By Dipo Olowookere Despite witnessing a positive investor sentiment, the Nigerian equities market closed flat on Tuesday, with the key performance indicators almost remaining unchanged at the close of transactions. The All-Share Index (ASI) was marginally higher by 1.54 points to 47,064.82 points from 47,063.28 points, while the market capitalisation was slightly up by N1 […]
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Equities rebound as capitalisation rises by N3 billion
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, […]
20 Worst Performing and Best Performing Nigerian Stocks in 2021
By Dipo Olowookere The year 2021 on the floor of the Nigerian Exchange (NGX) Limited was interesting because of some intrigues that occurred, especially towards the end. The year closed with a shocker when it was announced that a two-year-old bank, Titan Trust Bank, was acquiring a 104-year-old Union Bank of Nigeria. This was not […]
Nigerian Stock Exchange opens week negative, down by N3 billion
The market breadth closed negative with 20 losers, against 18 gainers [Reuters/Akintunde Akinleye] Trading at the domestic bourse started the week on Monday still on negative mood, taking the bearish sentiment to six consecutive trading sessions. The price depreciation was due to profit-taking sentiments in all the major sectors except the consumer goods and banking […]
NGX resumes September bearish as investors lose N18bn
[FILES] Stock market display The Nigerian stock market reopened for the month of September on a downturn, following sell-pressure in the shares of FTN Cocoa and 16 others, causing investors’ wealth to plunge further by N18 billion. Specifically, at the close of transactions on the Nigerian Exchange Limited (NGX) yesterday, the All-Share Index (ASI) dipped […]
Investors Lose N56bn As Equities Market Sustains Bearish Performance
Investors lost N56 billion in value as the Nigerian equities market yesterday sustained its bearish performance to end the last trading day in August 2021 on decline. Sell pressures in highly capitalised stocks brought the market lower by 0.27 per cent as market capitalisation declined to N20.434 trillion. The All Share Index (ASI) fell by […]
Profit-Taking Persist as Stock Market Drops by N18bn
Darasimi Adebisi Transactions on the Nigerian equities market yesterday closed on a negative note, taking the trading losses to the third consecutive day as investors’ profit-taking down market by N18 billion. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) dipped by 35.43 basis points, representing a decline of 0.09 per cent, to close at 39,184.18 […]
Profit-takingPersist as Stock Market Open Week on Negative Note
Darasimi Adebisi The Nigerian equities market yesterday closed transactions for the first day in the new week on a negative note. The price depreciation was due to investors’ profit-taking sentiments in all the major indices except the consumer goods and banking indices. Consequently, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) dropped by 6.16 basis […]
Market Sheds 0.02% as SCOA Nigeria Leads Losers’ Chart
Market Sheds 0.02% as SCOA Nigeria Leads Losers’ Chart By Dipo Olowookere Sustained profit-taking weakened the Nigerian Exchange (NGX) Limited by 0.02 per cent on Monday, leaving the All-Share Index (ASI) down by 6.16 points to 38,915.62 points from 38,921.78 points. Also, the selling pressure further depleted the market capitalisation yesterday by N3 billion to […]
NGX All Share Index gains 0.06% as UPDC, UCAP top week gainers
Nigerian Stock market closed the week on a slightly positive note as the performance index, All-Share Index recorded a marginal growth of 0.06% to close at 38,943.87 points on Friday, 17th September 2021 compared to 38,921.78 points recorded as the end of the previous week. This is contained in the weekly market report , for […]
