Stock market rises further by 1.20%
Bulls extended their dominance in the Nigerian equity market to seventh successive sessions yesterday, as the All-Share Index (ASI) appreciated by 1.20 per cent.
Bearish run persists as index plummets further by 0.09%
Persistent bearish run at the nation’s bourse extended losses for the second consecutive session, resulting to a further decline in the All Share Index (ASI) by 0.09 per cent.
Market capitalisation inches to N490b ahead of inauguration
The Nigerian equities market yesterday experienced a turnaround with the market capitalisation improving by N490 billion or 3.68 per cent ahead of the May 29 inauguration. Specifically, the All-Share Index improved by 1,112.29 points or 3.68 per cent to close at 31,307.00, against the 30,194.71 recorded on Monday. Similarly, the market capitalisation inched N490 billion…
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…
Stock market rebounds amid renewed bargain-hunting
Following renewed bargain-hunting in most highly capitalized stocks, the five-day bearish run in the Nigerian stock market was halted at the end of transactions yesterday, as the All-share index appreciated marginally by 0.2 per cent.
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…
Stock market index depreciates further by 0.15% amid profit-taking
Transactions on the equity sector of the Nigerian Stock Exchange sustained a sliding profile, as more blue-chip stocks joined the league of losers, causing the All-share index to dip further by 0.15 per cent. Specifically, at the close of trading yesterday, the ASI shed 59.08 absolute points or 0.15 per cent to close at 38,605.07…