The market loss was driven by price depreciation in large and medium capitalised stocks [Reuters/Akintunde Akinleye] Specifically, the market capitalisation which opened at N19.626 trillion lost N34 billion to close at N19.592 trillion. Also, the NGX All-Share Index dropped by 73.01 points or 0.19 per cent to close at 37,585.25, from 37,658.26 achieved on Friday. […]
Tag: XNSA
Late filing: NGX slams N719.7m fine on Conoil, others
The Nigerian Exchange Limited has imposed a total penalty of N719.7m on 14 companies listed on the stock market for late filing of their audited and interim financial statements. The NGX disclosed this under the ‘2021 default filings’ section of a report obtained by our correspondent on Tuesday. The companies that filed their financial statements […]
Exxon Mobil Corp. stock rises Wednesday, outperforms market
Company Logo Shares of Exxon Mobil Corp. XOM, -2.77% inched 0.73% higher to $63.08 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, -0.75% rising 0.13% to 4,297.50 and the Dow Jones Industrial Average DJIA, -0.86% rising 0.61% to 34,502.51. The stock’s rise […]
NGX closes mildly negative from mixed trading with market cap at N19.72trn
The Nigerian equities market closed mildly negative on Tuesday after recording a bearish outing in the previous trading session, leaving the benchmark index down by 0.002 percent on 37,857.24 points while market capitalisation and its year to date loss remain unchanged at N19.72 trillion and -6.0 percent, respectively. Just as was recorded at the opening […]
Nigeria equities reverse loss with trading upbeat in DangSugar, FCMB, Union Bank
An upbeat in trading activities in the shares of Dangote Sugar (+4.2%), Union Bank (+3.7%), and FCMB (+8.1%) on Tuesday helped to claw back losses in the domestic equities market resulting in a gain of about N31 billion as market capitalisation rose to N19.623 trillion from N19.592 trillion recorded in the previous day’s close. The […]
Seplat Petroleum Development Company changes name to Seplat Energy Plc.
The Nigerian Exchange Limited has notified trading license holders, investors and other relevant stakeholders of the implementation in the change of name of Seplat Petroleum Development Company Plc (the Company) to Seplat Energy Plc. The recent development is in line with the consensus reached at the recently concluded Annual General Meeting of the company held […]
Bears grip equities as transactions decline by 25.2%
NGX Group records N670bn bonds YTD Despite predictions that Nigeria’s equities market would start the week on a positive footing, bearish sentiments dominated the market as the volume of transactions on the floor of the Nigerian Exchange Limited (NGX) fell by 25.22 per cent week-on-week (w/w). With investors liquidating their holdings to cash out the […]
Trading Value Falls as Investors Adopt Cautious Trading
Goddy Egene Both volume and value of trading at the stock market fell last week as investors continued with profit-taking and cautious approach while waiting for the release of half year corporate results. The volume of trading fell by 25 per cent from 1.348 billion shares worth N12.140 billion to 1.008 billion shares valued at […]
Nigerian stocks halt short-lived rally as consumer goods shares lead retreat
Nigerian stocks inched down by 0.01 per cent on Thursday, partly surrendering parts of the paltry gain posted at Wednesday’s trade, as investors cringed mostly from consumer goods equities, stoking worries as to how soon the downturn in the market would end. Greater volumes of shares in beer-maker Nigerian Breweries , UPDC, Vitafoam, GTCO and […]
Renewed bargain hunting lifts NGX capitalisation by N8 billion
Nigerian Exchange Group (NGX) The Nigerian Exchange Limited (NGX) halted three consecutive days of trading losses as renewed bargain hunting in most blue-chip stocks lifted market capitalisation by N8 billion. At the close of transactions yesterday, the All-Share Index (ASI) increased by 15.31 absolute points, representing a growth of 0.04 per cent to close at […]