Browsing: Stocks

Domestic equity market on Tuesday returned to bearish run, shedding N672 billion following losses recorded by some medium and large stocks. Market capitalisation of listed equities decreased by 1.99 per cent to N33.059 trillion from N33.731 trillion reported the previous day. The NGX All Share Index also depreciated by 1234.20 basis points to 60715.04 points

Financial Stocks Lead N41bn Turnover With 74%   The financial services industry dominated, in volume terms, last week’s transactions on the floor of the Nigerian Exchange Limited (NGX). It led the activity chart with 1.7 billion shares valued at N24.7 billion traded in 14, 277 deals. It contributed 74 per cent to the total equity

SpaceX founder Elon Musk saw the explosion of the space exploration enterprise’s huge Starship minutes after launch as another step toward building a version that helps humans explore the galaxy SAN FRANCISCO – Elon Musk was at the news epicentre Thursday, from stripping Pope Francis of Twitter verification to Tesla’s drag on stocks and the

Last year, stock and bond returns tumbled after the Federal Reserve hiked interest rates at the fastest speed in 40 years. It was the first time in decades that both asset classes posted negative annual investment returns in tandem. Over four decades, this has happened 2.4% of the time across any 12-month rolling period…

Warren Buffett recently opined that it is impossible to foresee the ultimate winner in the electric vehicle market, suggesting that it may or may not end up being Tesla.  The competition, Buffett said during an annual Berkshire Hathaway shareholder meeting over the weekend, is becoming so tough and the market is so fickle that Tesla could follow a page