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Profit taking persist on NSE, market capitalisation loses N232 billion
Nigerian stock market closed on a negative note for the fourth straight session on Thursday with the market capitalisation losing N232 billion. Specifically, the market capitalisation which opened at N18.304 trillion dipped N232 billion to close at N18.072 trillion. Also, the All-Share Index lost 464.00 points or 1.32 per cent to close at 34,557.26 compared with 35,021.26 achieved on Wednesday. Accordingly, month-to-date loss increased to 1.3 per cent, while year-to-date gain moderated to 28.8 per cent. The downward trend was also driven by price depreciation in medium and large capitalised stocks amongst which are; Lafarge Africa, Guinness Nigeria, Zenith Bank, Dangote Sugar Refinery and MTN Nigeria Communications (MTNN). Market breadth was strongly negative with 40 laggards, in relative ...
Bulls on rampage, NSE market indices up 6.23 percent
The bulls continued to dominate activities on the Nigerian Stock Exchange (NSE) with the All-Share Index rising above the set five per cent threshold to trigger circuit breaker. The post Bulls on rampage, NSE market indices up 6.23 percent appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Trading remains upbeat on NSE, index up 1.28%
Activities on the Nigerian Stock Exchange on Friday remained upbeat for the fifth consecutive day, with the All-Share Index growing by 1.28 per cent to cross 26,000 mark. The index rose by 332.20 points or 1.28 per cent to close at 26,319.34, compared with 25,987.14 recorded on Thursday. In the same vein, the market capitalisation grew by N173 billion to close at N13.754 trillion, from N13.581 trillion on Thursday. Nigerian Breweries led the gainers’ table, appreciating by N4.70 to close at N52.55 per share. Presco followed with N3.50 to close at N53, while Dangote Cement appreciated by N3.10 to close at N139 per share. Stanbic IBTC garnered N1.40 to close at N40.50, while Flour Mills gained N1.35 to close at N21.50 per share. On the other hand, Northern Nigeria Flour Mills topped the lagg...
NSE market indicators resume week with 0.01% growth
The market indicators of the Nigerian Stock Exchange (NSE) resumed transactions for the week on Monday with a marginal growth of 0.01 per cent, amid cautious trading. Speficially, the market capitalisation which opened the week at N13.364 trillion rose by one billion naira or 0.01 per cent to close at N13.365 trillion. Also, the All-Share Index appreciated by 1.78 points or 0.01 per cent to close at 25,574.35 from 25,572.57 posted on Friday. The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Presco, UACN, International Breweries, MTN Nigeria Communications and Guaranty Trust Bank. This week, United Capital Plc expected to see some buying interest in the equity market, ahead of third quarter 2020 financials. Also, analysts at Afrinvest Limi...
NSE market indices gain 0.07 percent
The Nigerian Stock Exchange on Monday closed the last trading day of August with a growth of 0.07 per cent, following sustained positive sentiment. Specifically, the All-Share Index rose by 17.76 points or 0.07 per cent to close at 25, 327.13 compared with 25,309.37 achieved on Friday. Similarly, the market capitalisation improved by nine billion naira or 0.07 per cent to close at N13.213 trillion against N13.203 trillion posted on Friday. The upturn was impacted by gains recorded in large and medium capitalised stocks, amongst which are: Mobil Nigeria, Dangote Cement, Lafarge Africa, Vitafoam and BUA Cement. Analysts at United Capital Plc said, “This week, we expect to see some profit taking, given the bullish performance in the last two weeks.” Mobil led the gainers’ chart in percentage ...
NSE: Trading sustains positive trend, up by 0.31 per cent
Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent. The post NSE: Trading sustains positive trend, up by 0.31 per cent appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Transactions close flat on NSE
Trading at the nation’s bourse closed flat on Wednesday with the All-Share Index (ASI), which opened at 24,174.45, closing at 24,173.53. Newsmen report that the ASI dropped by just 0.92 points or 0.004 per cent. Similarly, the market capitalisation lost one billion naira to close at N12.610 trillion against N12.609 trillion recorded on Tuesday. The marginal downturn witnessed in the market was due to losses in GlaxoSmithKline, Africa Prudential, Caverton, Sterling Bank and Consolidated Hallmark Insurance. Analysts at APT Securities and Funds Limited urged investors to position in fundamentally justified stocks. They noted that the market was set to rally in response to impressive half year earnings results. Eterna dominated the gainers’ chart in percentage terms, gaining 8.89 per cent, to ...
NSE market capitalisation opens week with N162 billion loss
The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a loss of N162 billion in a day. Specifically, the market capitalisation which opened at N12.695 trillion lost N162 billion to close at N12.533 trillion. Also, the All-Share Index (ASI) shed 310.07 points or 1.27 per cent to close at 24,026.05 compared with 24,336.12 achieved on Friday. The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are Nestle, Beta Glass, BUA Cement, Julius Berger and C & I Leasing. In spite of the decline on the first trading day, analysts at Afrinvest Limited expected bargain hunting to drive gains in the next trading session. Analysts at APT Securities and Funds Limited, on their expectations, said, “We expect a slowdown in mark...
Trading resumes after Eid-el-Fitr celebration with 0.07% growth
The Nigerian Stock Exchange (NSE) reopened trading on Wednesday after the public holidays to mark the Eid-el-Fitr celebration with a marginal growth of 0.07 per cent. Speficially, the All-Share Index rose by 16.48 points or 0.07 per cent to close at 25,221.23 compared with 25,204.75 achieved on Friday. Similarly, the market capitalisation which opened at N13.135 trillion garnered N9 billion or 0.07 per cent to close at N13.144 trillion. The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Nigerian Breweries, Dangote Cement, Stanbic IBTC Holdings, Guinness Nigeria and Dangote Sugar Refinery. Market breadth remained positive with 32 gainers compared with 11 losers. A breakdown of the price movement chart indicates that Nigerian Breweries led t...
Nigerian stock market capitalisation opens week with N37 billion growth
The Nigerian Stock Exchange (NSE) resumed trading for the week on Monday on a positive trend, with the market capitalisation rising by N37 billion. Speficially, the market capitalisation which opened at N12.440 trillion rose by N37 billion to close at N12.477 trillion, indicating by 0.30 per cent. Also, the All-Share Index grew by 70.42 points or 0.30 per cent to close at 23,941.75 against 23,871.33 achieved on Friday. The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Okomu Oil, MTN Nigeria, Unilever Nigeria, Lafarge Africa and GlaxoSmithKline. Analysts at Imperial Asset Managers Ltd stated that “This week, we expect market sentiment to be mild considering that risks remains broad following the increasing new cases of COVID-19 in Nigeria. ...
Nigerian stock market indices record first week loss of 1.27 per cent
The Nigerian Stock Exchange (NSE) on Friday recorded first week loss with the market indicators dropping 1.27 per cent due to profit taking. Specifically, the market capitalisation of listed equities dipped N161 billion or 1.27 per cent to N12.531 trillion compared with N12.692 trillion achieved on Thursday. Also, the All-Share Index dropped by 308.85 points or 1.27 per cent to close at 24,045.40 points from 24,354.25 on Thursday. MTN Nigeria dominated the losers’ chart, dropping by N8 to close at N112 per share. Guaranty Trust Bank trailed with a loss of 55k to close at N21.95, while BUA Cement was down by 40k to close at N31.90 per share. Guinness lost 30k to close at N18, while C & I Leasing depreciated by 20k to close at N4.50 per share On the other hand, Nigerian Breweries led the...
