RECAP & OUTLOOK: Nigerian stock market adds N1.043trn gain in 51st week

investors gain

RECAP & OUTLOOK: Nigerian stock market adds N1.043trn gain in 51st week As market cap surpassed N20trn Weekly trade value swells by 128% Analysts forecast sustained uptrend, price correction, expatriates’ return   As the year 2020 winds down with less than a week to close the year, the Nigerian stock market has further posted positive record to close the penultimate week of the year with N1.043 trillion profit. Last week which is the 51st week of the year, investors flocked into the shares of Dangote Cement following the announcement of…

Read more

Nigerian Stock market rebounds, gains N509bn in 2 days

Stock bull

The Nigerian stock market has rebounded from the negative numbers with which it closed activities last week as it commenced a new week with bullish outlook. Upon resuming trading activities on Monday and Tuesday, investors recouped N309 billion and N300 billon respectively, totaling N509 billion gain since the beginning of the week. Similarly, the All-Share Index (ASI) appreciated by 974.48 points or 2.85 per cent during the two trading sessions. The benchmark index, which tracks the aggregate share price movement at the NSE, added 592.7 points to close at 34,843.44…

Read more

Nigerian stock market yields N137bn weekly gain

investors gain

The Nigerian stock market managed to eke out a weekly gain of N137 billion amidst profit-taking pressure, as the All-Share Index (ASI) ended the week 0.7 per cent higher at 35,137.99 basis points. This development also triggered an upswing in the aggregate capitalization of equity investments at the Nigerian Stock Exchange (NSE) which closed the week higher at N18.365 trillion. The sustained momentum was propelled largely by gains in AIRTELAFRI which advanced by 19.6 per cent on either side of the week, following continued foreign investor interest. As such, the…

Read more

Investors lose N62bn as stock index dips by -0.47%

NSE back above water, Nairobi still in difficulties

Investors at the Nigerian stock market went home on Wednesday with a collective loss of N62 billion as the All Share Index (ASI) nosedived by -0.47 per cent. This led to erosion of more than N44 billion profit they recouped in the previous session and consequently, the ASI closed lower at 25,215.04 basis points while market capitalisation followed suit to end the day lower at N13.154 trillion. The negative session was occasioned specifically by profit-taking activities on the shares of heavyweights such as BUACEMENT which dipped by -3.9 per cent.…

Read more