Dangcem leads bulls to N334bn gain as week opens

Investors recoup N88bn amid depressed stock turnover

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…

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Nigerian bourse sustains weekly momentum with N390bn gain

Investors recoup N88bn amid depressed stock turnover

It was a broadly bullish performance on the local bourse, with mild gains recorded in three of the four trading days last week. Although, activity levels were weak, as volume and value traded plunged by 84.1 per cent and 28.1 per cent week-on-week (WoW) respectively, the market closed in the green territory with N390 billion profit nonetheless. As transactions on the Nigerian bourse sustained weekly positive sentiment, the All-Share Index (ASI) and market capitalisation appreciated by 2.19 per cent to close the week at 34,885.51 basis points and N18.23 trillion…

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Market correction may linger, offering new entry opportunities ahead of year-end

Profit Taking

Market Update for November 16 By Investdata Analysts Monday’s equity prices on the Nigerian Stock Exchange (NSE) closed lower, for the second consecutive trading session amidst the continued profit booking across sectors after eight straight weeks of market rally, resulting in losses. The good thing is that the pullbacks or price corrections are creating another new buy-in opportunities that will rally when market turn up, despite the fact that factors responsible for the recovery and the bull transition have remained strong over the year. We expect the NSE index to…

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STOCK ANALYSIS: NSE index soars, but continuation may depend on market, economic dynamics

Investors recoup N88bn amid depressed stock turnover

Market Update for November 11 By Investdata Analysts The bull-run on Nigeria’s equity market continued at the midweek still very volatile, closing higher on a positive breadth and huge traded volume, thereby extending the uptrend for the fourth consecutive session on increasing buying momentum and sentiments. The positive sentiments for healthcare, banking, consumer goods and large cap stocks have helped the market to sustain its ongoing rally. Liquidity, one of the market’s major fundamental has supported this recovery as revealed by money flow index at 100 points on daily basis,…

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Nigerian stocks gain N1.933trn in October amidst negative global performance

Nigerian equities Sheds 0.17% as profit-taking returns

The Nigerian Stocks Exchange defied negative performance by most other stock exchanges in the global market as it ended activities for October in the green territory. The gain recouped during the month amounted to N1.933 trillion, pushing up market value significantly by 13.79 per cent during the month and while year-to-date return of the market is now stronger in the green chart at 13.74 per cent. Specifically, market benchmark index, the All-Share Index (ASI) added 3,698.93 points to close the month at N30,530.69 basis points. As this uptick amounted to…

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Nigerian equities snap 12-day bullish run; shed N144bn

Nigerian bourse shed N68bn on Friday as GTBank leads losers

The equities market ended the midweek trading lower as stocks snapped a 12-day bullish run on profit-taking in MTN Nigeria and ZENITHBANK which led to -1.5 per cent and-6.01 per cent falls in their respective share prices, alongside some other bellwethers that closed the day in the red territory. Thus, the All Share Index (ASI) of the Nigerian Stock Exchange (NSE) declined by 0.95 per cent, equivalent to 275.02 lost points to close 28,634.35 basis points. Accordingly, Month-to-Date (MtD) and Year-to-Date gain (YtD) gains both moderated to 6.7 per cent.…

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