Following the final declaration of the presidential election results, the Nigerian Stock Exchange (NSE) market capitalisation yesterday, lost additional N86 billion, to close at N12.024 trillion. The market sustained the sliding profile, as the All-share index (ASI) declined by 0.71 per cent, which also fell by 229.58 absolute points, representing a dip of 0.71 per…

Following profit taking by investors, the Nigerian equity market reversed its positive performance yesterday, as market capitalisation plummeted by N17 billion. Specifically, at the close of transactions yesterday, the All-Share Index (ASI) shed 45.40 absolute points, representing a dip of 0.14 per cent to close at 32,568.65 points. Similarly, the market capitalisation shed N17 billion…

The financial services sector yesterday reacted negatively to the uncertainty in the nation’s political environment as investors priced in the risks of election postponement on the stock market and exchange rate.

Massive sell-off hit the nation’s stock market yesterday, as volatility worsened ahead of the 2019 polls causing investors’ wealth to depreciate further by  N261 billion.   At close of trading Wednesday, the All Share Index (ASI), nose-dived by 699.35 absolute points or 2.33 per cent, falling below the 30,000-mark for the first time since May…

Investors’ appetite for highly capitalised stocks brought the equities market to a bullish close on the last trading day of the year, as the All-Share Index (ASI) rose by 1.27 per cent. Yesterday, the ASI was rose 392.78 absolute points, representing an increase of 1.27 per cent to close at 31,430.50 points; just as the…

Contrary to analysts’ expectations that the surge witnessed in the performance of the nation’s bourse in 2017 would translate to a high investment yield in 2018, stock market activities last year, remained feeble across sectors, as investors lost a whooping N4.2 trillion. Market watchers had predicted that the performance of listed firms will trigger an…

Stock market reversed previous day’s gains at the end of yesterday’s transactions, occasioned by price losses suffered by most highly capitalised stocks, as market capitalisation plunged by N39 billion. At the close of the transactions, the All Share Index (ASI) shed 109.21 absolute points, representing a dip of 0.35 per cent to close at 30,814.19…

Pressure from sell-off, which persisted at the end of last week’s transactions on the trading floor of the Nigerian Stock Exchange (NSE), sustained hold on the All-Share Index (ASI) and market capitalisation, as both depreciated by 0.63% and 0.58% to close the week at 30,672.79 points and N11.204 trillion respectively. Analysts, however, said the current…

Sustained negative investors’ sentiment on the equity sector of the Nigerian Stock Exchange (NSE) yesterday dragged the All-share index further by 0.24 per cent. At the close of trading yesterday, the All Share Index (ASI) shed 74.3 absolute points, representing a dip of 0.24 per cent to close at 30,568.05 points. Similarly, the market capitalisation…

Again, the Nigerian equity market was characterised by weak performances in November, which extended the downtrend on the back of dwindling investor confidence, and mixed economic fundamentals, causing market indices to dip further by N413 billion in one month.   Analysts linked the poor performance to a combination of weak and mixed third quarter earnings,…

Worried by the high level of illiquidity currently constraining efforts to restore confidence in the nation’s stock market, operators have urged government to urgently initiate intervention measures that would help reverse the long reign of bears and revive the market.    The operators, who lamented the persistent sell pressure and investors’ apathy that have bedeviled…

Investors’ flight for safety over uncertainties shrouding next year’s general elections has continued to take its toll on the equity sector of the Nigerian Stock Exchange (NSE), as the All-Share Index (ASI) and market capitalisation dropped further by 1.2 per cent to close the week at 31,678.70 points and and N11.565 trillion.   Similarly, all other…