Bears’ firm grip on Nigerian equities cost investors fresh N112bn

Nigerian equities

Bears’ firm grip on Nigerian equities cost investors fresh N112bn     The bears are tightening their firm grip on Nigerians stocks as the market recorded its fourth decline in a row, costing investors another turn of loss to the tune of N112 billion on Thursday. Since trading activities commenced on the floor of the Nigerian Stock Exchange (NSE) on Monday, investors have been losing fortune to profit-taking amidst cautious positioning for earnings season. Thus the market closed the last the trading session 0.51 per cent lower as the All-Share…

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Bears maintain grip on Nigerian equities as investors lose N16bn

Bears stage comeback as stocks shed N157bn in four days

The bearish outlook of the Nigerian equities market lasted yet another day as investors recorded the fourth negative close in a row with N16 billion loss on Tuesday. The trend has been ascribed to profit-taking pressure with minimal effect on the general performance of the market as high liquidity, bargain hunting and trapped foreign funds inflow into the market continue to temper the full effect of profit-booking by investors. As the market closed on Tuesday, the local bourse’s benchmark index fell by 0.09 per cent as it shed 30.62 points…

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N390bn gain on equities lifts index by 2.92% WoW

stocks investment, equities

In sharp contrast to the record sell-offs across global markets, Nigerian equities recorded their best weekly performance in four months, crossing 26,000 points for the first time since March 2020. Amidst a sharp drop in fixed income yields following further monetary easing by the MPC, the stock market recorded a significant increase in activity with total volumes and value traded surging by 46.3 per cent and 68.9 per cent week-on-week (WoW). Notably, investors interest in large caps such as Nigerian Breweries (+25.1 per cent), MTN Nigeria (+3.3 per cent) and…

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Nigerian equities shed N7bn as investors book profit

Nigerian equities, market opens week with N55bn loss

Nigerian stock market took hit slightly on Monday with N7 billion to profit-taking by investors who tried to make capital gain by pulling out of some stocks that have recorded consistent gains in recent trading sessions. The day’s performance resonated with predictions by analysts at various investment houses who had forecast such moves by investors even as they noted that that profit-taking impact this time may be minimal as companies roll out details of interim dividend payment which makes case for investors to maintain status quo on some stocks. At…

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