Category: Capital Market

Stocks Extend Advance On Oil, Yellen; Brexit Concerns Limit FTSE’s Gains

Sentiment in the stock markets continue to improve. One of the biggest sources of support has been the sharp recovery in oil prices which have helped to underpin commodity stocks. Today,Brent oil has reached a new 2016 high of $51, while WTI has climbed above $50 a barrel again. As well as the on-going unscheduled…

Cadbury Nigeria Plc Leads Market gainers chart with 21.66 percent to close at N20.50

At the closing of trading on the floor of the Nigerian Stock Exchange on Friday, June 3, 2016, Cadbury Nigeria plc led others on the market gainers chart basis on weekly transactions. From the traded data sent by the management of The Nigerian Stock Exchange (NSE) disclosed that Cadbury Nigeria plc share price appreciated to…

Senate planning Nigeria Capital Market legislation

The Senate and the House of Representatives Committees on Capital Markets and Institutions, on Wednesday initiated steps towards legislations that would boost Nigeria Capital Market. They said the capital market master plan (2015-2025) recommendations would create an enabling legal environment for the achievement of the economy, adding that the joint committees would also focus their…

NSE market indices drop further by 2.72%, amid pressure on investors

The Nigerian equity market All-Share Index (ASI) lost 752.93 points, or 2.72 per cent, to close at 26,910.23 on Wednesday, against 27,663.16 achieved the previous day, as pressure mounts on some investors to sell their shares. Also, the market capitalisation shed N258 billion, or 2.72 per cent, to close at N9.242 trillion compared with N9.5…

Nigerian Bank Stocks Tumble as Investors Await Clarity on Naira

Nigerian banking stocks headed for the biggest drop in 3 1/2 years as investors showed their displeasure at the lack of clarity from policymakers since they flagged a change in foreign-exchange policy more than a week ago. The Nigerian Stock Exchange Banking 10 Index fell 7.6 percent as of 1:31 p.m. in Lagos, the biggest…