High cap stocks’ loss pulls market down by 0.12% as Investors lose N29bn

High cap stocks’ loss pulls market down by 0.12% as Investors lose N29bn

Equities trading at the Nigerian Exchange Limited (NGX) on Monday was bearish as negative outing by some high capitalised stocks pushed the market lower. Specifically, the benchmark index dipped by 0.12 per cent to peg the All Share Index (ASI) at 44,399.66 basis points, bringing both the month-to-date and year-to-date outings to stand at 3.94 […]

Nigerian stocks post first 2022 loss as investors dump consumer goods’ shares

Nigerian stocks post first 2022 loss as investors dump consumer goods’ shares

Floor of the Nigerian Stock Exchange Nigerian stocks depreciated by 0.09 per cent on Tuesday in their worst show since year start as investors dumped food and beverages stocks led by Nestle and Nigerian Breweries, and partial profit-booking weighed. Drop in the share prices of NGX Group and UBA strengthened the loss, with the underwhelming […]

NGX investors lose N7 billion amid Yuletide sell-offs

NGX investors lose N7 billion amid Yuletide sell-offs

Preparations for Yuletide have continued to take a toll on the equities sector of the Nigerian Exchange Limited (NGX) as investors’ wealth depreciated further by N7 billion. Specifically, the All-Share Index declined by 13.74 per cent, representing a decrease of 0.03 per cent, to close at 42,230.48 points. Similarly, the overall market capitalisation value lost […]