To end the week, the stock market rebounded from previous losses, gaining N74 billion. Investor interest in MTN Nigeria, FBN Holdings, Guaranty Trust Holding Company (GTCO) and other equities lifted the market. Notably, the market capitalisation opened at N56.014 trillion, adding N74 billion or 0.13 per cent to close...
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Sell-offs in MTN Nigeria, alongside Tier-one banking stocks, on Tuesday, shed 0.12 per cent or N70 billion from the Nigerian Exchange Ltd. (NGX) market capitalisation. Specifically, the market capitalisation, which opened at N56.146 trillion, lost N70 billon to close at N56.076 trillion. The All-Share Index also dropped 0.12 per...
The equity market on Thursday took a further dip, losing N671 billion due to sell-offs in Dangote Cement and Tier-one banking stocks. The Nigerian Exchange Ltd. (NGX) market capitalisation dropped by N671 billion, or per cent, closing at N55.777 trillion, down from N56.448 trillion. Similarly, the All-Share Index declined...
The stock market, on Thursday, reversed some gains from its previous sessions, indicating a loss of N267 billion from the portfolios of investors. Selloffs in MTN Nigeria, Oando Plc, United Bank For Africa (UBA), Fidelity Bank, FCMB Group, alongside Cadbury and United Capital, amongst other declined stocks, drove the...
The Nigerian Exchange Ltd.(NGX) market capitalisation, on Friday, closed positive with N248 billion gain. Specifically, the market capitalisation added N248 billion or 0.44 per cent to its opening of N55.754 trillion to close at N56.002 trillion. The All-Share Index also gained 0.44 per cent or 432 points to close...
The domestic bourse, on Thursday, rebounded with N178 billion profit, following gains from Tier-one banks, as well as some large and medium capitalised stocks. Investors’ renewed interest in Guaranty Trust Holding Company(GTCO),FBN Holdings, Access Corporation, Nestle, Transnational Corporation and Oando Plc, among other advanced equities drove the market up....
The Nigerian equity market opened the week with N111 billion loss recorded for investors, amid supplementary listing of eight billion ordinary shares of Japaul Gold and Ventures Plc. Specifically, the Nigerian Exchange Ltd.(NGX)market capitalisation, which opened at N55.394 trillion, shed N111 billion to close at N55.283 trillion. The All-Share...
President Bola Tinubu on Tuesday gave assurances that the Ibadan-Abuja-Kaduna-Kano railway project would be completed to the satisfaction of Nigeria and West Africa at large. Tinubu said this during a visit to the headquarters of China Railway Construction Corporation (CRCC) in Beijing, his spokesman, Ajuri Ngelale, said in a...
The Nigerian equity market rebounded from its previous session’s loss on Thursday with N118 billion gain. Investors’ interest in Guaranty Trust Holding Company (GTCO), Nigerian Breweries, Julius Berger, Oando Plc, among other advanced equities pulled the market performance up. Notably, the market capitalisation which opened at N55.261 trillion, added...
The profit declared by the Nigerian National Petroleum Company Limited (NNPC Ltd.) will spur major investors to take advantage of its Initial Public Offer (IPO) when announced. An economic expert, Dr Sand Mba-Kalu, said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja....
Investors in the Nigerian equity market lost N64 billion on Thursday due to selloffs in Zenith Bank, FBN Holdings, Transcorp Hotels and other stocks. The market capitalisation dropped by N64 billion, or 0.12 per cent, closing at N54.983 trillion, down from the opening value of N55.047 trillion. Similarly, the...
The Nigerian equity market, on Tuesday, recovered from the previous session’s decline, recording a N66 billion gain. Investor interest in leading stocks such as Seplat, Oando, and StanbicIBTC contributed to the market’s upward trajectory. Notably, the market capitalisation, which opened at N54.382 trillion, added N66 billion or 0.12 per...
Opening the week on Monday, investors on the Nigerian stock market lost N750 billion from their portfolios as bearish sentiment persisted. Specifically, selloffs in the stocks of Dangote Cement, alongside Tier-one banks, namely; Guaranty Trust Holding Company (GTCO), FBN Holdings, among other declined equities pulled the market’s performance down....
The domestic bourse, for the fourth consecutive session, extended its losses by N57 billion, driven by selloffs in FBN Holdings, Access Corporation and Transnational Corporation, among others. Specifically, the market capitalisation, which opened at N55.188 trillion, shed N57 billion or 0.10 per cent to close at N55.131...
The Nigerian Exchange Ltd.(NGX) market capitalisation on Tuesday extended losses by N278 billion or 0.50 per cent, following selloffs in BUA Cement, Zenith Bank, FBN Holdings, among other declined equities. Notably, the market capitalisation which opened at N55.574 trillion closed at N55.296 trillion. The All-Share Index also decreased...
The domestic bourse reversed its previous session’s gain on Monday, recording a loss of N404 billion or 0.72 per cent for equity market investors. The market’s decline was primarily driven by losses in major stocks, including BUA Cement and Tier-one banks such as Zenith Bank and Guaranty...
Investors’ renewed interest in MTN Nigeria, Zenith Bank, Guaranty Trust Holding Company (GTCO), and other stocks on Thursday made the equity market to gain N578 billion. Notably, the market capitalisation of listed equities on the Nigerian Exchange Ltd. (NGX) rose from N55.130 trillion to N55.708 trillion, reflecting...
The equity market rebounded on Friday with N219 billion gain, closing the week’s trading sessions on a positive note in spite of the nationwide protests. The major drivers of the market’s positive performance included Zenith Bank, Access Corporation, Fidelity Bank, Transnational Corporation, United Capital, and Oando, among other...
The stock market experienced a bearish start to the month, shedding N235 billion in value amid cautious investor sentiment triggered by ongoing nationwide protest. Specifically, market capitalisation reduced to N55.278 trillion from an opening of N55.513 trillion, having shed N235 billion or 0.42 per cent from investors’ portfolios....
N Stock market investors lost N32 billion on Wednesday, as bearish sentiment continued to dominate trading on the Nigerian Exchange Ltd.(NGX) for seven consecutive sessions. Selloffs in Zenith Bank, Access Corporation, Transnational Corporation, Nigerian Breweries, Unilever, among other declined equities further weakened the market’s performance. Specifically,...