Category Archives: Stock Market

Value and Volume up at NSE

The volume of shares traded on the Nigerian Stock Exchange (NSE) appreciated by 60 per cent on Tuesday, with turnover also growing by 176.21million shares.

Investors exchanged 472.01 million shares worth N3.8billion in 4,978 deals.

This was against the 295.80 million shares valued at N2.1 billion traded in 5,180 deals on Monday. Continue reading

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NSE Kick starts market-making process

The management of the Nigerian Stock Exchange (NSE) has concluded arrangements to hold a market-wide workshop on September 11, 2012 as part of activities marking the kick-off of its Market Making initiative.

This initiative will formally commence September 18, 2012 on the Nigerian bourse. Continue reading

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Nigerian Capital Market: Urgent Need For Bail-out!

As the country’s capital market approaches the last quarter of 2012, many operators have expressed worry over Federal Government’s delay in rolling out the intervention initiative it promised the capital market to stimulate confidence in the sector.

The market community had long awaited government’s promise forbearance package to stockbrokers as part of measures to stimulate confidence in the Nigerian capital market and increase liquidity. Continue reading

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Nigerian Capital Market downturn: Stockbrokers diversify operations, invest in agriculture, real estate etc.

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With Nigerian capital market showing little signs of recovery, stockbrokers have begun to diversify operations and investments as a survival strategy.

Aside seeking investment opportunities outside the core equities market, most of them have shrunk their operations and relocated to smaller office spaces. Continue reading

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Stockbrokers lament delay in release of forebearance package

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STAKEHOLDERS in the nation’s bourse have bemoaned delay by the Federal Government in unfolding details of the forbearance package.

The package was pledged to market operators, sequel to the phenomenal meltdown of shares, which had assailed balance sheets of several companies, especially stockbroking firms in the country.

They argued that situation in the market has entered an emergency stage and so any panacea that the stakeholders initiated should be applied as quickly as possible. Continue reading

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Nigerian Stock Market Indicators Drop Further By 0.96%

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Value of equities on the Nigerian Stock Exchange (NSE) fell further yesterday when the twin market indicators on the stock market for the third day running continued on the downward trend as performance index dipped by 0.96 per cent.

Price movement showed that 22 stocks gained weight at the close of the day’s transactions, while 19 constituted the losers’ table in the day.

Specifically, the market capitalisation of listed equities depleted by N72 billion to close at N7.373 trillion down from N7.445 trillion recorded on Tuesday, representing 0.96 per cent depreciation from the previous activity. Continue reading

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Stock Price Records Marginal Gain Of 0.04%

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Transactions on the Nigerian Stock Exchange (NSE) on Monday opened the week on a positive note as the market indices records a marginal gain of 0.04 per cent

The News Agency of Nigeria (NAN) reports that the All-Share Index which opened at 23,292.80 appreciated by 9.41 basis points representing 0.04 per cent to close at 23,302.21 points.

Also, the market capitalisation grew by N3 billion or 0.04 per cent to close at N7.416 trillion against N7.413 trillion recorded on Friday.

NewGold recorded the highest price gain leading with N10 to close at N2, 539 per unit. Continue reading

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