Profit-taking ahead amidst strong recovery on NSE, as investors await Tier-1 banks

Market Update for November 10 By Investdata Analysts Tuesday’s trading on the Nigerian Stock Exchange (NSE) remained very volatile and mixed to continue its bull rampage as the composite All-Share index again closed positive, extending the buying momentum for the third consecutive day after side-trending. The high traded volume has supported the V-shaped rally which reveals strong market fundamentals with liquidity and the better-than-expected corporate earnings that indicate healthy companies, even in the face of the current economic downturn. The recent massive surge in equity prices and by extension, the…

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Intraday Oscillation May Continue On Hope For More Banking Sector Numbers

Profit Taking

Market Update for November 4 By Analysts at Investdata Midweek’s transactions on the Nigerian Stock Exchange was mixed and volatile, extending the gaining momentum for the second consecutive day on a low traded volume and flat breadth, with all eyes on the first-tier banks and the most capitalized equity. The trading pattern at the midweek revealed the wait-and-see attitude of players in expectation of more corporate earnings, inflow of funds and other information necessary to further trigger a buying sentiment. Investors, during the session were seemingly indifferent to the impressive…

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Mixed Trading Ahead Still, As Inflation Data Influences Investment Decisions

Mixed Trading Ahead Still, As Inflation Data Influences Investment Decisions

By InvestData Analysts Monday’s trading activities on the Nigerian Stock Exchange remained volatile and mixed with the benchmark All Share index closing red again, thereby extending Friday’s negative stance. This is amidst global fears as the coronavirus scourge fuels mixed trend, threatening economic recovery, even as nations relax the lockdowns to allow for productive activities. The nation’s negative macroeconomic indices continue to worsen meanwhile, as revealed by the latest labour market reports estimating underemployment and unemployment rates at 55.7% at half-year 2020; while July consumer price index soared by 12.82%,…

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Investors’ protection, the core of SEC’s new leadership, says Yuguda

Investors’ protection forms core of SEC’s new leadership, says Yuguda

Protection of investors’ interests in the Nigerian capital market forms the core purpose for the new leadership of the Security and Exchange Commission (SEC), Lamido Yuguda, the new Director-General of the commission has said. The new SEC boss said investor protection would be at the centre of the initiatives of the new management, as any operator who short-changes investors would face the consequences. “For those who want to defraud investors, there would be no respite because we are ready to fight market manipulation to the last, anyone that flouts our…

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NSE Revamps X-DataPortal For Seamless Transactions

NSE Revamps X-DataPortal For Seamless Transactions

The Nigerian Stock Exchange (NSE) has announced the upgrade of its Data Portal (X-DataPortal) to further improve investors’ access to the capital market. The revamped X-DataPortal, provides a more efficient, user-friendly experience for subscribers. The new features include data products, subscription management, payment gateway integration and a lot more. The X-DataPortal which was first introduced in 2013, is an online application that serves as a repository for real time, delayed, end of day and historical data for all financial instruments listed on the NSE. It is a consolidated, streamlined platform…

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Investors heed experts’ counsel to exploit undervalued stocks

undervalued stocks

As market value sheds N186bn Investors are taking advantage of undervalued stocks at the Nigeria Stock Exchange (NSE) to increase their portfolios in anticipation of the second earnings season of the year, the Q’2. This is in line with consistent analysis of the stock market by experts and their counsel to the investing public to bank stocks with strong fundamental and liquidity whose prices are currently on the lowside. In their performance review for last week, analysts observed that attention has shifted tremendously towards stocks with low prices as capital…

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Investors lose N62bn as stock index dips by -0.47%

NSE back above water, Nairobi still in difficulties

Investors at the Nigerian stock market went home on Wednesday with a collective loss of N62 billion as the All Share Index (ASI) nosedived by -0.47 per cent. This led to erosion of more than N44 billion profit they recouped in the previous session and consequently, the ASI closed lower at 25,215.04 basis points while market capitalisation followed suit to end the day lower at N13.154 trillion. The negative session was occasioned specifically by profit-taking activities on the shares of heavyweights such as BUACEMENT which dipped by -3.9 per cent.…

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NSE set to engage global securities exchanges on market concerns

investors, NSE, Onyema, Nigerian Stock Exchange, Webinar

The Nigerian Stock Exchange (NSE) is set to host a special webinar on the impact of COVID-19 on the global capital market and the resilience of securities exchanges in supporting economies, on Wednesday, June 10, 2020. The webinar themed, “Capital Markets in a Pandemic”, will feature a panel session to be headlined by Oscar Onyema, the chief executive officer (CEO) of NSE; CEO, Robert Scharfe, Luxembourg Stock Exchange (LuxSE); Nikhil Rathi, CEO, London Stock Exchange (LSE); and Nandini Sukumar, CEO, World Federation of Exchanges (WFE), and moderated by Eleni Giokos,…

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Bulls succumb to pressure as profit-taking shaves N50bn off equities assets

Nigerian equities open new year

The Nigerian equities market succumbed to pressure to record first negative daily result in June following overwhelming desires by investors to take profits earlier made on their investments. This was notably recorded in the stocks of MTN Nigeria which slid by -1.7 per cent to dampen market performance on Thursday. Precisely, the All-Share Index (ASI) declined by 0.38 per cent to 25,312.05 basis points  which is the biggest southward move since falling 1.1 per cent on May 12, 2020; and accordingly, Month-to-Date (MtD) return decreased to 0.2 per cent, as…

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