The incidence of “Coronavirus” continued to accelerate this week, reaching a total of 50 countries. This has caused panic across markets and…
Stock Market
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CoronaVirus panic sent world share markets crashing again on Friday, compounding their worst week since the 2008 global financial crisis and bringing…
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The equities market continued its loss-making trend as the All-Share Index dipped 62bps to 26,808.24 points following price declines in STANBIC , GUARANTY and FBNH. Also,…
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Most bourses in the Gulf fell further on Thursday as a rise in new coronavirus cases outside of China heightened fears of…
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Sell-offs in MTNN (-3.5%), ETI (-3.9%) and STERLNBA (-6.0%) dragged the All-Share Index 22bps down to 26,974.38 points. This resulted to a slowdown in YTD return to…
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The All-Share Index lost 3bps to 27,033.10 points following sell pressures in NIGERIA BREWERIES (-2.1%), GUARANTY (-0.4%) and ZENITH (-0.3%). Accordingly, market capitalisation fell ₦4.1bn to ₦14.1tn…
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Losses in banking stocks – GUARANTY (-3.8%), ZENITH (-3.8%) and ACCESS (-6.4%) – dragged the All-Share Index down 127bps to 27,041.03 points. Consequently, YTD return plunged to…
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Bears tighten hold on Nigerian stock market, Naira remains stable across board
The downtrend in the Nigerian Stock market persisted during the outgoing week, as sustained sell-offs in LAWUNION (-36.5%), MANSARD (-10.0%) and FORTE…
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Today, the domestic equities market recorded the first gain of the week as the All-Share Index rose 17bps to 27,568.91 points due to buying interest in BUACEMENT (+3.0%), UBN (+1.4%)…
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The bearish sentiment was sustained at the close of trade as the All-Share Index fell 9bps to 27,523.08 points following sell-offs in GUARANTY (-1.6%), CUSTODIAN (-9.9%) and DANGSUGAR (-2.0%).…
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Price depreciation in Banking stocks – FBNH (-2.5%), UBA (-1.9%) and GUARANTY (-0.5%) – pulled the All-Share Index down 8bps to 27,547.56 points. Consequently, YTD return fell to 2.6% while…
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The domestic equities market opened the week on a bearish note as sell-offs in BUACEMENT (-2.2%), GUARANTY (-3.0%) and ETI (-8.6%) drove the All-Share Index down 67bps to…
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Price depreciation in MTNN (-4.2%), ZENITH (-1.5%) and NEM (-7.3%) drove the All-Share Index down 67bps to 27,694.62 points. Consequently, YTD return moderated to…
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Price appreciation in ACCESS (+1.6%), UBA (+1.3%) and UBN (+1.4%) moved the All-Share Index up 2bps to 27,874.43 points. Consequently, YTD return rose to 3.9% and market capitalisation increased ₦1.3 billion to…
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At the Nigerian stock market bargain hunting in MTNN (+4.4%), WAPCO (+3.0%) and GUARANTY (+0.8%) moved the All-Share Index up 36bps to 27,871.90 points. Consequently, YTD return rose…