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 […]
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 […]
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, […]
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 […]
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 with […]
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 […]
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 […]
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), […]
By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on Wednesday recovered from the previous session loss, as the market capitalisation gained N68.76billion to close at N29.59trillion. Also, the local bourse benchmark Index closed 0.23 per cent higher to settle at 54,315.53 points, while the market’s performance was bolstered by renewed investor […]
By Godwin Anyebe An emerging market is an economy that has experienced rapid economic growth but still has room to grow, meaning it has not reached its full economic potential like that of a developed economy. While the U.S. has the world’s largest economy, there are other countries and regions with economies that are growing […]
By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) relapsed on Tuesday, as the market capitalization lost N33.50billion to close at N29.58trillion amidst selloffs of industrial giant and banking shares. At the close of yesterday’s trading activities, the NGX All-Share Index (ASI) declined by 0.13 per cent to close at 54,299.76 points […]
By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on Tuesday sustained the bullish run for the second trading day of the week, as market capitalization gained N44.03billion to close at N29.00trillion, compared to N28.954 trillion recoded on Monday. Closing the first month in January, the Lagos bourse closed higher as the […]
By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on first trading session of the week closed on a positive note, as market capitalisation gained N273 billion to close at N28.954 trillion, amid strong corporate earnings and increased interest in Airtel Africa Plc and 27 other stocks. Specifically, the All Share Index […]
By Temitope Adebayo Equities market of the Nigerian Exchange Limited (NGX) on Thursday rebounded from the previous sessions negative outings, as the market capitalization gained N83.51billion to close at N28.73trillion as against N28.66trillion recorded on Wednesday’s trading session. The domestic equities bounced back yesterday from losses earlier in the week, as the benchmark All-Share Index […]
By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on Tuesday rebounded from the previous day losses, due to the renewed bullish activity to see the market capitalization gained N192.00 billion. At the close of yesterday trading session, the benchmark index advanced by 0.67 per cent to close at 52,701.31 points, the […]
By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on the first trading day of the year, recorded investors gain of N188 billion in value as market capitalisation went up to N28.103 trillion. Also, the All Share Index (ASI) rose by 344.60 absolute points, representing a gain of 0.67 per cent to […]
By Motolani Oseni Capital Market Operators and the general public have been informed that the annual renewal of Registration for year 2023 will commence from January 01, 2023 and expected to end on January 31, 2023. This was stated by the Securities and Exchange Commission (SEC) in a recent circular released to the capital market. […]
By Godwin Anyebe Emerging-market central banks face a Catch-22 where plunging economic growth means they can’t keep monetary conditions tight, but elevated inflation doesn’t allow them to halt rate hikes either. The result is a growing risk of monetary-policy error. Countries from Poland to Colombia, India to South Korea, are walking the tightrope trying to […]
Money market rates closed the week at double digits following sustained liquidity pressures in the financial system as the monetary authority skipped Primary Market Auction (PMA) sales. Tight liquidity in the financial system has kept short-term rates in the double-digit band for the most part of the second half of 2022. In the just concluded […]
By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) closed the first trading session of the week low, as the market capitalisation depreciated by N71.85billion to close at N23.88trillion. Specifically, the All-Share Index (ASI) declined by 0.30 per cent to close at 43,837.89 points, due to selloffs in MTN Nigeria; Offset gains […]