Stock market begins week with 0.2% growth (6/11/18)

The Nigerian Stock Exchange (NSE) opened the trading week on a positive note as bargain hunting in banking stocks drove the All Share Index (ASI) 0.2 percent higher Monday. Specifically, bargain hunting in banking stocks such as Zenith Bank Wit 0.9 percent, FBNH (+1.7%) and STANBIC (+1.1%) drove the positive performance as the ASI settled […]

NSE suspends Unity Bank, five others from trading

The Nigerian Stock Exchange (NSE) has announced the suspension from active trading shares of five quoted companies. The affected companies are, Unity Bank Plc, Fortis Microfinance Bank Plc, Thomas Wyatt Nigeria Plc, Multi-Trex Integrated Foods Plc, Golden Guinea Breweries Plc and Deap Capital Management & Trust Plc. According the NSE, the decision to suspend trading […]

Index sustains loss streak, market closes 1.42% lower

Trading on the floor of the Nigerian Stock Exchange (NSE) on Thursday closed in red as the All Share Index (ASI) declined further by 1.42 percent to close at 32,006.65 points as against the previous close of 32,466.27 points on Wednesday. Market capitalisation dropped by 1.42 percent, closing at N11.685 trillion from the previous close […]

Again, bears regain hold as market dips 0.08% (30/10/18)

Trading activities on the floor of the Nigerian Stock Exchange closed negative on Tuesday, as the All Share Index declined 0.08 percent from 33,196.07 points on Monday to close at 33,167.88 points. Market capitalization dipped by 0.08 percent closing at N12.109 trillion as against the N12.119 trillion grossed on Monday, shedding about N10 billion. However, […]

Equity market gains 0.88% on bulllish take off (29/10/18)

Nigeria’s equity market opened on a promising note for investors on Monday, gaining 0.88 percent in value. Specifically, the bourse gained 288.74 points or N105 billion to see the all share index (ASI) rising to 33,196.07 points while market capitalization grew to N12.119 trillion at the close of the day’s trading. Although a cross section […]

NSE slams NEM Insurance N575,505 fine for regulatory breaches

The Nigerian Stock Exchange (NSE) has fined NEM Insurance Plc N575,505 for contravening Rule 19.3 of its Rulebook. This sanction was sequel to a complaint by Bernateva Partners – the solicitor to Eaton Acquisitions Limited, a major shareholder in NEM Insurance Plc – to reverse the decisions reached at the Annual General Meeting (AGM) held […]

Equities market reverses losses, gains 0.44% (25/10/18)

Trading activities on the floor of the Nigerian Stock Exchange (NSE) on Thursday closed positively as the All Share Index (ASI) grew by 0.44 percent to close at 32,545.06 points as against the previous close of 32,403.60 points on Wednesday. Market capitalisation grew by 0.43 percent to close at N11.881 trillion as against the previous […]

NSE lifts suspension on Thomas Wyatt, Union Dicon Salt

The Nigerian Stock Exchange (NSE) has lifted suspension on trading in the shares of Thomas Wyatt Nigeria Plc and Union Dicon Salt Plc, after the two companies submitted their relevant financial statements. The NSE had earlier this month suspended trading on shares of six companies for failing to adhere to best corporate governance and extant […]

Stock market extends gains, closes 0.69% higher (23/10/18)

The Nigerian Bourse on Tuesday extended gains to four straight trading sessions with the benchmark indices of the All-Share Index growing by 0.69 percent while the market’s Year-to-Date (YTD) returns remained at -13.21 percent at the end of the trading session. In specific terms, the All-Share Index closed at 33,191.45 points as against 32,962.82 points […]

Stock market opens trading with 0.37% gain

The Nigerian equity market opens the week with a positive close, making it three straight sessions of gains as the All Share Index advanced 0.37 percent, adding 121.130 points, to close at 32,962.82 away from the previous close of 32,841.69 points. The market capitalisation with about N44 billion increase, closed at N12.039 trillion as against […]