NSE index dips further by 0.14%
Omobayo Azeez
April 1, 2020
By Omobayo Azeez The benchmark index tracking rises and falls of share prices at the Nigerian Stock Exchnage (NSE) sustained its southward movement on Tuesday to close negative after depreciating by 0.14 per cent. The index, popularly known as the All-Share Index (ASI) shed 30.32 points to close at 21,300.47 basis points from 21,330.79 points […]
Stock market loses N277bn in value
Omobayo AzeezMarch 31, 2020
By Omobayo Azeez The aggregate value of stocks listed at the Nigerian Stock Exchange (NSE) nosedived as the equities market opened on Monday by losing N277 billion at the close of the session. The negative trend was principally fuelled by sell-offs in the stocks of MTN Nigeria and tier-1 banks’ stocks, dragging down All-Share Index […]
London Stock Exchange allows delayed dividend over coronavirus disruption
Omobayo AzeezMarch 26, 2020
By Omobayo Azeez The London Stock Exchange Group Plc (LSE) is to allow companies listed on its market to delay the payment of dividends by up to 30 days as markets grapple with the impact of coronavirus. “As a result of market conditions and issuers implementing their contingency plans, the Exchange has received enquiries from […]
Equities: GTBank, Union Bank, Access Bank lead in N15bn daily gain
Omobayo AzeezMarch 26, 2020
By Omobayo Azeez Daily profit recouped on equities by some 24 listed companies at the close of activities at the Nigerian Stock Exchange on Thursday was led by Guaranty Trust Bank (GUARANTY), Union Bank of Nigerian (UBN) and Access Bank Plc. Investors closed the session on a positive note as the equities benchmark index appreciated […]
Equities reverse gain as index dips 0.05%
Omobayo AzeezMarch 25, 2020
By Omobayo Azeez Share trading at the Nigerian Stock Exchange (NSE) returned to the red territory as investors’ activities on Wednesday resulted into a decline by 0.05 per cent in the market value. The fall translated to 11.68 dropped points in the equities All Share Index (ASI) which closed at 21,729.28 basis points, an equivalent […]
Equities benchmark index plunges below 22,000 points
Omobayo AzeezMarch 24, 2020
As market shed N259bn to open week By Omobayo Azeez All Share Index (ASI) at the Nigerian Stock Exchange (NSE) recorded another marked fall on Monday as it plunged below its hitherto 22,000 points to close at 21,7000.98 basis points after shedding 497.45 points. The ASI is the benchmark index that mirrors the rise and […]
Foreign investors eject N52.37bn from NSE in February
Omobayo AzeezMarch 23, 2020
By Omobayo Azeez Participation of most foreign investors at the Nigerian Stock Exchange (NSE) in February was initiated by desired to sell their investments in the market, business A.M can report. According to statistics on foreign portfolio investments in the market, foreign investors moves shares worth N71.34 billion which represented 48.04 per cent as their […]
Equities reverse gain as investors lose N370bn
Omobayo AzeezMarch 19, 2020
Omobayo Azeez The local equities market on Thursday reversed the gain recorded in the preceding session to relocate to the red territory as the equities investment tumbled by 3.12 per cent, costing investors N370 billion. At the end of the day’s trading, the benchmark index that tracks movement of share prices lost 711.06 points to […]
Investors recover N128bn in share trades worth N10.6bn
Omobayo AzeezMarch 19, 2020
By Omobayo Azeez The Nigerian stock market rebounded by gaining N128 billion to afford investors some respite at the end of midweek trading on Wednesday. The equities benchmark index soared by 1.09 per cent as it added 246.5 points to close at 22,789.64 basis points while market capitalisation appreciated in the same percentage points to […]
Wall Street slumps, government bonds hammered as stimulus high fades
Businessam StaffMarch 18, 2020
Wall Street resumed a steep slide on Wednesday while bond markets rushed to price in the sheer scale of government support programs and handouts announced over the past 24 hours, all aimed at softening the economic shock of coronavirus. Dire trading conditions continued to make two-way trading difficult and exaggerated the moves as investors piled […]