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

Headlines

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 […]

Business

Stocks market up N393.54bn over gains in MTNN, ZENITHBANK, GEREGU

Ihesiulo Grace 26 July 2023 0

By Motolani Oseni The equities market of the Nigerian Exchange Limited (NGX) on Tuesday extended its winning streak for the fourth consecutive session by N393.54 billion, due to gains in MTN Nigeria, Zenith Bank Plc and GEREGU shares. The Lagos bourse maintained the positive momentum as the market capitalization appreciated by N393.54 billion to close […]

Business

How tier-1 banks stocks drive market’s performance to gain N1.33trn w/w

Ihesiulo Grace 24 July 2023 0

By Motolani Oseni The bulls resurfaced on the stock market last week, due to investors buying interests in banking stocks, as the market capitalisation gained N1.33trillion week-on- week (w/w) to close at N35.39trillion. At the close of trading activities on Friday, the benchmark index soar higher on the back of strong buying interests of investors, […]

Business

Equities market rebounds, up 0.27% to gain N94.46bn

Ihesiulo Grace 21 July 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) rebounded after pullback recorded at the previous session, as the market gained 0.27 per cent to close at N34.81trillion. Specifically, the benchmark Index appreciated by 0.27 per cent to close at 63,930.72 points, while the market capitalization rose by N94.46billion to close at […]

Business

Equities market gains N1.7trn amid Nigeria’s economic reforms

Ihesiulo Grace 18 June 2023 0

By Motolani Oseni The Nigerian Exchange (NGX) gains N1.7 trillion last week as economic reforms boosted investors’ sentiments. The market saw increased investors’ position in banking names, telecom giants’ shares, and some other financial service companies’ stocks. Though, there was a pullback on Friday. Then, the local bourse lost ₦106 billion to profit-taking, compared

Business

NGX extends bearish run, declines further by N37.57bn

Ihesiulo Grace 9 June 2023 0

By Temitope Adebayo The bears continued to dominate the domestic stock market as capitalisation extended losses for a second consecutive session, falling by N37 billion at the end of yesterday’s trading. Accordingly, the All-Share Index (ASI) shed 67.93 points, representing a loss of 0.12 per cent to close at 55,956.59 points. Also, market capitalisation depreciated

Business

Equities market closes trading sessions with N570.52bn w/w gains

Ihesiulo Grace 1 May 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) ended last week’s trading sessions on a positive note, posting market capitalization gains of N570.52 billion week on week (w/w) to close at N28.53 trillion. The week closed the session stronger, bringing the All-Share Index (ASI) up by 0.32 per cent to settle […]

Business

Why further interest hike may place emerging markets in economic dilemma

Ihesiulo Grace 16 April 2023 0

By Godwin Anyebe Notwithstanding the broad warnings about the economic risks posed by recent stress in the banking sector, global monetary policymakers are keeping their focus squarely on inflation and the need to continue raising interest rates to tame it. The call for caution has come from top officials at the International Monetary Fund (IMF), […]