Weekly trading on the Nigerian Stock Exchange resumed on Monday on bearish note with the market capitalisation dropping below N11 trillion mark amid price loses by some blue chips.
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For the fourth consecutive day the Nigerian Stock Exchange crucial market indicators maintained negative slide with the indices dropping further by 0.39 per cent on Thursday.
The equities activities of the Nigerian Stock Exchange reopened for the week on Monday on a downward trend as market capaitalisation depreciated by 0.29 per cent.
Unity Bank Plc on Friday released its result for the 2018 financial year, which showed the Balance Sheet budding up with a whopping 50.8 per cent growth during the year.
Weekly transactions on the Nigerian Stock Exchange closed on Friday with the market indicators appreciating marginally by 0.68 per cent.
Transactions on the Nigerian Stock Exchange on Thursday closed on a positive note with some blue chips recording price gains.
Trading on the Nigerian Stock Exchange closed on a positive note on Friday after four consecutive days of bearish trading, with analysts attributing the appreciation to price gains by major capitalised stocks.
Activities on the Nigerian Stock Exchange for the fourth consecutive day remained on a bearish trend with the Index returning to 30,000 mark.
Nigerian equities market extended negative sentiments for the second trading session in spite of the earnings seasons.
The News Agency of Nigeria reports that the All-Share Index lost 17.33 points or 0.06 per cent to close at 31,125.39, compared with 31,142.72 achieved on Friday.
The bears maintained leadership at the Nigerian Stock Exchange on Friday with the market capitalisation dropping further by N25 billion.
Trading on the Nigerian Stock Exchange swayed northward on Thursday with some blue chips recording price loses.
Activities on the Nigerian Stock Exchange for the second consecutive day maintained bearish trend, dropping further by 1.02 per cent due largely to mixed 2018 earnings reports.
Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has released its audited financial results for the financial year to December 31, 2018 to the Nigerian Stock Exchange, which showed a strong liquidity position.
The All-Share Index of the Nigerian Stock Exchange commenced trading for the week southward, amid losses by some heavyweight stocks.
After 18 years operations in Nigeria, the MTN Group has said it will list on the Nigerian Stock Exchange in the first half of 2019.
The Nigerian Stock Exchange market indices on Tuesday sustained growth, posting a marginal gain of 0.14 per cent in a cautious trading.
Dangote Cement Industries Plc on Wednesday said that it sold a total 23.54 metric tonnes of cement across Africa for the financial year ended December 31, 2018.The company said in its financial performance released on the Nigerian Stock Exchange that the figure represented an increase of 7.4 per cent when compared with 21.92 MT sold in 2017.
The Nigerian bourse swayed southward on Thursday dropping marginally by 0.14 per cent, amid profit taking ahead of the Presidential and National Assembly elections.
Zenith International Bank Plc on Tuesday became the first bank to announce its 2018 audited result, declaring a drop in gross earnings.