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  • Profile
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November 25, 2019

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FCSL DAILY MARKET REPORT-25TH NOVEMBER, 2019

Daily Market ReportBy Samuel ObayomiNovember 25, 2019

Equities Market • The Nigerian Equity Bourse continued with its bullish run at the end of today’s trading activities, as NSE ASI and Market capitalization both increased by 0.16% to 27,035.78 Index Points and N13,048Billion respectively. Year-to-Date ASI is still at a Negative of 13.98%. • Volume, Value of trade and No of deals all…

European shares lifted by U.S – China trade optimism; LVMH gains

Market NewsBy Samuel ObayomiNovember 25, 2019

It was reported by a Chinese tabloid on Monday, that China and the U.S were ‘very close’ to an initial trade agreement after both presidents reiterated their desire for a deal. European shares rose on Monday following reports on the deal between LVMH and Tiffany & CO. French luxury goods group, LVMH (LVMH.PA) rose 1.7%…

IOCs’ divestment in focus as Nigeria seeks investments

Market NewsBy Samuel ObayomiNovember 25, 2019

A new wave of asset divestment by some International Oil Companies (IOCs) is brewing at a time when the country is seeking more investments in the oil and gas industry. In a report made earlier this year, it was said that ExxonMobil had held talks on the sale of a suite of oil and gas…

SEC cancels banker confirmation in e-dividend registration

Market NewsBy Samuel ObayomiNovember 25, 2019

The Securities and Exchange Commission (SEC) has made a move to end the use of banker’s confirmation form in processing e-dividend registration. The move was aimed at reducing the huge number of unclaimed dividends at the nation’s capital market which is currently put at N103 billion as at December 2017, as well as increasing the…

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