The local bourse began trading for the week on a negative note, following profit taking activities in NESTLE and ETI and losses in NIGERIAN BREWERIES which saw market capitalization decline by N149.7bn to N11.5tn.
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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 …
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FREE FLOAT OF SHARES: 18 companies flaw Stock Exchange post listing requirements - Vanguard News NigeriaFRESH facts have emerged that seven companies may face the hammer of the Nigerian Stock Exchange, NSE, before the end of the year. Eighteen companies already have flawed the Exchange’s posting listing requirement with regards to free float of shares to the investing public.
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Banking stocks undermine NSE performance - Vanguard News NigeriaHEAVY losses in the banking stocks undermined the performance of the stock market, leading to loss of 0.31 percent in the All Share Index, ASI, last week.
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