Stock Market Down N98bn onSell-off in MTN, Zenith Bank, 31 Others

Stock Market Down N98bn onSell-off in MTN, Zenith Bank, 31 Others

NGX Group Kayode Tokede Investors’ profit-taking in MTN Nigeria, Zenith Bank Plc, 31 other stocks down the Nigerian Exchange Limited (NGX) by N98billion. The overall market capitalisation value yesterday lost N98 billion to close at N25.289 trillion from N25.387trillion it opened for trading. Consequently, the NGX All-Share Index declined by 180.5 basis points or 0.38 […]

Investors Lose N19.49bn on Profit-Taking in Presco, 20 Other Stocks

Investors Lose N19.49bn on Profit-Taking in Presco, 20 Other Stocks

Kayode Tokede Trading in the stock market of the Nigerian Exchange Limited (NGX) commenced the week yesterday with negative sentiments amid investors profit-taking in Presco Plc and 20 others. Specifically, the NGX All-Share Index (ASI) dropped by 37.35 basis points or 0.09 per cent, to close at 43,270.94 basis points from 43,308.29 basis points. Consequently, […]

NGX resumes week bearish, down by 0.38%

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, […]

FBN Holdings Tops Stock Market Activity Chart with 73.06m Shares

FBN Holdings Tops Stock Market Activity Chart with 73.06m Shares

FBN Holdings Darasimi Adebisi Transactions in the shares of FBN Holdings (FBNH) topped the activity chart with 73.062 million shares valued at N906.755 million on the Nigerian Exchange Limited (NGX) yesterday. Followed was Guaranty Trust Holding Company with 25.039 million shares worth N715.263 million, while Universal Insurance traded 22.771 million shares valued at N4.919 million. […]

Investors on NGX Gain N252.42bn as YTD Return Hits 8.59%

Investors on NGX Gain N252.42bn as YTD Return Hits 8.59%

Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday sustained its positive sentiment, gaining N252.42billion as investors renewed interest in Airtel Africa Plc and 23 others.. The market positive performance was driven by price appreciation in large and medium capitalised stocks which are; Airtel Africa, MTN Nigeria Communications (MTNN), Ardova, Lafarge Africa […]

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 […]

Profit-takingPersist as Stock Market Open Week on Negative Note

Profit-takingPersist as Stock Market Open Week on Negative Note

Darasimi Adebisi The Nigerian equities market yesterday closed transactions for the first day in the new week on a negative note. The price depreciation was due to investors’ profit-taking sentiments in all the major indices except the consumer goods and banking indices. Consequently, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) dropped by 6.16 basis […]