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 […]
By Dipo Olowookere The last trading session of this week on the floor of the Nigerian Exchange (NGX) Limited ended on a negative note as the local bourse shed 0.34 per cent on Friday. Renewed profit-taking influenced the decline posted by Customs Street as traders offloaded equities mainly in the industrial and insurance sectors, causing […]
At the Nigerian Exchange Limited (NGX), on Tuesday, the benchmark index recouped previous day loss as a result of renewed bargain hunting activities. Specifically, the overall sentiments was buoyed by bargain buying in BUA Cement and BUA Foods stocks as the respective shares appreciated by 2.0 per cent and 4.2 per cent. Thus, the All-Share […]
Analysts from securities companies are optimistic of stock market uptrend this week on Dangote Cement Plc shares buy-back programme and positioning for 2021 full year financial results. Analysts Optimism Analysts at Cowry Assets Management Limited say they expect the equities market index to further rise as investors buy more shares, especially Dangote Cement Plc, as […]
The Nigerian Stock Exchange ended the week on a negative note as the value of shares traded last week reduced compared to the previous week. The value of shares traded last week dipped to N59.014 billion after investors paid for 2.027 billion shares in 15,750 deals the previous week. Naija News reports that this is […]
Nigerian stocks Nigerian stocks rose 0.58 per cent on Tuesday to reverse the loss reported the session before as bank stocks led by Ecobank Transnational Incorporated, GTCO and Access Bank as well as Dangote Sugar. Investors’ stronger risk appetite means trade volume scaled up by 10 per cent. BUA Foods was honoured with a closing […]
A report by the National Bureau of Statistics has shown how banks foreign inflow rapidly increased within the period of three years The report presented capital importation recorded within the years from banks to $38.18bn. Naija News understands from the report that the likes of Stanbic IBTC Bank, Standard Chartered Bank Nigeria, and Citibank Nigeria […]
Following renewed bargain hunting in the shares of some blue-chip companies, the Nigerian equities’ market reversed losses to close in an upbeat yesterday, causing market capitalisation to appreciate by N3 billion. In summary, the all-share index (ASI) grew by 6.17 absolute points, representing an increase of 0.01 per cent to close at 41,813.27 points. Similarly, […]
By Dipo Olowookere The last trading session of 2021 on the Nigerian Exchange (NGX) Limited ended on a high note with a 2.16 per cent growth on Friday, December 31. The growth recorded by Nigerian stocks was triggered by bargain hunting in Nestle Nigeria, MTN Nigeria and a few other blue-chip equities on the trading […]
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 […]
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