NSE - Business Metrics

NSE’s N38.56trn value: Between IPO and debt capital raising

Jan 20, 2021 Ugochi Emmanuel

NSE’s N38.56trn value: Between IPO and debt capital raising At the close of the year 2020, the aggregate worth of investment at the Nigerian Stock Exchange (NSE) swelled to N38.56 trillion. This comprises of the two segments of the market, namely equities and bond. The NSE’s equity market capitalization was up by 62.42 per cent, from N12.97 trillion in 2019 to N21.06 trillion in 2020 while market turnover saw an uptick of 7.25 per cent, from N0.96 trillion in 2019 to N1.03 trillion in 2020. The equities market experienced…

Equities: Selloffs in bellwethers trigger N55bn loss in 2 days

Jan 20, 2021 Omobayo Azeez

Equities: Selloffs in bellwethers trigger N55bn loss in 2 days Selloffs in some bellwether stocks on Tuesday have forced the Nigerian equities market to remain in the green territory with sustained loss trend that revisited the market on Monday. Trading statistics obtained from the Nigerian Stock Exchange (NSE) shows that while the market shed N36 billion to open week on Monday, the bearish trend continued on Tuesday as investors lost another N16 billion. With an aggregate N55 billion loss in two days, the capitalization of equities investments at the bourse…

Dangcem, MTN, Guinness, others push NSE to first weekly loss

Jan 10, 2021 Banjo Olaniran

Dangcem, MTN, Guinness, others push NSE to first weekly loss The local bourse ended the first trading week of 2021 in the red, as losses recorded on the second and last trading days eroded gains from the other trading days of the week. The loss was primarily fueled by pullbacks in the stocks of Dangote Cement, Guinness, Unilever and MTN Nigeria which declined by -8.1 per cent, -5.0 per cent, -5.0 per cent, and -2.8 per cent respectively. Accordingly, the All-Share Index (ASI) declined by 0.37 per cent week-on-week…

Demutualisation: NSE announces chief executives for emerging entities

Jan 6, 2021Jan 6, 2021 Banjo Olaniran

How local investors stimulate N1.03trn share deals in 2020 – Onyema

Demutualisation: NSE announces Chief executives for emerging entities The National Council of The Nigerian Stock Exchange (NSE) has announced three principal executives to head the three subsidiaries of demutualised Nigerian Stock Exchange (NSE) upon the completion of its ongoing demutualisation. The three non-operating Companies are the Exchange Group Plc, Nigerian Exchange Limited and NGX Regulation Limited. According to a statement from the exchange on Wednesday, Oscar Onyema has emerged the Group Chief Executive Officer of the Exchange Group Plc. While Temi Popoola emerged as the Chief Executive Officer of the…

How MTN boosts Nigeria’s economy with N4.97trn in taxes, infrastructure

Jan 5, 2021Jan 5, 2021 Omobayo Azeez

How MTN boosts Nigeria’s economy with N4.97trn in taxes, infrastructure Telecoms giant, MTN Nigeria, has spent the sum of N4.97 trillion to provide infrastructure for its Nigerian operations as well as fulfilling tax obligations to the government in the last 19 years. In its maiden sustainability reported filed at the Nigerian Stock Exchange (NSE) where the telco is listed as the second most capitalized issuer, MTN has disclosed ways in which it had added value to Nigerians and the economy of the country. The report read in part, “As part…

2020: Investors gain N8.21trn as NSE posts best result in 12 years

Jan 4, 2021 Banjo Olaniran

2020: Investors gain N8.21trn as NSE posts best result in 12 years Amidst turbulent events that rocked the year 2020 to its very foundation, the Nigerian Stock Exchange (NSE) has posted a positive performance described as phenomenal by analysts in the country’s capital market. Moving against the current of Coronavirus pandemic’s economic disruption, the civil unrest triggered by a ubiquitous protest in many parts of the country and other economic headwinds in 2020, Nigerian equity market recorded N8.21 trillion profit to close the year in the green territory. Firstly,…

NSE tops global performance list, advances by N168bn

Dec 30, 2020 Omobayo Azeez

NSE tops global performance list, advances by N168bn Poised as world’s best performing exchange year-to-date (YtD), the Nigerian Stock Exchange (NSE) waxed stronger on Tuesday as the trading floor opened for the final week of the year 2020. Trading on Tuesday ended in the green territory following N168 billion profit recouped by investors, equivalent to 0.8 per cent appreciation in market index. Specifically, the All-Share Index (ASI), which measures share price movement at the domestic bourse added 310.16 points to close the session at 39,110.17 basis points while market…

PHOTO: NSE won Best Regulatory Information Management Award

Dec 30, 2020 Banjo Olaniran

NSE won Best Regulatory Information Management Award – PIX L – R: Mr. Segun Mcmedal, Chairman, Lagos State Chapter of the Nigerian Institute of Public Relations; Ms. Yeye Agnes Shobajo, Member, NIPR presenting the Best Regulatory Information Management Award to The Nigerian Stock Exchange (NSE) represented by Mr. Olumide Orojimi, Head, Corporate Communications, NSE, during the Lagos Public Relations Industry Gala and Awards (LaPRIGA Awards) at the Shell Hall, MUSON Centre, Onikan, Lagos recently.

Stock market index sustains uptrend by 1.20%

Dec 23, 2020 Omobayo Azeez

Stock market index sustains uptrend by 1.20% Bulls extended their dominance in the Nigerian equity market to seventh successive sessions on Tuesday, as the All-Share Index (ASI) appreciated by 1.20 per cent. At the close of transactions, the ASI gained 450.21 absolute points, representing a gain of 1.20 per cent to close at 37,893.61 points. Similarly, the overall market capitalisation appreciated by N235 billion to close at N19.805 trillion. The uptrend was driven by price appreciation in medium and large capitalised stocks, including Dangote Cement, Eterna, Cadbury Nigeria, Zenith…

Dangcem leads bulls to N334bn gain as week opens

Dec 22, 2020Dec 22, 2020 Omobayo Azeez

Dangcem leads bulls to N334bn gain as week opens Dangote Cement led charges as the Nigerian equity market on Monday sustained its positive outlook to close the opening session of the week in the green territory. Overall, the Nigerian Stock Exchange All Share index (NSEASI) and market capitalisation rose further by 1.73 per cent. This was a record against the odd of flat sentiments, measured by market breadth that closed with emergence of 23 gainers against 23 decliners. Consequently, the All-Share Index grew by 638.65 basis points or 1.73…