Stock market opens September with N536bn gains
The stock market last week drove a N536 billion gain at the Nigerian Exchange Limited, NGX, beginning of the month’s (September) trading on Friday
Stock Market: Local investors dominate transactions in January with N185bn
Local investors continued their dominance in the Nigerian Stock Exchange (NSE) in January, injecting N184.94 billion on equities during the month.
Stock market in reverse mode, loses N1.36trn in February
The stock market ended last month in a full reverse mode, losing N1.38 trillion as investors’ preference shifted to the fixed income market in response to an 186 per cent increase in yields on treasury bills. Financial Vanguard analysis showed that average yields on primary market treasury bills (TBs) rose to 3.67 percent at the […]
Nigerian stock market extends losing streak, down N29bn
The Nigerian stock market on Tuesday slipped further by N29 billion, extending its losing streak to seven consecutive trading sessions. Specifically, the market capitalisation lost N29 billion or 0.13 per cent to close at N21.715 trillion from N21.744 trillion recorded on Monday. Also, All-Share Index dropped 54.15 points or 0.13 per cent to close at […]
Profit taking drags down stock market by N328bn in 4 days
By Peter Egwuatu CAPITAL MARKET The analysts’ projections that the bullish trend experienced in the stock market in January would not be sustained has begun to manifest as profit-taking dragged down the value of the market by N328 billion in the first four days of this month. Specifically, the market capitalisation, which refers to the […]
Analysts see sustained bullish market till end Q1, reversal in Q2
As index drops 0.4% By Nkiruka Nnorom Amidst a marginal drop in the stock market index, investment analysts see a sustained bullish trend till end of first quarter 2021, Q1’21, before a short term reversal in the second quarter of the year (Q2’21). The reversal would be driven by an anticipated rate reversal in the […]
