After Record Loss, Nigeria’s Equities Market Rebounds - THISDAYLIVE

Investors in the Nigerian equities market witnessed the largest single daily loss since the beginning of 2019 after Nigeria’s presidential election with All Share Index dipping by 1.63per cent on the last trading in the election month. However, the trend may be short-lived as the market recorded a gain on Friday, the first day of trading in March, reports Bamidele Famoofo

The NSE-All Share Index , which tracks performance of stocks listed on the platform of the Nigerian Stock Exchange as a result of sell-offs by investors declined from 32,700.12 points to 31,721.76 points on the last trading day in the month of February. As a result of the performance in the last four days in February, Month-to-date returns moderated to 3.80 percent while Year-to-date stood at 0.92 percent, according to Cordros Capital.

“As the market continues to digest election results, we guide investors to trade cautiously in the short term. However, stable macroeconomic fundamentals and compelling valuations remain supportive of recovery in the mid-to-long term”, Cordros Capital said. As earlier reported by THISDAY, the market had recorded a decline in January as general elections jitters kept most investors away from the market. However, investors increased their patronage in February as they anticipated the release of corporate results for the year ended December 2018. Also, some investors felt the political uncertainties were reducing. Hence, the market appreciated in the month of February.

A review of the performance of the equities market a week penultimate the elections showed that the NSE All-Share Index and market capitalisation depreciated by 0.61 percent to close the week at 32,515.52 and N12.126 trillion respectively.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Nigerian Equities Market Rebounds after Presidential Election - THISDAYLIVEGoddy Egene with agency reports Nigeria’s stocks and bonds rose yesterday as investors increased demand for securities following the conclusion of the presidential election, THISDAY has learnt. Investigation revealed that the Nigerian stock market, which depreciated 0.61 per cent last week, opened this week with a gain of 0.57 per cent yesterday. Specifically, the Nigerian …
Herkunft: THISDAY LIVE - 🏆 14. / 51 Weiterlesen »

Equities Market Records Losses W-o-W, As ASI Down 0.61%The Nigerian equities market closed with a loss of 0.61 per cent last week following three trading sessions of profit taking. At the start of the week, investors reacted negatively to the postponed presidential election before recalculating the political risk and subsequently re-positioning in bellwethers on Tuesday. Stock market analysts anticipated the market to maintain […]
Herkunft: LeadershipNGA - 🏆 4. / 77 Weiterlesen »

Equities market to jerk up post-polls - Vanguard News NigeriaAfter taking a hit from the postponement of the presidential and parliamentary election last week, investment analysts have said that the equities market will reverse the losses post-election.
Herkunft: vanguardngrnews - 🏆 5. / 75 Weiterlesen »

Inclusive government will expedite a rebound in capital market – Economist - Vanguard News NigeriaAn Economist, Mr Boniface Okesie, has said that inaugurating an inclusive government will expedite a rebound of the capital market. vanguardngr we are waiting!!!
Herkunft: vanguardngrnews - 🏆 5. / 75 Weiterlesen »

Presidential poll: Operators foresee mixed performance in equity market – Daily TrustCapital market operators on Monday predicted that the Nigerian equity market will experience mixed performance as investors await the result of the presidential election. Some of them told the News Agency of Nigeria (NAN) in Lagos that the market would also witness mixed performance during the week following investors “wait-and-see attitude” pending when INEC would … ShehuSani Wallahi mun yan kaduna central zaben Nan da akayi anyone magudi aciki kuma muna da tabbacin zaka dauka mataki akan election rigging da yan jam iyar APC sukayi na barka lafiya
Herkunft: Daily Trust - 🏆 13. / 51 Weiterlesen »