Sell pressure propels bearish sentiment as investors lose N261b
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' interest in bellwethers lift NSE's index by 1.27 per cent
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…
Yuletide rally lifts investors’ wealth by N436 billion
After a period of persistent sell pressures and volatility witnessed in the market, as well as the lingering political uncertainties surrounding Nigeria’s 2019 general election, the stock market witnessed a rally yesterday, as indices appreciated by N436 billion.
Investors’ wealth depreciates by N39b
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…
Dangote staff plead guilty in alleged N15m fraud
Hearing in an alleged N15 million fraud involving three employees of Dangote Cement and another accused took a dramatic turn as the first and second defendants...
Stock market resumes December trading with N27b losses
For the first trading day in December, the Nigerian equities market closed lower at the end of Monday’s transactions, occasioned by price losses in medium and highly capitalised stocks, as market capitalisation fell by N27 billion.
Bears shrink market index further by 1.3 per cent
The bears strengthen their hold on the equity sector of the Nigerian Stock Exchange (NSE), as more bluechip stocks join the league of losers, as the All-share index plunged further by 1.3 per cent.
Bearish sentiments persist as indices plunge further by N55b
Following persistent price losses incurred by bellwether stocks, transactions on the floor of the Nigerian Stock Exchange (NSE), continued on a downward note yesterday, causing market capitalisation dip further by N55 billion. As a result, the All-share Index (ASI) was down by 150.24 absolute points, representing a decrease of 0.48 per cent to close at…
Positive investors’ sentiments lift NSE’s indices by N105b
Investors’ positive sentiments on high capitalised stocks buoyed transactions in the equity sector of the Nigerian Stock Exchange (NSE) yesterday, as market capitalisation increased by N105 billion.
Renew sell pressure hits stock market as investors lose N287b
Following renewed profit taking, transactions on the Nigerian Stock Exchange (NSE) closed on a downward note, as investors lost N287 billion yesterday...