Twenty-three companies listed on the Nigerian Exchange Limited recorded year-on-year losses worth N105.78bn in their market capitalisation as the half-year period ended in June. According to data from the NGX available to our correspondent, 23 firms led by CWG Plc failed to increase their share prices after a year of trading between June 30, 2020 […]
Investors lost N360bn on Tuesday at the end of trading on the floor of the Nigerian Exchange Limited as the stock market extended its decline. The NGX All-Share Index fell by 1.81 per cent to close at 37,847.07 basis points from 38,545.3bps on Monday, while the market capitalisation dropped to N19.73tn from N20.09tn. A total […]
The Nigerian stock market gained N290bn at the end of trading last week as the All-Share Index of the Nigerian Exchange Limited rose by 1.48 per cent to 38,212.01 basis points. The market capitalisation increased to N19.92tn on Friday from N19.63tn the previous week. According to Cordros Research, buying interest in Nestle Nigeria Plc and […]
Nigerian stocks saw further slide on Monday, shedding 0.19 per cent as traders continued to make profit-taking efforts, heaping more pressure on equities that fell by more than half a trillion in the week that just went by. Sell-offs in the shares Airtel Africa, Zenith and FBN Holdings weighed most on performance. Market breadth, which […]
Nigerian equities expanded by 0.71 per cent on Wednesday, extending the gain recorded at the previous session in an advance dominated by blue-chip consumer goods shares. Food giant Nestle , Vitafoam, Flour Mills, Unilever and Honeywell Flour contributed hugely to the run. Market breadth was negative as 20 gainers emerged against 16 laggards. The all-share […]
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 […]
Nigerian stocks fell a little on Thursday, trading down 0.02 per cent as sell-offs in the shares of GTCO and Oando helped set in motion a loss in the sum of N4 billion. The development followed two straight days of gain by the bourse, which has now fallen by 5.89 per cent so far this […]
The Nigerian equities market closed mildly negative on Tuesday after recording a bearish outing in the previous trading session, leaving the benchmark index down by 0.002 percent on 37,857.24 points while market capitalisation and its year to date loss remain unchanged at N19.72 trillion and -6.0 percent, respectively. Just as was recorded at the opening […]
An upbeat in trading activities in the shares of Dangote Sugar (+4.2%), Union Bank (+3.7%), and FCMB (+8.1%) on Tuesday helped to claw back losses in the domestic equities market resulting in a gain of about N31 billion as market capitalisation rose to N19.623 trillion from N19.592 trillion recorded in the previous day’s close. The […]
Nigerian stocks inched down by 0.01 per cent on Thursday, partly surrendering parts of the paltry gain posted at Wednesday’s trade, as investors cringed mostly from consumer goods equities, stoking worries as to how soon the downturn in the market would end. Greater volumes of shares in beer-maker Nigerian Breweries , UPDC, Vitafoam, GTCO and […]
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