Nigerian Stock Exchange
Stock market investors lose over N3tr to political intrigues
Alleged political intrigues ahead of the 2019 elections have taken a severe toll on the nation’s stock market, causing investors to lose over N3.43 trillion in nine months of persistent decline.
Massive sell-off depresses stock market indices by N294b in four days
Tensions ahead of the 2019 polls have continued to take its toll on the equities sector of the Nigerian Stock Exchange (NSE) as investors’ wealth depreciates by N294 billion in four days amid massive dumping of shares.
Volatility persists as stock market plunges further by N62 billion
Sustained negative sentiment on the trading floor of the Nigerian Stock Exchange (NSE) yesterday pulled market capitalisation further by N62 billion, as equities extended previous day’s losses.
Regulators blame shareholders for asset losses
Capital market regulators have blamed shareholders for their investment losses, urging them to report corporate governance lapses perpetrated by the boards...
Investors’ dividend earning pursuit pushes index further by 1.36%
As earnings reporting season draws closer, with less than three weeks to the general elections, the nation’s equities market has continued to trend upwards, occasioned by price gains in banking and some blue chip stocks with track records of dividend payment in the last four to five years. The development comes just as the…
Dangote Cement, GTB, others lead N44 billion market gain
Equity transactions on the trading floor of the Nigerian Stock Exchange (NSE), sustained rising profile, following price gains by the bellwethers, especially Dangote Cement, and Guaranty Trust Bank (GTB), as market capitalisation appreciated further by N44 billion. At the close of transactions yesterday, the index rose by 111.04 points or 0.36 per cent to close at…
Operators task government on conducive climate for investment inflow
Worried by the over N4 trillion losses incurred by investors due to macroeconomic challenges accentuated by political uncertainties, capital market operators have urged government to instil credibility into the nation’s electioneering process, to make investment environment more conducive. They argued that this would help sustain the gradual recovery witnessed currently in the stock market, and…
Indices reverse gains as market capitalisation sheds N101 billion
Following price losses suffered by the bellwethers, the Nigerian Stock Exchange (NSE) reversed its seven-day positive performance yesterday, as market capitalisation depreciated by N101 billion. Specifically, at the close of trading on Monday, the All Share Index (ASI) was down by 272.45 absolute points, representing a decline of 0.88 per cent to close…
Investors jostle for cheap stocks ahead of earnings reports
Despite the seeming low liquidity, the Nigerian Stock Exchange (NSE) resumed its recovery trajectory weekend after six consecutive losses, as investors renewed buying interest largely due to low prices ahead of full-year earnings reports.
Financial stocks contribute 89% to equity turnover
The financial services industry dominated activities in volume terms, at the end of last week’s transactions on the trading floor of the Nigerian Stock Exchange (NSE), leading the chart with 1.13 billion shares worth N10.57 billion in 10,352 deals.