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That almost 30 years of banking experience, which started in one of the now defunct Merchant banks, has culminated in his becoming Managing Director and CEO
Goddy Egene The Nigerian equities market attracted investment inflow of N15.918 billion last week staked on 1.419 billion shares in 18,459 deals. This indicated an increase by 46.3 per cent from the N10.883 billion invested in 1.441 billion shares in 19,614 deals the previous week. However, the Nigerian Stock Exchange Limited (NGX) All-Share Index (ASI) depreciated by 1.6 per cent to close at 39,198.75, while market capitalisation declined to N20.431 trillion. Market analysts attributed the depreciation to profit taking in bellwether stocks following some gains recorded in the month April. So...
Punch Newspapers Sections ’Femi Asu The Nigerian stock market, which began the month on a positive note, resumed its decline on Tuesday as 26 firms recorded price losses at the end of trading. The Nigerian Stock Exchange All-Share Index had risen by 0.33 per cent after investors on Monday, the first trading day of the month, after February saw investors record a total loss of N1.37tn. But the benchmark index, ASI, fell by 0.59 per cent on Tuesday to 39,697.62 basis points from 39,931.63bps on Monday. The market capitalisation of equities dropped by N120bn to close at N20.77tn on Tuesday fro...
By Goddy Egene The stock market surged further yesterday with the Nigerian Stock Exchange (NSE) rising 1.21 per cent to close at 41,584.94 as companies begin to release their unaudited financial results for the year ended December 2020. Apart from the benchmark index that appreciated, market capitalisation added N259.4 billion to close at N21.8 trillion. Similarly, activity level advanced as volume and value traded rose 40.5 per cent and 110.8 per cent to 467.9 million shares and N5.6 billion respectively. The bulls were in total control of the session yesterday as 32 stocks appreciated, whil...
Goddy Egene The stock market rebounded last week recording a gain of N552 billion after declining in the first week of the year. After posting a record growth in 2020, profit-taking by investors made the market close with a decline of 0.37 per cent in the Nigerian Stock Exchange (NSE) All-Share Index (ASI) and N78.7 billion in market capitalisation in the first week. However, the market recovered in the second week with the market capitalisation adding N552 billion to close at N21.530 trillion while the NSE ASI rose by 2.63 per cent to be at 41,176.14. The growth followed renewed demand by in...