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 […]

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 […]

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 […]

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 […]

NSE suspends trading on six firms’ stocks

The management of Nigerian stock Exchange (NSE) has suspended trading on the stocks of six quoted companies for failure to submit their financial reports within stipulated time. The six companies namely, DN Tyre & Rubber Plc, FTN Cocoa Processors Plc, International Energy Insurance Plc, Thomas Wyatt Nigeria Plc, Union Dicon SALT Plc and Unic Diversified […]

Equities market’s index dips 0.27%

Trading activities on the Nigerian Stock Exchange (NSE) on Monday, closed negative as the All Share Index declined by 0.27 percent to close at 32,451.27 points, down from last Friday’s 32,540.17 points. Impliedly, the market capitalisation also dropped to N11.847 trillion from the previous trading value of N11.858 trillion. This is even as the volume […]

Stock market slumps again, investors lose N189bn

The Nigerian Bourse on Wednesday lost its recovery trend garnered on Tuesday, with the All Share Index (ASI) fell by 1.49 percent to close at 34,414.37 points against 34,933.68 points of the last trading session. Market capitalization declined by 1.49 percent to settle at N12.564 trillion below N12.753 trillion of the last trading indicating a […]