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Nigeria stock index Tanks by 1.41% on Renewed Profit Taking…

In line with our expectation, the local equities market closed southwards on renewed profit taking activity. Hence, the domestic bourse tanked by 1.41% week-on-week, resulting in moderation of the NSE ASI to 22,599.38 points. Of the five sub-sectore indices, three closed in red territory: NSE Banking index, NSE...

Nigeria Equities down 0.17%, as Diamond Bank, Berger top losers chart

Loss by the equities segment of the Nigerian Stock Exchange rose to N59.3 billion this week on Thursday as the All Share Index (ASI) on Thursday dropped by 0.17 percent. The market had closed every trading session since Monday on a negative note. The market...

MSCI Decision: Lace Up For another Bull Run?

Index provider, MSCI Inc. announced that it will retain Nigeria in its benchmark frontier-index and precluded Nigeria from a review for potential reclassification to Standalone status1 in line with our earlier view2. According to MSCI, the Investors’ & Exporters’ Window (IEW) improved currency market...

Local Bourse Nosedives by 2.43% on Renewed Bearish Activity

As NIBOR Declines for Most Tenor Buckets amid Renewed Liquidity Ease… At the end of Monday’s trades, the equities market All Share Index (ASI) dipped by 2.43% to close at 21,330.79 points amid renewed profit taking activities even as the Exchange printed 15 Losers as...

Equity trading at Nigerian bourse rise 0.44% as Champion Breweries, Neimeth, Linkage Assurance top gainers

Trading activities on the Nigerian Stock Exchange rebounded on Wednesday as the All Share Index gained 152.13 points or 0.44 percent to reclaim the 35,000 benchmark and close at 35,103.40 points. The aggregate value of all quoted companies measured by the market capitalisation likewise appreciated...

NSE launches Investor Relations Data Pack to ease transactions

The Nigerian Stock Exchange (NSE) has launched Investor Relations (IR) Data Pack, a webpage integrated with key market data, corporate news and disclosures, for its corporate issuers. Mr Olumide Orojimi, Head, Corporate Communications of NSE said this on Thursday in Lagos. Orojimi said the IR Data...

Nigeria’s stocks gain 0.77%, helped by Seplat oil output recovery

LAGOS, June 8  - Nigerian stocks extended gains to hit a new 23-month high on Thursday as the reopening of the Forcados crude oil terminal helped to boost confidence in the country's largest local oil exploration company. Royal Dutch Shell lifted force majeure on exports...

Nigeria’s stock market ends two-week rally, index sheds 1.2 pct

LAGOS, June 6 - Nigerian stocks slipped for the first time in two weeks after some investors decided to book profits from a rally that had pushed the market index to a 23-month high. The index dropped 1.16 percent to 32,200 points as Dangote Cement...

Nigerian Equities Market Rally by 0.08% on Sustained Bargain Hunting Activity; NIBOR Rises Amid Renewed Liquidity Strain…

The Local Equities market revved by 0.08% amid sustained bullish run, despite the Bourse registering 18 losers as against 13 gainers at the close of business today. The uptick in the index was driven by tickers such as ACCESS and MTNN. Meanwhile, the Nigerian...

$2.2b foreign capital from portfolio investors boosts Nigerian equities, CBN says

The Central Bank of Nigeria (CBN) has linked the current upbeat performance in the Nigerian Equities market to the inflow of $2.2 billion foreign capital from portfolio investors. The cash came in through the special Investors/ Exporters (I&E) Forex Window launched last April, according CBN...
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