The market capitalisation of the Nigerian Stock Exchange (NSE) shed N85 billion in what traders have attributed to profit taking in reaction to the results of the presidential poll. The The post Presidential poll result: NSE loses N85bn in six hours appeared first on TheCable.
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2019: UNCERTAINTY RULES STOCK MARKET
Chinwendu Obienyi For the second time in one month since the turn of the year, the Nigerian stock market closed positively, as Friday’s trading session saw the All Share Index (ASI) notching up 1.06 per cent to close strongly amidst interest across large capitalized stocks. The ASI which opened on January 7, 2019 at 30,400.28 […]
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Equities close trading week on Bearish note
Chinwendu Obienyi Proceedings on the floor of the Nigerian Stock Exchange (NSE) closed the second trading week of December on a negative note and as a result, the Month-to-Date (MtD) and Year-to-Date (YtD) losses increased to 0.99 per cent and 20.07 per cent, respectively. The trading week witnessed three negative sessions against two positive sessions […]
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NSE lists 406.07m SAHCO shares
Skyway Aviation Handling Company Plc (SAHCO), yesterday joined the league of quoted companies as the Nigerian Stock Exchange (NSE) admitted its 406.074million ordinary shares of 50 kobo each at N4.65, raising its market capitalization, at listing, to N6.29 billion. The company’s shares are expected to be on services/Transport related services sector with its free float […]
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Election fever high on market
Chinwendu Obienyi Trading sentiments on the floor of the Nigerian Stock Exchange (NSE) remained mixed as investors reacted to the Central Bank of Nigeria (CBN)’s stance that it was reviewing information provided by the MTN and four banks it fined over a dispute on the repatriation of dividends. As a result, the All-Share Index (ASI) […]
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