How stock investors lose N416bn in four days

How stock investors lose N416bn in four days     Investors in the Nigerian equities market had a terrible first week of May with collective losses estimated at N416 billion as profit-taking overwhelmed the market. The week which opened on Tuesday due to the observation of Worker’s Day Holiday on Monday as declared by the federal Government of Nigeria had three of the four trading sessions cloaked in red. Notably, profit-taking in STANBIC (-6.0 per cent), MTNN (-4.1 per cent), GUARANTY (-2.8 per cent), and DANGCEM (-2.5 per cent) drove…

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Bears maintain grip on equities as investors again lose N280bn

Bears maintain grip on equities as investors again lose N280bn

Bears maintain grip on equities as investors again lose N280bn     Investors in the Nigerian stock market lost N274bn on Wednesday as 23 firms saw their share prices drop at the end of trading. The Nigerian Stock Exchange All-Share Index fell by 1.33 per cent to 38,781.48 basis points from 39,305.48bps. The market capitalisation of equities declined to N20.30tn on Wednesday from N20.58tn on Tuesday. A total of 259.51 million shares valued at N1.91bn were traded by investors in 3,547 deals at the end of trading on the floor…

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Equities shed N7bn as banking stocks go bearish

Equities shed N7bn as banking stocks go bearish

Equities shed N7bn as banking stocks go bearish     The local equities market reversed its previous day’s gains on Tuesday as the benchmark index declined marginally by 0.03 per cent to close at 39,305.48 points. The decline amounted to approximated N7 billion loss for investors, driven majorly by price falls in banking stocks such as GTBank that shed -0.5 per cent, Access Bank with -1.3 per cent depreciation and UBA that slipped byb-1.3 per cent, thus reversing the gains of the previous session. Consequently, the market year to date loss settled at -2.4 per cent,…

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Investors recoup N88bn amid depressed stock turnover

Investors recoup N88bn amid depressed stock turnover

Investors recoup N88bn amid depressed stock turnover     The Nigerian stock market extended its positive outlook on Tuesday despite the low activity level across trade volume and value lines recorded during the session. At the close of the day, equity investors recouped fresh N88 billion over their investments, equivalent to 0.43 per cent rise in the value of aggregate market valuation. Specifically, the All-Share Index (ASI) that tracks share prices in the market gained 167.56 points to close at 39,015.58 basis points while market CAP followed suit to close…

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Stock investors lose N7bn as market return southwards

How stock investors lost N416bn in four days

Stock investors lose N7bn as market returns southwards   Sentiments again went negative as trading on the floor of the Nigerian Stock Exchange (NSE) closed southwards on Tuesday with N9 billion loss. Following the day’s loss, the All-Share Index (ASI) tracking share price movement at the bourse shed 17.9 points, equivalent to 0.04 per cent depreciation to close at 38,704.97 index points. Similarly, the equities market capitalization ended in the red by losing the same percentage points to close at N20.251 trillion from N20.260 trillion. The ASI was dragged by…

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Equities rebound as bargain hunting spurs N178bn gain

Investors lose N87bn as NSE resumes from Easter holidays

Equities rebound as bargain hunting spurs N178bn gain     The Nigerian equities market opened the week on a positive note following bargain hunting across the industrial tickers as weekly activities commenced on the floor of the Nigerian Stock Exchange (NSE) on Monday. As investors saw respite from after seventh consecutive week of losses, the market index on Monday rose 340.49 points or 0.89 per cent to close at 38,722.87 basis points. In monetary term, this amounted to N178 billion profit for equity investors as aggregate value of stock investment…

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Equities closed 7th negative week with N140bn loss

Price dips in bellwethers costs stock investors N167bn

Equities closed 7th negative week with N140bn loss     The Nigerian stock market extended its decline last week for the seven consecutive week as investors lost N140 billion. The negative record was despite three bullish session out of the five in the week and impressive rise in the banking index. The decline was however caused by continuous profit-taking and rising yield in the fixed income market. The Nigerian Stock Exchange All-Share Index (NSEASI) and market capitalisation depreciated by 0.69 per cent to close the week at 38,382.39 and N20.082…

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Bears reclaim stocks as index down by 0.04%

Bank Stocks’ Investors Gain N261bn In April

Bears reclaim stocks as index down by 0.04%   Negative sentiments resurfaced on the Nigerian Stock Exchange (NSE) on Wednesday with the key indicators dropping by 0.04 per cent due to profit taking on banking stocks. Specifically, the All-Share Index (ASI) lost 14.68 points or 0.04 per cent to close at 38,706.13 against 38,720.81 basis points recorded on Tuesday. Accordingly, the month-to-date and year-to-date losses increased to 2.8 per cent and 3.9 per cent. Also, the market capitalisation, which opened at N20.259 trillion inched lower by N7 billion to close…

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Equities rebound as Dangcem, MTN, 9 others net N83bn gain

Investors recoup N88bn amid depressed stock turnover

Equities rebound as Dangcem, MTN, 9 others net N83bn gain   The domestic equities rebounded on Tuesday from the bearish close the previous session, following investors’ buying interest in bellwethers – DANGCEM (+3.6%) and MTNN (+1.2%). Accordingly, the benchmark index advanced by 0.41% or 158.97 points to 38,720.81 points. Similarly, market cap of stocks appreciated by N83 billion to close at N20.259 trillion from N20.176 trillion it opened the session. Consequently, the Month-to-Date (MtD) and Year-to-Date (YtD) losses moderated to -2.7% and -3.9%, respectively. The total volume traded increased by…

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Stock investors see respite with N34bn gain

Highcap stocks lead in N356bn gain to lift Cap to N20.652trn

Stock investors see respite with N34bn gain    Investors trading on the floor of the Nigerian Stock Exchange (NSE) started the week on a positive note, with the market snapping four-day consecutive days of decline. This came as the equities index advanced by 0.17 per cent to 39,396.57 basis points, with aggregate equities market cap gaining N34 billion to close higher at N20.613 trillion. The performance was buoyed by investors’ interests in WAPCO (+7.7 per cent) and some tier 1 banking stocks, including FBNH (+2.8 per cent) and ACCESS (+2.6…

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