Investors lose N305bn as stock market sustains downward trend
The downward trend in the stock market continued for the sixth straight week following sell pressure in some blue chip companies with investors losing N305 billion. The market volatility had remained at the extreme majorly driven by mixed sentiments while investors continue to seek safer investment haven as hedge against inflation in the face of attractive […]
Equities Market Investments Up By N19 Billion
The Nigerian equities market commenced the week trading, yesterday on a positive footing as investors’ investment went up by N19 billion. The All Share Index (ASI) rose by 39.28 points or 0.14 per cent to 27,565.09 points. Accordingly, investors gained N19 billion in value as market capitalisation went up to N13.410 trillion. The upturn was […]
NSE Unveils Ai Powered X-Bot To Enhance Market Participation
The Nigerian Stock Exchange, NSE, has launched the X-Bot, an artificial intelligence (AI)-powered Chatbot that responds directly and automatically to enquiries through Facebook Messenger. The X-Bot which is the first African securities exchange Chatbot is designed to provide market participants, especially retail investors, convenient, faster and real-time access to data and information from the Exchange. […]
U.S. Stocks Suffer Worst Year Since 2008 Financial Crisis
Wall Street closed out a dismal, turbulent year for stocks on a bright note Monday, but still finished 2018 with the worst showing in a decade. After setting a series of records through the late summer and early fall, major U.S. indexes fell sharply after early October, leaving them all in the red for the […]
Saudi Arabia Is Starting To Stockpile Oil Again
The key OPEC oil producers seem to be finding it harder than expected to sell their output overseas. The probable resulting build-up in their stockpiles should at least help them offset the drop in Iranian supplies as U.S. sanctions start to bite deeper. Crude oil exports from the five Persian Gulf Arab members of OPEC fell by […]
South African Rand Slumps To Near 6-Month Low, Bonds Weaken
South Africa’s rand slumped more than 2 percent to a near six-month low against the dollar and government bonds weakened sharply on Friday, dragged down by weak economic growth and global investors shying away from riskier assets. At 0844 GMT, the rand traded at 13.2400 per dollar, 1.7 percent weaker than its close on Thursday, […]
Dollar Soars As U.S. Yields Spike; Global Shares Divided
The U.S. dollar hit an 11-month peak on Monday as the risk of faster domestic inflation and wider budget deficits if Donald Trump goes on a U.S. spending binge sent Treasury and other benchmark global bond yields ever higher. It was a painful mix for assets in many emerging market countries. Currencies from the […]
Yen Gains As Election Jitters Weigh On Stocks, Hit Mexican Peso
Investors are becoming more jittery amid a tightening race for the U.S. presidency, spurring demand for haven assets including the yen while weighing on stocks and Mexico’s peso. Egypt’s currency tumbled as the country switched to a freely floating exchange rate. The yen climbed to a one-month high, U.S. equity index futures fell and the […]
Global Stocks Sag As Bond ‘Bloodbath’ Shows No Sign Of Letting Up
Stocks fell on Friday, curbed by the continued surge in global bond yields, while the dollar hit a three-month high against the yen as investors grew more confident that the Federal Reserve will raise U.S. interest rates by the end of the year. Benchmark 10-year U.S. and euro zone yields rose to their highest since […]
Maryam: 
Iyanuoluwa Isinkaye: 