Top Stories

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

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 […]

Top Stories

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 […]

Top Stories

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 […]

Money

Equities market edges higher, gains N1.62trn

DailyTimesNGR DailyTimesNGR 25 January 2024 0

By Motolani Oseni The equities market of the Nigerian Exchange Limited on Wednesday edged higher as the market capitalization gained N1.62trillion to close at N55.58trillion. At the close trading activities yesterday, the Lagos bourse benchmark index ended 3.00 per cent stronger to settle at 101,517.11 points. This was due to continued buy interests in industrial […]

Business

Stocks market sustains bullish momentum, gains N6.29trn in one week

DailyTimesNGR DailyTimesNGR 22 January 2024 0

By Motolani Oseni The Nigerian equities market sustained its bullish momentum for the third consecutive week, as the market capitalisation gained N6.29 trillion to close the week at N51.735 trillion. The bourse, also, recorded gains on all trading days, due to strong buy sentiment which drove the biggest weekly gains on the domestic bourse in […]

Business

How gains in manufacturing, banking stocks lifted equities market by N874.41bn

DailyTimesNGR DailyTimesNGR 16 January 2024 0

By Motolani Oseni Opening the week, Nigerian equities extended gains from last week as the market capitalization gained N874.41billion to close at N46.32trillion, compared to N45.442 trillion recorded on Friday. This is even as the Nigerian Exchange Limited All-Share Index (NGXASI) continues to set new records, with benchmark index closed 1.92 per cent stronger to […]

Top Stories

Equities market extended weekly bullish run as investors gained N1.85trn

DailyTimesNGR DailyTimesNGR 15 January 2024 0

By Motolani Oseni The Nigerian equities market extended its bullish run for a second week as the All-Share Index (ASI) advanced by 4.24 per cent week-on-week (W-o-W) to close at 83,042.96 points, while investors gained N1.85 trillion to close the week at N45.442 trillion. Across various sectors, a bullish trend prevailed, as NGX Consumer Goods, […]

Money

Equities market sustains gaining streak, up N507.60bn

DailyTimesNGR DailyTimesNGR 21 December 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on Wednesday sustained its gaining streak as the market capitalization rose by N507.60billion to close at N40.16trillion. The market All Share Index (ASI), also, continued the bull run as the benchmark index gained 1.28 per cent to settle at 73,397.71 points. Interests in […]

Business

Stock market sustains upward trajectory, gains N464b in one week

DailyTimesNGR DailyTimesNGR 18 December 2023 0

*Analysts optimistic of positive trading this week By Motolani Oseni The Nigerian equities market sustained its upward trajectory due to upbeat demand on the banking stocks last week, as the market capitalisation for the week increased by N464 billion to close at N39.613 trillion. This is even as analysts are optimistic that the Nigerian stock […]

Business

Stocks market rebounds, up N31.81bn

DailyTimesNGR DailyTimesNGR 22 November 2023 0

By Temitope Adebayo The equities market on Tuesday recovered from the previous session’s loss, as the market capitalization gained N31.81billion to close at N39.08trillion, higher than N39.05trillion listed on Monday. The Lagos bourse, also, recorded gains as the benchmark index rose by 0.08 per cent to close at 71,066.55 points, which was also stronger than […]

Business

FG targets $10bn local ship charter market

DailyTimesNGR DailyTimesNGR 22 November 2023 0

By Temitope Adebayo The federal government, through the minister of Marine and Blue Economy, Adegboyega Oyetola, on Tuesday, said the ministry’s decision to consider the re-establishment of a National Shipping Line would be through a strategic Public Private Partnership (PPP), arrangement, as Nigerian government desire to capture a substantial share of the estimated

Business

Equities market recovers, gains 0.33% to close at N36.89trn WoW

DailyTimesNGR DailyTimesNGR 30 October 2023 0

By Motolani Oseni Despite losing three out of five trading sessions last week, the equities market of the Nigerian Exchange Limited (NGX) rounded off the week with gains of N121.51billion Week on Week (WoW) to close at N36.89trillion. The market capitalisation of overall listed stocks closed yesterday at N36.885trillion, gaining 0.33per cent or N121.5billion from […]

Business

Equities market rebounds, gains N158.34bn

DailyTimesNGR DailyTimesNGR 18 October 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on Tuesday rebounded from its previous day losses, gaining N158.34billion to close at N36.99trillion, compared to 36.83trillion posted on the first trading day of the week. Recovering from the previous session’s loss, the Lagos bourse, also, recorded gains as the benchmark index rose […]

Capital Market

How to invest in emerging markets

DailyTimesNGR DailyTimesNGR 25 September 2023 0

By Godwin Anyebe After eye-popping price drops in the first half of the year and a bit of a bounce in recent weeks, more analysts are recommending higher across-the-board exposure to emerging market assets. After all, the valuation metrics for these markets are at historically cheap levels if investors look at indices, both on a […]

Business

NGX: Stocks market extends downtrend, ASI dips as market cap down N35bn

DailyTimesNGR DailyTimesNGR 22 September 2023 0

By Motolani Oseni The Nigerian stocks market on Thursday extended its downtrend as the All-Share Index (ASI) fell by 64.58 point while the market capitalization shed N35.34billion. At the close of the fourth trading session of the week, the domestic bourse extended losses from the previous session, bringing the market benchmark index down by 0.09 […]

Business

Equities market rebounds, gains N358.05bn

Ihesiulo Grace 14 September 2023 0

By Motolani Oseni The equities market of the Nigerian Exchange Limited (NGX) on Wednesday rebounded from previous session losses, as the market capitalization gained N358.05billion to close at N36.90trillion. At the close of yesterday, the local bourse benchmark Index, also, bounced back, surging by 0.98 per cent to close at 67,414.40 points. According to the […]

Business

‘Why investors going for emerging market stocks’

Ihesiulo Grace 7 August 2023 0

By Godwin Anyebe Since the end of the Second World War, the US has been the 800-pound gorilla of the world economy – the largest in monetary terms, the largest producer, the largest innovator, the largest financial market. Bu that dominance has been challenged in the last couple of decades, with the rise of China […]

Business

Stocks market loses N186.85bn over selloffs in MTNN, others

Ihesiulo Grace 27 July 2023 0

By Temitope Adebayo The equites market on Wednesday ended its four-day winning streak, due to selloffs in telco heavyweight, MTN Nigeria alongside FBN Holdings and WAPCO, as market capitalization lost N186.85billion to close at N35.75trillion. At the close yesterday’s trading activities, the domestic bourse closed in red , while the benchmark index shed 0.46 per […]