Business

Global markets shift as Fed Policy, US slowdown boost emerging economies

DailyTimesNGR DailyTimesNGR 24 March 2025 0

BY GODWIN ANYEBE As the Federal Open Market Committee (FOMC) convened last week, a key focus will be the Federal Reserve’s Summary of Economic Projections (SEP). These projections will indicate whether the Fed is prepared to substantially downgrade its macroeconomic outlook. While a shift

Business

Investors lose N49bn as equities market extends losing streak

DailyTimesNGR DailyTimesNGR 13 March 2025 0

BY TEMITOPE ADEBAYO The Nigerian equities market yesterday maintained its downward trajectory as selloffs on Conoil Plc and 31 others dragged the bourse down by N49 billion. The All-Share Index (ASI) lost 77.37 points, representing a decline of 0.07 per cent to close at 106,090.38 points. Also, market capitalisation declined by N49 billion to close […]

Business

Emerging-market stocks surge as U.S. growth outlook dims

DailyTimesNGR DailyTimesNGR 10 March 2025 0

An MSCI Inc. gauge for emerging-market stocks ended the session 2.1% higher last week, clocking its best day since September. Eastern European currencies and Brazil’s real saw the sharpest gains in a basket of peers tracked by Bloomberg, while the Mexican peso climbed as the President Donald Trump administration confirmed some levies on Canada and […]

Business

Equities market investors gain N1.83trn w-o-w as optimism drives growth

DailyTimesNGR DailyTimesNGR 17 February 2025 0

BY MOTOLANI OSENI The Nigerian equities market maintained its bullish momentum for the second week of February, recording a gain of N1.83 trillion amid investor optimism. Despite fluctuations with three days of gains and two days of losses, the market’s overall performance reflected strong investor sentiment. The All-Share Index rose by 2.00 per cent week-on-week […]

Business

Equities market gains N426bn as investors’ confidence strengthen

DailyTimesNGR DailyTimesNGR 12 February 2025 0

BY MOTOLANI OSENI The local stock market yesterday returned back to its upward momentum with a gain of N426 billion on strong investors’ sentiment. The All-Share Index (ASI) gained by 683.65 points, representing a growth of 0.65 per cent to close at 106,574.98 points. Also, market capitalisation rose by N426 billion to close at N66.495 […]

Business

Equities market gains N1.95trn in January as investors position for growth

DailyTimesNGR DailyTimesNGR 2 February 2025 0

BY MOTOLANI OSENI The Nigerian equities market recorded a N1.95 trillion gain in January 2025, driven by fresh capital inflows and strategic investor positioning. During the month, Access Holdings, Guaranty Trust Holding Company (GTCO), FCMB Holdings, and Lasaco Assurance collectively listed N716.09 billion worth of additional shares on the Nigerian Exchange (NGX),

Money

Equities market dips by 2.94%, loses N1.45trn W-o-W

Ihesiulo Grace 19 January 2025 0

BY TEMITOPE ADEBAYO The Nigerian stock market closed the week on a bearish note, recording declines in three out of five trading sessions. The All-Share Index (ASI) fell by 2.94 per cent Week-on-Week (W-o-W) to settle at 102,353.68 points, while market capitalisation dropped by N1.45 trillion to close at N62.851 trillion. Sectoral performance was largely […]

Business

Equities market rises by 1.80% as investors gain N1.14trn W-o-W

DailyTimesNGR DailyTimesNGR 13 January 2025 0

…Stock market to sustain bullish momentum this week-Analysts BY MOTOLANI OSENI The Nigerian Exchange (NGX) closed the week on a positive note, with the All-Share Index advancing by 1.80 per cent week-on-week (W-o-W) to 105,451.06 points. This rally saw the market capitalisation increase by N1.14 trillion, finishing at N64.303 trillion. Despite the overall market

Money

Equities market ASI drops 0.24% as N856bn wiped off market value

DailyTimesNGR DailyTimesNGR 8 January 2025 0

BY TEMITOPE ADEBAYO The Nigerian stock market yesterday broke its 13-day winning streak as selloffs in Dangote Sugar Refinery Plc and 60 other stocks wiped off N856 billion from the overall capitalisation. Consequently, the All-Share Index (ASI) declined by 249.42 points, representing a loss of 0.24 per cent to close at 103,398.82 points. Market capitalisation […]

Money

Investors face sluggish trading as market gains N131.65bn, ASI adds 22bps

DailyTimesNGR DailyTimesNGR 14 November 2024 0

BY TEMITOPE ADEBAYO The Nigerian stock market experienced modest gains, yet investor activity remained subdued as the All-Share Index (ASI) rose by 22 basis points to close at 97,477.80 points. Despite this lift, investor turnover slowed at the close of yesterday’s trading activity, with the total value of trades dropping by 18.91 per cent compared […]

Business

Stock market rebounds, up 0.37% as investors gain N216.83bn

DailyTimesNGR DailyTimesNGR 8 November 2024 0

BY TEMITOPE ADEBAYO The equities market of the Nigerian Exchange Limited on Thursday recorded a notable rebound, gaining 37 basis points (bps) to close at 96,924.86 points. This upward trend added N216.83 billion in value to the market, bringing market capitalisation to N58.73 trillion, while pushing the year-to-date (YTD) return to 29.62 per cent. Key […]

Business

Equities market extends losing streak, sheds N113.49bn

DailyTimesNGR DailyTimesNGR 10 July 2024 0

BY TEMITOPE ADEBAYO For the fourth consecutive session, the Nigerian equities market maintained its downward trajectory as investors’ wealth declined further by N113.49 billion. Specifically, the market benchmark All-Share Index ((ASI) closed 0.20 per cent lower at 99,805.95 points, while the market capitalization decreased by N113.49 billion, closing at N56.46 trillion.

Business

Market decline sees N21bn dip in market cap amid mixed sectoral performance

DailyTimesNGR DailyTimesNGR 9 July 2024 0

BY MOTOLANI OSENI Last week, the domestic bourse experienced a decline as three out of the five trading sessions closed lower, resulting in the All-Share Index shedding 0.04 per cent week-on-week (W-o-W) to close at 100,022.03 points. This downturn led to a market capitalisation decrease of N21 billion W-o-W, closing at N56.581 trillion. Despite the […]

News

Equities investors gain N71bn in bullish run

DailyTimesNGR DailyTimesNGR 23 April 2024 0

By Temitope Adebayo Opening the week, the local equities market yesterday gained N71 billion, recovering some of the prior week losses. The All Share Index (ASI) rose by 125.30 points, representing a gain of 0.13 per cent to close at 99,665.05 points. Accordingly, market capitalisation gained by N71 billion to close at N56.367 trillion. The […]

Headlines

Market index extends bullish run as investors gain N403.69bn

DailyTimesNGR DailyTimesNGR 12 March 2024 0

By Motolani Oseni The equities market began this week’s trading activities on a bullish note as the market benchmark index appreciated by 0.70 per cent, while investors gained a whopping N403.69 billion. Opening the week, the domestic bourse extended gains from last week, seeing the All Share Index (ASI) close 0.70 per cent stronger to […]

Headlines

How FX market intricacies down petrol importation

DailyTimesNGR DailyTimesNGR 11 March 2024 0

By Temitope Adebayo The country’s petroleum products distribution and supply chain may face more challenging complexities, considering the current foreign exchange market intricacies. Major Energy Marketers Association of Nigeria (MEMAN) at the weekend complained that the perplexity of the forex market uncertainty has stopped members from embarking on Premium Motor

Business

Equities market begins week on bullish note as investors gain N1.855trn

DailyTimesNGR DailyTimesNGR 4 March 2024 0

By Motolani Oseni The domestic equities market yesterday kick-started the week on a positive note, as gains in newly listed Transcorp Power Plc and 25 others lifted the overall market capitalisation by N1.855 trillion. Transcorp Power listed 7.5 billion shares at N240.00 per share, amounting to N1.8 trillion on the main board of NGX. The […]

Headlines

MPR hike pushes Stock Market downward by N773bn

DailyTimesNGR DailyTimesNGR 28 February 2024 0

By Mathew Brangyet 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 bi-monthly MPC meeting, raised the benchmark lending rate by 400 basis points […]

Headlines

Equities market up N2.1trn to wrap-up the week with N57.850trn gain

DailyTimesNGR DailyTimesNGR 19 February 2024 0

By Motolani Oseni The equities market of the Nigerian Exchange Limited last week reversed its loss from the prior week, as the total market capitalisation of listed equities rose by N2.1 trillion to close the week at N57.850 trillion. At the close of trading activities on Friday, the benchmark index rebounded on mixed sentiment and […]

Business

Equities market syatains weekly gains by 1.97% to N1.12trn w/w

DailyTimesNGR DailyTimesNGR 5 February 2024 0

By Motolani Oseni Having gained in three of five trading sessions last week, the All Share Index (ASI) closed 1.97 per cent higher, while the market capitalization gained N1.12trillionweek on week (w/w) to close at N57.16trillion. Also,, the local bourse ended the session on a positive note, bringing the ASI up by 1.57 per cent […]