say they expect investors to bank on equities despite […]
Dangote Cement leads 8 others to lift NSE to N177bn gain
As investors await Dangcem’s HY numbers, share buyback action By Omobayo Azeez Dangote Cement Plc (Dangcem), leading a group of eight other gaining stocks, gave impetus to the Nigerian equities market on Thursday when the market posted a gain of N177 billion in the day’s trading. The market, which had remained in the red territory for five days in a row, heaved a sigh […]
NB, Dangcem, GTB push daily turnover to N4.46bn as stocks shed N2bn
By Omobayo Azeez The struggle for dominance between the bulls and the bears got tougher on Wednesday as mixed sentiments dominated activities at the Nigerian Stock Exchange (NSE) leaving investors with a marginal loss of N2 billion. However, the turnover for the session caught the attention of market observers as traded volume and value went […]
Stocks sustain downtrend, shed N9bn to open week
By Omobayo Azeez The Nigerian equities market commenced weekly trading on a negative note on Monday as investors lost N9 billion on their investment despite improved turnover for the session. As the market failed to pull out of the red territory, equities benchmark index shrank by 18.01 points or -10.07 per cent to close at […]
Investor entry window widens as equities pullback with N10bn weekly loss
By Omobayo Azeez Amidst a bearish Nigerian equities market, the window to clock into the market is getting wider at the moment following continuous fall in prices of some liquid shares with sound fundamentals. As investors lost to a tune of N10 billion to close last week, analysts described the development as a two-sided event […]