Stock market

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Nigeria stock market drops further by N68bn

Nigeria stock market drops further by N68bn

The bears maintained dominance on the Nigerian Stock Exchange on Friday with the market capitalisation declining further by N68 billion. Specifically, the market capitalisation dropped N68 billion or 0.46 per cent to close at N14.852 against N14.920 trillion. Also, All-Share Index which opened at 28,546.22 lost 130.91 points or 0.46 per cent to close at […]

Stock market gains N1trn in two days

Stock market gains N1trn in two days

By Nkiruka Nnorom Investments in stock market soared to new heights yesterday as more money are diverted from money market into the stocks bringing investors’ gains to over N1.07 trillion in two days of trading this week. The bears have continued to strengthen its holds on the equities market following the fallout of reduction in […]

Stock market gains N1trn in two days

Stock market gains N1trn in two days

By Nkiruka Nnorom Investments in stock market soared to new heights yesterday as more money are diverted from money market into the stocks bringing investors’ gains to over N1.07 trillion in two days of trading this week. The bears have continued to strengthen its holds on the equities market following the fallout of reduction in […]

Stock market records new high as investors gain N299bn in one day

Stock market records new high as investors gain N299bn in one day

By Peter Egwuatu The stock market Monday recorded a new high after five months of low activity as the benchmark index, Nigerian Stock Exchange, NSE All Share Index gained 2.1 percent to close at 27,554.56 points from 26,985.77 points on Friday. In similar vein, another major stock market gauge, market capitalisation  up N299.0 billion to […]

Positive sentiment: Stock market opens week with N99bn growth

Positive sentiment: Stock market opens week with N99bn growth

The Nigerian Stock Exchange (NSE) resumed trading on Monday with a growth of N99 billion following gains by some blue chips. Specifically, the market capitalisation which opened at N13.754 trillion inched higher by N99 billion or 0.72 per cent to close at N13.853 trillion. Also, the NSE All-Share Index grew by 188.50 points or 0.72 […]

Stock market extends loss by N38bn

Stock market extends loss by N38bn

The Nigerian Stock Exchange (NSE) extended losing streak on Wednesday for the third consecutive days with the market capitalisation declining further by N38 billion. The market capitalisation dipped N38 billion to close lower at N13.263 trillion compared with N13.301 trillion on Tuesday. Also, NSE All-Share Index shed 72.41 points or 0.28 per cent to close […]

Stock market volatility hits Norway’s sovereign wealth fund

Stock market volatility hits Norway’s sovereign wealth fund

Norway’s Central Bank on Tuesday said its pension fund lost 188 billion kroner ( 21 billion dollars equivalent) in the first half of 2020 amid stock market volatility during the coronavirus pandemic. The bank said the return on the sovereign wealth fund fell by 3.4 per cent during the January-to-June period. The Deputy Chief Executive […]