CAPITAL MARKET Airtel, 25 others drag stocks down, investors lose N340bn The Nigerian stock market reversed all of last week’s gains on Tuesday as Airtel Africa Plc and 25 other companies recorded losses. Investors lost N340bn at the end of trading on the floor of the Nigerian Exchange Limited on Tuesday, compared to a total…
CAPITAL MARKET FMDQ Exchange admits Mixta Real Estate’s commercial paper FMDQ Securities Exchange Limited announced on Monday the approval of the quotation of the Mixta Real Estate Plc N1.02bn Series 36 Commercial Paper under its N20bn Commercial Paper Issuance Programme. The Exchange said in a statement that the Nigerian commercial paper market continued to demonstrate…
CAPITAL MARKET Positive sentiments persist on NGX as capitalisation rises by N20 billion The bullish sentiments persisted, yesterday, as the Nigerian Exchange Limited (NGX) market extended gains to three consecutive sessions, causing market capitalisation to rise further by 0.10 per cent. Yesterday, the All-Share Index (ASI) grew by 39.15 absolute points, representing a growth of…
CAPITAL MARKET Stock Market Gains N151bn as Bulls Consolidate Hold The stock market gained N150.8 billion yesterday as the bulls consolidated their hold on the market.The bulls had regained control of the market on Tuesday after a negative trading on the first day of the week. The positive trend continued yesterday as 25 stocks appreciated…
CAPITAL MARKET Stock Market Resilient to Survive Economic Upheavals’ The nation’s stock market will remain resilient to survive the current upheavals in the economy as well as the security challenges, the Chairman, Securities Dealing Houses Association of Nigeria (ASHON), Chief Onyenwechukwu Ezeagu, has said. The economy has been experiencing a fragile growth, which is being…
CAPITAL MARKET Equities re-open negative as index falls by 0.27 per cent Following losses suffered by most high capital stocks, transactions on the trading floor of the Nigerian Stock Exchange (NSE), reopened on a downturn yesterday, causing the All-share index to fall by 0.27 per cent. Yesterday, the All Share Index (ASI) shed 67.17 absolute…
CAPITAL MARKET Equities Market Rebounds as Bulls Return The bulls returned to the Nigerian stock market last week after the market dipped in May, as investors took advantage of low prices of shares. Consequently, the Nigerian Exchange (NGX) Limited All-Share Index (ASI) appreciated by 1.23 per cent to close at 38,726.10, while market capitalisation closed…
CAPITAL MARKET Foreign stock investors withdraw N99.94bn in four months A total of N99.94bn was pulled out by foreign investors from the Nigerian stock market in the first four months of this year as foreign involvement plunged to a four-year low in April. The foreign portfolio investors injected N 78.31bn into the market from January…
Investment Summary (Earnings Grow On Increased Product Pricing)
CAPITAL MARKET Worries as N796b investors’ losses in May extends into June Insecurity in the country and other macroeconomic challenges, coupled with uncertainty in the global economy, may continue to take a toll on the Nigerian Exchange Limited (NGX), as investors, having lost N796 billion in May, might experience similar losses this month. Specifically, the…