The Nigerian Stock Exchange market indicators on Tuesday recorded further depreciation, dropping by 0.14 per cent.
Browsing: Ambrose Omordion
Trading on the Nigerian Stock Exchange on Friday ended on panic mood as the country recorded the first Coronavirus case after Egypt and Algeria.
The market capitalisation of the Nigerian Stock Exchange rose N2.22 trillion or 17.10 per cent in seven trading sessions with the market maintaining upward trend since beginning of 2020.
The bears maintained dominance on the Nigerian Stock Exchange for the fifth consecutive day with the market indicators dropping by 0.19 per cent.
Data obtained by the News Agency of Nigeria from the exchange showed that the shares of Rak Unity declined by 25 per cent, while Continental Reinsurance dropped by 24.08 per cent.
Some capital market operators on Tuesday called on President Muhammadu Buhari to urgently constitute his cabinet to ascertain economic direction of the country.
Trading activities on the Nigerian Stock Exchange closed northward on Friday, amid quarter end window dressing and low price attraction.
Some capital market operators on Tuesday commended the newly inaugurated board of the Securities and Exchange Commission but charged them on the appointment of a substantive director-general for the commission.
Some capital market operators have expressed dissatisfaction with Oando Plc minority stakeholders’ comparison of the company’s audit by Securities and Exchange Commission with that of the Ecobank Transnational Incorporated Plc.
Stock market operators on Monday expressed mixed reactions to plans by the Securities and Exchange Commission to regulate the conduct of Annual General Meetings and pre-AGMs.
Investors on the Nigerian Stock Exchange on Friday reacted negatively to the reappointment of Godwin Emefiele for second term as the Central Bank of Nigeria Governor by President Muhammadu Buhari.
For the Nigerian Stock Exchange, the stars of the first quarter of 2019 are ABC Transport, Mcnichols and Dangote Flour, which outperformed other listed stocks as at March 31.
Sell pressure persisted on the Nigerian Stock Exchange on Wednesday with the crucial market indicators depleted further by 0.13 per cent.
A capital market expert, Ambrose Omordion, on Thursday said that reconstituting the board of Securities and Exchange Commission should be a priority of President Muhammadu Buhari in his second tenure.
Dangote Flour led other equities in February on the Nigerian Stock Exchange to emerge as the best performing stock, in percentage terms, with 81.66 per cent growth.
Trading on the Nigerian Stock Exchange on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark in February.
Capital market operators on Monday predicted that the Nigeria equity market would experience mixed performance as investors await the result of the presidential election.
The Nigerian Stock Exchange on Monday reacted negatively to sudden election postponement, dropping by N196 billion as predicted by financial experts.
The experts disclosed this in separate interviews with the News Agency of Nigeria in Lagos, while reacting to the N8.83 trillion budget for 2019 presented by President Muhammadu Buhari to the joint National Assembly on Wednesday.
The News Agency of Nigeria reports that the bank exchanged 70.98 million shares worth N72.64 million in 129 deals.