[FILES] Nigerian Exchange Group (NGX). Photo/facebook/ngxgroup Trading activities on the floor of the Nigerian Exchange (NGX) sustained a sliding profile yesterday due to losses in the shares of many blue-chip firms, especially MRS and Chams, causing market capitalisation to depreciate further by N71 billion. Specifically, market capitalisation of listed equities declined by 0.31 per cent […]
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ELECTRICITY: Transcorp targets 843MW available capacity
T ransnational Corporation of Nigeria (Transcorp) Plc has disclosed plans to increase the combined available capacity at Transcorp Power Limited (TPL) and Trans Afam Power Limited (TAPL) to 843 megawatt (MW) with the completion of the ongoing upgrade and repairs in both power plants. Specifically, the company said it plans to raise average available capacity […]
UBA, Access Bank, Jaiz Bank among top 10 stocks to watch
INVESTORS seeking competitive and stable returns should consider a portfolio of value stocks in financial services, oil and gas, manufacturing, telecommunications and agriculture. In its latest “Top Picks”, FSDH Capital, an investment banking group, selected 10 stocks that provide reasonable assurance of returns as the full-year earnings cycle draws near. The model portfolio by analysts […]
Microfinance Bank Beats Dangote as List of Largest Employers of Labour in Nigeria for 2021 is Revealed
For many years, the subject of who is Nigeria’s largest employer of labour has been a popular topic While Nigerians strongly believe Dangote is the largest employer and could well be but a recent report shows it is not among the top five The Nigerian banking sector continues to remain a go-to place for many […]
Equities rebound, lift indices by 0.09 per cent
Bargain-hunting in many blue-chip stocks, especially Red Star Express and Meyer, aided the Nigeria Exchange Limited’s (NGX) rebound yesterday, as the All-Share Index (ASI) increased by 0.09 per cent. Specifically, at the close of transactions yesterday, the ASI rose by 39.84 absolute points, representing a growth of 0.09 per cent to close at 42,357.36 points. […]
Equities record marginal loss
Trading activities on the floor of the Nigerian Exchange Limited (NGX), yesterday, witnessed a drop in share prices as bears regained grip following profit taking. The stock market had, during the previous day, recorded appreciable gain. The market breadth closed positive with 21 gainers against 16 losers. Consequently, the NGX All-Share Index dipped 6.14 basis […]
Day trading guide for Wednesday: 8 stocks to buy or sell today — 15th December
Day trading guide for Wednesday: Indian stock market shifted into a consolidation movement on Tuesday post-sharp weakness of Monday. Nifty 50 went off 43 points and closed at 17,324 levels whereas BSE Sensex shed 166 points and closed at 58,117 levels. Nifty Bank lost 31 points and closed at 36,893 mark. According to stock market […]
NGX resumes week bearish, down by 0.38%
The Nigerian Stock Exchange building (image used for illustration) [Reuters/Akintunde Akinleye] Activities in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure. Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from 42,167.91 on Friday. Consequently, […]
Market in bearish round up as NGX records N75 billion loss
The domestic equities market sustained its bearish trend on Wednesday due to losses recorded by MTN Nigeria Communications (MTNN) and 13 others. Specifically, the market capitalisation inched lower by N75 billion or 0.34 per cent to close at N22.050 trillion from N22.125 trillion recorded on Tuesday. Also, the All-Share Index lost 144.35 points or 0.34 […]
Gain in Dangote Cement Shares Positively Impact NGX Index by 0.20%
By Dipo Olowookere The Nigerian Exchange (NGX) Limited appreciated by 0.20 per cent on Friday, driven gain in Dangote Cement shares and others during the session. The All-Share Index (ASI) increased yesterday by 83.08 points to 42,353.31 points from 42,270.23 points, while the market capitalisation rose by N50 billion to N22.107 trillion from N22.057 trillion. […]