Nigerian Stock Exchange
Fresh bargain-hunting spikes stock indices by N39b
Renewed bargain-hunting buoyed transactions on the equity sector of the Nigerian Stock Exchange (NSE), yesterday, as most blue chip stocks recorded price appreciation, causing market capitalisation to rise by N39 billion. Specifically, at the close of transactions yesterday, the All Share Index (ASI) was up by 105.77 absolute points, representing an increase of 0.33 per…
Bears regain dominance as NSE index dips 0.02%
Again, the bears regained dominance at the end of transactions yesterday on the equity sector of the Nigerian Stock Exchange (NSE), following price losses incurred by most blue chip companies, forcing the All-share index to drop marginally by 0.02 per cent.
Political uncertainties depress indices further by N46 billion
Uncertainties surrounding the upcoming 2019 elections have continued to depress transactions on the equity sector of the Nigerian Stock Exchange (NSE), as market capitalisation plunged further by N46 billion. At the reopening of transactions yesterday, the NSE-ASI shed 125.61 absolute points or 0.39 per cent to close at 32,201.98 points. Similarly, the market capitalisation…
Massive sell-off hits nation’s bourse, investors lose N423b in one day
Following massive sell pressure on the equity market yesterday, the local bourse recorded its biggest loss in eight months, as investors lose whooping N423 billion in one day.
Profit-taking drags stock market All-share index down 1.5%
Bearish sentiments resurfaced on the trading floor of the Nigerian Stock Exchange (NSE) yesterday, following profit-taking by investors, resulting to a significant drop in the All-share index by 1.5 per cent. Yesterday, the All Share Index (ASI) shed 519.31 absolute points or 1.49 per cent to close at 40,615.42 points, resulting to year-to-date loss of…
Stock index rises 0.3% amid renewed bargain hunting
Following renewed bargain hunting embarked upon by stock market investors, transactions on the equity sector of the Nigerian Stock Exchange (NSE), closed upbeat yesterday, as the All-share index rose marginally by 0.3 per cent.
Equity market depreciates 0.77% on banks’ stocks slump
Central Bank of Nigeria (CBN) huge fines on four deposit money banks over alleged illegal fund repatriation on behalf of MTN Nigeria weighed heavily on the local bourse yesterday, causing the All-share index to slide by 0.77 per cent. The Nigerian Stock Exchange-All Share Index (NSE-ASI) decreased by 272.27 absolute points, representing a 0.77 per…
Lafarge Africa plans EGM, seeks shareholders’ nod to raise N90b fresh fund
The board of Lafarge Africa Plc, on Monday, wrote the Nigerian Stock Exchange (NSE), announcing plans for an Extra-Ordinary General Meeting (EGM), on September 25, 2018, in Lagos, to authorise the directors to raise up to N90billion in fresh capital by way of rights to existing shareholders. The company will also seek approval “to apply…
Profit taking drags stock market indices by N57b
Hopes for a bulls’ run dimmed yesterday, following renewed profit-taking by investors at the Nigerian Stock Exchange (NSE), as the bears took centre stage again on equity transactions, reversing the Tuesday's positive sentiment, as market capitalisation depreciated by N57billion.