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 […]
As we review the general performance of the year 2021, it is crucial that we also weigh the performance of our equities investment against the average inflation rate of the year to help gauge the worthiness of such investments. The Nigerian Exchange Limited (NGX) closed the year on a positive note appreciating by 6.07% year […]
Nigerian Stock Market trade floor (Photo Credit: Bloomberg) The domestic equities market sustained its positive run on Thursday as demand for Lafarge Africa and FBN Holdings spurred a third consecutive gain in the market. Specifically, the All-Share Index inched higher by 131.19 points or 0.30 per cent to close at 43,607.94 from 43,476.75 posted on […]
BUA Cement Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) gained N70 billion on sustained bargain hunting in BUA Foods, Lafarge Africa, Nigerian Exchange Group (NGXGroup), UAC of Nigeria (UACN), United Capital and 20 other stocks. The appreciation drives NGX All Share Index (ASI) by 131.19 basis points or 0.30 per cent […]
Following gains recorded by many blue-chip companies, especially Airtel Africa and Oando, the equities market sustained a rising profile yesterday, as market capitalisation appreciated further by N450 billion. At the close of trading yesterday, the All-Share Index (ASI), which measures the performance of quoted companies, rose by 450.52 points or 1.0 per cent to 43,476.75 […]
As with most other years, 2021 brought fascinating developments in the financial market, especially as the path from the pandemic was far from certain. The performance of the financial market generally fell in line with expectations as fiscal and monetary stimulus packages resulted in a ‘pull to norm’. The equities market saw more domestic investors […]
Beer-maker Champion Breweries last paid a dividend in 1986, Golden Guinea Breweries 1997, Livestock Feeds 2001 and Union Dicon 2001. Fifty one out of the 156 firms quoted on the Nigerian Exchange Limited have not paid dividends in at least five years, with some reaching as far back as 26 years ago. That means roughly […]
Heightened political tension weakens market indices by 0.53% The year 2021, like most other years, brought enchanting developments to Nigeria’s capital market (NCM), especially as the COVID-19 pandemic seemed far from over. The country’s stock market had in 2020 witnessed closure of companies and offices which caused the postponement of annual general meetings (AGMs) of […]
Transaction value on the floor of Nigerian Exchange (NGX) Thursday shed N46 billion. Specifically, market capitalisation of listed equities declined by 0.20 per cent to N22.056 trillion from N22.102 trillion reported the previous day. The NGX All Share Index also depreciated by 87.13 basis points to 42270.23 points from 43357.36 reported pm Wednesday. Investors traded […]
NGX trading Sentiments in the domestic bourse turned negative on Thursday with a loss of N46 billion due to profit-taking activities in top cement player – Dangote Cement. Specifically, the market capitalisation shed N46 billion or 0.21 per cent to close at N22.056 trillion from N22.102 trillion posted on Wednesday. Also, the All-Share Index lost […]
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