Nigerian Exchange Group (NGX) The Nigerian Exchange Limited (NGX) extended bearish sentiment to two trading sessions yesterday, as sustained sell-pressure in the shares of many insurance companies dragged the All-Share Index (ASI) further by 0.01 per cent. Specifically, the All-Share Index (ASI) dipped by 5.34 absolute points, representing a marginal decrease of 0.01 per cent […]
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Nigeria: Stock Market Close Lower On Profit-Taking in Banks, Insurance Shares
The Nigerian equities market commenced the week on a negative note yesterday following drive by investors to take profit in banking and insurance shares. Accordingly, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) dropped by 37.45 basis points, representing a decline of 0.10 per cent, to close at 38,906.42 basis points. Similarly, the market capitalization […]
Market Capitalisation Up N2bn as Stock Market Ends Bearish Trend
Darasimi Adebisi The Nigerian equities market yesterday closed trading activities in the green, to halt the six-days of consecutive bearish trend. The market upturn was due to investors’ renewed buying interest in the Financial and Industrial sectors, as capitalisation gained N2 billion. In summary, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) grew by 4.88 […]
Nigeria: Sell-Sentiment On Insurance, Industrial Goods Sectors Drags Stock Market Lower By U.S.$123 Million
The Nigerian equities market yesterday closed transactions on a negative sentiment to halt the bullish sentiment of two consecutive trading sessions at the close of trade last Friday, as investors lost N51.03billion. The downturn was buoyed by investors’ sell-sentiment on the Insurance and Industrial Goods sector. In summary, the Nigerian Exchange Limited (NGX) All-Share Index […]
NGX sustains sliding profile as capitalisation dips further by N17bn
Nigerian Exchange Group (NGX) Despite price gains that outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) sustained a sliding profile yesterday, causing market capitalisation to dip further by N17 billion. Yesterday, the All-Share Index (ASI) shed 32.57 absolute points, representing a decrease of 0.08 per cent to close at 38,873.85 […]
Stock market gains N10bn as 28 firms rise
Equity investors on the Nigerian Exchange Limited, formerly Nigerian Stock Exchange, gained N9.59bn at the end of trading on Friday with 28 companies recording growth in their share prices. The NGX All-Share Index and market capitalisation appreciated by 0.05 per cent to close the week at 38,962.28 basis points and N20.30tn respectively from 38,943.87bps and […]
Sell-sentiment on Insurance, Industrial Goods Sectors Drags Stock Market Lower by N51.03bn
Darasimi Adebisi The Nigerian equities market yesterday closed transactions on a negative sentiment to halt the bullish sentiment of two consecutive trading sessions at the close of trade last Friday, as investors lost N51.03billion. The downturn was buoyed by investors’ sell-sentiment on the Insurance and Industrial Goods sector. In summary, the Nigerian Exchange Limited (NGX) […]
Capital market closes H1 upbeat, as capitalisation rises by N139b
Capital market. Photo: SHUTTERSTOCK The capital market closed trading for the First Half (H1) yesterday, in an upbeat as price gains outweighed losses, leading to an appreciation in the market capitalisation by N139 billion. At the close of trading, the all-share index (ASI) grew by 266.53 absolute points, representing an increase of 0.71 per cent […]
Investors earn N147b as interest in dividend-paying stocks persists
Nigerian Exchange Group (NGX) The increasing appetite for interim dividend-paying stocks has continued to propel transactions across all sectors on the Nigerian Exchange Limited (NGX), as investors’ wealth soared by N147 billion in three trading days. Specifically, the market capitalisation, which stood at N19.923 trillion when the market reopened for trading on Monday, rose by […]
Stocks rise for fourth straight day, gain N314.2bn
The market capitalisation of equities listed on the Nigerian Exchange Limited rose on Wednesday for the fourth straight trading day, gaining a total of N314.20bn. At the end of trading on the floor of the NGX on Wednesday, the All-Share Index increased by 0.22 per cent to 38,418.04 basis points from 38,418.04 on Tuesday. The […]