The Nigerian equity market closed the week on a strong footing, with sustained buying interest in heavyweight stocks lifting key indices and deepening investors’ gains. The NGX All-Share Index (ASI) advanced by 3.71 per cent week-on-week to settle at 162,298.08 points, driven largely by rallies in major stocks such as MTN Nigeria (+7.63% w/w), SEPLAT (+10.00% w/w) and GTCO (+7.48% w/w). These […]
BY TEMITOPE ADEBAYO Equity investors saw their portfolios grow by N505 billion on Wednesday, driven by strong performances from key stocks alongside other notable gainers. Data from the Nigerian Exchange showed the year-to-date return advancing, buoyed by a significant drop in headline inflation. The market responded positively to inflation slowing, with investor sentiment shifting, which […]
The Nigerian Stock Exchange (NSE) gained N1.17 trillion in May as investors renewed interest on cheap fundamentals, stocks lead to price appreciation. The market capitalization closed May at N13.17trillion from N11.997trillion it opened for trading. Consequently, the NSE All-Share Index gained 9.76 per cent in May from 23,021.01 basis points to 25,267.82 basis points. All […]
Investors on the Nigerian Stock Exchange (NSE) last week continued on profit-taking, leading to market capitalisation dropping by N175billiobn or 1.51 per cent to N11.393trillion from N11.568 trillion the market opened for trading. Consequently, the NSE All-Share Index (ASI) dropped by 1.52 per cent or 336.65 basis points to 21,861.78 basis points from 22,198.43 basis […]