Nigerian stocks Nigerian stocks yielded 1.37 per cent in the just concluded week even though trade volume dropped by more than one-fifth. As investors, analysts and market-watchers look forward to release of full-year 2020 financials, the watchword for investors will be stocks with sound fundamentals , capable of delivering strong earnings. PREMIUM TIMES has assembled […]
Tag: XNSA_OANDO
Nigerian stocks post first 2022 loss as investors dump consumer goods’ shares
Floor of the Nigerian Stock Exchange Nigerian stocks depreciated by 0.09 per cent on Tuesday in their worst show since year start as investors dumped food and beverages stocks led by Nestle and Nigerian Breweries, and partial profit-booking weighed. Drop in the share prices of NGX Group and UBA strengthened the loss, with the underwhelming […]
Nigerian Exchange Grows 1.26% to Opens Week Positive
By Dipo Olowookere The first trading session of the week on the floor of the Nigerian Exchange (NGX) Limited finished on a positive note as it closed 1.26 per cent higher. The growth was influenced by buying interests in shares in the industrial goods sector, especially Dangote Cement and others. Consequently, the All-Share Index (ASI) […]
Nigeria: How More Domestic Investors Returned to Equities in 2021
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 […]
NGX Closes 0.34% Lower as Investor Sentiment Turns Negative
By Dipo Olowookere The Nigerian Exchange (NGX) Limited further closed bearish on Wednesday by closing 0.34 per cent lower on the back of sustained selling pressure. Business Post reports that shares in the banking, energy and industrial goods sectors were the major cause of the decline suffered by the local bourse at the midweek session. […]
NGX investors lose N7 billion amid Yuletide sell-offs
Preparations for Yuletide have continued to take a toll on the equities sector of the Nigerian Exchange Limited (NGX) as investors’ wealth depreciated further by N7 billion. Specifically, the All-Share Index declined by 13.74 per cent, representing a decrease of 0.03 per cent, to close at 42,230.48 points. Similarly, the overall market capitalisation value lost […]
NGX Sheds 1.77% as Investors Selloff UPDC, Dangote Cement
By Dipo Olowookere The Nigerian Exchange (NGX) Limited depreciated on Thursday by 1.77 per cent on the back of profit-taking in the shares of UPDC, Dangote Cement and 13 others. The duo lost 10.00 per cent each yesterday to close at N9.00 and N252.00 respectively, while Neimeth went down by 6.86 per cent to N1.63, […]
OANDO, UBA Are Incoming as NGX Reveals 2021 Review Results of Market Indices
Nigerian Exchange Limited (NGX), has announced the results of its full-year market index review for the following indices – the NGX 30, NGX Lotus Islamic, NGX Pension, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index; and the five Sectoral Indices of The Exchange – NGX Banking, […]
Oando joins Nigeria’s 30 largest active companies
Oando Plc has been included in crucial index of Nigeria’s 30 largest and most active companies, underlining the growing importance of the energy group as one of the most influential companies denoting the direction of the Nigerian economy. The Nigerian Exchange (NGX) yesterday published the results of its full-year market index review for the stock […]
Lafarge, Others Join Meristem Value Index as FBN, Honeywell Exit
By Dipo Olowookere Nigerian Exchange (NGX) Limited has rejigged its market indices, with some companies leaving and joining, according to a statement made available to Business Post . It was stated that the review became effective from Tuesday. January 4, 2022, and the affected indices are the NGX 30, NGX Lotus Islamic, NGX Pension, Corporate […]