Equities extend uptrend to open year with 0.1% uptick
Businessam Staff
January 2, 2020
By Omobayo Azeez The Nigerian equity market extended the gaining streak with which it ended 2019 to open activities in the new year, 2020, as benchmark index rose by 0.1 per cent. Despite the average decline of 0.59 per cent for the month of December 2019 and full year return of -14.60 per cent for […]
Wall St. hits another opening record as investors cheer China data
Businessam StaffDecember 27, 2019
Wall Street opened at another record high, as optimism over U.S.-China trade relations and an improving global economy brightened investor sentiment going into the new year. The Dow Jones Industrial Average .DJI rose 53.95 points, or 0.19%, at the open to 28,675.34. The S&P 500 .SPX opened higher by 7.32 points, or 0.23%, at 3,247.23, while the Nasdaq Composite .IXIC gained […]
Equities lose N11b on Yuletide cash squeeze
Businessam StaffDecember 25, 2019
Nigerian equities lost N11 billion in the last trading session before the Christmas holidays as investors opened up market orders in last-minute efforts to close their deals ahead of the two-day holiday. Sell pressure on mid and large-cap stocks weighed on the overall market position, shaving off N11 billion from the overall market value of […]
Sell-offs on blue-chip companies cost equities N197bn
Businessam StaffDecember 24, 2019
By Omobayo Azeez
Wall Street opens at record high as trade optimism persists
Businessam StaffDecember 20, 2019
US stock indexes opened at record highs on Friday amid optimism over a further winding down in Sino-US trade tensions, starting with an interim deal due to be inked in January. The Dow Jones Industrial Average .DJI rose 231.68 points, or 0.82%, at the open to 28,608.64. The S&P 500 .SPX opened higher by 17.96 […]
Wall Street edges higher after jobless data; markets shrug off impeachment
US stocks opened slightly higher on Thursday as data showed a dip in weekly jobless claims, while investors looked past the impeachment of President Donald Trump, who is unlikely to be removed from office. The Dow Jones Industrial Average .DJI rose 39.03 points, or 0.14%, at the open to 28,278.31. The S&P 500 .SPX opened […]
European shares dragged down by Tullow Oil and weak China export data
Businessam StaffDecember 9, 2019
European stocks slipped on Monday, dragged down by a slump in shares of Tullow Oil after its chief executive stepped down and the oil and gas explorer scrapped its dividend, while weak data out of China also weighed on sentiment. Shares in Tullow which continues to face issues at its main producing assets in Ghana, […]
Wall Street dips after US law on Hong Kong revives trade worries
Businessam StaffNovember 29, 2019
US stocks dipped on Friday as trade tensions resurfaced after China warned it would retaliate against President Donald Trump’s decision to ratify a bill backing protesters in Hong Kong. China’s counter measures could include barring drafters of the legislation from mainland China, Hong Kong and Macau, the editor of China’s state-backed Global Times tabloid said […]
Wall Street edges lower after conflicting trade signals
Businessam StaffNovember 21, 2019
The three major US indexes fell on Thursday after conflicting headlines on US-China trade relations and a row between the world’s top two economies over the Hong Kong protest led to uncertainty over the timing of a deal to end the dispute. All three indexes had opened flat after a report that the United States […]
Equities sustain uptrend with N18bn gain
Businessam StaffNovember 21, 2019
By Omobayo Azeez Indicators of the Nigerian equities market maintained northward movement at the close of midweek trading session on Wednesday as investors recouped N18 billion gain. The Nigerian Stock Exchange All Share Index (NSEASI) inched up by 0.14 per cent as it gained 43.71 points to close at 6,779.15 basis points, thereby moderating year-to-date […]