Sustained Sell Pressure Trims Stock Investors’ Wealth by N34bn By Dipo Olowookere The wealth of stock investors in Nigeria was trimmed by N34 billion on Thursday after the Nigerian Exchange (NGX) Limited further depreciated by 0.15 per cent. Sustained sell pressure extended the stay of the bears on Customs Street by another trading session as […]
Bearish sentiments dominated the local bourse last week, as the market recorded losses on four of the five trading sessions following profit-taking activities. Accordingly, the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) declined 53.74 points or 0.12 per cent week-on-week (W-o-W) to 43,199.27 basis points, just as investments of equities investors reduced by […]
By Dipo Olowookere It was a busy trading day on the floor of the Nigerian Exchange (NGX) Limited on Monday as the market closed 0.14 per cent higher, putting an end to the losses reported in the past three consecutive sessions. News of the acquisition of Honeywell Flour Mills by a rival company, Flour Mills […]
Trading on the Nigerian bourse opened on Monday on a positive note with turnover appreciating by 1,103.94 per cent due to off-market trade in Oando Plc. Specifically, a total of 2.40 billion units valued at N16.47 billion were exchanged by investors in 4,811 deals. This was in contrast with 199.52 million shares worth N3.26 billion […]
A total of six banks generated N64.27billion from maintaining customers’ current accounts in nine months of 2021, an increase 40.6 per cent from N45.7 billion reported in nine months of 2020. The six banks are Access bank Plc, Zenith Bank Plc, United bank for Africa, Guaranty Trust holding Company Plc, Sterling Bank Plc and Union […]
According to the Nigerian Exchange, there are over 156 listed firms with a total market capitalization of over N21 trillion While some companies’ stocks have made billions for shareholders, many are left to count their losses As the year draws to a conclusion, many people’s prospects of recovering are dwindling, while others will just have […]
The Nigeria Exchange Limited (NGX) has stated that trading of financial derivatives in Nigeria through the organised exchange will play a pivotal role in developing the nation’s bourse and the economy. Speaking at a virtual 6th Market Data Workshop, NGX Chief Executive Officer, Temi Popoola, said trading in derivatives aligns with the exchange’s commitment to […]
By Dipo Olowookere Investment in Nigerian equities last week waned by N22.2 billion or 64.2 per cent to N12.4 billion from N34.6 billion in the previous week as only 1.4 billion stocks were traded by investors in 23,987 deals in contrast to the 3.0 billion stocks transacted a week earlier in 25,932 deals. Business Post […]
Nigerian Stocks Exchange (NGX) Nigeria stocks lengthened their uptrend on Tuesday, helped in part by investors increasing demand for telco stocks as well as for conglomerates and financial services shares, a broad-based progress culminating in a N252.4 billion gain. MTNN and Airtel continued to command investors’ interest and were joined United Capital and UACN in […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday sustained its positive sentiment, gaining N252.42billion as investors renewed interest in Airtel Africa Plc and 23 others.. The market positive performance was driven by price appreciation in large and medium capitalised stocks which are; Airtel Africa, MTN Nigeria Communications (MTNN), Ardova, Lafarge Africa […]
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