Bears sustain dominance as capitalisation dips further by N47bn

Bears sustain dominance as capitalisation dips further by N47bn

[FILES] Photo/facebook/ngxgroup The bears maintained dominance on the equities sector of the Nigerian Exchange Limited, (NGX) for the second successive session yesterday, as many blue-chip stocks depreciated in price, resulting in a further decline in market capitalisation by N47 billion. In summary, the All-Share Index (ASI) declined by 87.81 absolute points, representing a decrease of […]

Equities reopen bearish as 23 stocks lead NGX N41 billion loss

Equities reopen bearish as 23 stocks lead NGX N41 billion loss

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, […]

Stock Market Drop N280bn on Profit-taking in Dangote Cement, 17 Others

Stock Market Drop N280bn on Profit-taking in Dangote Cement, 17 Others

Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday dropped by N280billion on investors’ profit taking in Dangote Cement and 17 others. The NGX All-Share Index declined by 520.76 basis points or 1.12 per cent, to close at 46,009.23 points. Similarly, the overall market capitalisation value lost N280 billion to close at […]