Business Stocks Top Story

NSE goes public, goes bullish

Reading Time: 2 minutes The nation’s bourse on Wednesday overcame its negative posture growing by N128 billion following bargain buying in Dangote Cement and Nestle as well as news of approval of demutualisation. Specifically, the market capitalisation rose by N128 billion or 0.63 per cent to close at N20.369 trillion against N20.241 trillion recorded on Tuesday. Similarly, the All-Share Read More…

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NSE resumes week with N40bn loss due to profit taking

Reading Time: 2 minutes The Nigerian stock market opened for the week on Monday with a loss of N40 billion, halting five consecutive days positive run. Speficially, the market capitalisation which opened at N21.530 trillion shed N40 billion to close at N21.490 trillion. Also, the All Share Index which opened at 41,176.14 lost 93.76 points or 0.23 per cent Read More…

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NSE opens week with 0.08% growth on Zenith Bank rally

Reading Time: 2 minutes Trading on the nation’s bourse resumed on Monday on a positive note, following investors’ interest in shares of Zenith Bank, International Breweries (IB) and Flourmill. Speficially, the All-Share Index rose by 30.56 points or 0.08 per cent to close at 40,150.78 from 40,120.22 on Friday. Similarly, the market capitalisation improved by N16 billion or 0.08 Read More…

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NSE loses N246bn in bearish trading

Reading Time: 2 minutes Image Credits: REUTERS. The bears dominated trading activities on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation losing N246 billion in six hours of trading. Specifically, the market capitalisation, which opened at N21.224 trillion shed N246 billion to close at N20.978 trillion. Similarly, the NSE All-Share Index decreased by 470.64 points or Read More…

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NSE sustains growth by N66bn on Seplat gain

Reading Time: 2 minutes Trading activities on the nation’s bourse advanced further by N66 billion to extend gaining streak to two consecutive sessions. The price rally was driven by gains posted by Seplat and 26 other equities. Specifically, the All-Share Index gained 125.70 points or 0.31 per cent to close at 40,590.85 from 40,465.15 achieved on Wednesday. Also, the Read More…

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NSE drops N393bn on renewed profit taking

Reading Time: 2 minutes Image Credits: REUTERS. The nation’s bourse recorded its first loss in the year on Tuesday, dropping by N393 billion due to renewed profit taking on blue chips. Specifically, the market capitalisation shed N393 billion or 1.83 per cent to close at N21.122 trillion from N21.515 trillion recorded on Monday. Similarly, the All-Share Index lost 751.25 Read More…

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Following border reopening, NSE market capitalisation hits N19trn

Reading Time: 2 minutes Image Credits: REUTERS. The Nigerian Stock Exchange (NSE) market capitalisation on Friday rallied by N296 billion to cross N19 trillion mark, amid gains by some blue chips. Specifically, the market capitalisation which opened at N18.940 trillion rose by N296 billion or 1.56 per cent to close at N19.236 trillion. Also, the NSE All-Share Index inched Read More…

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Bulls persist on NSE, index crosses 36,000 mark

Reading Time: 2 minutes Image Credits: NSE. The nation’s bourse on Thursday continued positive run for the fourth straight trading session with the benchmark index crossing 36,000 mark due to interest in Airtel Africa and 29 other stocks. Specifically, the All-Share Index inched higher by 746.47 points or 2.10 per cent to close at 36,239.62 compared with 35,493.15 recorded Read More…