Trading sustains positive on NSE, up by 1.74%
The Nigerian equities on Monday extended positive stance with the crucial market indicators appreciating by 1.74 per cent. The News Agency of Nigeria (NAN) reports that the market capitalisation inched N220 billion to close at N12.938 trillion against N12.718 trillion. Similarly, the All-Share Index which opened at 28,871.93 rose by 501.47 points or 1.74 points…
Bearish hold weakens market index further by 0.5 per cent
Equity transactions sustained the sliding profile at the end of trading yesterday, recording three days of consecutive downturn, as the bears maintained their hold, causing the All-share index to dip further by 0.5 per cent.
NSE rebounds as bargain hunting pushes index by 0.1%
After few days of downturn, and the bulls upstaged the bears on the trading floor of the Nigerian Stock Exchange (NSE), occasioned by bargain hunting in the bellwethers, as the All-share index increased marginally by 0.1 per cent.
Selloff persists as stock market plummets further by N2bn
The dominance of the bears has continued unabated on the equity sector of the Nigerian Stock Exchange (NSE), even as more blue-chip stocks join the league of losers, resulting to a further slide in market capitalisation by N2billion. Specifically, at the close of transactions yesterday, the All-share index (ASI) shed 3.67 absolute points,…
Post-election apathy, liquidity shortfall pare investors’ fortune
A significant shortfall in availability of cash at the disposal of money market operators, occasioned by increased post-election apathy, has continued to fuel persistent sell pressure on the equities sector of the Nigerian Stock Exchange (NSE), causing investors’ wealth to plunge further by 2.5 per cent as at Friday. A review of market performance last…
Market rebounds by 0.7% on expectations of bumper earnings
After few days of downturn, expectations of brighter outlook on companies’ performance for the 2018 financial year, spurred investors’ appetite in some highly capitalized stocks yesterday, causing the All-share index to rise by 0.7 per cent.
Dangote Cement posts N390.3 billion full year profit
Dangote Cement has posted a Profit After Tax (PAT) of N390.32 billion in its 2018 operations, against N204.25 billion achieved in the corresponding period in 2017. Besides, the firm has maintained its dominance of the Nigerian market, accounting for 65 per cent of the total volume sold in the domestic cement sector in…
Unilever, Dangote Cement, others trigger stock market rebound
Renewed bargain-hunting on some blue-chip companies, especially Unilever and Dangote cement, aided transactions on the Nigerian Stock Exchange (NSE), causing market capitalisation to increase by N14 billion.
Dangote Cement, GTB, others lead N44 billion market gain
Equity transactions on the trading floor of the Nigerian Stock Exchange (NSE), sustained rising profile, following price gains by the bellwethers, especially Dangote Cement, and Guaranty Trust Bank (GTB), as market capitalisation appreciated further by N44 billion. At the close of transactions yesterday, the index rose by 111.04 points or 0.36 per cent to close at…