Markets

International Breweries (IB), Linkage Assurance and Forte Oil emerged worst performing stocks in percentage terms on the Nigerian Stock Exchange (NSE) in July.

The Nigerian stock market took another round of pummelling following the weak state of the economy and as a result of the N157 billion shaved off from the market capitalisation of the Nigerian Stock Exchange (NSE) Week-on-Week (W-o-W).

Intelia, a data-first software company, has announced a new partnership with Nasdaq Governance Solutions, a business of Nasdaq, Inc., to provide its clients with access to Nasdaq Boardvantage®, an award-winning board portal and collaboration software solution.

Ahead of Sallah celebration, crucial market indicators of the Nigerian Stock Exchange (NSE) on Friday declined further by 0.43 per cent due to profit taking.

Activities on the Nigerian Stock Exchange (NSE) returned to bearish mood on Tuesday following sell pressure in blue chips, forcing the market capitalisation to drop by N69 billion.

The Nigerian Stock Exchange (NSE) crucial market indices resumed trading for the week on Monday with a growth of 0.14 per cent.

Tokyo stocks closed sharply lower on Monday, weighed down by a strong yen and tracking losses on Wall Street amid US-China trade woes.

Asian stocks fell sharply Friday morning following U.S. President Donald Trump’s announcement that he will hike tariffs on some 300 billion dollars’ worth of Chinese goods to 10 per cent starting on September 1.

The Nigerian Stock Exchange (NSE) has announced the delisting of the entire issued share capital of First Aluminium Nigeria Plc.

As the corporate earnings continue to hold sway in the Nigerian market, Airtel Africa has announced that its revenue increased to $795.9 million from $744.5 million recorded in the corresponding period of 2018.

MTN Nigeria made a total of N469.4bn revenue from sales of airtime, data and Short Messaging Service in the first six months of the year, the 2019 half-year unaudited financial report of the company stated.

Nigeria’s equity market stretched its bearish run as the benchmark index closed lower by 1.8 per cent Week-on-Week (W-o-W) at 29,918.59 points, hitting over two-year lows as corporate earnings season opened.

Activities on the nation’s bourse opened for the week on Monday on downward posture, with crucial market indices shedding 0.40 per cent.

Asian markets were in retreat Monday on dimming hopes for a deep interest rate cut by the US Federal Reserve, but all the firms on a new tech-focused board in China rallied on its opening day.

The All-Share Index of the Nigerian Stock Exchange (NSE) on Thursday reached all time low of 27,864.49 due to sell pressure in Seplat and 18 other equities.

The Securities and Exchange Commission (SEC) has started verifying claims of 4,160 unpaid investors of the illegal investment scheme organised by Dantata Success and Profitable Company.

The Securities and Exchange Commission, SEC, said that it will continue to collaborate with relevant stakeholders to sensitise investors on the need to regularise their multiple accounts as well as claim their dividends.

Investors in the equities market of the Nigerian Stock Exchange saw the value of their investments decline by N265bn on Thursday.