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 […]
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. […]
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 […]
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, […]
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 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 […]
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 […]
Nigerian stocks saw their combined market value fall by N391.32bn at the end of trading on Thursday as Dangote Cement Plc and 14 others recorded price losses. The NGX All-Share Index dropped by 1.77 per cent to close at 41,685.22 basis points, while the market capitalisation slumped by N391.32bn to N21.75tn. The market activities on […]
Trading activities on the floor of Nigerian Exchange (NGX) Thursday sustained declining position as valued of equities close southwards, shedding N71 billion. Specifically, market capitalisation of listed equities declined further by N7 billion or 0.03 per cent to N22.043 trillion from N22.050 trillion reported the previous day. The NGX All Share Index also depreciated by […]
Seplat Energy Kayode Tokede Seplat Energy Plc on Thursday December 23 notified the Nigerian Exchange Limited (NGX) that its Board has terminated the contract of appointment of Austin Avuru as a Non-Executive Director. Seplat Energy told the NGX that Avuru’s appointment was terminated on December 22, 2021, “due to breaches of the Company’s corporate governance […]
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