Equities Market: Investors Gain N49bn In 3 Months

Despite the inflows of company’s audited results for the year ended December 31, 2018, activities on the equities market on the Nigerian Stock Exchange , in the first three months of the year closed on a downward note, resulting in N49 billion loss to the investors.

Performance across the major sectoral indices was mixed, with the Banking, Premium board, Lotus II, Industrial Goods and Alternative Securities Market indices closing in positive territory with a gain of 1.26 per cent, 1.69 per cent, 1.51 per cent, o.15 per cent and 1.69 per cent, respectively. On the other hand, Consumer Goods Index declined the most by 5.01 per cent. Oil and Gas index followed with a decline of 3.87 per cent, while NSE 30 and Insurance indices depreciated by 1.

Also, total value of transactions executed by foreign investors in February 2019 outperformed those by domestic investors by six per cent, just as transactions executed revealed that total foreign transactions increased by 48 per cent from N66.85 billion in January 2019 to N98.94 billion. According to him, for now, I think a lot of things are still not yet in place and it is affecting impressive corporate earnings of listed companies. The 2019 budget is still pending. The buildup to 2019 general elections and after has led the oppositions to context the outcome and at the same time, the foreign portfolio investors who have pulled out before are not yet convinced to come back.

Analysts at United Capital Plc noted that in the wake of the elections, total Foreign Portfolio Investments worth $3.2 trillion has been recorded via the Investors & Exporters FX window. Strangely, this inflow has only trickled down to fixed income assets, while the equities, however, have declined. The chief executive officer, NSE, Mr. Oscar Onyema early in the year said, “We expect that the stable economic activity across Emerging Markets, following a stalled rally in the US Dollar and expectations of stronger fundamentals within Africa’s frontier market securities will be favorable to the Nigerian market.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

Banking Sector Spur Stocks Market To Marginal GainThe Nigerian stocks market yesterday recorded marginal gain of 0.01 per cent to halt three successive sessions of closing negative, which was majorly impacted by gains in the Banking sector. Also, …
Herkunft: LeadershipNGA - 🏆 4. / 77 Weiterlesen »

Capital Market: MTN listing, NNPC privatisation will spur more participation of investors – Usman - Vanguard News NigeriaTHE proposed listing of MTN, privatisation of Nigeria National Petroleum Corporation, NNPC and the remaining power sector privatisation will attract more participation of investors in the capital market and thus enhance financial inclusion in the country, former Minister of National Planning , Dr Shamshudeen Usman has said
Herkunft: vanguardngrnews - 🏆 5. / 75 Weiterlesen »

Sell pressure hits stock market as investors lose N78.7bn – Daily TrustSell pressure in the banking stocks – Guaranty (-3.7%), Stanbic (-5.2%) and FBNH(-2.4%) has seen investors lost N78.7billion in value as market capitalisation fell to N11.6trillion yesterday. It also dragged the benchmark index 67 basis points (bps) lower to settle at 30,829.45 points, while the year to date (YTD) return worsened to -1.9%.ADVERTISEMENT Accordingly, activity …
Herkunft: Daily Trust - 🏆 13. / 51 Weiterlesen »

Has FUTA Eva FI tomatoes disappeared from market? – Daily TrustAbout two years ago, the Federal University of Technology, Akure, Ondo State, came up with new variant of tomatoes named Eva F1 which was introduced into Nigeria courtesy of a collaborative effort between the School of Agriculture and Agricultural Technology (SAAT) and the Teaching and Research Farm (TRF) of the school. The Eva F1 tomato, …
Herkunft: Daily Trust - 🏆 13. / 51 Weiterlesen »

NSE Market Indices Appreciate By 0.68%Weekly transactions on the Nigerian Stock Exchange (NSE) closed on Friday with the market indicators appreciating marginally by 0.68 per cent. The All-Share Index, which opened at 30,833.50 on Frid…
Herkunft: LeadershipNGA - 🏆 4. / 77 Weiterlesen »

NSE Market Indices Appreciate by 0.68% - THISDAYLIVEWeekly transactions on the Nigerian Stock Exchange (NSE) closed on Friday with the market indicators appreciating marginally by 0.68 per cent. The All-Share Index, which opened at 30,833.50 on Friday, rose by 207.92 points or 0.68 per cent to close at 31,041.42. Similarly, the market capitalisation inched by N79 billion or 0.68 per cent to …
Herkunft: THISDAY LIVE - 🏆 14. / 51 Weiterlesen »

TECNO Spark 3 hits Nigerian market soon - see what to expect - Daily Post NigeriaIn 2017, leading Mobile phones manufacturer, TECNO released the first of the Spark series into the Nigerian market. The device recorded massive success due
Herkunft: DailyPostNGR - 🏆 11. / 59 Weiterlesen »

Experts Mull Survival Strategies For Capital MarketFinancial experts at the weekend in Lagos diagnosed the challenges militating against the growth and development of Nigeria’s capital market and proffered workable solutions to re-position the mark…
Herkunft: LeadershipNGA - 🏆 4. / 77 Weiterlesen »

As Masari Relocates Yar’Kutungu MarketAs Yar’Kutungu Market bowed to the Katsina State Government’s Executive Order, ANDY ASEMOTA examines the factors that led to the relocation of the popular market after futile attempts by previous …
Herkunft: LeadershipNGA - 🏆 4. / 77 Weiterlesen »

Naira up at N359/$ in parallel market - Vanguard News NigeriaThe naira yesterday appreciated to N359.5 per dollar in the parallel market.
Herkunft: vanguardngrnews - 🏆 5. / 75 Weiterlesen »