Price dips in bellwethers cost stock investors N167bn

Price dips in bellwethers costs stock investors N167bn

Price dips in bellwethers cost stock investors N167bn     Following the price dip recorded by the bellwethers, the equities market today inched on a negative trend as the all-share index declined sharply by 0.81 per cent to close at 39,114.73 points. The southward movement in connection with the performance by MTN Nigeria (-4.7%), Dangote Cement (-2.5%) and FCMB(-5.8%) leading to a year to date loss of -2.9 per cent and driving the market capitalization to N20.5 trillion from N20.64 trillion. Consequently, market investors lost N167.1 billion from trading. However,…

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Highcap stocks lead in N356bn gain to lift Cap to N20.652trn

Highcap stocks lead in N356bn gain to lift Cap to N20.652trn

Highcap stocks lead in N356bn gain to lift Cap to N20.652trn     Following gains recorded by most highly capitalised (highcap) stocks, transactions on the Nigerian Exchange Limited (NGX) reversed negative sentiments to close in an upbeat on Thursday as market capitalisation appreciated by N356 billion. At the close of trading, the All-Share Index (ASI) gained 679.72 absolute points, representing a growth of 1.75 per cent to close at 39,461.20 points. Similarly, the overall market capitalisation value rose by N356 billion to close at N20.652 trillion. The uptrend was driven…

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Bears stage comeback as stocks shed N157bn in four days

Bears maintain grip on equities as investors again lose N280bn

Bears stage comeback as stocks shed N157bn in four days     The Customs Street remained moody and gloomy for stock investors who staked a sum of N19.039 billion on 1.445 billion shares of quoted companies at the Nigerian Stock Exchange (NSE) last week, during which the market opened for four days. The local bourse could not consolidate the gains recorded in the prior week as profit-taking dominated activities on three of the week’s four trading days ahead of the Easter holidays. Note that the market opened for four trading…

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Mixed trend, portfolio reshuffling ahead on Q1 numbers, economic data

Investors lose N87bn as NSE resumes from Easter holidays

By Investdata Analysts   The mixed trend continued on the Nigerian Stock Exchange on the last trading session of the month and quarter as the benchmark index closed on a negative note, and thereby extending the bear transition for the second successive day, in the midst of corporate earnings and dividend news rains. We see that the influx of 2020 full-year numbers were not enough to impact the market positively as MTNN price depreciation and profit booking in banking stocks dragged the All Share index down, as many companies moved…

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Dividend news, MPC outcome rescue stocks from bears’ grip as investors gain N436bn

Investors recoup N88bn amid depressed stock turnover

As market halts 6-week downtrend   The six-week losing streak in the market came to a halt at the end of trading activities last week, as investors reacted positively to juicy dividends declared by blue-chip companies such as DANGCEM and STANBIC even. Apart from the ubiquitous dividend news and the avalanche of financial reports that help investment with a sense of direction during the week, the outcome of the Monetary Policy Committee (MPC) meeting held during the week also contributed to the reemergence of the bulls at the end of…

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Nigerian stocks maintain uptrend with N109bn gain

Highcap stocks lead in N356bn gain to lift Cap to N20.652trn

Nigerian stocks maintain uptrend with N109bn gain     The local bourse ended Thursday session on bullish with bullish sentiments, as the All-Share index advanced by 0.53 per cent to 39,293.14 basis points. This was as investors gained total sum of N109 billion on their equity investment at the market, thus pushing the aggregate market capitalization higher to close at N20.56 trillion. Investors’ interests in STANBIC (+9.2%) and MTNN (+1.2%) drove the performance. Consequently, the Month-to-Date and Year-to-Date losses moderated to -1.3% and -2.4%, respectively. The total volume traded declined…

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Bulls stage comeback with N199bn gain on Dangcem, MTN, Stanbic, other stocks

Investors recoup N88bn amid depressed stock turnover

Bulls stage comeback with N199bn gain on Dangcem, MTN, Stanbic, other stocks   At the close of trading at the domestic equities market on Wednesday, the run-up in the prices of top counters resulted from the spate of upbeat earnings releases brought about an upturn courtesy of strong buying interest in Dangote Cement (+2.3%), MTN Nigeria (+2.4%), and Stanbic IBTC (+10.0%) weighed positively on Wednesday’s performance. Thus, the All-Share Index rose 0.98 per cent to 39,085.78 points, giving market investors gains in the tune of N199.2 billion while the market year to date loss…

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Bears reclaim stocks as index down by 0.04%

Bank Stocks’ Investors Gain N261bn In April

Bears reclaim stocks as index down by 0.04%   Negative sentiments resurfaced on the Nigerian Stock Exchange (NSE) on Wednesday with the key indicators dropping by 0.04 per cent due to profit taking on banking stocks. Specifically, the All-Share Index (ASI) lost 14.68 points or 0.04 per cent to close at 38,706.13 against 38,720.81 basis points recorded on Tuesday. Accordingly, the month-to-date and year-to-date losses increased to 2.8 per cent and 3.9 per cent. Also, the market capitalisation, which opened at N20.259 trillion inched lower by N7 billion to close…

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Stocks’ six weeks of decline bleed over a new start

Price dips in bellwethers costs stock investors N167bn

Stocks’ six weeks of decline bleed over a new start     The Nigerian equities market has been in the red territory for in the last six consecutive weeks principally because of rising appetite in the fixed income market where yields are continuously getting better as well as profit-taking pressure. Upon returning to the trading floor of the Nigerian Stock Exchange (NSE) on Monday to begin a new week, the bears maintained firm grip on the market despite the influx of better than expected 2020 financial reports filed by issuers.…

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Stock investors lose N371bn in midweek trading

How stock investors lose N416bn in four days

Stock investors lose N371bn in midweek trading   Investors on the Nigerian Stock Exchange (NSE) on Tuesday lost N317 billion in a trading session amid sell pressure on bellwethers. Specifically, the market capitalisation which opened at N20.612 trillion shed N371 billion or 1.80 per cent to close at N20.241 trillion. Also, the All-Share Index dipped 709.72 points or 1.80 per cent to close at 38,686.85 from 39,396.57 achieved on Monday. Accordingly, the month-to-date and year-to-date losses increased to 2.8 per cent and 3.9 per cent respectively. The downturn was impacted…

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