Equity market rebounds, gains N95bn

October 13, 2021 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange (NGX) yesterday closed on a positive note, appreciating by N95 bollion. Market capitalization of listed equities increased by 0.45 per cent to N21.310 trillion from N21.215 trillion reported on Monday. The NGX All Share Index also appreciated by 182.96 basis points to 40896.96 points from 40714.00 traded on Monday. Investors traded 563.882 Read More

Equity market opens on a note, sheds N80bn

October 12, 2021 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange yesterday closed on a negative note, shedding N80 billion. Specifically, market capitalization of listed equities declined by 0.38 per cent to N21.215 trillion from N21.295 trillion reported the previous day. The NGX All Share Index also depreciated by 154.36 basis points to 40714.00 from 40868.36 point Reported the previous day. Investors traded Read More

Market capitalisation of Shariah-compliant stocks rises to N11.3trn

September 27, 2021 Blessing Anaro 0

The Total market capitalization of Shariah-compliant stocks in the Nigerian Capital market now stands at over N11.3 trillion. Mr. Ndako Mijindadi, Head, Investment and Research, Lotus Capital Limited, disclosed this in a conversation on “Investing Through Islamic Finance Products and Index”. In a report by Proshare, he observed that the Lotus Islamic Index was created in 2009, and the index Read More

SEC mulls 25% contribution from Nigeria’s non-interest capital market

June 17, 2021 Segun Odunewu 0

The Securities and Exchange Commission (SEC), says its Capital Market Master Plan (2015-2025) is to achieve a 25 percent contribution from the non-interest market to the overall market capitalization by 2025. Abdulkadir Abbas the Head, Securities and Investment Services, SEC gave the assurance as keynote speaker at the maiden WebTV Islamic Finance Webinar series. Representing the Director-General SEC Nigeria, Alhaji Read More

Stock market sustains bearish run, loses N193bn

May 5, 2021 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Stock Exchange yesterday sustained bearish run, declining by N193 billion.Specifically, Market Capitalisation of listed equities declined by 0.93 per cent to N20.637 trillion from N20.830 trillion reported the previous day. The NSE All Share Index also depreciated by 367.97 basis points to 39433.81 points from 39801.78 traded on Tuesday.Investors exchanged 349.558 million shares Read More

Investors lose N662.7bn in one week, biggest lost in over 5 years

February 15, 2021 Amaka Ifeakandu 0

Investors in the Nigerian stock market lost a whopping N662.7 billion last week, the biggest lost in over five years, analysts told Blueprint. The market sustained losses in all five days of trading, with the All Share Index (ASI) shedding three per cent of its value. The lost brought the market capitalization to N21.2 trillion. Market makers said, the huge Read More

Bears chase bulls out as market sheds N363bn in one week

February 8, 2021 Blessing Anaro 0

Bears stormed the Nigerian Stock Exchange (NSE) last week, destroying part of the progress the bulls have made, depleting the market with N363 billion, leaving the market capitalization at N21.8 trillion. Aalysts say, sell-offs dominated trades all week. Investors were waiting in the wings to catch in on little gains made over time to sell at better prices. The result Read More

Liquidity squeeze: Options for monetary policy manipulations

February 1, 2021 Jerry Uwah 0

The monetary policy committee of the Central Bank of Nigeria (CBN) had a choice between the devil and the deep blue sea in its decision on the current monetary policy rate (MPR). It opted to dine with the devil by maintaining the status quo rather than plunging into the deep blue sea by pushing MPR in either direction. At 11.5 Read More

New world richest man emerges

January 8, 2021 Blueprint 0

Elon Musk, the outspoken and envelope-pushing chief executive of Tesla, overtook Amazon boss Jeff Bezos to become the world’s wealthiest person, US media reported Thursday. Musk is a major shareholder of the electric car company and has benefited from Tesla’s surging share price over the last year. CNBC estimated Musk’s wealth at $185 billion. The distinction is the latest superlative Read More

NSE releases results of full year market indices review

January 4, 2021 Amaka Ifeakandu 0

The Nigerian Stock Exchange (NSE), has released the results for the review of its annual full year market index. Some of the market indexes reviewed were the NSE 30, NSE Lotus Islamic, NSE Pension, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index; and the five Sectoral Indices of The Exchange – Read More

Market value of top metals, mining coys climbs 2.7% in November

December 8, 2020 Ayoni Agbabiaka 0

The 25 largest metals and mining companies by market capitalization gained a median 2.7% in value in November, according to an S&P Global Market Intelligence analysis. The companies analyzed were worth a cumulative market value of $908.36 billion as of Dec. 1. The median value of the top metals and mining companies increased both month on month and year on Read More

Capital market boom, direct investment crunch

November 23, 2020 Jerry Uwah 0

The Central Bank of Nigeria (CBN) is worried about Nigeria’s alarming unemployment rate. In a workforce of about 87 million workers, more than 22 million are jobless. The alarming level of joblessness is clearly responsible for the country’s embarrassing poverty rate. There is a direct relationship between poverty and unemployment. In June 2018, Nigeria replaced India as the country with Read More

Equity market sustains bullish run, gains N120bn

September 30, 2020 Amaka Ifeakandu 0

Trading activities on the floor of Nigeria Stock Exchange Wednesday sustained bullish run at the market for third consecutive time in the week, gaining N120 billion. Specifically, market capitalisation of listed equities increased by N120 billion or 0.86 per cent to N14.027 trillion from N13.907 trillion recorded the previous day. The NSE All Share Index appreciated by 225.46 basis points Read More

MPC okays N15trn Infrastructure Development Company

August 19, 2020 Editorial III 0

The Monetary Policy Committee (MPC) has given a nod to the Central Bank of Nigeria (CBN)-led N15 trillion five-year Infrastructure Development Company. The committee  also commended the federal government for the approval to establish  Infrastructure Development Company, which will leverage local and international funds for rebuilding of critical infrastructure across the country. This entity, which will be wholly focused on Read More

Equity market sheds N119bn

June 15, 2020 Amaka Ifeakandu 0

Transactions  on the floor of Nigerian Stock Exchange Monday opened weak in negative trend following losses recorded by some capitalised stock which forced the equity price to shrink by  N119 billion. Specifically, Market Capitalisation of listed equities declined by 0.91 per cent to N13.017 trillion from N13.136 trillion. The NSE All Share Index also fell by 228.35 basis points to Read More

Stock market remains volatile, sheds N1.86trn in 1Q

April 8, 2020 Editorial IV 0

The Nation’s capital market recorded poor performance in the first quarter of 2020. In this report AMAKA IFEAKANDU writes on the factors that impacted negatively on the growth of the market and other steps needed for its revival. The nation’s capital market in the first quarter of this year recorded low performance following the decline in the prices oil price Read More

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Stock market sheds N9bn

February 19, 2020 Editorial IV 0

Stocks on the floor of the Nigerian Stock Exchange dipped further on Wednesday, extending negative sentiment  which reflected investors indecision as they  trade cautiously  awaiting the release of audited corporate earnings.  The market capitalisation of listed equities declined by N9 billion  to N14.338 trillion from N14.347 trillion reported yesterday. The NSE All Share Index also dipped by 24.48 basis points Read More

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Stock market loses N127bn

January 21, 2020 Editorial IV 0

Trading activities at the Nigerian Stock Exchange yesterday returned to bearish trend, following the profit takng embarked by investors  as equity market declined by N127 billion. Specifically, market capitalisation of listed equities depreciated by 0.83 per cent to N15.176 trillion from N15.303 trillion traded on Monday. The NSE All Share index also decreased by 247.80 basis points to 29462.76 points Read More

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Stock market loses N180.8bn capitalisation … ASI dips 118bps

January 15, 2020 Editorial IV 0

The Nigerian Stock Exchange (NSE) recorded its first loss of the yesterday, shedding N180.8 billion of its capitalization to N15.1 trillion. Profit taking in MTNN (-2.7%) and DANGCEM (-1.2%) dragged the All-Share Index down 1.2 per cent to 29,633.58 points. Accordingly, YTD return slumped to 9.1% while market capitalisation dipped ₦180.8 billion to ₦15.1 trillion. Activity level ended mixed as Read More

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Equity market remains upbeat, gains N46bn

November 21, 2019 Editorial IV 0

Transactions on the floor of Nigerian Stock Exchange yesterday continued in bullish trend, increasing by N46 billion. Specifically, market capitalisation of listed equities appreciated by 0.36 per cent  to N12.969 trillion from N12.923 trillion reported the previous day. The NSE All Share Index also increased to 26872.09 points from 26776.15 traded the previous day. The NSE trading result showed that Read More

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Stock market loses N74bn

November 6, 2019 Editorial IV 0

Trading activities on the floor of Nigerian Stock Exchange yesterday continued in declining trend, dropping by N74 billion.  Specifically market capitalisation of listed equities declined to N12.839 trillion from N12.851 trillion traded on Monday.  The NSE All Share Index also dipped by 151.69 basis points  to 26375.35 points from 26401.06 reported the previous day.  Investors traded 304.279 million shares worth Read More

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Equity market gains N32bn

October 30, 2019 Editorial IV 0

Transactions on the floor of Nigerian Stock Exchange on Wednesday closed northward, appreciating by N32 billion. Specifically, market capitalisation of listed equities increased 0.25 kobo to close at N12.807 trillion from N12.775 trillion reported the previous day. The NSE All Share Index also increased by 66.38 basis points to 26310.77 points from 26244.39 points traded on Tuesday. Investors traded 156.849 Read More

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Equity market sheds N210.98bn

October 10, 2019 Editorial IV 0

Equity Market yesterday continued in a downward trend as Nigerian Stock Exchange benchmark All Share Index depreciated by 210.98 basis points due to sell off recorded in some blue chip stocks. Specifically, The NSE All Share Index sheds  0.78 per cent to 26598.94 points from 26808.92 points reported the previous day. Also, Market Capitalisation of listed equities declined further by Read More

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Stock market loses N99bn

September 17, 2019 Editorial III 0

Trading activities on the floor of Nigerian Stock Exchange (NSE) Monday opened the week on a bearish trend as value of traded equities declined by N99 billion. Specifically, Market Capitalisation of listed equities on Monday decreased by 0.73 per cent  to N13.423 trillion from N13.522 trillion reported on Friday. The NSE All Share Index also depreciated by 204.68 basis points Read More