Heightened political tension weakens market indices by 0.53% The year 2021, like most other years, brought enchanting developments to Nigeria’s capital market (NCM), especially as the COVID-19 pandemic seemed far from over. The country’s stock market had in 2020 witnessed closure of companies and offices which caused the postponement of annual general meetings (AGMs) of […]
By Dipo Olowookere The Nigerian Exchange (NGX) Limited depreciated on Thursday by 1.77 per cent on the back of profit-taking in the shares of UPDC, Dangote Cement and 13 others. The duo lost 10.00 per cent each yesterday to close at N9.00 and N252.00 respectively, while Neimeth went down by 6.86 per cent to N1.63, […]
Kayode Tokede Dangote Cement Plc and 14 other highly capitalised stocks on the Nigerian Exchange Limited (NGX) contributed 90.2 per cent or N20.10 trillion to overall N22.3 trillion market capitalisation in 2021. The other highly capitalised stocks were MTN Nigeria Plc, Airtel Africa Plc, BUA cement, Nestle Nigeria Plc, Zenith Bank Plc, Guaranty Trust Holdings […]
Transaction value on the floor of Nigerian Exchange (NGX) Thursday shed N46 billion. Specifically, market capitalisation of listed equities declined by 0.20 per cent to N22.056 trillion from N22.102 trillion reported the previous day. The NGX All Share Index also depreciated by 87.13 basis points to 42270.23 points from 43357.36 reported pm Wednesday. Investors traded […]
NGX trading Sentiments in the domestic bourse turned negative on Thursday with a loss of N46 billion due to profit-taking activities in top cement player – Dangote Cement. Specifically, the market capitalisation shed N46 billion or 0.21 per cent to close at N22.056 trillion from N22.102 trillion posted on Wednesday. Also, the All-Share Index lost […]
We had mentioned in previous week’s closing report that Nifty, Sensex headed up. The major indices opened lower this week and closed with losses as the US Federal Reserve declared tapering its accommodative stance and also raising interest rates in FY22. On Monday, the indices opened higher and ended with loss. On the National Stock […]
Nigerian Exchange Limited (NGX), has announced the results of its full-year market index review for the following indices – the NGX 30, NGX Lotus Islamic, NGX Pension, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index; and the five Sectoral Indices of The Exchange – NGX Banking, […]
Oando Plc has been included in crucial index of Nigeria’s 30 largest and most active companies, underlining the growing importance of the energy group as one of the most influential companies denoting the direction of the Nigerian economy. The Nigerian Exchange (NGX) yesterday published the results of its full-year market index review for the stock […]
By Dipo Olowookere The silent underground battle for the control of FBN Holdings Plc, the parent company of First Bank of Nigeria (FBN) Limited, is getting more interesting by the day. A few weeks ago, two billionaires, Mr Femi Otedola and Mr Tunde Hassan Odukale, were in the news over who truly is the single […]
By Adedapo Adesanya The year 2021 wrapped up at the NASD Over-the-Counter (OTC) Securities Exchange on an impressive note as the transactions value, volume and number of deals grew. In the year under review, the NASD bourse recorded trades worth N32.8 billion, 158.9 per cent higher than the N12.7 billion posted in 2020. Also, the […]
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