Stocks that helped the market’s positive start to a new month include Seplat Energy Plc, Conoil Plc, Academy Press Plc, RT Briscoe Plc and Presco Plc. Nigeria’s equities market opened month of February on a positive note (+1.04percent or N262billion), pushing higher this year’s positive return to +10.29percent. Stocks that helped the market’s positive start […]
By Dipo Olowookere The shares of RT Briscoe increased by 40.00 per cent on the floor of the Nigerian Exchange (NGX) Limited last week, closing at 28 kobo per unit, giving shareholders of the company something to smile about. It led 42 equities on the gainers’ chart in the five-day trading week, lower than the […]
Investors, this week will continue to position for dividend-paying stocks, triggering more bargain-hunting activities on the equities sector of the Nigerian Exchange Limited (NGX). Analysts Optimism In the short term, analysts at Cordros Securities Limited expected the bulls to continue to rotate their portfolio towards dividend-paying stocks ahead of 2021 full year dividend declarations, even […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) gained N6 billion, even as Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) maintained status quo on its rates. Members of the MPC voted unanimously to maintain the Monetary Policy Rate (MPR) at 11.5 per cent at its concluded meeting. Similarly, […]
Gains recorded by many blue chip stocks lifted the Nigerian equities market yesterday, as market capitalisation appreciated by N6 billion. Yesterday, market capitalisation of listed equities increased by N6 billion to N24.755 trillion from N24.749 trillion reported on Monday. Also, the All-Share Index (ASI) appreciated by 11.24 basis points from 45928.27 points traded on Monday […]
The Nigerian stock market gained N6 billion, even as Monetary Policy Committee (MPC) maintained status quo. The MPC voted unanimously to maintain the Monetary Policy Rate (MPR) at 11.5 per cent at its concluded meeting. Similarly, the Committee also voted to retain the Cash Reserve Requirement (CRR) at 27.5 per cent, liquidity ratio at 30.0 […]
Kayode Tokede The stock market capitalisation of the Nigerian Exchange Limited (NGX) crossed the N25 trillion mark yesterday, supported by foreign investors’ demand for Airtel Africa stock that gained 10 per cent. In summary, the NGX All-Share Index (ASI) grew by 590.48 basis points or 1.29 per cent to close at 46,529.99 basis points from […]
NGX Group Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday resumed trading for 2022 on a positive note as it gained N887 billion in market capitalisation. . The All Share Index (ASI) rose by 309.79 points, representing an increase of 0.72 per cent to close at 43,026.23 basis points, while the […]
Nigerian Exchange [Photo Creadit: Business Live Nigeria] The bulls resurfaced on the Nigerian Exchange Ltd. on Wednesday, with the All-Share Index hitting the 44,000 mark following investors’ interest in Dangote Cement and 23 others. Specifically, the All-Share Index inched higher by 749.52 points or 1.71 per cent to close at 44,608.82 from 43,859.30 achieved on […]
The bulls regained dominance on the equities sector of the Nigerian Exchange Limited (NGX), as many blue-chip companies recorded price appreciation, causing market capitalisation to surge by N404 billion. Nigerian Exchange Limited (NGX) Specifically, at the close of transactions yesterday, the market capitalisation of listed equities increased by 1.71 per cent to N24.034 trillion from […]
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