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...
NGX
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,...
The stock market capitalisation shed N171 billion or 0.31 per cent, closing at N55.545 trillion from an opening of N55.716 trillion. The All-Share Index also fell by 0.31 per cent or 302 points to close at 97,830.65, down from 98,132.15 recorded on Monday. As a result, the...
The stock market’s performance index closed 0.08 per cent weaker on Tuesday as investors reacted negatively to the Central Bank of Nigeria’s (CBN) hike in the Monetary Policy Rate (MPR). The News Agency of Nigeria (NAN) reports that CBN’s Monetary Policy Committee (MPC) earlier announced another increase in...
The Nigerian Exchange Ltd.(NGX) has delisted the shares of Niger Insurance Plc, Resort Savings and Loans Plc and RAK Unity Petroleum Plc from its facilities, effective July 18. NGX, in its weekly report, said that the three companies were delisted on the grounds that they were operating below...
The domestic bourse on Tuesday maintained a downward trend for the fourth consecutive session, causing investors to lose N114 billion. Selloffs in Guaranty Trust Holding Company (GTCO), Zenith Bank, FBN Holdings, Access Corporation, Ikeja Hotel, May & Baker, and RT Briscoe, among other declining equities, drove the...
Access Holdings Plc on Tuesday encouraged its shareholders to participate in the group’s rights issue offer, aiming to strengthen its bond with them. Mr Aigboje Aig-Imoukhuede, Chairman of Access Holdings, stated this at the group’s “Facts Behind The Rights Issue” presentation to the capital market community at...
The Nigerian equity market closed positive on Thursday with a gain of N6 billion, driven by investor interest in Seplat and sustained interest in Tier-one banking stocks. Specifically, gains in United Bank for Africa (UBA), Access Corporation, FBN Holdings, Guaranty Trust Holding Company (GTCO), Nigerian Breweries, International...
Breaking three consecutive sessions of losses, the Nigerian stock market rebounds by 0.17 per cent on Wednesday as investors improve interest in Tier-one banking stocks. Gains in Guaranty Trust Holding Company (GTCO), Zenith Bank, FBN Holding, amongst other advanced equities, were the primary drivers of the positive performance...
The domestic bourse continued its downward trend on Tuesday as investors sold off banking, consumer and industrial stocks. Consequently, Nigeria Exchange Ltd. (NGX) market capitalisation shed N49 billion or 0.09 per cent to close at N56.126 trillion, having opened at N56.175 trillion. The All-Share Index also...
Losses in Teir-one banking stocks on Friday pushed the market indices into a negative terrain, making investors to lose N56 billion. Specifically, sell-offs in the stocks of Guaranty Trust Holding Company (GTCO), Zenith Bank, FBN Holdings, Fidelity Bank, Wema Bank, as well as Nestle and African Prudential, among...
The share market value of Fidelity Bank Plc on the Nigerian Exchange Ltd. (NGX) dropped by N14.4 billion on Thursday, amid the opening of N127.1 billion rights issue and public offer. At the close of trading, the bank’s stock, which opened at N10.85, lost 45k or 4.15...
The stock market, resuming from the Sallah break on Wednesday, closed on a negative note with indices dropping by 0.08 per cent, amid sell pressure. Sell pressure in the stocks of MTN Nigeria, alongside Tier-one banks, namely: FBN Holdings, United Bank For Africa (UBA), as well as Nigerian...
Trading on the Nigerian Exchange Ltd. (NGX) this week closed higher by 1.73 per cent, following investors’ increased demand for banking, insurance, consumer as well as oil and gas stocks. Specifically, the All-Share Index and Market Capitalisation appreciated by 1.73 per cent to close the week at 99,300.38...
The stock market on the Nigerian Exchange Ltd. (NGX) declined further, losing N84 billion due to continuous sell-offs, primarily in Tier-one banking stocks and other blue-chips. Major declines in stocks such as Guaranty Trust Holding Company (GTCO), Zenith Bank, United Bank For Africa (UBA), Cadbury Nigeria, Guinness, and...
The Nigerian Exchange Ltd. (NGX) has listed N4.075 billion of AVA Infrastructure Series One Fund on its trading platform. Head, Issuers Regulation Department of NGX, Mr Godstime Iwenekhai, disclosed this in a statement on Saturday in Lagos. Iwenekhai said AVA Global Asset Managers Ltd’s., AVA Infrastructure Series 1...
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...