Speculators in the local equities market again sold off on Wednesday as the share price of First Bank Holding declined marginally following the heavy activity on the stock in the course of the share purchase by Femi Otedola. Also, the sell pressure on Transcorp Hotels and International Breweries drove the NGX to a negative performance […]
The equities market of the Nigerian Exchange Limited sustained its decline for the third straight day as investors lost N24.37bn at the end of trading on Wednesday. The NGX All-Share Index declined by 0.12 per cent, closing at 39204.52 basis points from 39,251.29bps the previous day, while the market capitalisation dropped from N20.45tn to N20.43tn. […]
NSE. Photo: AFRICANBUSINESSCENTRAL Sell-offs in many blue-chip stocks, especially, AXA Mansard and Chams, halted the two trading sessions of upbeat on the Nigerian Exchange Limited (NGX) to reopen on a downward note yesterday, as market capitalisation depreciated by N51 billion. In summary, the All-Share Index (ASI), which measures the performance of quoted companies dipped by […]
By Dipo Olowookere The Nigerian Exchange (NGX) Limited rebounded on Thursday by 0.17 per cent following the rush for Access Bank Plc stocks by investors, especially the dividend hunters. After the close of trading activities on Wednesday, the lender released its much-anticipated earnings for the period ended June 2021 and it proposed the payment of […]
Positive sentiments continued in the local bourse as major indicators showed bullish feeling as the market continued to witness bargain hunting for value stocks from investors who exited trading on Wednesday with N25 billion gains. Analysts at Afrinvest Research have, however, maintained that the bullish performance will be extended on the back of bargain hunting […]
NGX Nigerian stocks contracted for the third straight day on Wednesday as the benchmark index shed 0.12 per cent in a trade that saw investors take a risk-off disposition to bank shares. The slide principally resulted from losses recorded by Nigeria’s three biggest banks by market value – GTCO, Zenith and Stanbic IBTC. Only the […]
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 […]
By Dipo Olowookere The bulls extended their stay on the floor of the Nigerian Exchange (NGX) Limited on Wednesday following a 0.12 per cent growth, which was largely driven by MTN Nigeria, GTCO, Oando and Honeywell Flour Mills. Business Post reports that despite the positive outcome of the market, investor sentiment still remained negative as […]
By Dipo Olowookere The volume of transactions witnessed at the local stock exchange last week increased by 312 million units or 30.41 per cent to 1.338 billion units from 1.026 billion units. Business Post reports that these trades were valued at N8.7 billion executed in 19,830 deals compared with the preceding week’s N8.2 billion carried […]
Mixed trading persisted on the Nigerian Exchange Ltd on Tuesday with the indices closing relatively flat with a loss of 0.004 per cent on improved market turnover. Specifically, the All-Share Index shed 1.60 points, representing 0.004 per cent, to close at 39,251.29 from 39,252.89 posted on Monday. Accordingly, month-to-date return and year-to-date loss stood at […]
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