Nigerian Market News

• Review of capital market activities in first quarter of 2020 April 5, 2020
  The All Share Index (ASI) of the Nigerian Stock Exchange (NSE) closed at 21,300.47 points on the last trading day of the first quarter of 2020. In terms of performance, it amounted to a return of -20.65 percent. The mood at the end of the first quarter of this year was in contradistinction to the […]
• AfDB lists $3bn ‘Fight Covid-19’ Social Bond on London Stock Exchange April 4, 2020
  The African Development Bank’s “Fight Covid-19” social bond, the largest of such a bond to date to be issued in the capital market, listed on London Stock Exchange (LSE) on Friday April 3, 2020, and is now available through its Sustainable Bond Market. The listing marks an important milestone as the Bank launches its first […]
• UBA records fastest profit expansion among peers April 3, 2020
  It isn’t easy for lenders to thrive in an unfriendly regulatory and macroeconomic environment as policy makers introduce acrimonious and discordant policies that crimps earnings. These policies, combined with an unstable economy, makes it practically difficult for companies to break even, not to say, deliver the desired returns to shareholders in form of bumper dividend […]
• Stock market halts three-day loss path  April 2, 2020
  Amid the absence of major positive event or news that is capable of lifting investors confidence around the globe, the Nigeria stock market on Thursday April 2 halted a three-day downward slope. Investors leveraged the opportunity of bargain hunting existing in some value counters like Dangote Cement Plc, Flourmill Nigeria plc that recently reached record lows. […]
• Equity Market: Healthcare stocks steal the spotlight! April 2, 2020
  In the previous week, the broad performance of the equities market continued on a downward spiral, as investors fled positions in the wake of weaker oil prices and the COVID-19 pandemic. As a result, the NSE All Share Index dipped -1.5percent weekon-week (w/w), with year-todate (YTD) loss worsening to -18.6percent. Also, investors lost value worth […]
• Coronavirus alters outlook of Nigerian equity market April 2, 2020
  If the spread of Coronavirus(COVID-19) is not curtailed as soon as possible, the Nigerian equities market will continue to sink and the market will experience a further decline. As Coronavirus continues to rear its ugly head in Nigeria, the nation’s equities market is one of the worst-hit as dealers now trade remotely in an already […]
• Some likely winners amid the lockdowns April 2, 2020
  As we try to picture our lives post-coronavirus, we could decide that we will return to our old habits or alternatively, we could conclude that the world will never be the same again. In practice, the reality will fall between the two extremes. We can still identify a few very likely trends, however. The first […]
• Dangote Cement, other stocks drag NSE ASI to new low April 1, 2020
  Nigeria’s equities market continued its decline for the third consecutive day this week caused this time by sell off in Dangote Cement Plc and other large cap stocks. The Nigeria Stock Exchange (NSE) All Share Index (ASI) fell by 0.94percent at the close of remote trading session on Wednesday April 1. Dangote Cement Plc recorded […]
• SEC activates business continuity process April 1, 2020
  In compliance with the Federal Government’s directives on the cessation of movement in Lagos, Ogun and the Federal Capital Territory, the Securities and Exchange Commission (SEC) has activated its business continuity process. Consequently, staff of the Commission are working remotely while all its electronic channels remain open to provide the necessary support to capital market […]
• Market declines further as investors sell banking stocks March 31, 2020
  Nigeria banking stocks were mostly offered for sale in ongoing remote trading, causing a record 0.14percent decline in the Nigeria Stock Exchange (NSE) All-Share Index (ASI) on Tuesday, March 31.  Having declined in the first two sessions of this week, market watchers expect a mixed trading session in Wednesday, with a continued sell-off in some […]