NGX closes bearish as UPDC, NEM others drag index by 0.01%

NGX closes bearish as UPDC, NEM others drag index by 0.01%

Despite price gains that outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) closed on a downward note yesterday, as the All-Share Index (ASI) depreciated by 0.01 per cent. Specifically, the ASI declined by 4.99 absolute points, representing a decrease of 0.01 per cent, to close at 43,255.14 points. However, the […]

Stock Market Appreciates Marginally by N596.41m as CBN Retain MPR

Stock Market Appreciates Marginally by N596.41m as CBN Retain MPR

NGX Insurance Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) appreciated marginally by N596.41 million amid the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) retaining all policy parameters in order to further boost the nation’s economic growth. The MPC members unanimously voted yesterday to retain Monetary Policy Rate […]

Unity Bank, Dangote Sugar Among List of Companies Stocks Underperforming on the Nigerian Exchange

Unity Bank, Dangote Sugar Among List of Companies Stocks Underperforming on the Nigerian Exchange

According to the Nigerian Exchange, there are over 156 listed firms with a total market capitalization of over N21 trillion While some companies’ stocks have made billions for shareholders, many are left to count their losses As the year draws to a conclusion, many people’s prospects of recovering are dwindling, while others will just have […]

Profit-Taking Persist as Stock Market Drops by N18bn

Profit-Taking Persist as Stock Market Drops by N18bn

Darasimi Adebisi Transactions on the Nigerian equities market yesterday closed on a negative note, taking the trading losses to the third consecutive day as investors’ profit-taking down market by N18 billion. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) dipped by 35.43 basis points, representing a decline of 0.09 per cent, to close at 39,184.18 […]

Market Capitalisation Up N2bn as Stock Market Ends Bearish Trend

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: Profit-Taking Persist As Stock Market Commences Week On Negative Note

Nigeria: Profit-Taking Persist As Stock Market Commences Week On Negative Note

The Nigerian equities market yesterday closed on a negative note, to halt the two consecutive days of positive sentiment trading by investors at the close of business the previous week. At the close of trading yesterday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) declined by 8.12 basis points, representing a drop of 0.02 per […]