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, […]

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 […]

Again, stock market value dips by N16bn

Trading on the floor of Nigerian Stock Exchange (NSE) Monday closed lower from the previous trading session as the All Share Index (ASI) declined 0.13 percent to stand at 32,413.48 points against 32,456.98 points of the last trading session. The bearish hold also led market capitalisation to dip by 0.14 percent, settling at N11.833 trillion […]

Stock market rebounds, gains N13bn

Trading activities on the floor of the Nigerian Stock Exchange (NSE) on Thursday closed positively as the All Share Index (ASI) rose by 0.11 percent to close at 32,417.82 points, up from Wednesday’s 32,382.58 points. By implication, the market capitalisation increased by 0.11 percent to close at N11.835 trillion as against the previous day’s value […]

Investors lose N10bn as market sustains sluggish trend

The Nigerian Equities market closed the second trading session of the week negative with the market value shedding N10 billion on Tuesday. In specific terms, the market capitalisation settled at N11.835 trillion against N11.845 trillion recorded on Monday, indicating a loss of 0.08 percent or N10 billion. The All Share Index dipped by 0.08 percent […]