NSE tops global performance list, advances by N168bn

Market CAP

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…

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Nigerian equities poised to finish 2020 strong, despite pockets of correction ahead

Market Update for December 1 By Investdata Analysts The nation’s stock market raced higher on Tuesday, opening the month of December in green, after recording the best month for telecoms and blue-chip stocks in three years, continuing six back-to-back sessions of bullish transition on a low traded volume and negative breadth. Tuesday’s volatility and mixed session resulted from the month-end window dressing, profit booking, and repositioning for year-end seasonal trends and ahead of the December year-end earnings reporting season and 2021 corporate actions expected in the first quarter. That is…

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Stock market commences December on green, extends gains by N55bn

Equity market rebounds with N16bn gain

The Nigerian equities market extends bullish run to commence a new month as the first trading session in the month of December was characterized with a positive outlook. At 35,042.14 basis points, the bourse All-Share Index (ASI) inched up by 0.30 per cent from 35,147.62 basis points pegging Year-to-Date (YtD) returns at +30.94 per cent. Similarly, the monetary value of equity investment in the market rose by N55 billion to close higher at N18.365 trillion, having advanced by the percentage point as the ASI. However, Market breadth closed negative as…

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NSE extends gain by N223bn

Equities

Nigerian Stock market yesterday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation, rose further by 1.244 per cent. Market watchers attributed the development to sustained confidence as bargain hunters leverage undervalued stocks. Consequently, the All- Share Index rose by 428.44 basis points or 1.24 per cent to close at 34,769.00 index points as against 34,340.56 recorded the previous day while market capitalisation of equities appreciated by N223 billion or 1.24 per cent to close higher at N18.166 trillion from N17.943 trillion as market sentiment…

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Nigerian stock market advances with N641bn gain

Equity market rebounds with N16bn gain

The Nigerian equity market on Monday closed on a positive note with a gain of N641 billion to sustain a positive trend. The market breadth closed positive, recording only 49 losers as against 11 gainers. The key market performance indicators, the NSE All Share Index and market capitalisation, rose by 3.96 per cent as market sentiment remained positive. Consequently, the All-Share Index rose by 1,226.88 basis points or 3.96 per cent to close at 32.243.05 index points as against 31,016.17 it closed the previous day. Market capitalisation of equities appreciated…

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Intraday Oscillation May Continue On Hope For More Banking Sector Numbers

Profit Taking

Market Update for November 4 By Analysts at Investdata Midweek’s transactions on the Nigerian Stock Exchange was mixed and volatile, extending the gaining momentum for the second consecutive day on a low traded volume and flat breadth, with all eyes on the first-tier banks and the most capitalized equity. The trading pattern at the midweek revealed the wait-and-see attitude of players in expectation of more corporate earnings, inflow of funds and other information necessary to further trigger a buying sentiment. Investors, during the session were seemingly indifferent to the impressive…

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Volatility, Profit Taking May Slowdown, Amidst Reversal Ahead Of Q3 Earnings

Volatility, Profit Taking May Slowdown, Amidst Reversal Ahead Of Q3 Earnings

Market Update for October 12 By Investdata Analysts The nation’s stock market opened the week marginally down, as the benchmark All-Share index continued its bearish trend for the fourth consecutive trading session due to lingering profit taking and price corrections. This is, however, happening in the midst of, and despite rising inflow of funds to the equity space even as the Q3 earnings season has kicked off last week. The expected corporate earnings and September inflation report are likely to further push prices up or down, depending on the numbers…

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Risk off as Trump tests positive for Covid-19

By Han Tan  A wave of risk-off sentiment swept through the global financial markets after US President Donald Trump tweeted that he and First Lady Melania Trump have both tested positive for Covid-19 and will begin their quarantine and recovery process. US and European equity futures, along with Asian benchmark indices, all sank on the news. The safe haven Japanese Yen surged by as much as 0.68 percent to hit its strongest level in over a week against the US Dollar, dragging the Dollar index (DXY) back below the 94.0…

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Mixed Trading Ahead Still, As Inflation Data Influences Investment Decisions

Mixed Trading Ahead Still, As Inflation Data Influences Investment Decisions

By InvestData Analysts Monday’s trading activities on the Nigerian Stock Exchange remained volatile and mixed with the benchmark All Share index closing red again, thereby extending Friday’s negative stance. This is amidst global fears as the coronavirus scourge fuels mixed trend, threatening economic recovery, even as nations relax the lockdowns to allow for productive activities. The nation’s negative macroeconomic indices continue to worsen meanwhile, as revealed by the latest labour market reports estimating underemployment and unemployment rates at 55.7% at half-year 2020; while July consumer price index soared by 12.82%,…

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