NSE lists FBNQuest Merchant Bank’s N5bn bond
Omobayo Azeez
May 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 […]
Profit-taking takes tolls as equities slip 1.41% to close week
Omobayo AzeezApril 28, 2020
By Omobayo Azeez Investors predictably embarked on profit-taking spree last week, cashing in on the recorded gains of the previous two weeks when the equities market soared on account of positive rallies on the shares of tier one banks and fundamentally healthy stocks. As the market closed last week however, the stocks that gained earlier […]
Stock market sustains uptrend, investors gain N344bn
Businessam StaffApril 16, 2020
The Nigerian Stock Exchange on Wednesday maintained its uptrend of gains, extending positive sentiment to five consecutive trading sessions, with a gain of N343.96bn. The market breadth closed on a positive note, recording 28 gainers as against 11 losers. Consequently, the All-Share Index grew by 659.99 basis points or 3.02 per cent from 21,879.95 index […]
Respite as investors gain N133bn on equities
Omobayo AzeezApril 8, 2020
By Omobayo Azeez The tide turned for investors at the Nigerian Stock Exchange (NSE) on Tuesday as the local bourse closed positive with a capital net gain of N133 billion. The gain of the day was specifically driven by investors’ massive demand for MTN Nigerian and WAPCO stocks which appreciated in prices by 3 per […]
DanCem leads six others to lift equities with N10bn gain
Omobayo AzeezApril 2, 2020
By Omobayo Azeez At the close of the first positive trading session in the week, the stock of Dangote Cement Plc led six others to shore up depleting capitalization of equities at the Nigerian Stock Exchange (NSE) with N10 billion profit. The market has been on free fall due to disturbing macroeconomic headwinds in the […]