Investors in the Nigerian stock market traded a total turnover of 3.132 billion shares worth N76.552 billion in 61,456 deals this week on the floor of the Exchange. The Nigerian Exchange Ltd.(NGX) weekly report made available in Lagos, said this in contrast to 2.252 billion shares valued at N58.831 billion that exchanged hands … Read more
The equities market closed on a mixed note on Thursday following the listing of an additional 9.25 billion ordinary shares of 50 kobo each by Lasaco Assurance Plc. Specifically, investors gained N289 million as the market capitalisation, which opened at N63.147 trillion, recorded a slight change to close at N63.147 trillion. The All-Share Index (ASI), … Read more
The equity market, on Wednesday, dipped further as the market capitalisation shed N931 billion or 1.47 per cent to close at N62.257 trillion, having opened at N63.188 trillion. The All-Share Index also lost 1.47 per cent or 1,526.14 points to close at 102,095.95, against 103,622.09 reported on Tuesday. Accordingly, the Year-To-Date (YTD) return fell by … Read more
Bearish sentiments persisted on the stock market on Tuesday, making investors incurred a loss of N1.1 trillion. Selloffs in MTN Nigeria, Zenith Bank, Guaranty Trust Holding Company Plc (GTCO), Dangote Sugar and United Capital, among others declined equities further drove the market to a negative terrain. Specifically, the market capitalisation of listed equities, … Read more
The stock market, on Thursday, maintained an upward trend as the market capitalisation added N792 billion or 0.125 per cent to an opening of N63.559 billion, to close at N64.351 trillion. The All-Share Index also gained 0.125 per cent or 1300 points, to close at 105,530.74, in contrast to 104,230.73 recorded on Wednesday. The … Read more
The Nigerian stock market rebounded on Wednesday, recovering from its previous session’s loss, with a N507 billion gain added to investors’ portfolios. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N63.051 trillion, increased by N507 billion or 0.80 per cent to close at N63.559 trillion. Similarly, the All-Share Index rose … Read more
The domestic bourse on Tuesday broke its winning streak with a loss of N152 billion, following investors’ sell-offs of Tier-one banking stocks. Notably, losses in Zenith Bank, United Bank for Africa (UBA), Access Corporation, Oando Plc, Dangote Sugar, Nigerian Breweries, alongside other declined equities dragged the market down. The market capitalisation, which opened … Read more
The stock market started the week on a positive note on Monday, with investors’ portfolios gaining N37 billion. Specifically, the market capitalisation, which opened at N63.166 trillion, increased by N37 billion or 0.06 per cent to close at N63.203 trillion. Similarly, the All-Share Index rose by 62 points or 0.06 per cent to … Read more
The domestic bourse on Friday sustained its positive momentum to close the week with N248 billion gain. Specifically, the market capitalisation, which opened at N62.918 trillion, added N248 billion or 0.39 per cent to close at N63.166 trillion. The All-Share Index also advanced by 0.39 per cent or 406.2 points, to close at … Read more
The stock market started the year on a strong note, delivering an impressive N155 billion profit to investors on the first trading day. The positive performance was driven primarily by gains in Tier-one banking stocks, namely, Zenith Bank, United Bank for Africa (UBA) and FBN Holdings, Access Corporation, among other equities. Specifically, the market capitalisation, … Read more