Capital Market

Nigerian Stocks Drop 0.61% as Bears Hold Persist

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Monday dropped 0.61 percent as bears persist its hold prompting the all-share index (ASI) to close at 34,510.81 points, while the market capitalisation decreased by N71.83 billion to close at N11.76 trillion. With this loss, current Year-to-Date (Y-t-D) returns on the Nigerian […]

Saudi Arabian Tadawul (Stock Exchange) Opens to Foreign Investors in June

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-the Saudi Arabia (Tadawul) Stock Exchange will on June 15, 2015 open to foreign investors, according to a report on the website of Capital Finance International (CFi). The report says the Saudi Tadawul which is worth well over $500 billion, is dominated by energy-related and […]

Shares gain on China stimulus; Greece worries weigh on euro

Mon Apr 20, 2015/Reuters Equity markets rebounded on Monday after China took steps to stimulate its economy and Wall Street also rose on corporate earnings, while the euro weakened further on worries about Greece. The Chinese central bank on Sunday cut the amount of cash banks must hold as reserves […]