The Nigerian Exchange Limited (NGX) ended the month of October 2021 on a positive note amidst buy-interests and sell-pressures as the bulls dominated proceedings to suppress sell-pressures in the market. According to data from the Exchange, the ASI (All Share Index) appreciated by 4.52% to close the month of October at 42,038.60 points from 40,221.17 […]
A mutual fund is a scheme that pools funds or money from various investors and then uses the pooled funds to invest in different asset types on behalf of the many investors from whom the funds had been pooled. In most cases, the investor knows that he or she is invested in one mutual fund […]
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 […]
The Nigerian stock market, yesterday, closed transactions on a positive note to halt the bearish sentiment of two consecutive trading days, as capitalisation gained N382 billion. Market analysts stated that, the upturn was buoyed by buy-interest on blue-chip stocks of the industrial, consumer goods, and banking sectors. The All Share Index (ASI) increased by 733.30 […]
Nigerian Stock Exchange Stock Market Decline By N82.83bn On Profit-taking Transactions on the Nigerian equities market yesterday closed the first trading session of the week on a negative note with a decline of N82.83billion as profit-taking dominated all the major sectors. The overall market capitalisation dropped to N20.490 trillion from N20.57trillion it opened for trading, […]
On Wednesday, the Nigerian equities market halts the bearish trend as gains from high capitalised stock lift the market to a positive close. Despite trading in the negative zone for most of the day, late interest in bellwethers such as Nestle Nigeria, Dangote Cement and Presco ensured the market ended in the positive territory. Precisely, […]
Darasimi Adebisi Transactions on the Nigerian equities market yesterday closed the first trading session of the week on a negative note with a decline of N82.83billion as profit-taking dominated all the major sectors. The overall market capitalisation dropped to N20.490 trillion from N20.57trillion it opened for trading, while Nigerian Exchange Limited (NGX) All-Share Index (ASI) […]
The Nigerian equities market closed the trading week last Friday on a positive note as the Nigerian Exchange Limited (NGX) All Share Index or ASI rose by 0.23 per cent to close at 38,962.28pts. Similarly, the NGX-ASI closed up by 0.05 per cent week-to-date (WTD). At the close of trade last Friday, market breadth index […]
NGX Group trading floor The Nigerian bourse touched its peak volume level in months on Friday, with strength coming from tremendous trade activities in the shares of First Bank Holdings, which also reported its biggest daily volume since the inception of the year, accounting for 76 per cent of the total number of shares traded. […]
Monday, September 27, 2021 / 02:43 PM / by Afrinvest Research / Header Image Credit: Titan FX Market Last Week (Our Observations) In line with our expectations, the local bourse extended its positive performance as investor sentiment improved. Accordingly, the All-Share Index rose 5bps w/w to 38,962.28 points while YTD loss improved to -3.2% and […]
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