NGX building used to illustrate the story The nation’s bourse extended its losing streak on Friday by N81 billion on sustained profit taking. Specifically, the market capitalisation inched lower by N81 billion or 0.34 per cent to close at N23.951 trillion from N24.032 trillion recorded on Thursday. Also, the All-Share Index dipped 150.97 points or […]
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NGX: Index hits 44,000 mark on Dangote Cement surge
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 […]
Market capitalisation rises by N404 billion as bulls make rebound
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 […]
Market Capitalisation Drops by N238bn after Two-day Christmas Holidays
NGX Insurance Kayode Tokede The market capitalization of the Nigerian Exchange Limited (NGX) commenced trading yesterday after a two-day Christmas holiday, dropping by N238billion on the heels of investors’ profit-taking. The market resumed trading activities yesterday after the public holidays, Monday and Tuesday December 27th and 28th, 2021 declared by the federal government to mark […]
Stock Market Sheds N2bn On Investors’ Profit-taking
The Nigerian equities market yesterday shed N2 billion on investors’ profit taking in 15 stocks after the massive gaining streak recorded the previous day. The All-Share Index declined by 4.08 per cent, representing a decrease of 0.01 per cent, to close at 44,604.74 points. Similarly, the overall market capitalisation value lost N2 billion to close […]
NGX Closes Christmas Eve Positive As Market Capitalisation Rebounds By N17bn
December 24, (THEWILL) – After three days of persistent bearish mood, trading on the Nigerian Exchange Ltd (NGX) rebounded by N17 billion to close Christmas eve positive. Specifically, the market capitalisation rose by N17 billion or 0.08 percent to close on Friday at N22.060 trillion from N22.043 trillion achieved on Thursday. In the same vein, […]
Weekly Investment in Stocks Drops as Investors Monitor Environment
By Dipo Olowookere The decision of politicians to stir up the race to Aso Rock in 2023 very earlier in 2022 is already taking its toll on the stock market in Nigeria. Last week, former Governor of Lagos State and National Leader of the ruling All Progressives Congress (APC), Mr Bola Tinubu, declared his interest […]
Equities maintain bullish run, rise by 1.37% w/w
2019: Elections jitters, oil price volatility, dampen stock market outlook Sentiments in Nigeria’s stock market remained broadly bullish in the second trading week of the year as investors continued to select stocks with attractive dividend yields ahead of 2021 full year (FY) dividend declarations. This was even as the All-Share Index (ASI) rose by 1.37 […]
Equities reverse gains as NEM insurance, 14 stocks lead NGX N2bn loss
Equities reversed previous gains to close on a downturn yesterday, occasioned by losses from many blue-chip stocks, especially NEM insurance and Custodian and Allied Insurance, causing market capitalisation to decline by N2 billion. At the close of transactions on the Nigerian Exchange Limited (NGX), yesterday, market capitalisation of listed equities declined slightly by N2 billion […]
Equities rebound as index appreciates by 0.6 per cent
Equities Following gains recorded by virtually all the blue-chip stocks, the Nigeria Exchange Limited (NGX) rebounded yesterday, as the All-Share Index appreciated by 0.6 per cent Yesterday, the market capitalisation of listed equities increased by 0.6 per cent to N24.059 trillion from N23.921 trillion reported the previous day. The NGX All-Share Index also grew by […]