Unity Bank, Airtel Africa, others lead stock market’s N100b loss
Trading on the Nigerian Stock Exchange (NSE) reopened on a downturn yesterday, following losses suffered by most bluechip stocks, especially Unity Bank and Airtel Africa, as market capitalisation slumped by N100 billion.
Stock market still depressed after ministerial appointment
Hopes that the inauguration of President Muhammadu Buhari’s cabinet would spur activities and restore the nation’s bourse on a path of sustainable gains have been dashed, as investors’ wealth depreciated by N151 billion 14 days after their inauguration.
‘How increased activities of PFAs in stock market can stimulate investment’
The Association of Securities Dealing Houses of Nigeria (ASHON) has renewed the call for increased investment of Pension Fund Administrators (FPAs) in the market.
Stock market reverses previous gains, as index plummets by 0.7 per cent
Following price losses incurred by most blue-chip stocks, the Nigerian Stock Exchange (NSE) closed on a downward note yesterday, as the All-Share Index (ASI) slumped by 0.7 per cent.
Bargain-hunting ahead of H1 earnings triggers stock market recovery
After several weeks of persistent bearish trend, the Nigerian stock market rebounded yesterday, amid bargain-hunting in bellwether stocks, as the All-share index appreciated by 1.2 per cent.
Bears drag stock market index further by 0.6 per cent
Bears retained their hold on the equities sector of the Nigerian Stock Exchange (NSE), as sell pressure extended to the fourth trading session of the week, causing the All-share index to slump further by 0.6 percent.
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…
Investors lost over N4 trillion in 2018
Contrary to analysts’ expectations that the surge witnessed in the performance of the nation’s bourse in 2017 would translate to a high investment yield in 2018, stock market activities last year, remained feeble across sectors, as investors lost a whooping N4.2 trillion. Market watchers had predicted that the performance of listed firms will trigger an…
Wall Street poised to end 2018 in the red after topsy-turvy year
The US stock market was on the brink of the worst year since the global financial crisis with a year-end collapse that also raised doubts about prospects for 2019. Ending in the red after Monday's final session of 2018, did not appear in the cards in the first weeks of the year, when Wall Street…