Investors Seek Safe Bets, As Q3 Earnings Influence Equity Prices Ahead Of Deadline

Market Update for Week Ended October 23 and Outlook for Oct 26-30 By Investdata Analysts Nigeria’s equity market sustained its bullish transition last week, defying the social unrest that was triggered by the protest against the brutality of the Special Anti-Robbery Squad of the nation’s Police that has over the years resulted in extra-judicial killings and extortion of victims, particularly the youth population. The unrest, which spread across the country resulting in imposition of curfews by various state governments across the country’s, thereby heightening the nation’s sociopolitical, economic and currency…

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NSE closes flat as trade volume tumbles 59%

Nigerian equities extends gain on Tuesday to cross N20trn market value

The Nigerian equities market was little changed at the end of midweek trading on Wednesday, as early session gains in large-cap consumer goods names were offset by late profit taking across tier I banks. Thus, the All-Share index closed flat at 28,344.33 points and the capitalization of the equities market closed unchanged at N14.815 trillion. Accordingly, the Month-to-Date (MtD) gain and Year-to-Date (YtD) stood at 5.6 per cent. Sectoral performance was broadly positive, following gains in the Insurance (0.6 per cent), Banking (0.5 per cent), Consumer Goods (0.2 per cent)…

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