Bearish sentiments in highcap stocks pull indices down by N9bn
The bearish sentiments witnessed in the Nigerian equities market extended into the third consecutive session, as sell pressure in highly capitalised stocks persisted, resulting to a further slide in market capitalisation by N9 billion. Specifically, at the close of trading yesterday, the All -Share Index (ASI) shed 19.89 absolute points, representing a dip of…
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…
Election postponement drags stock market All-share index by 1.6%
After eight days of bargain hunting activities, the bears upstaged the bulls yesterday on the trading floor of the Nigerian Stock Exchange, as investors reacted to the postponement of the Saturday general elections. Specifically, the All Share Index (ASI) shed 525.13 absolute points, representing a dip of 1.61 per cent to close at 32,190.07…
NSE indices sustain sliding profile, down by N21 billion
Transactions on the floor of the Nigerian Stock Exchange (NSE), continued on a downward note yesterday, following price losses suffered by most blue chip stocks, causing market capitalisation to dip further by N21billion.
Oil firms, others lift stock market index by 0.83%
Equity transactions on the floor of the Nigerian Stock Exchange sustained rising profile, following gains recorded by major highly capitalized stocks, especially Seplat and Mobil causing the All-share index to rise further by 0.83 per cent.