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Index depreciate by 0.42%, as analysts urge caution As investors await the outcome of the next Monetary Policy Committee (MPC) meeting, amid fear of possible adjustment in rate, sentiments turned bearish as profit-taking dominated market performance at the equity sector of the Nigerian Stock Exchange (NSE) last week. The development caused the NSE All-share index and market capitalisation to depreciate by 0.42 per cent and 0.38 per cent to close the week at 41,001.99 and N21.449 trillion, respectively. Similarly, all other indices finished lower with the exception of NSE MERI Growth, which ap...

Goddy Egene writes that given the gains being recorded in the equities market, discerning investors could invest in stocks to hedge against the rising inflation rate the hit 15.8 per cent in December 2020 Last week the National Bureau Statistics (NBS) released the consumer price index report, which showed that the headline inflation rose to 15.8 per cent in December 2020. The inflation rate, which was an increase from the 14.9 per cent recorded in November, 2020, was said to be the highest level of headline inflation since December 2017, and the largest increase (98bps) since January 2012. Th...

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...

Goddy Egene Investors staked N7.51 billion on 2.13 billion shares in 4,558 deals yesterday at the stock market as the bulls continued to dominate trading. The value of trading soared by 755 per cent compared to 249.545 million shares exchanged for N2.184 billion in 6,090 deals the previous day. Champion Breweries Plc was the most traded stock by volume and value at 1.91 billion shares and N4.95 billion respectively. The sustained bullish trend lifted the Nigerian Stock Exchange (NSE) All-Share Index (ASI) by 0.31 per cent to close at 40,490.85, while market capitalisation added N65.7 billion ...

The sustained bullish trend that has characterized the Nigerian Stock market since the beginning of the year continued as the All-Share Index (ASI) rose by 0.31 per cent to close on Thursday at 40,490.85, while market capitalisation added N65.7 billion to close at N21.2 trillion. At the stock market, investors staked N7.51 billion on 2.13 billion shares in 4,558 deals as the bulls continued to dominate trading. The value of trading soared by 755 per cent compared to 249.545 million shares exchanged for N2.184 billion in 6,090 deals on Wednesday with Champion Breweries Plc the most traded stoc...