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Saturday, June 6, 2020
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Nigeria Stock Exchange

NSE ASI Declines by 0.72% on Renewed Profit Taking…

In line with our expectations, the local equities market closed in the red amid profit taking activity. Hence, the local bourse tanked by 0.72% week-on-week, resulting in decrease of the NSE ASI to 23,871.33 points. Similarly, most of the sectoral indices closed southwards, especially...

Domestic Equities Market Falls Marginally by 0.09% on Renewed Bearish Activity

As NIBOR Rises for Most Tenor Buckets amid Sustained Liquidity Strain... The Local Bourse All Share Index (ASI) dwindled by 0.09% amid renewed profit taking activity despite the Exchange recording 13 losers as against 18 gainers at the close of trading session. Hence, the year...

Buyers interest in NESTLE, DANGCEM, GUARANTY, ZENITHBANK lifts Nigerian Equities by 0.77%

As NIBOR Rises for Most Tenor Buckets amid Renewed Liquidity Strain... The Local Bourse All Share Index (ASI) advanced by 0.77% amid sustained bargain taking activity even as the Exchange recorded 18 gainers as against 14 losers at the close of trade. Hence, the year...

MTN Group Shares Slump, Cuts Spending to Preserve Cash During Virus Pandemic

MTN Group Ltd. reduced spending plans for the full year to focus on preserving cash and maintaining networks as Africa’s biggest wireless carrier by sales navigates the Covid-19 pandemic. MTN will invest 21 billion rand ($1.1 billion) to 22 billion rand in 2020, compared with...

GTBank, other Banking stocks spike Domestic Equities Market Rebounds by 0.06% on Renewed Bullish Activity

As NIBOR Declines for Most Tenor Buckets amid Sustained Liquidity Ease.... The Local Bourse All Share Index (ASI) rose marginally by 0.06% amid renewed bargain taking activity even as the Exchange recorded 20 gainers as against 8 losers. Hence, the year to date loss of the...

Local Equities Market Plunges by 1.06% on Sustained Bearish Activity

; NIBOR Declines for All Tenor Buckets amid Renewed Liquidity Ease.... The Local Bourse All Share Index (ASI) dwindled by 1.06% amid sustained profit taking activity even as the Exchange recorded 15 losers as against 14 gainers. Hence, the year to date loss of the...

GtBank, ZENITHBANK, UBN, FIDELITYBK suppress share prices as Local Equities Market Dips 0.39%

As NIBOR Rises for All Tenor Buckets amid Renewed Liquidity Strain.... MPR: 13.50% Mar ’20 Inflation Rate: 12.26% Q4 2019 Real GDP: 2.55% At the close of Monday’s trading session, the Local Bourse All Share Index (ASI) declined by 0.39% amid sustained profit taking activity even as...