Investors' wealth slumps by 0.09% over weak patronage, apathy
Weak domestic patronage has continued to spur increased price volatility and apathy on the equity sector of the Nigerian Stock Exchange (NSE).
Bears maintain dominance as index depreciates further by 0.6%
Price losses incurred by most blue-chip stocks dragged the All-share index further by 0.2 per cent at the end of transactions yesterday, on the Nigerian Stock Exchange (NSE).
Share prices hit 10-year low amid uncertainties, weak economy, others
Prevailing economic downturn has continued to trigger persistent fall in share prices of listed firms, as share prices of most bluechip companies quoted on the Nigerian Stock Exchange (NSE), hit 10-year low under the current financial year.
Stock market index rises marginally by 0.05 per cent
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), closed upbeat yesterday, following price gains recorded by most blue-chip stocks, as the All-Share Index appreciated by 0.05 percent.
Uncertainty, apathy sustain selloff as index falls further by 1.27%
The All-Share Index (ASI) and market capitalisation slumped by 1.27 per cent over sustained selloffs pressure and low turnover at the close of trading...
Equities rebound as insurance stocks lift NSE’s indices by N44b
Price gains recorded by many blue-chip stocks especially by Veritas Kapital Assurance and Law Union and Rock Insurance, aided transactions on the equity sector...
Investors gain N60b as bargain-hunting triggers market activity
Fresh bargain-hunting in the shares of some bellwethers spurred activities on the equity sector of the Nigerian Stock Exchange (NSE) yesterday, causing market capitalisation to appreciated by N60 billion. The All-share Index (ASI) gained 163.96 absolute points, representing a growth of 0.51 per cent to close at 32,222.24 points. Similarly, market capitalisation rose…
Currency devaluation, forex, cost of fund push firms to N10 billion losses
Five manufacturing companies quoted on the Nigerian Stock Exchange (NSE) were among the big losers in the 2017 financial year, which presented operational challenges to the sector, as they lost more than N10 billion.
UACN appoints five new heads for subsidiaries
The United Africa Company (UAC) of Nigeria has announced the appointment of new heads for five of its subsidiaries. Among them is Mrs Oluwakemi Ogunnubi, who is now the Managing Director of Chemical and Allied Products PLC (CAP PLC) while Mr Taiwo Ajibola takes over as the Managing Director, MDS Logistics Limited. Mr Adedamola Olusunmade…