The following warnings occurred:
Warning [2] Undefined array key "avatartype" - Line: 783 - File: global.php PHP 8.0.30 (Linux)
File Line Function
/global.php 783 errorHandler->error
/showthread.php 26 require_once
Warning [2] Undefined array key "avatartype" - Line: 783 - File: global.php PHP 8.0.30 (Linux)
File Line Function
/global.php 783 errorHandler->error
/showthread.php 26 require_once
Warning [2] Undefined variable $awaitingusers - Line: 16 - File: global.php(844) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/global.php(844) : eval()'d code 16 errorHandler->error
/global.php 844 eval
/showthread.php 26 require_once
Warning [2] Undefined array key "mybb" - Line: 1952 - File: inc/functions.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions.php 1952 errorHandler->error
/inc/functions_indicators.php 41 my_set_array_cookie
/showthread.php 629 mark_thread_read
Warning [2] Undefined property: MyLanguage::$ratings_update_error - Line: 5 - File: showthread.php(732) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(732) : eval()'d code 5 errorHandler->error
/showthread.php 732 eval
Warning [2] Undefined array key "additionalgroups" - Line: 7162 - File: inc/functions.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions.php 7162 errorHandler->error
/inc/functions_user.php 844 is_member
/inc/functions_post.php 406 purgespammer_show
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "profilefield" - Line: 6 - File: inc/functions_post.php(474) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php(474) : eval()'d code 6 errorHandler->error
/inc/functions_post.php 474 eval
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "showimages" - Line: 741 - File: inc/functions_post.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php 741 errorHandler->error
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "showvideos" - Line: 746 - File: inc/functions_post.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php 746 errorHandler->error
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "invisible" - Line: 1506 - File: showthread.php PHP 8.0.30 (Linux)
File Line Function
/showthread.php 1506 errorHandler->error
Warning [2] Undefined variable $threadnotesbox - Line: 30 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 30 errorHandler->error
/showthread.php 1533 eval
Warning [2] Undefined variable $addremovesubscription - Line: 79 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 79 errorHandler->error
/showthread.php 1533 eval
Warning [2] Undefined variable $forumjump - Line: 86 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 86 errorHandler->error
/showthread.php 1533 eval



Guest Join UsHey Guest,
Welcome, Join our awesome community where you can discuss on various topics :-
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Much More.. or Create an Account


{myadvertisements[zone_1]}
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Nigerian Equities Market Begins 2019 on Bearish Note
#1
Nigerian Equities Market Begins 2019 on Bearish Note
Thursday, January 03, 2019  BUSINESS


                          [Image: c5175972-nigerian-stock-exchange-flo-696x522.jpg]
The Nigerian equities market kicked off 2019 on a negative note as sell offs in bellwether counters led to a decline of 1.15 per cent in the Nigerian Stock Exchange (NSE) All-Share Index to close at 31,070.06.

The market had ended 2018 with a decline of 18.7 per cent contrary to expectations that the recovery recorded in 2017 would be sustained.


However, political uncertainties in the domestic economy in the build up to the 2019 elections amidst a sluggish growth in gross domestic product (GDP) from the economic recession, which led foreign investors to flee the equities market in search of high-quality lower-risk assets in developed economies notably the United States made the market to closed 2018 on a bearish note.

And on the first trading day of the 2019 yesterday, the market remained bearish, shedding 1.15 per cent due to price losses by bellwether stocks such as Nigerian Breweries Plc, Dangote Cement Plc, Lafarge Africa Plc and Access Bank Plc. Consequently, market capitalisation shed N134.4 billion to close at N11.6 trillion.

In terms of sectoral performance, the NSE Banking Index was the lone gainer, rising by 0.1 per cent following buying interest in Ecobank Transnational Incorporated (+2.1 per cent) and United Bank for Africa (+1.3 per cent). The NSE Consumer Goods Index recorded the highest decline of 2.3 per cent followed by the NSE Insurance Index that sed 1.2 per cent. The NSE Industrial Goods Index and NSE Oil & Gas Index lost 1.2 per cent and 0.7 per cent in that order.

Analysts at SCM Capital Limited said their near term outlook for the local bourse remains conservative owing to political concerns ahead of the 2019 electoral cycle and the absence of a positive driver.

“However, stable macroeconomic fundamentals remain supportive of recovery in the long-term,” they said.

Also looking ahead, analysts at FSDH Research had said: “With growing concerns about a weakening global economy, the U.S Fed providing guidance for two rate hikes in 2019 and more importantly, the elevated political risk in the domestic economy, we expect foreign investors to remain on the sidelines. Hence, we still expect a choppy theme to characterize the nation’s bourse over the short-term.”

Speaking on the performance of the stock market, the Acting Director General of the Securities and Exchange Commission (SEC) Ms. Mary Uduk had said the impact of increase in interest rate in advanced countries not just US, had impact on capital outflow thereby leading to reduced performance in our markets
Reply
{myadvertisements[zone_3]}


Possibly Related Threads...
Thread Author Replies Views Last Post
  FG Begins Movement Of Cargoes From Lagos To Onitsha Port To Ease Apapa Traffic Edoman 1 1,222 07-20-2022, 10:41 AM
Last Post: Emmbra
  One Dollar now going for 523 Naira at black market Edoman 0 723 07-29-2021, 11:20 AM
Last Post: Edoman
  MTN to boost stock market liquidity by N375bn Edoman 0 700 07-06-2021, 08:38 AM
Last Post: Edoman
Tongue At least 13,423 Nigerian Students Study in U.S Contribute $514m To Economy In 2018 Edoman 2 1,758 05-18-2021, 08:05 AM
Last Post: Allenwood
  Nigerian Breweries assures on returns as shareholders get N7.5b dividend Edoman 0 787 04-26-2021, 10:32 AM
Last Post: Edoman
  Shoprite Sells Nigerian Business To Property Company Edoman 0 799 04-14-2021, 10:05 PM
Last Post: Edoman
  MTN Wants To Drive Nigerian Smes Out Of Airtime, Data Business Edoman 0 758 04-02-2021, 08:56 PM
Last Post: Edoman
  UAE extends ban on Nigerian flights till March 20 Edoman 0 735 03-11-2021, 11:58 AM
Last Post: Edoman



Users browsing this thread: 1 Guest(s)

{myadvertisements[zone_2]}

About contripeople

Contripeople forum description.

              Quick Links

              User Links

              Advertise