The stock market recorded an upturn due to increased investor demand for banking stocks and other medium-capitalised entities on Thursday, which led to N17.96 billion profit. Specifically, the market capitalisation, which opened at N54.552 trillion, gained N18 billion or 0.03 per cent to close at N55.570 trillion. The...
NGX
Renewed demand for MTN Nigeria, alongside Zenith Bank and FBN Holdings, among other leading stocks, on Tuesday, pulled the Nigerian Exchange Ltd.(NGX) market capitalisation up by 0.35 per cent. Recovering from previous session losses, the market capitalisation, which opened at N55.357 trillion, gained N196 billion or 0.35 per cent,...
The equities market declined on Friday, with profit-taking in stocks such as Zenith Bank, Guaranty Trust Holding Company (GTCO), Wema Bank, Nigerian Breweries, and Nestle Nigeria, among others. Following a flip-flop trading session, the market capitalisation which opened at N55,520 trillion, lost N9 billion or 0.02 per cent,...
Trading activities on the floor of the Nigerian stock market on Tuesday declined, making investors to lose N200 billion. Specifically, the market capitalisation shed N200 billion or 0.35 per cent to close at N56.167 trillion, in contrast to N56.367 trillion recorded on Monday. Also, the All-Share Index also...
The Nigerian Exchange Ltd. (NGX) rebounded on Wednesday, gaining N57 billion to close at N56.504 trillion. This increase follows eight consecutive sessions of losses. The market capitalisation, which opened at N56.447 trillion, rose by 0.10 per cent to reach N56.504 trillion by the close of trading. Similarly, the...
Trading activities on the Nigerian Exchange Ltd.(NGX) ended on a negative note on Tuesday as the capitalisation dropped by N1.11 trillion. Notably, the market capitalisation, which opened at N57.560 trillion, shed N1.11 trillion or 1.93 per cent to close at N56.447 trillion. The All-Share Index also dropped by...
Sell-offs in the shares of Tier-one banks on Thursday contributed to a 0.32 per cent decline in the Nigerian Exchange Ltd. (NGX) market indices. Specifically, losses in the share prices of FBN Holdings, Access Corporation, Guaranty Trust Holding Company (GTCO), Zenith Bank and StanbicIBTC Bank, among others, dragged...
Access Holdings has revealed plans to pay a final dividend of N1.80 for every ordinary share of 50k to its shareholders for the 2023 financial year. The payment, slated for April 19, will be made electronically and is subject to appropriate withholding tax. Mr Sunday Ekwochi, the Company...
Investors in the Nigerian Exchange stock market on Tuesday further lost N104 billion or 0.18 per cent, as the market capitalisation which opened at N58.879 trillion, closed at N58.775 trillion. Similarly, the All-Share Index shed 0.18 per cent to settle at 103,952.47, as against 104,136.35 recorded on Monday. Consequently,...
The financial services industry, measured by volume led the activity chart of the Nigerian Exchange Ltd.(NGX) with 1.273 billion shares valued at N31.08 billion traded in 23,066 deals to close the week. Specifically, the industry contributed 73.36 per cent and 63.74 per cent to the total equity turnover...
The Nigerian Exchange Ltd.(NGX) market capitalisation on Monday closed on a negative note, losing N239 billion. Specifically, the market capitalisation which opened at N59.416 trillion, lost 0.40 per cent or N239 billion to close at N59.177 trillion. Similarly, the All-Share Index also declined by 0.40 per cent...
Trading in top three equities namely: Transnational Corporation (Transcorp), Guaranty Trust Holding Company (GTCO) and Access Holdings contributed significantly to the stock market’s upward performance in the week ended. Specifically, a total equity turnover of 1.773 billion shares worth N52.867 billion in 44,713 deals were traded in the...
The Nigerian Exchange Ltd.(NGX) extended gains on Friday, causing investors’ wealth to grow further by N582 billion due to buy interest on the nation’s bourse. Specifically, investors gained N582 billion in value as market capitalisation grew to N59.416 trillion from N58.834 trillion recorded on Thursday. Consequently, the All-Share...
The Nigerian stock market on Friday ended the week with N563 billion gain. Specifically, the market capitalisation which opened at N56.730 trillion, gained 0.99 per cent or N563 billion to close at N57.293. The All-Share index also rose by 0.99 per cent or 996 points to close at...
Sustained buying interest in the shares of newly listed Transcorp Power on the Nigerian Exchange Ltd. (NGX) and Tier-one banks on Tuesday pushed the value of transactions on the Exchange up by 59.55 per cent. Analysis of the market activities showed trade turnover settled higher relative to the...
The Nigerian Exchange Ltd.(NGX) equity market on Monday opened positively, as gains in newly listed Transcorp Power Plc and 22 others grew the overall market capitalisation by N1.86 trillion. The News Agency of Nigeria(NAN) reports that Transcorp Power earlier listed 7.5 billion shares by introduction at N240.00 per...
Selloffs in the shares of Dangote Cement, Conoil, MTN Nigeria, among others, on Friday, dragged the equity market’s performance indices down by 1.23 per cent to close the week’s trading sessions. Specifically, investors lost N672 billion or 1.24 per cent, as the market capitalisation, which opened at N54.707...
Transactions on the stock market closed negative on Tuesday for the secondary day, depreciating further by 1.38 per cent and in reaction to the outcome of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN). The News Agency of Nigeria (NAN) reports that CBN,...
The market capitalisation of the Nigerian Exchange Ltd. (NGX) Monday dropped by N51 billion. Specifically, the market capitalisation opened at N55.861 trillion to close at N55.810 trillion, representing 0.09 per cent decrease. The All-Share Index also dropped by 0.09 per cent or 93 points, to close at 101,995.53,...
The financial services industry during the week led activities on the equity market of the Nigerian Exchange Ltd. (NGX) as investors traded a total turnover of 1.6 billion shares worth N36.50 billion in 42,546 deals this week. The NGX weekly market report revealed that this was in contrast...