By Dipo Olowookere The Nigerian Exchange (NGX) Limited suffered a marginal 0.02 per cent loss on Monday following sell-offs in some equities like Eterna, MTN Nigeria, CWG, GTCO and others. Eterna and CWG closed the trading session as the worst-performing stocks after losing 10.00 per cent each to settle at N5.04 and 99 kobo respectively. […]
Tag: XNSA_MBENEFIT
Stock Market Close Lower on Profit-taking in Seplat, 17 Others
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday closed transactions on a negative note, as investors’ sell-off in Seplat Petroleum Plc, 17 other stocks down the market by 0.01 per cent. Specifically, the NGX All-Share Index declined by six basis points or 0.01 per cent to close at 47,262.61 basis points […]
Nigerian Equities Sustain Positive Vibes, Open Week Higher by 0.91%
By Dipo Olowookere The positive vibes seen at the Nigerian Exchange (NGX) Limited remained on Monday, January 31, 2022, with a further appreciation of 0.91 per cent. Data showed that buying pressure on Nigerian equities persistent at the last trading session of the first month of the new year, with interest in RT Briscoe, NGX […]
NGX gains N226 billion in last January trading
Nigerian Exchange [Photo Creadit: Business Live Nigeria] The nation’s bourse opened the week on Monday upbeat to close its last trading day in January with a gain of N226 billion driven by high demand for shares of MTN Nigeria Communications (MTNN). Specifically, the market capitalisation, which opened the week at N24.898 trillion inched higher by […]
Trading rebounds on NGX with N215 billion growth
Nigerian Exchange [Photo Creadit: Business Live Nigeria] The Nigerian stock market on Thursday returned to positive territory with capitalisation growing by N215 billion. The market capitalisation, which opened at N25.289 trillion inched higher by N215 billion or 0.85 per cent to close at N25.504 trillion. Also, the All-Share Index (ASI) increased by 399.14 points or […]
Dangote cement, 17 stocks lead NGX N280 billion loss
Dangote cement Transactions on the Nigerian Exchange Limited (NGX) closed on a downward note yesterday, occasioned by losses in shares of Dangote cement and 17 companies, causing market capitalisation to decline by N280 billion. At the close of trading yesterday, the All-Share Index declined by 520.76 per cent, representing a decrease of 1.12 per cent, […]
Stock Market Rebounds as CBN Maintains Status Quo on Rates
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) gained N6 billion, even as Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) maintained status quo on its rates. Members of the MPC voted unanimously to maintain the Monetary Policy Rate (MPR) at 11.5 per cent at its concluded meeting. Similarly, […]
Stock Market Advances By N6bn
The Nigerian stock market gained N6 billion, even as Monetary Policy Committee (MPC) maintained status quo. The MPC voted unanimously to maintain the Monetary Policy Rate (MPR) at 11.5 per cent at its concluded meeting. Similarly, the Committee also voted to retain the Cash Reserve Requirement (CRR) at 27.5 per cent, liquidity ratio at 30.0 […]
Stock Market Crosses N25trn Mark Amid Demand for Airtel Africa, Others
Kayode Tokede The stock market capitalisation of the Nigerian Exchange Limited (NGX) crossed the N25 trillion mark yesterday, supported by foreign investors’ demand for Airtel Africa stock that gained 10 per cent. In summary, the NGX All-Share Index (ASI) grew by 590.48 basis points or 1.29 per cent to close at 46,529.99 basis points from […]
NGX extends losing streak by N81 billion on sustained profit taking
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 […]