After rallying N7.76 trillion in net capital gains in two successive years, Nigerian equities are set for their third year with net capital gains of N602.02 billion at the weekend, bucking a generally negative opening trend in the global stock markets. Benchmark indices at the stock market at the weekend showed average return of 2.66 […]
The Nigerian equities market yesterday shed N2 billion on investors’ profit taking in 15 stocks after the massive gaining streak recorded the previous day. The All-Share Index declined by 4.08 per cent, representing a decrease of 0.01 per cent, to close at 44,604.74 points. Similarly, the overall market capitalisation value lost N2 billion to close […]
December 24, (THEWILL) – After three days of persistent bearish mood, trading on the Nigerian Exchange Ltd (NGX) rebounded by N17 billion to close Christmas eve positive. Specifically, the market capitalisation rose by N17 billion or 0.08 percent to close on Friday at N22.060 trillion from N22.043 trillion achieved on Thursday. In the same vein, […]
SWOOT The combined market capitalization of the stocks worth over one trillion (SWOOTs) appreciated by 1.97% to close at N15.79 trillion from N15.48 trillion the previous week, reflecting a gain of N305.66 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc. Stock Performance Airtel Africa Plc – N1,050.50 […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday halted its previous five consecutive day positive outing to close on a negative note for the first time in the year as the All-Share Index declined by 0.09 per cent. The NGX All-Share Index declined by 37.83 per cent or 0.09 per cent, […]
At the close of trading on Thursday, the market witnessed a flip that last occurred 11 years ago between the banking giants – Zenith Bank and Guaranty Trust Bank, being one of the top liquid stocks listed on the Nigerian stock exchange. For the first time since September 22nd, 2011, Zenith Bank share price traded […]
Nigeria’s financial services industry will grow by 8.32 per cent in 2022, according to Mr Bismarck Rewane, the Managing Director/Chief Executive Officer, Financial Derivatives Company. Rewane, the keynote speaker at the Nigerian Economic Outlook 2022 webinar organised by First Bank of Nigeria Ltd. on Thursday in Lagos, hinged the predictions on increased partnership and collaborations […]
By Dipo Olowookere The decision of politicians to stir up the race to Aso Rock in 2023 very earlier in 2022 is already taking its toll on the stock market in Nigeria. Last week, former Governor of Lagos State and National Leader of the ruling All Progressives Congress (APC), Mr Bola Tinubu, declared his interest […]
The Consumer Goods Index, which tracks the daily performance of quoted FMCG companies, appreciated by 0.69%, from 559.85 points the previous day, to 563.69 points, at the end of the day’s trading session. The increase recorded in the consumer goods index was driven mainly by Dangote Sugar Plc, BUA Foods, and Flourmill Nig Plc which […]
On Tuesday, BUA Group listed a consolidated entity known as BUA Foods, a combination of its five food businesses comprising pasta, edible oil, sugar, rice, and flour on the Nigerian Exchange Limited by introduction at N40.00/s. The total shares admitted to trading were 18.0bn units of shares, with a market capitalization of N720.0bn upon listing. […]
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