The Nigerian Exchange Ltd.(NGX) All-Share Index and Market Capitalisation appreciated by 1.80 per cent each, to close the week at 105,451.06 and N64.303 trillion respectively. Theses are against 103,586.33 and 63.166 trillion posted last week. Consequently, equity investors gained a total of N1.137 trillion for the week under review....
NGX
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...
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...
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...
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...
The Nigerian stock market, on Monday, opened the week positive with a gain of N987 billion or 0.99 per cent. Investors’ interest in MTN Nigeria, BUA Foods, FBN Holdings, among other advanced equities, were the primary drivers of the overall market’s upward performance. Notably, the market capitalisation added N987...
Opening the week, the Nigerian stock market extended gains from its previous session, leading to N331 billion profit for investors. Buy interest in Zenith Bank, FBN Holdings, Oando Plc, Aradel, Transnational Corporation, among other advanced equities drove the market’s performance up. The market capitalisation, which opened at N60.241 billion,...
The domestic bourse rebounded from its previous trading session’s loss, adding N60 billion as investors renewed interest in MTN Nigeria, Oando Plc, Access Corporation and other advancing equities. Specifically, the market capitalisation, which opened at N59.472 trillion, rose by N60 billion or 0.10 per cent to close at N59.532...
The equity market began the week on a bearish note, reversing prior session gains with a loss of N62 billion. The decline was primarily driven by losses in Oando Plc, United Bank for Africa (UBA), Access Corporation, United Capital and Transnational Corporation. Consequently, the market capitalisation, which opened at...
The equity market closed on a negative note on Thursday, as the market capitalisation dropped by N36 billion or 0.06 per cent. Specifically, the market capitalisation closed at N59.476 trillion compared to the opening value of N59.512 trillion. Similarly, the All-Share Index (ASI) declined by 61 points or 0.06...
The Nigerian stock market opened the first trading session of the month on a positive note on Monday, gaining N138 billion in market capitalisation. Demand for Tier-One banking stocks, including Zenith Bank, United Bank for Africa (UBA) and Access Corporation, alongside equities such as Transnational Corporation and PZ, drove...
The Nigerian equity market on Friday closed the week on a negative note, recording N168 billion loss for investors. Losses in Seplat, Guaranty Trust Holding Company, Oando Plc, among other declined stocks dragged the market performance down. Specifically, the market capitalisation which opened at N59.275 trillion, lost N168 billion...
The Nigerian stock market recorded a loss of N209 billion in market capitalisation on Wednesday, as investors reacted negatively to the Central Bank of Nigeria’s (CBN) recent interest rate hike. The Monetary Policy Committee (MPC) of the CBN raised the Monetary Policy Rate (MPR) by 25 basis points to...
The Nigerian stock market opened with its bearish momentum on Monday to record N123 billion loss. Selloffs in Tier-one banking stocks namely, Guaranty Trust Holding Company(GTCO), Zenith Bank and FBN Holdings, underpinned the market’s weak performance. The market capitalisation, which opened at N59.292 trillion, shed N123 billion or 0.21...
The domestic bourse extended its bearish trend on Friday, closing the week with a N99 billion loss. Selloffs in Tier-one banking stocks, including Zenith Bank, FBN Holdings, United Bank for Africa (UBA), Access Corporation, and Fidelity Bank, along with Transnational Corporation and other declined equities, dragged the market to...
The Nigerian stock market on Thursday ended its four-day winning streak with a loss of N143 billion. Sell-offs in Guaranty Trust Holding Company(GTCO), Zenith Bank, Oando Plc, among other blue chips, dragged the market performance down. Notably, the Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N59.534 trillion,...
The Nigerian Exchange Ltd. (NGX) started the week on a positive note as market capitalisation increased by N16 billion, representing a 0.03 per cent gain on Monday. Specifically, the market capitalisation, which stood at N59.215 trillion at the opening, closed at N59.231 trillion. Similarly, the All-Share Index (ASI) edged...
The Nigerian stock market closed on a bearish note on Tuesday, with a loss of N69 billion, due to sell-offs in large and medium capitalised stocks. The Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N59.004 trillion, dropped by N69 billion or 0.12 per cent, closing at N58.935...
The Nigerian Exchange Ltd. (NGX) on Monday opened the week positive with N84 billion profit added to the portfolios of investors. Specifically, the market capitalisation which opened at N58.920 trillion, gained N84 billion or 0.14 per cent to close at N59.004 trillion. The All-Share Index also gained 0.14 per...
FBN Holdings Plc’s N150 billion rights issue went live on Wednesday on the Nigerian Exchange Group’s (NGX) digital platform, NGX Invest (invest.ngxgroup.com). The rights issue, offered on a one-for-six basis to existing shareholders, is now accessible through NGX Invest, providing a seamless digital channel for eligible investors to participate....