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Published 25 May 2021
The Nigerian stock market extended its decline on Monday as 17 companies saw their share prices decline at the end of trading.
Investors in the market lost N600bn last week as the market capitalisation of equities fell below the N20tn mark.
The Nigerian Exchange Limited All-Share Index and market capitalisation declined by 2.93 per cent to close on Friday at 38,324.07 basis points and N19.98tn respectively.
The ASI fell further by 0.10 per cent on Monday to 38,287.58 basis points while the market capitalisation dropped to N19.96tn.
A total of N141.15 million shares valued at N1.09bn were traded by investors in 3,566 deals on Monday.
Goddy Egene writes that as inflation rate remains above 18 per cent, the stock market still provides investors opportunity to earn positive returns on their investments
When investors stake their funds, their expectation is to reap positive returns on investments. That means a return that is above inflation rate. And considering the fact that inflation rate stood at 18.12 per cent as at the end of April 2021, investors must invest in securities that would produce a return of above 18.12 per cent.
Although it is difficult to come across investment that can give yields above inflation rate, the equities market offers investors opportunity to enjoy positive returns. However, for investors to earn such positive returns in the equities market, they must seek the advice of professionals. This is so because just as the market is capable of fetching positive returns, investors could also lose their investments if not well guided by professionals.
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Published 29 April 2021
Investors in the Nigerian stock market lost N274bn on Wednesday as 23 firms saw their share prices drop at the end of trading.
The Nigerian Stock Exchange All-Share Index fell by 1.33 per cent to 38,781.48 basis points from 39,305.48bps.
The market capitalisation of equities declined to N20.30tn on Wednesday from N20.58tn on Tuesday.
A total of 259.51 million shares valued at N1.91bn were traded by investors in 3,547 deals at the end of trading on the floor of Nigerian Exchange Limited.
FTN Cocoa a Plc led the losers as its share price dropped by 10 per cent to close at N0.36.
The Lagos State Government has moved against briefcase real estate agents/property developers and artisans saying it will not allow them to take over the real estate sector to the detriment of professionals in the state.
This is as the state government has urged Lagosians to support its efforts to eliminate fraudulent practices in the Real Estate Industry by patronising registered Real Estate Practitioners/Property Developers.
The Special Adviser to the Lagos State Governor on Housing, Mrs Toke Benson-Awoyinka made this known on Friday, March 26, 2020, while reviewing Real Estate practice in the state during an online interview session with Thinkmint Nigeria – a marketing and communications company.