Nigerian Stocks

Posted on January 18, 2017 by Onome Ohwovoriole

Why Revised Short Selling and Market Making Rules Will Boost Capital Market Activities

At the 2016 Review/2017 Outlook briefing by NSE DG Oscar Onyeama, he stated that short selling was now open to retail investors. He also announced that the market making policy would be revised for greater effectiveness. Short selling hitherto had been open to institutional investors only. Short selling simply means borrowing a stock I don’t Read More

Posted on January 11, 2017 by Onome Ohwovoriole

Corporate Action: Med-View Airlines To List Shares January 31st on the NSE

Med-View airlines is to its shares on the Nigerian Stock Exchange on the 31st of January. The aviation firm will be listing 9. 75 billion ordinary shares of 50 kobo at N 1.50 Naira per share. The airline also intends having an inital public offering (IPO) later in the year. Previous airlines listed on the Read More

Posted on January 11, 2017 by Onome Ohwovoriole

2017 Outlook: Why Axa Mansard Stock Is A Good Buy

Nairametrics|AXA Mansard is the largest company by capitalization on the NSE Insurance index, with a market capitalization of N17 billion Naira. France based, AXA insurance acquired a majority stake in the firm in 2015. The company posted impressive Q3 2016 results in the light of the difficult operating environment. For the first nine months through Read More

Posted on December 15, 2016 by Ugo Obi-chukwu

Bulls Are Back: 4 Reasons Why Nigerian Stocks Are Rallying

Nigerian Stocks gained for the 5th straight day and the 9th day out of 10 days of trading crossing the N9 trillion market capitalization mark for the first time in since 11th November 2016. The market has now basically wiped out the losses it incurred in the November bloodbath. As we enjoy this bull ride, Read More

Posted on December 11, 2016 by Ugo Obi-chukwu

Moody’s Stable Outlook for Nigeria: Implication for Equities Market

Ratings Agency, Moody’s has released its latest rating on Nigeria. In a press releases dated December 9, 2016, Moody’s said it had affirmed the B1 long-term issuer rating of the Government of Nigeria with a stable outlook. These were the key drivers for the positive review ; 1.) Medium term growth prospects remain robust despite the Read More

Posted on December 4, 2016 by Nairametrics

With N3 trillion Lost, Data Shows Stock Market Is Worse Off Under Buhari

The Nigerian All Share Index closed on Friday with a total market capitalization of N8.8 trillion. It closed a brutal month of November with a market capitalization of N8.6 trillion recording only two days of gains in the entire month. The market has lost over N6 trillion in market valuation since the start of the Read More

Posted on December 2, 2016 by Onome Ohwovoriole

Who is Off-loading Wema bank? Over a billion shares sold in one week

Trading volumes on Wema bank shares have been unusually high for the last four trading sessions this week. Over one billion shares have been traded so far this week. On average, Wema bank trades a few million shares daily.  At a current price of 55 kobo per share, Wema bank is currently trading slightly above Read More

Posted on August 31, 2016 by Nairametrics

Nigerian Stocks: Summary Of Trading (31/08/2016)

Nigerian stocks closed trading on a positive note as the all share index rose 0.39%. Market capitalization at the close of trading was N9,478,869,647,317.02.   Highlights of today’s trading session. NSE All Share Index was 27,599.03 up 0.39%. Market capitalization closed at N9.48 trillion. Volume of shares traded was 262,614,836.00 units.   Top Trades Company (By Volume) Volume Read More

Posted on August 15, 2016 by Nairametrics

A tale of two friends: One invested in stocks the other in forex

Two years ago and just when the Central Bank announced its first round of devaluation two friends talked about its impact on the Nigerian economy and what this could mean for their portfolios. They both had investments in Nigerian stocks and were disciples of Value Investment. As events in the economy unfolded they pondered on Read More

Posted on July 24, 2016 by Nairametrics

Bellwether Stocks In Nigeria And What It Means

Bellwether stocks are key stocks that serve as a gauge of general market performance or general economic performance. Investors view these stocks as key indicators of the direction an economy is headed to. Investors can also rely on bellwether stocks to predict a bull or bear market. Bellwether stocks are mostly blue chip stocks and Read More

Posted on June 7, 2016 by Nairametrics

Nigerian Stocks: Summary of Trading Today (07/06/2016)

Nigerian stocks closed trading on a negative note as the all share index dropped -0.45%. Market capitalization at the close of trading was N9,436,438,052,235.82   Highlights of today’s trading session. NSE All Share Index 27,475.48 down -0.45% Market capitalization closed at N9.4 trillion. Volume of shares traded was 183,238,187.00 units   Top Trades Company(By Volume Volume Read More

Posted on June 6, 2016 by Nairametrics

Nigerian Stocks: Summary of Trading Today (06/06/2016)

Nigerian stocks closed trading on a negative note as the all share index dropped -0.13%. Market capitalization at the close of trading was N9,478,701,539,024.36   Highlights of today’s trading session. NSE All Share Index 27,598.54 down 0.13% Market capitalization closed at N9.4 trillion compared to last week market capitalization of 9.5 trillion. Volume of shares traded Read More

Posted on February 21, 2016 by Kayode Olayemi

Roundup of What Happened To Nigerian Stocks Last Week

A see-saw trading week on the Nigerian bourse, the market traded higher on Monday, then lower through to midweek before inking some gains through to the end of the week. The losses in midweek however outweighed the gains at the start and back-end of the week, hence a lower close for the week. The market Read More

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