The Nigerian equities market closed the week on a sour note, as broad-based selloffs across Banking, Insurance, oil and gas, and Industrial Goods stocks wiped out N2.29 trillion from investors’ wealth, extending losses into a second consecutive week. The benchmark NGX All-Share Index (ASI) slipped 0.77 per cent week-on-week to settle at 144,628.20 points, while […]
BY MOTOLANI OSENI The Nigerian equities market extended its winning streak into the fourth consecutive session, with investors recording a N1.75 trillion gain as the NGX All-Share Index surged by 2.01 per cent to close at 124,446.80 points on Thursday. Market capitalisation rose in tandem by 2.28 per cent to settle at N78.72 trillion, up […]
BY TEMITOPE ADEBAYO Investors on the Nigerian Exchange (NGX) opened the new trading week on a positive note, gaining N192.85 billion in market value as the All-Share Index (ASI) advanced by 0.25 per cent to close at 121,295.33 points. This modest uptick pushed the year-to-date return to 17.85 per cent, up from 17.55 per cent […]
BY TEMITOPE ADEBAYO The Nigerian equities market extended its losing streak into a fourth consecutive session on Monday, as investors lost approximately N152 billion following a 0.20 per cent decline in the NGX All-Share Index (ASI), which closed at 119,741.23 points. The market capitalisation also slipped by 0.20 per cent to N75.80 trillion, reducing the […]
BY TEMITOPE ADEBAYO Investors in the Nigerian equities market lost N10.88 billion on Monday as bearish sentiment persisted, dragging the All-Share Index (ASI) down by 0.01 per cent to close at 119,978.57 points. This marginal decline trimmed the year-to-date return to 16.57 per cent, while the market capitalisation settled at N75.95 trillion. Losses in heavyweight […]
BY TEMITOPE ADEBAYO Equities at the Nigerian Exchange suffered a setback on Monday as investors lost N116.28 billion, with the All-Share Index falling by 17 basis points to close at 105,931.18 points. The dip pushed the year-to-date return down to 2.92 per cent, while market capitalisation settled at N66.58 trillion. Losses in MTNN (-6.07%), FBN […]
BY TEMITOPE ADEBAYO Investors on the Nigerian Exchange gained N343 billion on Tuesday as the All-Share Index advanced by 0.52 per cent to close at 105,283.67 points. This positive movement lifted the market capitalisation to N66.16 trillion and pushed the year-to-date return to 2.28 per cent. Market activity was upbeat, with trade turnover increasing by […]
Nigeria is promoting its clean energy strategy to potential investors as the country moves to achieve macroeconomic stability. To sustain its broader energy transition goals, an extension of investment calls was made to foreign investors with the assurance the electricity sector is ripe for investment and transformative growth. Minister of Finance and Coordinating Minister of […]
BY TEMITOPE ADEBAYO Investors recorded a gain of N364.71 billion as the Nigerian Exchange (NGX) All-Share Index (ASI) advanced by 0.57 per cent, closing at 103,437.67 points. The positive market sentiment was driven by strong performances from key stocks, with Aradel leading the gainers’ chart, surging 10 per cent after releasing its unaudited FY 2024 […]
BY TEMITOPE ADEBAYO The Nigerian Exchange (NGX) extended its bullish momentum on Monday as the All-Share Index (ASI) rose by 0.79 per cent to close at 104,418.95 points. This surge added a significant N504 billion to investors’ wealth, pushing the market capitalisation to N64.44 trillion and maintaining the year-to-date return at a robust 1.45 per […]
BY TEMITOPE ADEBAYO In a holiday-shortened week, investors enjoyed a bullish rally on the Nigerian Exchange (NGX), securing a significant N455 billion increases in market capitalization, which closed at N56.457 trillion. The All-Share Index (ASI) also advanced by 0.81 per cent week-on-week (W-o-W), finishing at 98,247.99 points as three out of four trading sessions recorded […]
BY TEMITOPE ADEBAYO The Nigerian equities market yesterday began the trading week in negative territory, resulting in investors losses of N403 billion. The All-Share Index (ASI) declined by 711.18 per cent, representing a loss of 0.72 per cent to close at 97,880.94 points. Similarly, the overall market capitalisation value shed N403 billion to close at […]
BY MOTOLANI OSENI Investors reaped substantial rewards last week as the Nigerian equities market surged 0.87 per cent, with the All-Share Index closing at 98,592.12 points, as the market capitalisation saw a significant boost of N481 billion, reaching a total of N55.978 trillion. This uptick, driven by renewed interest in financial and consumer goods stocks, […]
By Motolani Oseni The equities market of the Nigerian Exchange Limited (NGX) at the close of last week’s trading shed 0.42 per cent, while investors’ wealth declined by N248 billion week on week (W-o-W). Specifically, the domestic stock market closed the week on a bearish note. The All-Share Index (ASI) shed 0.42 per cent week […]
BY GODWIN ANYEBE While the timing of the Federal Reserve’s highly anticipated pivot on rates remains uncertain, astute investors should consider redirecting their attention towards emerging markets, international financial CEO and analysts have advised. Wall Street’s S&P 500 index reached a record high on Friday on the back of market sentiment that the US Federal […]
By Godwin Anyebe An emerging-market money manager, who is outperforming 99 per cent of his peers, says equity investors can make money in 2024 whether the Federal Reserve cuts interest rates or not, by focusing on countries undergoing economic transformations. Montreal-based Fiera Capital Corporation has handed holders of its EM Select Fund a 29 per […]
Investors wealth spiked by more than N77 billion cumulative across five trading sessions, as market capitalisation jumped to N35.5 trillion amidst sustained bargain hunting in the local bourse. Last week, the market index popped higher as the market index or the Nigerian Exchange All-share index (NGXASI) rose by 0.2 per cent to close at 65,198.08 […]
By Godwin Anyebe After a rough 2022, some investors are eying international equities to make up for their losses. Not only are many of the world’s most competitive companies trading at bargain-basement prices, but some strategists believe that global stocks are poised to rally. While U.S. stocks are estimated to return fiver per cent to […]
By Temitope Adebayo On the last trading day for last week, stocks investors in the Nigerian Exchange (NGX) had their wealth improved by N253 billion, due to sustained buying interest in the local bourse. Specifically, the market capitalisation increased by 0.89 per cent to close at N28.602 trillion compared to N28.349 trillion recorded at the […]
By Motolani Oseni The Nigerian Exchange Limited (NGX) closed last week’s trading activities on a strong footing, as investors’ wealth improved by a whopping N1.67 trillion, due to demand for bellwether stocks. Accordingly, the All-Share Index advanced by 6.88 per cent week-on-week (W-o-W) to close at 47,554.34 points. Similarly, market capitalisation increased by N1.67 trillion […]