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STOCK MARKET
News and stories about stock market
First City Monument Bank Nigeria (FCMB) organised an evening of investment talks with Ugodre on Thursday, February 27th, 2020.
The Nigerian Stock market started the week on a bearish trend, as investors lost a total of N181.08 billion on Monday
The stock market witnessed bearish trade performance for the third consecutive session this week, as it lost N9.14 billion.
The stock market traded in positive territory yesterday after a series of bearish trades in recent weeks, as the equity market capitalisation rose by N52 billion.
The bears are still dominant at the NSE as market capitalisation bowed to profit-taking, dropped by N37 billion in the last trading session.
The Nigerian stock market dipped by N52.1billion, as the market capitalisation of equities dropped from N14.70 trillion on monday to N14.65 trillion as at close of trading on Tuesday.
Investors lost N403.02 billion last week, as experts attributed the development to the sell-offs witnessed in MTN Nigeria Communications Plc, Guaranty Trust Bank Plc, and Access Bank Plc.
Stocks of GTBank, MTN Nigeria, UBA, Zenith Bank and Unilever Nigeria were most actively traded on the floor of the stock market on Thursday.
LASACO Assurance, AIICO Insurance, Flour Mill, Oando and Sterling Bank were the best-performing stocks on Wednesday as they recorded positive growth.
Stanbic IBTC Bank, Zenith Bank, UBA, Fidelity Bank and GTBank led the actively traded stocks on the floor of the stock market on Tuesday.
The stock market rounded off the week bullish with the all-share index growing by 0.94% to close at 29,628.84 index points.
The stock market bounced back today to retain its N15 trillion mark as the All-share index moved up by 1% to close at 29,352.13 index points.