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NIGERIAN STOCK MARKET
News and stories about Nigerian stock market
Investors are advised to take advantage of the present low prices of banking stocks based on their 2019 financial results, and the dividend yield some of the tier-1 banks have declared.
Trading on the floor of the Nigerian Stock Market on Wednesday saw another heavy fall in stock prices.
Speculators strike as exchange rate falls to N366/$1, stocks lose another N1 trillion.
Nigerian Stocks closed the month of February with an All Share Index of 26,216.46, the lowest since February 2017.
The Nigerian Stock Market continued its bearish trend with a 0.08% decline in the market performance.
Wealth.ng is the investment platform which enables any individual invest in securities on the Nigerian Stock market.
Forte Oil Plc, was the worst performing stock in Thursday's trading session on the floor of the Nigerian Stock Exchange (NSE).
The Nigerian Stock Market has been witnessing a downward spiral this year. The Nigeria All-Share Index, which opened the year at 31,430.50 points ended the week of August 2, 2019, at 27,630.46 points.
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) trending downward by 1.27% WTD to close at an index level of 30,046.70 and Market capitalization of N13.23 trillion. This represents 4 weeks low.
The stock market opened the month of February at a market capitalisation of N11.424 trillion and closed at about N11.868 trillion.
Afrinvest have identified the four major elements that will propel the Nigerian stock market in 2019.