Capital Market

Stocks Market Closes 2nd Consecutive Week On Positive, Gains N182bn

By Nse Anthony-Uko (Sundiata Post) – Trading activities on the Nigerian stocks market ended the second consecutive week on a bullish note, with market capitalisation appreciating by N182 billion. All Share Index (ASI) rose 1.45 per cent week-on-week to close at 36,848.17 points, while year-to-date return advanced to 37.11 per cent. Similarly, market capitalisation increased by N182 billion to N12.684 ...

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Equities Market Opens Week With Gains 1.41%

By Nse Anthony-Uko (Sundiata Finance) — The Nigerian equities market, on Monday began the week gaining 1.41 per cent and also extended bullish rally to four consecutive trading sessions on high capitalised stocks. In summary, the All Share Index (ASI) gained 511.00 absolute points, representing a growth of 1.41 per cent to close at 36,3831.93 points. Similarly, the market capitalisation ...

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Capital Market Stakeholders Brainstorm On Attracting Young Investors

By Nse Anthony-Uko (Sundiata Finance) – The Nigerian capital market stakeholders at the weekend brainstormed on the need in deepening the stock market with retain investors especially the young ones. This was made known at the interactive session between regulators, market intermediaries and shareholder groups at a session tagged ‘Investor Clinic’ to close the 2017 edition of World Investor Week ...

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Equities Market Gains 0.15%, As UBA Cancels 2.08bn Shares

By Nse Anthony-Uko (Sundiata Finance) – The Nigerian equities market, on Wednesday gained 0.15 per cent reversing previous day’s loss. In summary, the All Share Index (ASI) gained 52..48 absolute points, representing a growth of 0.15 per cent to close at 35,358.57 points. Meanwhile, the market capitalisation remained unchanged as it closed at N12.171 trillion, same as the previous day. ...

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PZ Cussons Posts N123m Loss For Q1

(Sundiata Finance) – PZ Cussons Nigeria Plc reported 92.24 per cent decrease in losses to N123.08 million for the first quarter ended August 31, 2017. The company result released on the Nigerian Stock Exchange (NSE), on Tuesday showed that this was against the loss after tax of N1.59 billion recorded in the first quarter ended August 31, 2016. The company ...

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PwC Predicts Increased Capital Market Investors Participation

By Nse Anthony-Uko (Sundiata Finance) – Following the recent announcement of the economy marginally exiting recession, PwC Nigeria has said in the medium and long term, activities at the Nigerian Stock Exchange (NSE) is expected to be on an increase as the country continues to see better economic indicators. In the short term, the consultancy firm said it expects inflation ...

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Corporate Restructuring: Forte Oil Puts Equity Raise On Hold

By Nse Anthony-Uko (Sundiata Finance) – Forte Oil Plc has announced the postponement of its proposed N20 billion offer to be raised through book building from the equity market to support operation and drive diversification strategy. In a notice signed by the Company secretary, Akin Olagbende, sent to the Nigerian Stock Exchange (NSE) to the investing public, Forte Oil said ...

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Equities Market Turns Positive, Gains 1.04% At Midweek Trading

By Nse Anthony-Uko (Sundiata Finance) — The Nigerian equities market, on Wednesday gained 1.04 per cent reversing three day bearish run. In summary, the All Share Index (ASI) gained 361.07 absolute points, representing a growth of 1.04 per cent to close at 35,207.89 points. Similarly, the market capitalisation gained N124 billion, to close at N12.137 trillion. The upturn was impacted ...

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Portfolio Investors’ Equities Participation Drop By 11.86% – NSE

By Nse Anthony-Uko (Sundiata Finance) – Activities on domestic and foreign portfolio in the equities market of the Nigerian Stock Exchange (NSE) dropped by 11.86 per cent in July 2017. The bourse in its monthly report Domestic and Foreign Portfolio Investment (FPI) participation in equities market said total transactions by both investors closed July at N194.15 billion as against N220.27 ...

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