Sell-off persists in equities as investors lose N84bn
Omobayo Azeez
March 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 […]
Investors wary of US response to virus as stock indexes slump at open
Businessam StaffMarch 11, 2020
US stock indexes fell sharply at the open on Wednesday as investors were skeptical about President Donald Trump’s stimulus plan to combat the coronavirus epidemic. The Dow Jones Industrial Average fell 413.53 points, or 1.65%, at the open to 24,604.63 and the S&P 500 opened lower by 56.63 points, or 1.96%, at 2,825.60. The Nasdaq […]
Stock market investors lose N656bn in one day
Businessam StaffMarch 11, 2020
Investors suffered a loss of N656bn on Tuesday as the Nigerian equity market saw its biggest daily decline in more than eight years. The market reacted to the impact of the oil price war between Russia and Saudi Arabia and the coronavirus panic on the Nigeria economy. The All-Share Index of the Nigerian Stock Exchange […]
Stock Market plunges further as investor lose N329bn
Omobayo AzeezMarch 10, 2020
By Omobayo Azeez Investors in the Nigerian stock market recorded massive loss on their investment after activities on Monday ended with N329 billion loss to commence a new week. The decline was ascribed to fear arising from an oil price war staged by Saudi Arabia against Russia in the international oil market which has caused […]
Wall Street slumps, investors flee to safe havens on virus fears
Businessam StaffMarch 6, 2020
U.S. stocks opened sharply lower on Friday, as the global tally of coronavirus infections surpassed 100,000 and jittery investors took cover in perceived safe havens such as bonds and gold. The Dow Jones Industrial Average fell 664.07 points, or 2.54%, at the open to 25,457.21. The S&P 500 opened lower by 69.74 points, or 2.31%, […]