Foreign investors eject N52.37bn from NSE in February
Omobayo Azeez
March 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 […]
Sell-off persists in equities as investors lose N84bn
Omobayo AzeezMarch 18, 2020
By Omobayo Azeez Investors sustained their aggressive desires to sell off shares on Tuesday and in the face of dwindling interests in the equities market, investors lost N84 billion which represent 0.71 per cent of aggregate value of the equity market. Amidst increased market turnover and participations, the loss was significantly underpinned by sell-off of […]
Equities dips 0.12% to open week negative
Omobayo AzeezMarch 17, 2020
By Omobayo Azeez The aggregate value of equity investments at the Nigerian Stock Exchange (NSE) fell by 0.12 per cent as a new week commenced on Monday. This amounted to N15 billion loss for investors as the market capitalization closed lower at N11.832 trillion from N11.847 trillion is opened the day and the All-Share Index […]
Wall Street bounces after worst day since Black Monday
Businessam StaffMarch 13, 2020
US stock indexes rebounded on Friday as investors bet on another round of fiscal easing to thwart a looming global recession in the face of the coronavirus pandemic. Traders work on the floor of the New York Stock Exchange after the opening bell of the trading session in New York, U.S., March 13, 2020. After […]
MTN leads decliners with N209bn loss as equities shed N457bn
Omobayo AzeezMarch 12, 2020
By Omobayo Azeez As panic in the equity market continued, MTN Nigeria recorded highest loss of N209 billion among other decliners on Thursday as total market capitalization of share at the Nigerian Stock Exchange (NSE) depreciated by N457 billion. The negative report of the session was an extension of the ongoing panic provoked by falling […]
Top 5 things to know in the financial market today, March 12th
Businessam StaffMarch 12, 2020
President Donald Trump’s announcement of a European travel ban sends markets into a fresh tailspin, while Italy shuts down all but essential business activity to contain the coronavirus. The European Central Bank is expected to expend more of its depleted pile of ammunition supporting the eurozone economy and banking system, and oil prices take another […]
Tragedy! Equity investors lose N1.408trn in three days
Omobayo AzeezMarch 11, 2020
By Omobayo Azeez Since activities commenced on Monday on the floor of the Nigerian Stock Exchange (NSE), equity investors have suffered heavy losses estimated at N1.408 trillion. This week, investors started counting their losses on Monday when the equity market value slid by N329 billion to close N13.366 trillion. The southward movement sustained momentum on […]