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 […]
Following gains by some blue-chip stocks, the Nigerian Exchange (NGX) Limited sustained an uptrend trend yesterday, pushing the market capitalisation to close at N20.027 trillion. The All-Share Index (ASI) grew by 198.03 absolute points, representing an increase of 0.52 per cent to close at 38,418.04 points. Similarly, the overall market capitalisation value gained N104 billion […]
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 […]
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 […]
The Nigerian equities market made a rebound on Wednesday from the loss it made on Tuesday with a gain of about N8 billion as a result of buying interest in MTN Nigeria (+0.6%), Total Energies (+6.1%) and First Bank Holding (+0.7%). The benchmark index therefore rose 0.04 percent to 37,872.55 points, and the market year […]
Nigerian stocks scraped a paltry 0.04 per cent gain Wednesday to post their first appreciation this week. The climb rode on the back of appreciation in the shares of MTN and energy heavyweight Total. The size dwindled a little from the figure reported the session before , raising concerns about the liquidity crisis that has […]
The market loss was driven by price depreciation in large and medium capitalised stocks [Reuters/Akintunde Akinleye] Specifically, the market capitalisation which opened at N19.626 trillion lost N34 billion to close at N19.592 trillion. Also, the NGX All-Share Index dropped by 73.01 points or 0.19 per cent to close at 37,585.25, from 37,658.26 achieved on Friday. […]
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 Exchange Group (NGX) The Nigerian Exchange Limited (NGX) halted three consecutive days of trading losses as renewed bargain hunting in most blue-chip stocks lifted market capitalisation by N8 billion. At the close of transactions yesterday, the All-Share Index (ASI) increased by 15.31 absolute points, representing a growth of 0.04 per cent to close at […]
Stock Exchange Bears’ dominance has remained unabated on the Nigerian Exchange Limited (NGX), as more bluechip stocks recorded price depreciation, causing the All-Share Index (ASI) to drop further by 0.19 per cent. Yesterday, the ASI dropped by 73.01 absolute point, representing a decline of 0.19 per cent to close at 37,585.25 points while the overall […]
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