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Nigeria: Investors' Stake N27.9 Billion in Equities in Five Trading Days
February 19, 2018--Heavy transactions in the shares of financial stocks last week, buoyed the volume of shares traded, as a total turnover of 2.940 billion shares worth N27.924 billion were recorded in 28,570 deals by investors on the floor of the Exchange in contrast to a total of 4.426 billion units valued at N24.236 billion that was exchanged in 29,573 deals during the preceding week.
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Source: AllAfrica.com
JSE eases as investors take profit
February 16, 2018--The JSE eased as investors took profit after the biggest one-day rally in three years, with the All-Share consolidated ending down 0.69%.
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Source: FIN24
Rand flirts with R11.50/$ as markets await possible Cabinet reshuffle
February 16, 2018--Rand gains on the election of a new South African president have run their course, say analysts, as markets await a possible Cabinet reshuffle this weekend.
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Source: FIN24
JSE edges up slightly in cautious trade
February 16, 2018--The JSE responded positively on Thursday to the election of Cyril Ramaphosa as the country's new president.
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Source: FIN24
Rand could reach R11.50/$ on #Zumexit, Ramaphosa presidency-analyst
February 15, 2018--The rand has held steady at R11.66 to the dollar, following Cyril Ramaphosa's election as president of the country.
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Source: FIN24
Rand rallies to under R11.70/$ as Zuma says 'I resign'
February 15, 2018--The rand rallied to R11.70/$, levels last seen in more than two and half years after President Jacob Zuma finally bowed to pressure and resigned as the leader of the country.
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Source: FIN24
Nigeria:Investors Lose N370 Billion, Highest Dip in Five Months
February 14, 2018--Stock market investors' yesterday lost a whooping N370billion, as the reign of the bears continued unabated on the trading floor of the Nigerian Stock Exchange (NSE).
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Source: AllAfrica.com
Nigeria: 89% of Nigeria's Economy Still in Recession-Expert
February 14, 2018--Only 11 per cent of the Nigerian economy is out of recession while the remaining 89 per cent is still in recession, CEO of RTC advisory services Ltd, Mr. Opeyemi Agbaje has said.
The economic expert said Nigeria's exit from recession was largely driven by oil sector, and then, partly by agriculture and utilities (particularly power sector), which he said summed up to constitute only 11 per cent of the nation's economy.
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Source: AllAfrica.com
JSE edges up slightly in cautious trade
February 14, 2018--The JSE edged up slightly in cautious trade on Wednesday, as the market waits for President Jacob Zuma to resign by midnight or be removed by Parliament in a vote of no confidence.
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Source: FIN24
Rand steady on Zuma exit ultimatum
February 13, 2018--The rand has held steady following news that the ANC's top 6 has given President Jacob Zuma an ultimatum to step down.
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Source: FIN24