ACTIVITIES on the equities market rebounded last week despite jitters in the political environment with investors recording N334 billion gains on their investment.
The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Unilever Nigeria, Dangote Cement, PZ Industries, Lafarge Africa and UAC of Nigeria.Analysts at Afrinvest Limited said: “Despite yesterday’s positi...
Equities market, yesterday, recorded remarkable performance following a 1.9 percent gain, thus lifting the Year to Date, YtD, performance and the Nigerian Stock Exchange, NSE, All Share Index back to positive territory by 0.01 percent, despite the...
After days of upward trend, the bears upstaged the bulls yesterday, on the trading floor of the Nigerian Stock Exchange (NSE), following price losses suffered by some bellwethers, causing the All-share index to slide marginally by 0.1 per cent.
Trading on the nation’s bourse swayed southward on Wednesday to record its first depreciation in February, shedding 0.15 per cent.
Mr Ambrose Omordion, Chief Operating Officer, InvestData Ltd., however, attributed the growth to low price attraction, anticipation of new economic policies and reforms after the election.
The volume of shares traded on the Nigerian Stock Exchange (NSE) in January dropped by 42.38 per cent due to uncertainties surrounding the forthcoming general elections, said analysts.
The market, which took a break on Wednesday from its gaining streak by shedding N18bn, saw the capitalisation of equities listed on the Nigerian Stock Exchange increase from N12.087tn to N12.102tn.
The Nigerian Stock Exchange, NSE equity market opened the week on a positive note, extending gains from the previous week on the back of price appreciation in blue chip companies across the sector.
An analyst at Exotix Capital, Olabisi Ayodeji, was quoted by Bloomberg as saying that the February 16 election was tipped to be a close contest between the two strongest candidates, President Muhammadu Buhari and Atiku Abubakar, a former vice-pres...
Learn Africa recorded the highest price gain of 9.49 per cent to close at N1.50 per share.
The Nigerian Stock Exchange on Friday moved a total of 723.79 million shares valued at N12.21bn in 5,752 deals.
NTB yields are likely to be influenced largely by the level of liquidity in the banking system, the short-term borrowing needs of the government, the need to maintain price stability and election considerations.”
The surge in share prices, which is mainly driven by demand from local investors, has seen the index record a year-to-date gain of 7.4 percent.
Already, political intrigues so far, have taken severe toll on the stock market, causing investors to lose over N3.43 trillion within nine months of persistent decline.
Banking counters at the Nairobi Securities Exchange offer the most attractive buys this year, according to analysts at Genghis Capital.
During the same period, investors in NYSE Arca poured $153 million into the iShares MSCI South Africa ETF, the biggest inflows since October 2007, according to data compiled by Bloomberg.
The merged CBA and NIC bank will count among its top owners some of Kenya’s most renowned billionaire investors and political figures, shareholder information on the two lenders has revealed.
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The confluence of the foregoing is expected to drive an uptrend in the short and long term yields over 2019 largely hinged on Central Bank of Nigeria, CBN’s monetary tightening as well as higher federal government paper supply over the year,” the ...
The stock market took a beating in the period, with the benchmark NSE 20 share index closing the year 23.7 percent down at 2833.84 points, as investor wealth shrunk by Sh419 billion to Sh2.1 trillion.