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...
stock market
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...
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...
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,...
Trading on the stock market of Nigerian Exchange Ltd. (NGX), on Wednesday, ended on a cautious note with investors losing one billion Naira. Specifically, the market capitalisation which opened at N55.872 trillion dipped one billion naira to close at N55.871 trillion. Similarly, the All-Share index shed 174 points to...
Transaction at the stock market on Friday showed that investors gained N899 billion. Specifically, the market capitalisation, which opened at 56.259 trillion, closed at 57.158 trillion, representing 1.59 per cent increase. Also, the All-Share Index also went up by 1,643.79 points or 1.59 per cent to settle at...
The Nigerian Exchange Ltd. on Friday recorded N138 billion growth following continued investors’ buy interest in stocks of Tier-one banks Specifically, the market capitalisation which opened at N55.900 trillion rose by N138 billion or 0.25 per cent to close at N56.038 trillion. Also, the All-Share Index rose by...
The stock market of the Nigerian Exchange Ltd. (NGX) on Thursday gained further due to investors’ renewed interest in MTN Nigeria Communications (MTNN) Plc and 22 others. The NGX All Share Index (ASI) rose by 809.41 points or 1.51 per cent to close at 54,413.21 from basis points. Accordingly,...
Some capital market operators have listed events that will shape the stock market and the economy in 2022. Speaking with the News Agency of Nigeria (NAN) on Tuesday in Lagos, they said the market and the economy would be impacted by the Monetary Policy Committee, 2022 budget implementation, consumer...