NSE daily turnover plunges 54% as market CAP sheds N15bn

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NSE daily turnover plunges 54% as market CAP sheds N15bn     It was a grossly bearish session for equities investors trading on the floor of the Nigerian Stock Exchange (NSE) on Wednesday following multiple negative fronts recorded at the end of the session. As the market sustained its downtrend with additional N15 billion loss triggered by accelerated profit-taking charge, the market benchmark index contracted by 0.07 per cent to close at 40,465.32 basis points while aggregate equities value closed lower at N21.169 trillion. Trailing the negative path, turnover for…

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NSE tops global performance list, advances by N168bn

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NSE tops global performance list, advances by N168bn   Poised as world’s best performing exchange year-to-date (YtD), the Nigerian Stock Exchange (NSE) waxed stronger on Tuesday as the trading floor opened for the final week of the year 2020. Trading on Tuesday ended in the green territory following N168 billion profit recouped by investors, equivalent to 0.8 per cent appreciation in market index. Specifically, the All-Share Index (ASI), which measures share price movement at the domestic bourse added 310.16 points to close the session at 39,110.17 basis points while market…

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NGSE: Ongoing Corrections Offers ‘Buy’ Opportunities

AsMixed Trends Continue Market Update for December 3 ___________________________ By Investdata Analysts Again, Nigeria’s equity market suffered marginal losses on Thursday to continue pullbacks as traders took profit from the earlier rally, thereby extending the composite index decline for the second consecutive session on a low traded volume and negative sentiments. The trading pattern this week has revealed mixed trend and accumulation in some particular sectors and individual stocks that were trading low in the morning, only to close higher, or flat at the end of the session. This is…

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How bears’ comeback on Nigerian equities cost investors N470bn

Bears stage comeback as stocks shed N157bn in four days

After eight weeks of hiatus from the local bourse, the bears staged a comeback dominating the market on three of the five trading days of last week. Activity level was mixed, as volume grew strongly by 153.8 per cent week-on-week (WoW) while value declined 38.7 per cent (WoW). Market valuation receded by 2.57 per cent as the All-Share Index (ASI) settled below the 35,000 psychological mark breached in the prior week, closing at 34,136.82 points after shedding 900.64 points. Similarly, the aggregate value of equities investment at the domestics bourse…

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NGSE recovery to continue on inflows from maturing bills, Q3 earnings releases

Profit Taking

Market Update for the Week Ended October 16 and Outlook for Oct 19-23 By Investdata Analysts Nigeria’s stock market maintained its bullish disposition over the past weeks amidst increasing headwinds ranging from the economic meltdown, negative macroeconomic indices, rising insecurity, and a resurgence of new coronavirus infection cases. The new wage of Covid-19 spread has been ignored so far by youths across the country protesting against incidences of brutality, extra-judicial killings, and maiming of often innocent persons, mostly youth, by the Police Special Anti-Robbery Squad popular known as SARS. In…

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Bulls’ party crashes further as profit-takers shave N46bn off equities Cap

profit-taking, stocks

4.8% price fall in DANGCEM weighs heavily _______________________________________ Profit-taking continued on Thursday in the domestic equities market, a situation well envisaged by market analysts and investors in the light of recent 12-day gaining streak enjoyed by the equities market. At the last trading session, 4.8 per cent fall in the price of DANGCEM stocks weighed heavily on the aggregate value of the market capitalisation as the stock remains most capitalized stocks at the Nigerian Stock Exchange (NSE) with high impact. Thus, the benchmark index ended the session 0.31 per cent…

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NGSE Index Soars As Prices Rise On Liquidity Surge, All Eyes On Q3 Earnings

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Market Update for October 6 By Investdata Analysts ___________________________ The winds of positive sentiments and increasing bargain hunting across all classes of stocks strengthened the bull rampage on the Nigerian Stock Exchange (NSE), pushing the composite All-Share index 4.92% up, the highest daily gain in over five years on a huge traded volume and price spike across the sectors. The 15 years of unbelievably low interest rates and undervalued market after more than two consecutive year of decline had triggered the inflow of funds to equity assets from smart money…

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Monetary policy induced rally turns NSE YtD positive, ahead of q3 earnings

Equities, shares, NSE, Airtel, Nestle

Market Update for the Week Ended September 25 and Outlook for Sept 28-Oct 2 By Investdata Analysts Equity prices in the last full trading week of September, which has traditionally been a bearish month, turned positive even as the Nigerian Stock Exchange (NSE) All-Share Index recorded the biggest weekly gain over the past four months. Specifically, the benchmark index sustained this bull transition on an increased momentum, halting two weeks of sideways trending on a high traded volume. The rebound was due to the increased funds inflow from other investment…

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Correction Ahead On NGSE, As Investors Position For Interim Divs, Economic Data

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Monday’s trading on the Nigerian Stock Exchange (NSE) closed slightly higher on increased buying wave in manufacturing and banking stocks that pushed the composite All-Share index up, sustaining its positive outlook for three consecutive sessions of gains. The NSEASI has again formed another double top on a daily chart at a strong resistance level of 25,605.59 basis points on a relatively high traded volume and mixed sentiment, trading above the seven, 20 and 50-Day Moving Average. Technically, at the end of Monday’s trading there was a reversal sign in trend…

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