Browsing: NSE

Profit Takings Wipes Off ₦49.6 Billion from Stock Market. The Nigerian Stock Exchange (NSE) traded southwards for the third consecutive day this week, as investors continue to take profit.

Stock market cap declines ₦2bn as investors’ sentiment fade. Weak investors sentiment has necessitated sell-offs that knocked off ₦2 billion from the Nigerian Stock Exchange. This pushed the stock market capitalisation down to ₦12.9 trillion on Tuesday. The benchmark All Share Index declined 2 basis point (bps) to close at 24,750.06 points.

Chapel Hill Denham Forecasts Tighter Liquidity as NSE Opens Negative. In the Nigerian Stock Exchange, Trading activities commenced the week on a negative note, sustaining the bearish run from last week.

NSE Index Tanks by 1.41% amid Renew Bearish Sentiment. The Nigerian Stock Exchange (NSE) performance this week was largely bearish, wiping off previous gains made by investors.

Fixed Income Market Records Mix Performance amid Rising Inflation Concern. Amidst rising inflation rate, the fixed income market recorded a mixed performance. Chapel Hill Denham said while average secondary T-bills rate remained unchanged at 3.02%, average discount rate on secondary OMO bills fell further by 5 basis points (bps) to 4.62%.

Equities Market Rebounds amidst Renew Bullish Activity. The Nigerian Stock Exchange rebounds amidst renewed bullish activities. This is coming just as the Bureau of Statistic data shows inflation rate increase to 12.40% in May.

NSE Goes South as Equities Investors Take Profits. Equities segment of the Nigerian Stock Exchange continues the bearish run for the second day in the week.

Unity Bank Returns to Profitability in 2019, Stays Positive in Q1. After protracted delay in releasing its audited scorecard, Unity Bank Plc on Wednesday declared gross earnings of N44.59 billion for the financial year ended Dec. 31, 2019.

NSE Depreciates ₦62.6bn as Large Cap Stocks Dominate Losers Chart. Bear returns pulled back the Nigerian Stock Exchange key indicators as profit taking reversed yesterday’s rally.

FSDH Bullish on Top Names in FMCG, Banking, Telecom Sectors. Analysts at FSDH is showing love to top names in the banking, FMCG and Telecommunication sectors in addition to United Africa Company of Nigeria (UACN) Plc in its top stocks pick.