Category: Capital Market

  Trading activities on the floor of the Nigerian Stock Exchange today closed on the positive route to maintain uptrend as bulls sustained grip on the local bourse for the fourth trading session following gains recorded by blue chip firms.   The local bourse recorded18 gainers against 12 losers as market sentiments remained green. Consequently, the All-Share Index appreciated by 140.53 basis points or 0.16 per cent to close at 24,882.04 index points as against 24841.92 recorded the previous trading session while market capitalisation of equities grew by N20 billion from…

  Financial market analyst and Managing Director/CEO,  Cowry Asset Management Limited, Mr. Johnson Chukwu,  has said that he expects weak Q2 and Q3 results will drive equity prices lower. In his presentation at an event on “H1’20 Review; Expectations and Investment Strategies in H2’20,” Chukwu noted that investors with long term horizon may be facing the best time to take position. The virtual event had in attendance government officials, apex and self-regulatory organisations, capital market operators, investment bankers, policymakers, chief executive officers (CEOs), economists, researchers, analysts, academics, and private equity firms. According…

Transaction activities last week closed positive, extending weekly gains as the NSE All-Share Index and Market Capitalisation both appreciated by 1.09 per cent to close the week at 24,693.73 and N12.882 trillion respectively. All other indices finished higher with the exception of NSE ASeM, NSE Consumer Goods and NSE Oil/Gas indices, which depreciated by 0.06 per cent, 0.44 per cent and 6.51 per cent respectively It was a brief trading week as the market opened for three days in observance of the public holidays declared by the Federal Government of…

  FBNQuest Merchant Bank, the investment banking and asset management business of FBN Holdings Plc, has announced the launch of a new corporate internet banking platform, which offers an upgraded user interface with enhanced convenience for transactions. According to a statement from the company, the platform is a payment processing solution for corporate banking clients that provide online real-time account access for balance and transaction monitoring, investing, fund transfers, bulk payments such as salaries or payments to third parties, and other self-service requests, conveniently and securely. An innovative internet banking…