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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MTN completes N100bn commercial paper issuance

MTN Group

Listed telecoms company, MTN Nigeria, has completed the issuance of its series I and II notes, under its N100 billion commercial paper debt programme. The company announced the issuance in a notice to the Nigerian Stock Exchange and the investing public in a corporate filling signed Wednesday by Uto Ukpanah, the Company Secretary. According to the second most capitalized stock at the NSE, it priced the Series I 180-day CP at an effective yield of 4.90 per cent for N20 billion size and the Series II 270-day CP, sized at…

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Nigerian equities resume week on N118bn loss; profit-taking to blame

Bears maintain grip on equities as investors again lose N280bn

The equities wing of the Nigerian capital market is resuming activities today Monday June 8, 2020 on N118 billion loss recorded by investors to close last week. The weekly lost was propelled by profit-taking stands of many equities investors who seized the opportunity of earlier advancement in share prices to make capital gains, which eventually led to sell pressure. Collectively, investors parted with N118 billion of their stakes in equities as market capitalization slipped by 0.9 per cent to close at N13.05 trillion from the previous week’s close value of…

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Top ten stockbroking firms push stock worth N65bn

Top ten stockbroking firms push stock worth N65bn

A total sum of Ñ65 billion representing 53.85 per cent of the aggregate transaction value of traded shares on the floor of Nigerian Stock Exchange (NSE) in May was facilitated by 10 dealing members which top the list of turnover during the month. Similarly, records show that a total of 5.50 billion units of shares, equivalent to 49.48 per of total volume of traded shares that exchanged hands among investors during the months were pushed by another category of top 10 stockbroking firms. On the list of value string pullers…

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Investors recoup N1.17trn profit on equities in May

Investors recoup N1.17trn profit on equities in May

 As index soars 9.76% MPR cut to favour equities in June – experts   The Nigerian stock market is retracing its steps back to the green territory as trading activities in the Month of May led to realization of N1.171 trillion profit for investors. The performance, which showed improvement over April gain of N896 billion indicated that the market sailed through a stormy period of multiple negative predictions, lockdown, oscillating oil price and astronomical rise in confirmed coronavirus cases. Although, experts held that partial easing of restrictions and lockdown in…

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