According to pivot charts, the key support levels for the Nifty are placed at 17,104.87, followed by 16,942.93. If the index moves up, the key resistance levels to watch out for are 17,367.57 and 17,468.34. The BSE Sensex on February 8 ended 187.39 points higher at 57,808.58, while the Nifty50 settled at at 17,266.80, up […]
By Dipo Olowookere The Nigerian Exchange (NGX) Limited depreciated by 1.12 per cent on Thursday as investors booked profit in Dangote Cement, Oando, FBN Holdings, Ardova and 14 other stocks. From the analysis of the trading details, industrial goods, insurance and energy sectors were the major drivers of the loss as they shed 3.25 per […]
By Dipo Olowookere The first trading session of the new week on the floor of the Nigerian Exchange (NGX) Limited ended on a negative note after a 0.16 per cent loss on Monday. The lowering of the NGX index was majorly due to price depreciation in Okomu Oil, Oando, GTCO, MTN Nigeria, FBN Holdings and […]
Following price losses in many blue-chip stocks, especially Okomu oil and NEM Assurance, the Nigerian Exchange (NGX) reopened on a downturn yesterday, market capitalisation declined by N41 billion. At the close of trading yesterday, the All-Share Index declined by 76.53 per cent, representing a decrease of 0.16 per cent, to close at 47,203.39 points. Similarly, […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday dropped by N280billion on investors’ profit taking in Dangote Cement and 17 others. The NGX All-Share Index declined by 520.76 basis points or 1.12 per cent, to close at 46,009.23 points. Similarly, the overall market capitalisation value lost N280 billion to close at […]
[FILES] Nigerian Exchange Group (NGX). Photo/facebook/ngxgroup The volume of shares traded on the Nigerian Exchange Limited (NGX) soared last week, as a turnover of 1.785 billion shares worth N19.6 billion was recorded in 27,822 deals. This was higher than 1.448 billion units valued at N19 billion that changed hands in 22,557 deals the preceding week. […]
Nigerian banks Deposit Money Banks’ (DMBs) total lending to the private sector increased by 18.5 percent year-on-year to N35.7 trillion in December 2021, according to data from the Central Bank of Nigeria (CBN). The Private Sector Credit Extension (PSCE) covers lending from all sources including the CBN and the state-owned development banks. Although the credit […]
Exxon Mobil Corp. ( XOM ) shares closed today at 1.4% below its 52 week high of $75.24, giving the company a market cap of $317B. The stock is currently up 22.5% year-to-date, up 69.6% over the past 12 months, and up 14.0% over the past five years. This week, the Dow Jones Industrial Average […]
Stocks that helped the market’s positive start to a new month include Seplat Energy Plc, Conoil Plc, Academy Press Plc, RT Briscoe Plc and Presco Plc. Nigeria’s equities market opened month of February on a positive note (+1.04percent or N262billion), pushing higher this year’s positive return to +10.29percent. Stocks that helped the market’s positive start […]
Four of the major oil marketing companies in Nigeria saw their combined revenue surged by 46.96 per cent last year as fuel demand recovers from the impact of the COVID-19 pandemic. The companies, namely Conoil Plc, TotalEnergies Marketing Nigeria Plc, MRS Oil Nigeria Plc and Eterna Plc, grew their total revenue by N198.9bn in 2021 […]
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