Nigeria: How More Domestic Investors Returned to Equities in 2021

Nigeria: How More Domestic Investors Returned to Equities in 2021

As with most other years, 2021 brought fascinating developments in the financial market, especially as the path from the pandemic was far from certain. The performance of the financial market generally fell in line with expectations as fiscal and monetary stimulus packages resulted in a ‘pull to norm’. The equities market saw more domestic investors […]

NGX closes bearish as UPDC, NEM others drag index by 0.01%

NGX closes bearish as UPDC, NEM others drag index by 0.01%

Despite price gains that outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) closed on a downward note yesterday, as the All-Share Index (ASI) depreciated by 0.01 per cent. Specifically, the ASI declined by 4.99 absolute points, representing a decrease of 0.01 per cent, to close at 43,255.14 points. However, the […]

Champion Breweries leads best-performing consumer goods stocks in October 2021

Champion Breweries leads best-performing consumer goods stocks in October 2021

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 […]

Nigeria: Stock Market Appreciates By 0.41% As YTD Performance Hits 4.2%

Nigeria: Stock Market Appreciates By 0.41% As YTD Performance Hits 4.2%

The stock market of the Nigerian Exchange Limited (NGX) reversed prior day’s loss with a gain of 0.41 per cent amid investors renewed interest on 21 stocks. The market positive performance yesterday was driven by price appreciation in large and medium capitalised stocks, which are Nigerian Breweries Plc, Guinness Nigeria Plc, MTN Nigeria Plc, Cadbury […]

FBN Holdings Tops Stock Market Activity Chart with 73.06m Shares

FBN Holdings Tops Stock Market Activity Chart with 73.06m Shares

FBN Holdings Darasimi Adebisi Transactions in the shares of FBN Holdings (FBNH) topped the activity chart with 73.062 million shares valued at N906.755 million on the Nigerian Exchange Limited (NGX) yesterday. Followed was Guaranty Trust Holding Company with 25.039 million shares worth N715.263 million, while Universal Insurance traded 22.771 million shares valued at N4.919 million. […]

Stock Market Appreciates Marginally by N596.41m as CBN Retain MPR

Stock Market Appreciates Marginally by N596.41m as CBN Retain MPR

NGX Insurance Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) appreciated marginally by N596.41 million amid the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) retaining all policy parameters in order to further boost the nation’s economic growth. The MPC members unanimously voted yesterday to retain Monetary Policy Rate […]

Stock trading volume drops, market cap stalls at N22.58tn

Stock trading volume drops, market cap stalls at N22.58tn

The market capitalisation of stocks listed on the Nigerian Exchange Limited remained unchanged at the end of trading on Tuesday as trading volumes fell, reversing Monday’s uptrend. The NGX All-Share Index dipped by 4.99 basis points from 43226.27bps to 43.255.14bps on Monday, while the market capitalisation stood unchanged at N22.58tn. The market activities were bearish […]

Investors on NGX Gain N252.42bn as YTD Return Hits 8.59%

Investors on NGX Gain N252.42bn as YTD Return Hits 8.59%

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 […]

Sustained profit-taking drags market capitalisation by N12 billion

Sustained profit-taking drags market capitalisation by N12 billion

Sustained profit-taking by investors on the Nigerian Exchange Limited (NGX), halted the five consecutive sessions of gains recorded last week, forcing the equities market to close on a downward note yesterday, as market capitalisation dipped by N12 billion. At the close of transactions yesterday, the All-Share Index (ASI) declined by 25.53 absolute points, representing 0.06 […]