EASYKOBO.COM boosts investor confidence through Nigeria’s 1st Virtual Stock Exchange Trials

Sep 28 (Lagos) –Easykobo.com Finance website welcomes you to the new and improved Easykobo.com was formed during the financial crisis to bring a fresh approach to investing in the Nigeria capital markets, website was upgraded last month.

Easykobo.com now features Nigeria’s first free Stock trials simulation with exciting prizes for winners…

Apple stock keeps climbing on news of iPhone sales

Apple’s stock is going up, up and away in Friday trading as Wall Street got its first glimpse of the demand for the iPhone 5.

As of 3 p.m. Eastern, the stock was trading consistent above $ 690 per share after opening at a record high of $ 689.97, according to Nasdaq’s Web site.

Zuckerberg admits Facebook stock ‘painful’ to watch, report says

Facebook shares hit a new all-time low Thursday after early investors got their first chance to sell, dropping the stock price below the $ 20 mark and extending the losses its seen since the company’s $ 38 debut on May 18.

The drop makes Facebook the second-worst post-lockup performer among companies that have gone public since January 2011, Bloomberg reported. The worst performer? Facebook buddy and…

Facebook’s stock sinks, so who should buy it?

FILE – In this May 16, 2012 file photo, the Facebook logo is displayed on an iPad in Philadelphia. Facebook’s stock hit a new low Friday, July 27, 2012, after it reported second-quarter results that disappointed…

Nigerian Stock Exchange Watch: Market Performs Well Despite Negative Close

The Nigerian Stock Exchange recorded a good performance today despite closing in the negative. A block trade in Dangote Cement (-3.93%) caused the All Share Index to fall 0.91%.

On a sector-by-sector basis, all the major sub-indices closed in the green, Banking (+0.5%), Insurance (+0.35%), Oil & Gas (+0.1%), and Consumer Goods (+0.06%).

Driving the performance in the banking sub-sector were the following participants: Access (+4.20%), First Bank (+0.51%), GTBank (+0.29%),…

Nigerian Stock Exchange Brief: ASI (+1.11%) Rallies Big, Market Cap Crosses N 7 trillion mark

The All share index (ASI) rallied big gaining  111 basis points. The strong performance was buoyed by the banking sub-index whic was up a whopping 2.06%.

Market Capitalization crossed the N 7 trillion mark for the first time in several weeks and the Year-to-Date return of the market increased to 5.79%.

The Consumer Goods sub-index was up 1.5% whilst the Oil & Gas sub-index also appreciated 1.21%; the Insurance sub-index…

Nigerian Stock Exchange Watch: Market Capitalization Falls Beneath N 7 trillion

The All Share Index shed 0.81% in the second trading day in June sending the market capitalization of the bourse beneath N 7 trillion.

Bearish sentiments prevailed across virtually all sectors with banking retreating by -1.56%, Consumer Goods (-1.15%) and Oil & Gas (-0.5%).

Selling pressure forced the prices of bluechip stocks down. Zenith (-1.49%), UBA (-2.5%), GTBank (-1.25%), Access (-4.93%),…

FG Agrees on Forbearance Package for Stockbrokers to Stimulate Stock Market

The Minister of Finance has disclosed that the Federal Government will provide forbearance package to stockbrokers in order to stimulate the stock market.

Speaking at the annual meeting of the African Development Bank in Arusha, Tanzania, the Finance Minister made the disclosure.

She said, “We are working on the forbearance; we have now agreed on it, and we are…

Nigerian Stock Exchange Watch: ASI (-0.04%) Declines Marginally, Dangote Flour (+5%) Gains Maximum Points

The All Share Index declined marginally, shedding 0.04% to close at 22,170.96. Market activity improved over previous sessions but was not remarkable.

The banking sub-sector was largely in bearish territory with top tier banks GTBank (-1.03%) and Zenith (-1.36%) shedding some points, whilst First Bank and UBA remained unchanged.

On the flip side Access (+1.39%), Diamond (+1.52%), Stanbic (+0.33%), and Union…

Nigerian Stock Exchange Watch: Market YTD Performance Hits (+7.77%), First Bank (+2.83%) Carries ASI (+0.15%)

The All Share Index gained 0.15% to close at 22,342.13 as the year-to-date performance of the bourse improved to 7.77%.

The gainers outweighed to losers in the banking sub-sector today as key bank stocks including First Bank (+2.83%), Zenith (+0.20%) and Access(+0.44%) recorded price appreciation. Also in the green were FCMB (+4.42%) and Fidelity (+1.56%).

UBA (-1.68%) reversed on yesterdays gain…