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 […]
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 Spirit (PMS), known as petrol […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
*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 […]
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 […]
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 $10billion annual […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]