The Nigerian stock market extended its positive momentum on Tuesday, posting a 0.33 per cent gain. This gain added N197 billion to investors’ portfolios. The market capitalisation, which opened at N59.510 trillion, closed higher at N59.707 trillion. Similarly, the All-Share Index (ASI) rose by 0.33 per cent, advancing by...
stock market
The Nigerian stock market started the week on a bullish note, with the listing of Aradel Holdings stocks contributing N3.42 trillion to the Nigerian Exchange Ltd.(NGX) market capitalisation. The News Agency of Nigeria (NAN) reports that Aradel Holdings officially listed its shares by introduction on the Main Board of...
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...
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...
Opening the week, investors interest in the stocks of BUA Foods, FBN Holdings, Zenith Bank, among others advanced equities boosted the overall market index by 0.07 per cent. Specifically, the market capitalisation which opened at N55.129 trillion, gained N37 billion or 0.07 per cent to close at N55.166 trillion....
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...
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 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...
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’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 Central Bank of Nigeria (CBN) said in Abuja on Friday that its monetary policies and actions have stimulated growth and stability of the nation’s economy. CBN Governor, Mr. Olayemi Cardoso, said this during an engagement with Senate Committee on Banking, Insurance and other Financial Institutions. Cardoso said...
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...
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 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...