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 […]

Equities lose momentum as capitalisation depreciates by N1bn

Equities lose momentum as capitalisation depreciates by N1bn

The Nigerian equities market sustained a sliding profile yesterday, occasioned by losses in many blue-chip stocks, especially, Cornerstone Insurance and Universal Insurance, causing market capitalisation to depreciate further by N1 billion. However, the volume of activities increased by 144.981 million as investors traded 355.935 million shares valued at N2.871 billion in 4241 deals against 210.954 […]

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, […]