By Goddy Egene
The bears returned to the local bourse yesterday pulling, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) down by 0.19 per cent to close at 40,494.35. The market had opened for the week on positive note after two weeks of decline, raising hopes that the bargain hunting could be sustained.
However, sell-offs in Stanbic IBTC Holdings Plc, Nigerian Breweries Plc and Zenith Bank Plc, FBN Holdings Plc, Access Bank Plc, among others led to a negative close. A total of 20 stocks depreciated as against 22 stocks that appreciated.
The top of the gainers’ table was dominated by insurance stocks led by Cornerstone Insurance Plc shed 10 per cent. Consolidated Hallmark Insurance Plc trailed with 9.5 per cent, just as Prestige Assurance Plc and Coronation Insurance Plc went down by 8.5 per cent and 8.3 per cent respectively.
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’Femi Asu
Investors lost N20bn on Wednesday as the nation’s stock market extended its decline to the third consecutive trading session amid profit-taking.
Five insurance stocks were among the top six losers at the end of trading on Wednesday.
The market had on Monday started the month on a negative note, ending a five-day gaining streak.
The market capitalisation of equities listed on the Nigerian Stock Exchange had risen by 3.44 per cent last week as the market continued its upward trend for five consecutive trading sessions.
Investors gained over N1tn in January as the market capitalisation rose to N22.19tn on Friday from N21.06tn at the start of the month.
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By Goddy Egene
The stock market surged further yesterday with the Nigerian Stock Exchange (NSE) rising 1.21 per cent to close at 41,584.94 as companies begin to release their unaudited financial results for the year ended December 2020.
Apart from the benchmark index that appreciated, market capitalisation added N259.4 billion to close at N21.8 trillion. Similarly, activity level advanced as volume and value traded rose 40.5 per cent and 110.8 per cent to 467.9 million shares and N5.6 billion respectively.
The bulls were in total control of the session yesterday as 32 stocks appreciated, while 19 depreciated. Although gains by Airtel Africa Plc, MTN Nigeria Plc and Lafarge Africa Plc influenced the rise in the NSE ASI, RT Briscoe Nigeria Plc led the price gainers’ table with 10 per cent.
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By Goddy Egene
The stock market recorded further growth yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.8 per cent to close at 39,110.17, while the market capitalisation added N167.6 billion to close at N20.4 trillion.
Although nine stocks appreciated compared with 20 stocks that depreciated, the performance was buoyed by strong demand for the shares BUA Cement Plc( 6.7 per cent), Zenith Bank Plc (2.0 per cent) and Access Bank Plc.
However, Jaiz Bank Plc led the price gainers’ chart with 10 per cent trailed by NEM Insurance Plc with 9.5 per cent. LASACO Assurance Plc chalked up 8.8 per cent, just as NPF Microfinance Bank Plc and Japaul Gold and Ventures Plc gained 8.3 per cent apiece.
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