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

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Equity market trades loses N90bn

August 29, 2019 Editorial IV 0

Trading activities on the floor of Nigerian Stock Exchange on Thursday close south wards, shedding N90 billion. Specifically, market capitalisation of listed equities declined by 0.67 per cent to N13.342 trillion from N13.430 trillion reported the previous day. The NSE All Share Index also depreciated by 181.45 basis points to 27425.57 points from 27607.02 traded on Wednesday. Investors traded 116.069 Read More

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Stock market gains N93bn

August 19, 2019 Editorial IV 0

Trading activities on the floor of Nigerian Stock Exchange (NSE) Monday opened week in positive trend, appreciating by N93 billion. Specifically, market capitalisation of listed equities increased by 0.71 per cent to N13.214 trillion from N13.121 trillion recorded the previous day.  The NSE All Share Index also grew by 190.60 basis points to 27115.89 points from 26925.29 reported on Friday.Investors Read More

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Bears over rule as market sheds N27bn

July 24, 2019 Editorial IV 0

Trading activities on the floor of Nigerian Stock Exchange (NSE) on Wednesday returned to bearish trend, declining by N27 billion. Specifically, market capitalisation of listed equities yesterday depreciated by 0.2 per cent to N13.689 trillion from N13.716 trillion traded the previous day. The NSE All Share Index also fell by 56.13 basis points  to 28,088.74 points from 28144.87 points traded on Read More

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NSE: Bulls return as equity market gains N194bn

July 24, 2019 Editorial IV 0

Transactions on the floor of Nigerian Stock Exchange on Tuesday closed northward following gain recorded by capitalised companies, appreciating by N194 billion. Market capitalisation of listed equities increased by 1.43 per cent to N13.716 trillion from N13.522 trillion reported the previous day. The NSE All Share Index also increased by 336.18 basis points to 28144.87 points from 27808.69 points traded Read More

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NSE: Equity market sheds N54bn

July 23, 2019 Editorial IV 0

Trading activities on the floor of Nigerian Stock Exchange (NSE) on Monday opened on bearish trend, shedding N54 billion. Specifically, market capitalisation of listed equities declined by 0.39 per cent to N13.552 trillion from N13.606 trillion reported the previous day. The NSE All Share Index also decreased by 110.81 basis points to 27808.69 points from 27919.50 points traded previously. Investors Read More

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Equity market sheds N94bn

July 3, 2019 Editorial IV 0

The nation’s capital market Tuesday sustained declining profile, shedding N94 billion. Specifically, market capitalisation of listed equities decreased further by 0.72 per cent  to N12.956 trillion from N13.050 trillion reported the previous day. The NSE All Share Index fell by 219.47 basis points to 29395.14 points from 29614.61 points traded on Monday. Investors traded 200.686 million shares valued at N2.886 Read More

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Seplat leads losers as equity market dips by N62bn

June 25, 2019 Editorial IV 0

Seplat Petroleum Development recorded the highest loss at the Nigerian Stock Exchange, shedding N15.00 to close at N495.00, Forte Oil Plc trailed with a loss of N3.00 to close at N29.00, MTN Nigeria fell by N1.00 to close at N129.00, Stanbic IBTC group decrease by N0.65 kobo to close at N40.00, Nigerian Breweries dropped by N0.50 kobo to close at Read More

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Bears maintain grip as market capitalisation dips by 0.16%

June 20, 2019 Editorial IV 0

Specifically, Market Capitalisation of listed equities depreciated by 0.16 per cent to N13.119 trillion from N13.140 trillion traded the previous day. The NSE All Share Index also fell by 46.08 basis points to 29772.72 points from  29818.80 traded the previous day. Investors traded 1.233 billion shares valued at N67.891 billion in 3441 deals against  2.912 billion shares worth N11.225 billion Read More

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Stock market loses N40bn as inflation rises to 11.40%

June 18, 2019 Editorial IV 0

Trading activities on the floor of the Nigerian Stock Exchange yesterday sustained declining profile, as value of equities depreciated by N40 billion. Specifically, market capitalisation of listed equities dipped further dropping 0.30 per cent to N13.192 trillion from N13.232 trillion reported the previous day. The NSE All Share Index also depreciated by 110.37 basis points to 29936.33 points from 30046.70 Read More

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Losing streak continues at capital market drops 0.23%

June 14, 2019 Editorial IV 0

Investment in the Nigerian Stock Exchange (NSE) Thursday continued down ward trends, failing by N31 billion. Specifically, market capitalisation of listed equities declined further by 0.23 per cent to N13. 224 trillion from N13.255 trillion reported on Tuesday. The NSE All Share Index also depreciated by 70.68 basis points to 30029.15 points from 30099.83 points traded the previous day. Investors Read More

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NSE: Equity market opens week in negative trend, sheds N48bn

June 10, 2019 Editorial IV 0

Trading activities on the floor of Nigerian Stock Exchange (NSE) on Monday opened week in a negative trend, shedding N48 billion. Specifically, market capitalisation of listed equities declined by 0.36 per cent to N13.354 trillion from N13.402 trillion reported previously.   The NSE All Share Index ASI also depreciated by 109.94 basis points to 30322.19 points from 30432.13 traded on Read More

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Equity market closes south ward, sheds N61 bn

June 4, 2019 Editorial IV 0

Trading activities on the floor of Nigerian Stock Exchange (NSE) yesterday opened week in a negative trend, shedding N61 billion. Specifically, Market capitalisation of listed equities declined by 0.45 per cent to N13.623 trillion from N13.684 trillion reported on Friday. The NSE All Share Index also depreciated by 138.98  basis points to 30930.39 points from 31069.31 pointed traded previously. Investors Read More

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Stock market sheds N302bn

May 28, 2019 Editorial IV 0

Trading activities on the floor of Nigerian Stock Exchange yesterday returned to bearish trend eight days after the listing of MTN Nigeria at the Exchange, dropping by N302 billion. Market Capitalisation of listed equities  declined by 2.22 per cent to N13.299 trillion from N13.601 trillion reported on Friday. The NSE All Share Index also went down to 30194.71 points from Read More

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NSE: Nestle leads as market gains N147bn

May 24, 2019 Editorial IV 0

Investment in the nation’s equity market Thursday closed northwards, increasing by N147 billion. Specifically market capitalisation of listed equities increased by 1.07 per cent to N13.864 trillion from N13.717 trillion reported on Wednesday.  The NSE All Share Index appreciated by 332.36 basis points to 31477.51 points from 31145.15 points traded the previous day. Investors traded  559.764 million shares valued at Read More