Nigerian Market News

• Airtel, Dangote Cement, MRS top investors picks on Monday January 25, 2021
  Stocks like Airtel Nigeria, Dangote Cement, MRS, Julius Berger, and Lafarge Africa Plc were top on the list of investors’ picks on Monday, January 25, helping to push the value of listed equities higher by about N46billion. The market recovered from last week’s bearing outing as 19 counters gained against 29 losers. This helped to […]
• Naira closes week with 0.42% drop to dollar January 24, 2021
  The foreign exchange (FX) market closed the week with Nigeria’s currency dropping by 0.42 percent as the dollar was quoted at N477 on Friday compared to N475, quoted last week on the black market. Naira depreciation was as a result of strong demand for foreign exchange amid a shortage of dollars. At the Bureau De […]
• Market correction looms as stock prices rise January 22, 2021
  The cyclical nature of every stock market could only suggests that investors must not be caught napping in their wealth accretion efforts. Many listed stocks on the Nigerian Bourse are no doubt pricier today than they were a year ago, which may usher in market correction in the near-term. The second wave of COVID-19, its […]
• Equity investors lose N82bn in one week January 22, 2021
  Nigeria’s equities investors lost about N82billion in the trading week to January 22 following increased activities of profit takers on the Bourse. The market’s performance indicator decreased by 0.42 percent in one week, moderating this year’s positive return to +1.82percent. All NSE sectoral indices closed the week in red, no thanks to NSE Banking Index […]
• Equities fail to sustain gain as profit takers reappear on Custom Street January 21, 2021
  Activities of profit takers in Nigeria’s equities market caused an unexpected negative close recorded Thursday January 21 on the Bourse. Except for industrial goods (+0.27percent), all other NSE sectoral indices closed in the red zone. Despite negative close on Thursday, market watchers on Custom Street, Lagos expect Friday’s trading session to be mixed due to […]
• PFAs raise holdings in equities to N800bn and the market takes notice January 21, 2021
  Nigeria’s pension fund administrators jerked up the share of their holdings in domestic equity by almost fifty per cent as the huge shift away from treasury bills, NTBs and the equities market roared in return.. According to analysts at FBN Quest, “the share of domestic equities (of PFAs) picked up from 5.4% to 6.4% over […]
• Naira weakens at I&E window as FX turnover rises by 233.58% January 20, 2021
  Nigeria’s currency on Wednesday depreciated by 0.21 percent at the Investors and Exporters (I&E) forex window, in spite of increased dollar supply, which rose by 233.58 percent. After trading on Wednesday, the naira/dollar exchange rate closed at N394.17k as against N393.35k closed on the previous day, data from FMDQ indicated. Foreign exchange market dealers maintained […]
• These stocks rerouted NSE to the green zone January 20, 2021
  Equities market of Africa’s biggest economy on Wednesday January 20 halted its record two-day negative closes amid bargain hunting activities across sectors. Stocks like Lafarge Africa, Ardova, BOC Gas, Northern Nigeria Flour Mills and CAP witnessed increased bargains, which put their prices on a higher trajectory. Barring any negative event capable of dampening investors’ confidence, […]
• Onyema highlights NSE’s performance in 2020, provides outlook for 2021 January 19, 2021
  The Nigerian Stock Exchange (NSE) on Tuesday January 19 hosted its annual 2020 Market Recap and 2021 Outlook. This annual event is a forum for The Exchange to review its performance in the just-concluded year and expert predictions for the Nigerian capital market in 2021. It featured presentations from the Chief Executive Officer, NSE, Oscar […]
• Stock market dips slightly by 0.07% as profit taking wanes January 19, 2021
  Nigerian’s equities market decreased marginally by 0.07percent on Tuesday January 19, signally waning profit taking activities. Though investors raised bets in stocks like Flour Mills Nigeria Plc, Nigerian Breweries Plc, Northern Nigeria Flour Mills Plc, Presco and Lafarge, but profit-taking in value counters like Ardova Plc, BUA Cement Plc, UACN Plc, Access Bank Plc, and […]