Stock market

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Stock market extends losses to day two, sheds 0.06%

Stock market extends losses to day two, sheds 0.06%

Against the backdrop of sustained profit taking, the stock market on Wednesday sustained the previous day bearish sentiments. The market shed 0.06%, extending losing streak to two consecutive days. Market breadth closed negative, recording 12 gainers against 32 losers.

Stock market overturn negative trend as Index up by 0.34%

Stock market overturn negative trend as Index up by 0.34%

The equity market opened Monday on a positive note as the bullish trend reversed the six-consecutive days downward movement with the Nigerian Stock Exchange All Share Index (NSE ASI) appreciating by 0.34% to close at 37,992.12 points.

Stock market: Bearish sentiment pushes returns to negative

Stock market: Bearish sentiment pushes returns to negative

Following the consistent bearish run that has dominated the Nigerian Stock Exchange, NSE, in the last two months the year-to-date, YtD, return yesterday relapsed to negative zone closing the day’s trading at -0.4 percent.

Stock market in mixed sentiment over GDP numbers

Stock market in mixed sentiment over GDP numbers

As predicted, Nigeria’s stock market opened the week negative on the heels of an equally negative first quarter economic performance report released by the National Bureau of Statistics, NBS, which show the gross domestic production, GDP, in a reversal of the six consecutive quarter positive trend.