The Nigerian Exchange Limited (NGX) All Share Index (ASI) decreased to 47,203.39 points from 47,279.92 points while the value of listed stocks dropped to N25.436trillion, from N25.477trillion. Nigeria’s stock market opened this new week on a negative note, driven majorly by declines in prices of Okomu Oil Palm Plc , NEM Insurance Plc, Pharma Deko, […]
Investors at the Nigerian capital market parted with N19.614 billion to trade 1.785 billion shares in 27,822 deals this week. This surpassed the N19.08 billion coughed out by investors in exchange for 1.448 billion shares in 22,557 deals last week. Top NGX performing sector The Financial Services Industry was the top trading sector based on […]
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 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, […]
By Dipo Olowookere The Nigerian Exchange (NGX) Limited depreciated by 1.12 per cent on Thursday as investors booked profit in Dangote Cement, Oando, FBN Holdings, Ardova and 14 other stocks. From the analysis of the trading details, industrial goods, insurance and energy sectors were the major drivers of the loss as they shed 3.25 per […]
By Dipo Olowookere The first trading session of the new week on the floor of the Nigerian Exchange (NGX) Limited ended on a negative note after a 0.16 per cent loss on Monday. The lowering of the NGX index was majorly due to price depreciation in Okomu Oil, Oando, GTCO, MTN Nigeria, FBN Holdings and […]
Following price losses in many blue-chip stocks, especially Okomu oil and NEM Assurance, the Nigerian Exchange (NGX) reopened on a downturn yesterday, market capitalisation declined by N41 billion. At the close of trading yesterday, the All-Share Index declined by 76.53 per cent, representing a decrease of 0.16 per cent, to close at 47,203.39 points. Similarly, […]
Oando Plc has announced the appointment of Mrs Ronke Sokefun and Mrs Nana Mede as independent non-executive directors effective December 23. The company notified the public of the new appointments in a statement issued by its Head of Corporate Communications, Alero Balogun. The statement, titled ‘Notification on the appointment and resignation of directors,’ said “The […]
Following renewed profit taking activity, the equities market halted five days gaining streak to close on a downturn yesterday, causing market capitalisation to plunge by N20 billion. Specifically, at the close of trading yesterday, the NGX All-Share Index depreciated by 37.83 basis points to 43859.30 points from 43897.13 points reported the previous day. Similarly, market […]
Top stocks to watch this week At last, the earnings season is here, heralded by the issuing of Living Trust Mortgage Bank’s full year 2021 financial report on Friday. The impressive performance of the lender is expected to lift the spirit of investors this week as the market awaits more results. Before making investment decisions, […]
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