Capital Market

NSE Records First Week-on-Week Loss in 3-Weeks

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The Nigerian Stock Exchange (NSE) benchmark index on Friday recorded its first Week-on-Week (w/w) loss in three (3) weeks as all-share index (ASI) and market capitalisation depreciated by 2.23 percent and 1.92 percent respectively to close at 34,930.02 and N11.903 trillion. “Similarly, all […]

NSE Lists Diamond Banks 8.685 Billion Shares at N5.80

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Thursday listed Diamond Bank Plc’s 8,685,145,863 ordinary shares of 50 kobo each at N5.80 per share following a successful rights issue completion.  “The Market is hereby notified that following the successful conclusion of the Rights Issue of 8,685,145,863 ordinary […]

Nigerian Stocks Rebound, Gain 1.01% on 2-Day Price Correction

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Thursday gained 1.01 percent after a two day price correction to off-set Wednesday’s decline of 219 basis points (bps), At the close of business on the Nigerian bourse, all-share index (ASI) closed at 34,520.14 points, while market capitalisation increased by N155.31billion to […]