Nigerian bourse extends gaining streak by N18bn

Nigerian bourse extends gaining streak by N18bn

The Nigerian equities market improved marginally on Thursday by 0.10 per cent as price appreciation witnessed in Guaranty (+2.6 per cent), IntBrew (+9.6 per cent) and Mobil Plc (+9.9 per cent) drove the benchmark index higher. Specifically, the Nigerian Stock Exchange all-Share Index (NSEASI) advanced by 34 points or 0.1 per cent to close the session at 34,803.00 index points. Consequently, investors recouped N18 billion as market capitalisation rose to N18.185 trillion from N18.167 the previous day, while the year to date return improved to 29.6 per cent. However, the activity level declined as volume…

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Bull-trend may continue on funds inflow, corporate numbers, profit-taking

Profit Taking

Market Update for the Week Ended November 6 and Outlook for Nov 9-13 By Investdata Analysts Transactions on the Nigerian Stock Exchange last week maintained a bullish transition for the seventh successive week, despite the seeming profit taking witnessed within the period, which is part of stock market dynamics. The continued maturity of investment in OMO bill and other fixed income instruments has supported the wave of funds inflow to the equities, which is the only asset class trending up and wealth creation opportunities for discerning investors and traders. This,…

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Nigerian stocks stronger with N106bn daily gain

Why Nigerian stocks are turning around

Nigerian stocks stronger with N106bn daily gain Nigerian equities market sustained gaining streak on Tuesday as it all ended in praises for stock investors who recouped fresh profit on their investments to the tune of N106 billion at the close of the session. Experts have ascribed the ongoing bull-run to liquidity in the system as high inflation and low yields continue to discourage  flow of funds into the fixed income market. This, obviously, is coupled with the many third quarter financial reports being released at the exchange, showing recovery from…

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NSE sustains fourth bullish week with N128bn despite 38% turnover fall

equities index rebounds by 0.17

The Nigeria stocks market remained in the green territory for the fourth consecutive week after it closed session last week with N128 billion. As equities investors recouped the profit, market value appreciated by 0.86 per cent, driving both market capitalization and the benchmark index higher to close at N14.980 trillion and 28,659.45 basis points. All other indices finished positive with the exception of NSE Insurance which depreciated by 0.68 per cent while the NSE ASeM Index closed flat. The weekly session however recorded less participation in turnover as both traded…

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Nigerian bourse shed N68bn on Friday as GTBank leads losers

Nigerian bourse shed N68bn on Friday as GTBank leads losers

The bears maintained dominance on the Nigerian Stock Exchange on Friday with the market capitalisation declining further by N68 billion. Market cap closed at N14.852 as against the opening value of N14.920 trillion. Also, All-Share Index (ASI) which opened at 28,546.22 lost 130.91 points or 0.46 per cent to close at 28,415.31 basis points. Guaranty Trust Bank topped the losers’ chart, dropping by N1.60 to close at N30.40 per share. Dangote Cement trailed with 50k to close at N150, while PZ was down by 40k to close at N4.10 per…

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ANALYSIS: NGSE Index Slides Again, Amidst Hope of Rebound On Maturing Bills, Q3 Earnings

Market Update for October 8 By Investdata Analysts Thursday’s trading on the Nigerian Stock Exchange (NSE) was mixed and volatile, extending its negative outing for the second consecutive session, amid continued profit booking on a reduced momentum. This was as investors took advantage of the pullback to reposition for the Q3 earnings reporting season, while keeping an eye on the ongoing final quarter’s seasonality that comes with year-end trading pattern. Investors and traders remain hopeful that the additional funds entering the stock market and the expected Q3 numbers would continue…

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