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Index depreciate by 0.42%, as analysts urge caution As investors await the outcome of the next Monetary Policy Committee (MPC) meeting, amid fear of possible adjustment in rate, sentiments turned bearish as profit-taking dominated market performance at the equity sector of the Nigerian Stock Exchange (NSE) last week. The development caused the NSE All-share index and market capitalisation to depreciate by 0.42 per cent and 0.38 per cent to close the week at 41,001.99 and N21.449 trillion, respectively. Similarly, all other indices finished lower with the exception of NSE MERI Growth, which appreciated by 0.12 per cent while the NSE ASeM and NSE Growth Indices closed flat. ....
Nigerian Stock Exchange (NSE) reversed two days losses to close upbeat, yesterday, as investors renewed interest in insurance stocks. At the close of trading, market capitalisation appreciated by N50 billion to close at N21.525 trillion. The All-Share Index (ASI) also grew by 96.09 absolute points, representing an increase of 0.23 per cent to close at 41,147.72 points. x
The market gain was driven by price appreciation in large and medium capitalised stocks such as Lafarge Africa, Ardova Plc, BOC Gases, Northern Nigeria Flour Mills (NNFM), and Flour Mills of Nigeria.
Analysts at Afrinvest Limited said: “We expect the equities market to sustain this bullish performance given the positive investor sentiment.” ....
Transactions on the Nigerian Stock Exchange (NSE) rebounded on Wednesday by N50 billion, halting two consecutive days bearish trend due to sustained bargain-hunting in insurance stocks. ....
Transactions on the Nigerian Stock Exchange (NSE) rebounded on Wednesday by N50 billion, halting two consecutive days bearish trend due to sustained bargain-hunting in insurance stocks. ....
Goddy Egene The stock market rebounded last week recording a gain of N552 billion after declining in the first week of the year. After posting a record growth in 2020, profit-taking by investors made the market close with a decline of 0.37 per cent in the Nigerian Stock Exchange (NSE) All-Share Index (ASI) and N78.7 billion in market capitalisation in the first week. However, the market recovered in the second week with the market capitalisation adding N552 billion to close at N21.530 trillion while the NSE ASI rose by 2.63 per cent to be at 41,176.14. The growth followed renewed demand by investors who are cherry-picking stocks with attractive dividend yields ahead of full year 2020 dividend declarations. ....