Capital Market

Bearish hold force market index down by N32 billion
Business Capital Market Forte Oil Nigerian Breweries Okomu oil Union Bank of Nigeria

Bearish hold force market index down by N32 billion

Nigerian Stock Exchange Following price losses recorded by most bluechip companies, equity transactions reopened on a bearish note yesterday, causing market capitalisation to plummet by N32 billion. Specifically, at the reopening of transaction for the week on Monday, the All Share Index (ASI) was down by 88.90 absolute points, representing […]

Profit-taking drags stock market All-share index down 1.5%
Business Capital Market Nigerian Stock Exchange NSE Sterling Bank

Profit-taking drags stock market All-share index down 1.5%

Brokers on the floor of Nigerian Stock Exchange in Lagos. Bearish sentiments resurfaced on the trading floor of the Nigerian Stock Exchange (NSE) yesterday, following profit-taking by investors, resulting to a significant drop in the All-share index by 1.5 per cent. Yesterday, the All Share Index (ASI) shed 519.31 absolute […]

Equity market depreciates 0.77% on banks’ stocks slump
Business Capital Market CBN Central Bank of Nigeria Dangote Forte Oil Guaranty Trust Bank Lafarge Africa Nigerian Stock Exchange NSE Stanbic IBTC Holdings

Equity market depreciates 0.77% on banks’ stocks slump

Nigerian Stock Exchange Central Bank of Nigeria (CBN) huge fines on four deposit money banks over alleged illegal fund repatriation on behalf of MTN Nigeria weighed heavily on the local bourse yesterday, causing the All-share index to slide by 0.77 per cent. The Nigerian Stock Exchange-All Share Index (NSE-ASI) decreased […]

Political turbulence triggers more equity slump
Business Capital Market Dangote Group David Adonri FBN Holdings Mobil Nigerian Stock Exchange

Political turbulence triggers more equity slump

Investors lose 2.2 per cent in one day Turbulence in the political arena has sparked massive dumping and induced sell pressure on the equity sector of the Nigerian Stock Exchange as stock market investors lost N257 billion or 2.2 per cent at the close of transactions on Friday. Analysts perceive […]