Page 11 - Eterna Plc News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Goddy Egene The stock market closed last week on negative note as the positive sentiments of the previous week could not be sustained. The pullback followed profit-taking in blue-chip stocks, especially in banking and consumer goods sectors by some investors. As a result, the Nigerian Exchange(NGX) Limited All-Share Index (ASI), which appreciated by 1.47 per cent two weeks ago, fell 0.57 per cent to close at 37,994.19, while market capitalisation shed N123.7 billion to be at N19.796 trillion last week. However, the slowdown in momentum or correction, according to the analysts at InvestData Co...

The stock market extended its positive performance yesterday as gains in bellwether counters pushed the Nigerian Exchange (NGX) Limited All-Share Index (ASI) by 0.5 per cent to close at 38,418,04. Similarly, market capitalisation added N103.2 billion to close at N20.026 trillion. The market, which rebounded last week had opened the week with a marginal gain of 0.02 per cent on Monday. However, the positive trend was sustained yesterday as investors swooped on interim dividends paying firms such as Seplat Energy Plc, Zenith Bank Plc and Access Bank Plc. In all, 28 equities appreciated compared...

Goddy Egene Equities investors have an opportunity to enter the market at good valuation as bears depressed prices further last week. The market, which had gained N148 billion the previous week, shed N603 billion last week following sell pressure that dominated all trading sessions. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) fell 2.93 per cent to close at 38,324.07, while market closed lower at N19.975 trillion. Year-to-date the market has declined by 4.8 per cent. Following the growth recorded two weeks ago, analysts at Cordros Securities had envisaged profit-taking last week....

Investors in the stock market lost N604 billion in one week as sell pressure dominated the market on all trading days.

Goddy Egene The Nigerian stock market shed N368 billion last week following profit-taking activities by some investors after the massive gains in January. The market had appreciated by N1.1 trillion in January due to sustained high demand for stocks. However, the bears set in the first week of February as some investors moved in to lock in part of the gains. Bearish sentiments dominated the local bourse in all the five trading sessions. Consequently, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) fell by 1.66 per cent to close lower at 41.709.09, while market capitalisation shed N368...