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Nigerian Equities Market
Investors appeared to be making strategic shift to dividend-hunting among low-priced stocks as the bearishness at the Nigerian equities market continued to mitigate share prices of most large and mid-cap stocks.
The momentum of activities at the Nigerian equities market has increased as investors opened up more orders in early positioning for the often-expected Santa Claus rally. Investors staked N15.5 billion on 1.38 billion ordinary shares in 14,528 deals last week, 32.3 per cent increase on total turnover volume of 1.04 billion ordinary shares valued at N14.63 billion in 14,974 deals traded in the previous week.
Activities on the Nigerian equities Market opened for the month of July on a negative note with the crucial market indices dropping by 1.18 per cent.
Airtel Africa Plc is set to become the third most capitalized quoted company on the Nigerian stock market as the telecommunications company concludes arrangements to list its shares on the Nigerian Stock Exchange (NSE). Nigeria alone accounts for 36% of its total revenue.
The Nigerian equities market yesterday shed 1.22 per cent, causing market capitalisation to dip below the N11 trillion mark on sustained profit taking.
The Nigerian equities market commenced trading for the week on Monday still on a bearish trend with the market indicators dropping by 0.74 per cent.
The Nigerian equities market closed lower on Thursday with further decline of 1.33 per cent to extend losing streak to five consecutive transactions days.
Despite the release of corporate earnings by many companies, the Nigerian equities market closed last week downtick following profit taking in bellwether stocks.
The Nigerian equities market opened the week on a bullish note as investors continued to react positively to nine month corporate earnings being released by companies.
The Nigerian Stock Exchange (NSE) has admitted about N1.7 billion worth of Federal Government Saving Bonds new issuances in its daily official list in the first seven month of 2018.
The Nigerian equities market yesterday maintained negative sentiment as the Nigerian Stock Exchange (NSE) All – Share – Index (ASI) further lost 0.30 per cent. NSE-ASI shed 108.44 absolute points, representing a decline of 0.30 per cent to close at 36,346.80 points.
The Nigerian equities market opened the week on a positive note as the Nigerian Stock Exchange (NSE) All Share Index rose by 0.30 per cent to 36,711.96. This was just as bargain hunting entered its second day.
With two weeks into the second half (H2) of the year, the Nigerian equities market has lost a total of N320 billion following weak demand by investors who are adopting cautious trading.
For those who want to make a difference, the first step out of the gate, is to know where you want to end up. Knowing the destination and height you want to take your organization to, for Tokunbo Abiru, the Group Managing Director/Chief Executive Officer of Skye Bank Nigeria, service, passion, perseverance and equanimity best describe him.
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