Nigeria Stock Exchange
Index slides 0.03 per cent as bearish hold strengthens
The bears strengthened their hold on the equities sector of the Nigeria Stock Exchange (NSE), occasioned by losses in some high cap stocks, resulting to a further decline in the index by 0.03 per cent.
Bears push further into February, as capitalisation plunges N160b
Despite the full year 2019 results being churned out by quoted companies, the equities market began the month of February on a bearish note amid weak investors’ sentiments, as market capitalisation slumped by N160 billion.
Stock market sustains rising profile, as indices appreciate by N66 billion
Transactions on the Nigeria Stock Exchange sustained rising profile yesterday, following buying interest in some blue-chip stocks, resulting to a further increase in market capitalisation by N66 billion.
Index records 7.8% loss in Q3 over uncertainties
For the third quarter ended September 30, 2019, performance of many listed firms at the Nigerian Stock Exchange (NSE), continued the depreciated due to uncertainties and absence of clear economic policy direction.
Oando, SEC tussle drags stock market’s indices by 2.05 per cent
The nation’s equity market closed trading on a volatile note last week, consolidating three consecutive sessions of losses after the two-day public holiday for Eid Mubarak.
Stockbrokers upbeat over MTN’s share listing tomorrow
Although the issue is still much under wrap, stockbrokers have expressed excitement to receive MTN Nigeria’s 20.4 billionshares at the local bourse tomorrow. The much-awaited listing of MTN Nigeria shares on the Nigeria Stock Exchange (NSE), is expected to happen thursday, according to market sources. Still, the bourse refused to confirm the development, except…
ICAN eyes software robotics, AI for work, members efficiency
The Institute of Chartered Accountants of Nigeria (ICAN), has disclosed plans to employ software robotics, Artificial Intelligence (AI), and blockchain technologies to enhance members efficiency. Chairman, ICAN Lagos Mainland and District Society, Reverend Olatunde Ayadi, said this, during the presidential visit of the National President, Razak Jaiyeola, to the district, hosted by Courteville Business Solutions…
Why Nigerian stocks are Africa’s cheapest
An equity market report which showed that Nigerian stocks are at present regarded as the cheapest in Africa, in relation to other major economies on the continent such as South Africa, Egypt, Kenya and Ghana sounded incredible but it is true.
Elections ‘fever’ sustains hold on equities market, indices fall further
Uncertainties surrounding the 2019 polls have continued to trigger sell-off pressure on the equities sector of the Nigeria Stock Exchange (NSE).
Low liquidity, political concerns drag stock market index by 1.3%
A mix of low liquidity and political concerns have continued to increase price volatility on the Nigeria Stock Exchange, as the index dropped by 1.3 per cent last week. Analysts have argued that the ongoing volatility will persist as third quarter numbers will assist investors and fund managers to rebalance their portfolios, while watching the…