Omodele Adigun Although the benchmark index at the Nigerian Stock Exchange (NSE) closed in the red last week, Unity Bank Plc emerged as the best performing stock, appreciating by 30.99 per cent. Market information from the NSE showed that the Unity Bank stock opened at N0.71 and closed at N0.93, representing an increase of N0.22. […]
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Nigerian Stock Exchange
Banking sector rebound lifts stock market
Chinwendu Obienyi Transaction proceedings on the floor of the Nigerian Stock Exchange (NSE), yesterday, ended with a flattish 0.03 per cent in the All-Share Index (ASI), which closed at 32,152.90 points following fresh rounds of bargain hunting in banking stocks by short-term investors. Accordingly, the Month-to-Date and Year-to-Date losses dipped to 0.97 and 15.93 per […]
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Market indicators plunges 0.18% as bearish trends persist
Securities trading on the Nigerian Stock Exchange (NSE) again opened Monday on a negative note, as crucial market indices slipped further by 0.18 per cent with Diamond Bank emerging the most traded equity on the activity chart. The All-Share Index dropped by 56.80 points or 0.18 per cent to close at 32, 143.41, compared with […]
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Diamond, Access banks refute purported merger talks, notify NSE
Chinwendu Obienyi Diamond Bank Plc and Access Bank Plc have notified the Nigerian Stock Exchange (NSE) and the general public that both banks are not in any merger or acquisition talks as being circulated in some sections of the media. The banks, in separate statements to the exchange yesterday, denied the rumours that they were […]
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Investors’ sell-offs drags market index down by 0.2%
The equities market on the Nigerian Stock Exchange, NSE started the week (Monday) on a negative note, as the All Share Index, ASI fell by 0.2 percent to close at 32,143.41 points, owing to sell pressure in banking stocks.
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NSE: Foreign portfolio transactions rise by N208bn in Q3
Chinwendu Obienyi Amidst heightened political tension in the Nigerian economy, the total transactions done by foreign investors on the floor of the Nigerian Stock Exchange(NSE) rose by 26.53 per cent or N207.85 billion in the third quarter (Q3) of 2018 to N991.2 billion compared with N783.34 billion recorded in the period of 2017. The proportion […]
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ASHON partners Mauritius firm on capacity building
The Association of Stockbroking Houses of Nigeria, (ASHON) in an exploratory move, is seeking partnership with a leading Mauritius based Information and Communications Technology ( ICT) company, Acoyvis Limited. The foreign ICT firm has proposed an international workshop for ASHON to address the global best practices in technology governance and the need to enhance oversight functions of […]
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Capital Market Report : Global oil price fluctuation rules stock market
Chinwendu Obienyi Following price losses posted in industrial and consumer goods stocks, transaction activities on the floor of the Nigerian Stock Exchange (NSE) closed the first trading week of November in negative territory. The All-Share Index (ASI), which had gained 0.37 per cent in the previous trading session, reversed its gain and dropped 0.09 per […]
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E-dividend, shareholders’ fear, Registrars’ attitude
The move by the Securities and Exchange Commission, SEC, to reduce the huge unclaimed dividend estimated at over N60 billion in the nation’s capital market at the shortest period may not be realised given the several complaints by shareholders over the attitude of registrars in the implementation of the electronic, e- dividend mandate.
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9M’18: Why Stanbic IBTC, Rencap, CSL emerged best performing stockbrokers
Stanbic IBTC Stockbrokers Limited (SISL), a member of Stanbic IBTC Holdings Plc, Rencap Securities Nigeria Limited and CSL Stockbrokers Limited have emerged top three best performing stockbrokers by value of transactions recorded on the Nigerian Stock Exchange, NSE, in nine months to September 2018.
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