Nigerian Exchange Group (NGX) Heavy transactions in the shares of Transnational Corporation of Nigeria (Transcorp) Plc, Honeywell Flour Mill Plc and Access Bank Plc last week, lifted the volume of shares traded, as a turnover of 1.3 billion shares worth N8.7 billion was recorded in 19,830 deals by investors on the floor of the exchange. […]
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Stock market plunges further, investors lose N24bn
The equities market of the Nigerian Exchange Limited sustained its decline for the third straight day as investors lost N24.37bn at the end of trading on Wednesday. The NGX All-Share Index declined by 0.12 per cent, closing at 39204.52 basis points from 39,251.29bps the previous day, while the market capitalisation dropped from N20.45tn to N20.43tn. […]
AXA Mansard, Chams others lead Exchange’s N51 billion loss
NSE. Photo: AFRICANBUSINESSCENTRAL Sell-offs in many blue-chip stocks, especially, AXA Mansard and Chams, halted the two trading sessions of upbeat on the Nigerian Exchange Limited (NGX) to reopen on a downward note yesterday, as market capitalisation depreciated by N51 billion. In summary, the All-Share Index (ASI), which measures the performance of quoted companies dipped by […]
CBN Denies Failure to Remit 80% Operational Surpluses to CRF
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has denied the allegation put to it by the Senate that it failed to remit 80 per cent of its operational surpluses into the Consolidated Revenue Fund (CRF) in the last five years. This came from Mr Kingsley Obiora, CBN Deputy Governor in charge of Economic […]
Demand for Access Bank Stocks Lifts Market by 0.17%
By Dipo Olowookere The Nigerian Exchange (NGX) Limited rebounded on Thursday by 0.17 per cent following the rush for Access Bank Plc stocks by investors, especially the dividend hunters. After the close of trading activities on Wednesday, the lender released its much-anticipated earnings for the period ended June 2021 and it proposed the payment of […]
Investors earn N733 billion dividends in nine months
Investors Photo: PIXABAY Investors have received over N732 billion from dividend payout by 58 companies across 10 sectors listed on Nigerian Exchange Limited (NGX) in nine months. A breakdown of the N732.91 billion dividend paid so far by listed firms on the exchange showed that out of the 58 companies, 21 emerged from the financial […]
Buying surge in MTNN, GTCO, FBNH lifts NGX market cap with N25bn gains
Positive sentiments continued in the local bourse as major indicators showed bullish feeling as the market continued to witness bargain hunting for value stocks from investors who exited trading on Wednesday with N25 billion gains. Analysts at Afrinvest Research have, however, maintained that the bullish performance will be extended on the back of bargain hunting […]
Sell-Off In 15 Stocks Down Equities Market By N3bn
Trading activities on the Nigerian equities market yesterday closed with a decline of N3 billion, to extend the bearish sentiment to two consecutive trading days on sell-off in 15 stocks. Market watchers attributed the decline mostly to sell-off in the financial sectors, as investors lost N54 billion in two trading days. In summary, the All-Share […]
Nigerian stocks sink further amid sell-off of big-cap bank shares
NGX Nigerian stocks contracted for the third straight day on Wednesday as the benchmark index shed 0.12 per cent in a trade that saw investors take a risk-off disposition to bank shares. The slide principally resulted from losses recorded by Nigeria’s three biggest banks by market value – GTCO, Zenith and Stanbic IBTC. Only the […]
Nigerian Stock Exchange opens week negative, down by N3 billion
The market breadth closed negative with 20 losers, against 18 gainers [Reuters/Akintunde Akinleye] Trading at the domestic bourse started the week on Monday still on negative mood, taking the bearish sentiment to six consecutive trading sessions. The price depreciation was due to profit-taking sentiments in all the major sectors except the consumer goods and banking […]