Equities in downward spiral as investors’ doubts persist, lose N38bn
Businessam Staff
June 23, 2020
Investors refrained from high trading on the floor of the Nigerian Stock Exchange yesterday as they wait to see the direction of the economy in the face of mounting Coronavirus pandmic cases. Equities shed a total of N38bn at the end of trading. Both the NSE all share index and market capitaisation fell as a […]
Wall Street grows in momentum as investors prioritise fundamentals above virus cases
Businessam StaffJune 22, 2020
Wall Street’s three major indexes gained ground on Monday with the biggest boost from technology stocks as investors appeared to look past the potential economic impact of rising coronavirus cases in the United States and other major economies. The World Health Organization reported a record rise in global coronavirus cases on Sunday, driving demand for […]
Wall Street advances on signs of economic rebound
Businessam StaffJune 2, 2020
U.S. stocks posted modest gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on lifting lockdown restrictions and signs of economic recovery. Cyclical stocks like financials and industrials gave the biggest lift to the S&P 500 and the Dow, while tech shares boosted the Nasdaq. “There is […]
S&P 500, Dow open higher as Boeing resumes 737 MAX production
Businessam StaffMay 28, 2020
The S&P 500 and Dow Jones indexes opened higher on Thursday, boosted by Boeing shares as the planemaker resumed production of its 737 MAX jets, but simmering tensions between the United States and China kept investors on edge. The Dow Jones Industrial Average rose 149.09 points, or 0.58%, at the open to 25,697.36, and the […]
NSE lists FBNQuest Merchant Bank’s N5bn bond
Omobayo AzeezMay 18, 2020
By Omobayo Azeez The Nigerian Stock Exchange (NSE) has successfully listed the N5 billion three-year bond of FBNQuest Merchant Bank on the domestic bourse. This was in fulfilment of its promise to continue to provide stakeholders with access to capital even in the face of the COVID-19 pandemic. The Exchange further amplified this through the listing of the N5 billion […]
Equities bullish on IMF fund, cheap asset prices, easing lockdown
Omobayo AzeezMay 12, 2020
As investors close week with N534bn profit Bulls dominate global By Omobayo Azeez As against the negative indication of being positive of the Coronavirus pandemic, the Nigerian equity market closed activities on a positive note last week as investors recouped total profit of N534 billion. Analysts in the capital market remarked that the development was […]
S&P 500 edges higher as tech, healthcare shares shine
Businessam StaffMay 11, 2020
The S&P 500 ticked higher on Monday as gains in healthcare and technology stocks countered losses in financials, while investors kept an eye on new coronavirus cases as several countries ease lockdowns. The tech-heavy Nasdaq was headed for its sixth straight day of gains, while the Dow Jones index slipped about 0.2%. Technology and healthcare, […]
Global stock markets lose $18tn to pandemic, says report
Businessam StaffMay 11, 2020
Over $18 trillion has been wiped out globally by the COVID-19 crisis between February and March 2020, even as capital markets maintained their role of facilitating the transfer of funds in the real economy. In the first quarter 2020 and the full-year 2019 market financial report just released by the World Federation of Exchanges (WFE), […]
Losses on equities moderate as investors recoup N375bn
Omobayo AzeezMay 6, 2020
By Omobayo Azeez Following another positive session that yielded N375 billion in profit to the delights of investors, earlier negative year-to-date returns on the equities market eased to -11.3 per cent while month-to-date gain stood at 3.4 per cent as at Tuesday. The sustained uptrend in the market jacked up the Nigerian Stock Exchange All-Share […]
NSE gains N140bn in three days
Omobayo AzeezApril 30, 2020
As Index firms up by 0.62% to sustain rally By Omobayo Azeez The Nigerian Stock Exchange (NSE) is growing stronger in the green territory following another session that closed positive on Wednesday, as the stock index firmed up by 0.62 per cent. Since the market opened on Monday, investor confidence has remain positive, propelling the […]