Stock market continues to bleed as investors lose N124bn
Activity on the Nigerian Stock Exchange, NSE, continued a downward trend today with investors losing N124 billion despite the expectations of rebound by some market analysts.
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Investors lose N71.1bn on profit taking activity
Investors lost N71.1 billion in value this week following a sustained profit taking in the market bellwethers.
Read More Bears sustain hold on NSE, investors lose N6bn
Investors lost further N6 billion at the close of trading today following continued dominance of the bears in the market.
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Investors lose N17bn on sell-off in value stocks
Sentiments turned bearish on the Nigerian stock Exchange, NSE, today following late sell-off in value stocks, which resulted in loss of N17 billion to the investors.
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Consumer goods, oil and gas sectors depress equities further
Losses recorded in key consumer goods and oil & gas ad insurance companies this week resulted in loss of some weight in the stock market.
Read More Consumer goods, oil and gas stocks depress equities index
Losses recorded today in consumer goods and oil and gas stocks, including International Breweries Plc, Dangote Sugar Refinery Plc, Dangote Flour Mills Plc, Eterna and Oando Plc among others pulled the Nigerian stock Exchange, NSE, all Share Index, ASI, down by 0.48 percent.
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Naira down to N360.67/$, as CBN injects $210
The Naira Wednesday depreciated further to N360.67 per dollar in the Investors and Exporters (I&E) window of the foreign exchange market even as the Central Bank of Nigeria (CBN), injected $210 million.
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FBN Holdings shares fall after 178.8% profit growth
The shares of FBN Holdings Plc fell by 8.96 percent at the close of trading today despite 178.8 percent growth in its Profit After Tax, PAT, for the year ended December 31, 2018.
Read More Pending FY, Q1 results will provide support for equities market
As equities market continues to swing up and downward, capital market operators have said that pending full year as well as quarter one (Q1) financial results that just started trickling in, will set the tone for the equities market this week.
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Stock market shed N41bn on 33 companies losses
The equities market tumbled by N41 billion this week following losses recorded by a total of 33 companies.
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