Moody’s: Nigeria’s credit challenges remainGoddy Egene, James Emejo and Nume Ekeghe
However, the negative trend continued Wednesday as the NSE ASI declined further with 30 stocks depreciating, compared with only 10 stocks that appreciated. Speaking with THISDAY Wednesday, a professor of finance and capital market at the Nasarawa State University, Prof. Uche Uwaleke, said the president’s agenda should revolve around the three pillars on which his administration’s transformation agenda was anchored.
“The president should look beyond his party in assembling a strong cabinet and economic team to drive the next level agenda with a focus on job creation.” “Hence, we do not anticipate a significant growth in job opportunities. In addition, we expect the government to continue borrowing aggressively to finance its infrastructure development plans in the wake of constrained revenues,” the firm stated.
The Group Managing Director, VFD Group Plc, Mr. Nonso Okpala, said most players in the business community would want to see good governance, conducive business environment, increased security and the rule of law.
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Multichoice’s Market Capitalisation Tops $3bn On JSE DebutAfrica’s biggest pay-TV group, MultiChoice, debuted on the Johannesburg Stock Exchange on Wednesday with shares opening at 95.50 rand, giving the company a market capitalisation of 42 billion rand (3.03 billion dollars). South African e-commerce giant, Naspers, decided to spin off MultiChoice after coming under pressure in recent years to find ways to narrow a […]
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Stock market extends gains to second consecutive session by N77bn – Daily TrustTrading at the domestic market of the Nigeria Stock Exchange extended its positive performance into the second day as market capitalisation yesterday increased by N77.5bn to settle at N12.2tn. The All Share Index went up 0.6% to 32,614.06 points due to gains in bellwether stocks – NIGERIAN BREWERIES (+10.0%),ZENITH (+1.8%) and GUARANTY (+0.8%), while Year …
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Post election: Stock market sheds N84bn as cautious trading persist - Vanguard News NigeriaInvestors yesterday maintained their cautious approach to trading on the Nigeria Stock Exchange (NSE), as the nation continues to wait for the final result of the presidential election, resulting to N84.4 billion loss in the market capitalisation. vanguardngr Let dem do sumthng nw, 😂
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Stock Market Loses N85bn In 6 HoursThe market capitalisation of listed equities yesterday shed N85billion in six hours of trading to what traders attributed to profit taking as a result of the presidential poll. Specifically, the market capitalisation, which opened at N12.194 trillion, shed N85 billion or 0.69 per cent to close at N12.109 trillion. The All Share Index (ASI) shed […]
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Presidential Election Result: Nigeria stock market loses N85bn in six hoursThe market capitalisation of listed equities on Tuesday shed N85 billion in six hours of trading to what traders attributed to profit taking as a result of the presidential poll. We said and the results are not finally out and the repercussions are already with us. We all shall bear the pain. Propaganda warfare Looters are shaking!!
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Profit Taking Drags Stocks Market Down By 0.14%The Nigerian stocks market at yesterday trading session, reversed its positive performance with a decline of 0.14 per cent, following profit taking by investors. The All Share Index (ASI) shed 45.40 absolute points, representing a dip of 0.14 per cent to close at 32,568.65 points. Similarly, the market capitalisation shed N17 billion at N12.145 trillion. […]
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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 […]
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Polls: NSE Market Indices Drop Further by 0.16% - THISDAYLIVEAhead of Saturday’s elections, the market indices of the Nigerian Stock Exchange (NSE) on Friday dropped by 0.16 per cent following profit taking. Specifically, the All-Share Index lost 53.13 points or 0.16 per cent to close at 32,515.52, compared with 32,568.65 achieved on Thursday. Also, the market capitalisation which opened at N12.145 trillion shed N20 …
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