Falling oil price triggers over N1tr sell-off in stock market
No respite yet for Nigerian investors as over N1 trillion has been wiped off from the stock market in just three trading days amid growing fears of coronavirus spread and declining crude oil price
Heightening insecurity, Coronavirus scare drag index further by N174 billion
Following massive sell-offs on the shares of most bellwethers, trading at the nation’s stock market extended the losing streak for the eighth successive sessions
Equities sustain sliding profile as index plummets further by N84b
Transactions on the trading floor of the Nigerian Stock Exchange (NSE), continued on a downturn yesterday, even as more bluechip stocks depreciated in price, resulting...
Market reverses previous gains as index plunges by N74 billion
Following sell pressure in some bellwethers, the equities market reversed previous gains at the end of yesterday’s transactions, causing market capitalisation to depreciate by N74 billion.
Investors lose 1.7 per cent in five-day bearish trading
The free fall of equities on the Nigerian Stock Exchange (NSE) worsened at the close of transactions last week, as the benchmark All-Share Index (ASI) recorded five consecutive days of losses, breaking down its October 3, 2019, strong support level of 26,789.38 basis points.
Bears maintain dominance as index depreciates further by 0.6%
Price losses incurred by most blue-chip stocks dragged the All-share index further by 0.2 per cent at the end of transactions yesterday, on the Nigerian Stock Exchange (NSE).
Sell pressure on high cap stocks drags index further by 0.3%
Sell pressure, arising from profit taking in the shares of some highly capitalised stocks, especially Seplat and Total Nigeria pulled the index further by 0.3 per cent.
Renewed interest in high cap stocks lift index by 0.7 per cent
After days of downturn, the Nigerian equities market reopened upbeat yesterday, following renewed interest in some bellwethers, as the All-share index gained 0.7 per cent.