Investors’ wealth dips further by N25b in bearish trading

Investors’ wealth dips further by N25b in bearish trading

Nigerian Exchange Group (NGX) Following sustained sell-off in the shares of most highly capitalised stocks, the Nigeria Exchange Limited (NGX), extended losses to three consecutive trading sessions yesterday, as investors’ wealth depreciated further by N25 billion. At the close of trading yesterday, the All-Share Index (ASI), dipped by 46.77 absolute points, representing a decline of […]

Nigeria: Stock Market Close Lower On Profit-Taking in Banks, Insurance Shares

Nigeria: Stock Market Close Lower On Profit-Taking in Banks, Insurance Shares

The Nigerian equities market commenced the week on a negative note yesterday following drive by investors to take profit in banking and insurance shares. Accordingly, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) dropped by 37.45 basis points, representing a decline of 0.10 per cent, to close at 38,906.42 basis points. Similarly, the market capitalization […]

Stock market rebounds as index appreciates by 0.2 per cent

Stock market rebounds as index appreciates by 0.2 per cent

Nigerian Exchange Group (NGX) The Nigerian equities market reversed losses to close in an upward note yesterday, as the All-Share Index appreciated by 0.2 per cent. Specifically, the All-Share Index (ASI) grew by 68.01 absolute points, representing a rise of 0.2 per cent, to close at 39,252.19 points. Similarly, the overall market capitalisation value gained […]

Buying Interest in MTN Nigeria, 13 Others Lift Stock Market by N24.92bn

Buying Interest in MTN Nigeria, 13 Others Lift Stock Market by N24.92bn

Darasimi Adebisi The Nigeria equities market yesterday sustained prior day’s gains by N24.92 billion, due to buying interest in MTN Nigeria Communications (MTN) and 13 others. At the close of trade, the Nigerian Exchange Limited (NGX) All Share Index (ASI) increased by 47.84 basis points, representing a growth of 0.12 per cent to close at […]

Buy-interest In GTCO, Oando, Others LiftStock Market by N11bn

Buy-interest In GTCO, Oando, Others LiftStock Market by N11bn

Darasimi Adebisi The equities market of the Nigerian Exchange Limited (NGX) yesterday closed trading activities on a positive note, halting the three consecutive trading losses as investors’ investment went up by N11 billion. The positive performance was driven by investors’ buy-interest in Insurance, Oil & Gas, and Consumer Goods stocks listed on the NGX. Consequently, […]

NGX ends August bearish as capitalisation dips further by N56bn

NGX ends August bearish as capitalisation dips further by N56bn

Nigerian Exchange Group (NGX) Transactions on the Nigerian Exchange Limited (NGX) sustained a sliding profile yesterday, to end trading for the month of August lower, as sell-pressure in highly capitalised stocks dragged market capitalisation further by N56 billion. Specifically, at the close of transactions yesterday, the All Share Index (ASI) fell by 107.06 points or […]

Stock Market Decline by N82.83bn on Profit-taking in Dangote Cement, 17 others

Stock Market Decline by N82.83bn on Profit-taking in Dangote Cement, 17 others

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) […]

Nigeria: Sell-Sentiment On Insurance, Industrial Goods Sectors Drags Stock Market Lower By U.S.$123 Million

Nigeria: Sell-Sentiment On Insurance, Industrial Goods Sectors Drags Stock Market Lower By U.S.$123 Million

The Nigerian equities market yesterday closed transactions on a negative sentiment to halt the bullish sentiment of two consecutive trading sessions at the close of trade last Friday, as investors lost N51.03billion. The downturn was buoyed by investors’ sell-sentiment on the Insurance and Industrial Goods sector. In summary, the Nigerian Exchange Limited (NGX) All-Share Index […]

Champion Breweries, Eterna others drag capitalisation by N83b

Champion Breweries, Eterna others drag capitalisation by N83b

Nigerian Exchange Group (NGX) The Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses incurred by most blue-chip stocks, especially by Champion Breweries and Eterna Plc, as market capitalisation depreciated by N83 billion. The All-share index slumped by 158.98 points to 39,326.67 from 39,485.65 posted on Friday. Similarly, market capitalisation of […]