[FILES] Stock market display The Nigerian stock market reopened for the month of September on a downturn, following sell-pressure in the shares of FTN Cocoa and 16 others, causing investors’ wealth to plunge further by N18 billion. Specifically, at the close of transactions on the Nigerian Exchange Limited (NGX) yesterday, the All-Share Index (ASI) dipped […]
Category: Nigeria Business
Weekly Transactions on Local Stock Exchange Grow 30.41%
By Dipo Olowookere The volume of transactions witnessed at the local stock exchange last week increased by 312 million units or 30.41 per cent to 1.338 billion units from 1.026 billion units. Business Post reports that these trades were valued at N8.7 billion executed in 19,830 deals compared with the preceding week’s N8.2 billion carried […]
Stock Market To Continue On Weak Performance This Week
Going the way of last week, the Nigerian stock market is expected to continue on weak performance. Analysts at Afrinvest Limited stated that “In the absence of positive catalysts, we expect the weak performance to persist this week.” Also, analysts at Cordros Securities Limited said that “In the week ahead, we anticipate cautious trading in […]
Bull Returns As Equities Market Gains N382bn
The Nigerian stock market, yesterday, closed transactions on a positive note to halt the bearish sentiment of two consecutive trading days, as capitalisation gained N382 billion. Market analysts stated that, the upturn was buoyed by buy-interest on blue-chip stocks of the industrial, consumer goods, and banking sectors. The All Share Index (ASI) increased by 733.30 […]
Investors Lose N56bn As Equities Market Sustains Bearish Performance
Investors lost N56 billion in value as the Nigerian equities market yesterday sustained its bearish performance to end the last trading day in August 2021 on decline. Sell pressures in highly capitalised stocks brought the market lower by 0.27 per cent as market capitalisation declined to N20.434 trillion. The All Share Index (ASI) fell by […]
Nigerian stocks extend loss as sell pressure weighs on consumer goods shares
Nigerian stocks came under further pressure on Wednesday as the all-share index dropped 0.09 per cent, a retreat that means the bourse has shed 2.7 per cent January to date. The market has been bearish lately and is yet to report a gain this week by reason of investors’ risk-off disposition to trade even regardless […]
Profit-Taking Persist as Stock Market Drops by N18bn
Darasimi Adebisi Transactions on the Nigerian equities market yesterday closed on a negative note, taking the trading losses to the third consecutive day as investors’ profit-taking down market by N18 billion. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) dipped by 35.43 basis points, representing a decline of 0.09 per cent, to close at 39,184.18 […]
NGX closes flat as investors await interim dividends
Mixed trading persisted on the Nigerian Exchange Ltd on Tuesday with the indices closing relatively flat with a loss of 0.004 per cent on improved market turnover. Specifically, the All-Share Index shed 1.60 points, representing 0.004 per cent, to close at 39,251.29 from 39,252.89 posted on Monday. Accordingly, month-to-date return and year-to-date loss stood at […]
Trading on NGX rebounds by N3bn
The Nigerian Exchange (NGX) closed trading on Tuesday in green to halt the six-day consecutive bearish trend with a marginal growth of N3 billion. The market upturn was due to investors’ renewed buying interest in the financial and industrial sectors. Consequently, the market capitalisation inched higher by N3 billion or 0.01 per cent to close […]
Stock Market Decline By N82.83bn On Profit-taking
Nigerian Stock Exchange Stock Market Decline By N82.83bn On Profit-taking Transactions on the Nigerian equities market yesterday closed the first trading session of the week on a negative note with a decline of N82.83billion as profit-taking dominated all the major sectors. The overall market capitalisation dropped to N20.490 trillion from N20.57trillion it opened for trading, […]