NSE halts 5-day losing streak, gains N24bn

Activities at the Nigerian Stock Exchange (NSE) closed positive yesterday, reversing five days negative sentiment following gains recorded mainly by blue chip stocks. The key market performance measures, the NSE All Share Index and market capitalisation, rose by 0.17 per cent to close the trading session positive as market sentiments returned to gaining streaks following investors’ sustained optimism on undervalued stocks. Consequently, the All-Share Index gained 34.4 basis points or 0.17 per cent to close at 27,568.91 as against 27,523.08 recorded the previous day while the market capitalisation of equities…

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NSE halts 8-day decline, gains N27bn

Activities at the Nigerian Stock Exchange (NSE) closed positive yesterday, reversing eight-day negative sentiments following gains recorded from blue chip stocks. The key market performance measures, the NSE All Share Index, rose by 0.16 per cent to close the trading session positive as market sentiments returned to gaining streaks following investors’ optimism on undervalued stocks. Consequently, the All-Share Index gained 46.65 basis points or 0.16 per cent to close at 28,140.41 as against 28,093.76 recorded the previous day while market capitalisation of equities appreciated by N27 billion to close at…

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U.S. stocks extend gains to record high

U.S. stocks rose for a fourth day, hitting records as China’s plans for tariff cuts on American imports and a spate of positive earnings reports overshadowed lingering concern about the economic hit from the coronavirus. The S&P 500 was up more than 3.5 per cent for the week and the Dow Jones Industrial Average reclaimed an all-time high. The dollar strengthened and stocks gained in Europe and Asia after China said it will lower levies on $75 billion of U.S. goods next week, adding a tailwind to growth. While some…

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NSE extends decline by N41bn

Trading activities on the floor of the Nigerian Stock Exchange yesterday witnessed another drop in share prices as bears sustained their grip for the fourth trading session following profit taking by investors. The local bourse recorded 10 gainers against 21 losers to sustain downward trend. Consequently, the All-Share Index dipped 79.97 basis points or 0.27 per cent to close at 29,030.93 index points as against 29.110.90 recorded the previous trading session while market capitalisation of equities depreciated by N41 billion from N14.994 trillion the previous day to N14.953 trillion as…

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NSE extends decline by N90bn

Trading activities on the floor of the Nigerian Stock Exchange yesterday witnessed another drop in share prices as bears sustained their grip on the local bourse following profit taking by investors. The local bourse recorded nine gainers against 23 losers to sustain downward trend. Consequently, the All-Share Index dipped 174.36 basis points or 0.59 per cent to close at 29,378.63 index points as against 29.552.99 recorded the previous trading session while market capitalisation of equities depreciated by N90 billion from N15.222 trillion the previous day to N15.132 trillion as market…

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NSE records N70bn gain

Activities on the Nigerian Stock Exchange (NSE) closed positive yesterday, reversing prior two days negative sentiment following gains recorded majorly by blue chip stocks. The key market performance measures, the NSE All Share Index and market capitalisation, rose by 0.46 per cent to close the trading session positive as market sentiments returned to gaining streaks following investors’ sustained optimism on undervalued stocks. Consequently, the All-Share Index gained 289.63 basis points or 0.46 per cent to close at 29,591.29 as against 29,458.21 recorded the previous day while the market capitalisation of…

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NSE rebounds, records N24bn gain

Activities on the Nigerian Stock Exchange (NSE) closed positive yesterday, reversing seven-day negative sentiment following gains recorded by blue chip stocks. The key market performance measures, the NSE All Share Index and market capitalisation, rose by 0.19 per cent to close the trading session positive as market sentiments returned to gaining streaks following investors’ optimism on undervalued stocks. Consequently, the All-Share Index gained 49.79 basis points or 0.19 per cent to close at 26,434.00 as against 26,384.21 recorded the previous day while the market capitalisation of equities appreciated by N24…

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Osun to improve IGR, infrastructure

The Osun State Government has said that it will continue to improve on revaitalising moribund projects across the state so as to attract local and international investors. This is even as the state government revealed that with its recent partnership with the Federal Government, its mineral resources, especially gold mining, would improve internally generated revenues (IGR) and ramp up job creation opportunities for the benefit of the people of the state. Speaking during a courtesy visit to the Nigerian Stock Exchange (NSE) yesterday, the Executive Governor, Osun State, Adegboyega Oyetola,…

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NSE halts losing streak, gains N17bn

A ctivities on the Nigerian Stock Exchange (NSE) closed positive yesterday, reversing two-day negative sentiment following gains recorded by blue chip stocks. The key market performance measures, the NSE All Share Index and market capitalisation, rose by 0.14 per cent to open week positive as market sentiments returned to gaining streaks following investors’ sustained optimism on undervalued stocks. Consequently, the All-Share Index gained 35.72 basis points or 0.14 per cent to close at 26,384.45 as against 26,348.75 recorded the previous day while the market capitalisation of equities appreciated by N17 billion…

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NSE reverses gain, shaves off 0.15%

Trading activities on the floor of the Nigerian Stock Exchange yesterday closed negative to upturn previous day’s gain as bears regained its grip on the bourse following. The local bourse recorded five gainers against 20 losers to begin trading on negative route. Consequently, the All-Share Index dipped 40.7 basis points or 0.15 per cent to close at 26,357.24 index points as against 26.397.94 recorded the previous trading session while market capitalisation of equities depreciated by N20 billion from N12.850 trillion the previous day to N12.830 trillion as market sentiment remained…

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