Money

NGX ASI rebounds as market cap adds N314bn

DailyTimesNGR DailyTimesNGR 12 January 2024 0

By Motolani Oseni The equities market of the Nigeria Exchange Limited (NGX) Thursday rebounded by N314 billion after prior’s bearish performance, driven by renewed interest in Julius Berger Plc and 47 other stocks. Also, the All-Share Index (ASI) advanced by 572.70 points, representing a gain

News

NGX index edges higher as investors gain N487.74bn

DailyTimesNGR DailyTimesNGR 22 December 2023 0

By Temitope Adebayo For the fourth consecutive session this week, the benchmark index of Nigerian Exchange Limited (NGX) on Thursday continued its positive run, as investors gained a whopping N487.74billion. With this development, the Lagos bourse is on track for another week of gains. Specifically, the All Share Index (ASI) closed yesterday’s session up 1.21 […]

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

How Q3 corporate earnings prompt N1.708trn equities gain in October

DailyTimesNGR DailyTimesNGR 1 November 2023 0

By Motolani Oseni The Nigerian equities market gained N1.708 trillion in the month of October 2023 as investors reacted to better-than expected corporate results released on the Nigerian Exchange. The month of October was eventful, marked by the influx of impressive corporate earnings reports at its peak. The better-than-expected corporate earnings despite the gloomy

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 […]

Headlines

SecondSTAX partners with NGX to drive investment into Nigeria’s capital markets

DailyTimesNGR DailyTimesNGR 9 October 2023 0

By Motolani Oseni SecondSTAX, a technology company that is building solutions to enhance intra-Africa capital and investment flows, has announced a new partnership with the Nigerian Exchange Limited (NGX) that will enable institutional investors from across Africa to directly invest into Nigeria’s capital markets. The new partnership was established in close collaboration

Business

NGX RegCo unveils code for approved persons of trading incense holders

DailyTimesNGR DailyTimesNGR 27 September 2023 0

By Temitope Adebayo Nigerian Exchange (NGX) Regulation Limited has announced the release of the ‘Code of Conduct for Approved Persons of Trading License Holders’ of NGX, in keeping with its commitment to promoting high professional standards and ethical conduct within the capital market. Approved by the Securities and Exchange Commission (SEC) on August 16,

Headlines

NGX: Investors’ wealth grew by N337b in one week

DailyTimesNGR DailyTimesNGR 11 September 2023 0

…PEPC judgment propels All-Share Index to new high By Motolani Oseni Having gained in three of five trading sessions last week, investors’ wealth on the equities market of the Nigerian Exchange Limited (NGX) lifted by a whopping N337 billion week-on-week (W-o-W). This is even as analysts have predicted mixed reactions for the Nigerian stock market […]

Business

NGX ASI extends losing streak as market cap down N111.74bn

DailyTimesNGR DailyTimesNGR 8 September 2023 0

By Motolani Oseni The equities market of the Nigerian Exchange Limited (NGX) for the second successive session on Thursday, extended its losing streak as market capitalization depreciated by N111.74billion to close at N37.26trillion. The local equities, also, ended lower as the benchmark Index tumbled by 0.30 per cent to settle at 68,082.11 points. Bearish sentiment […]

Business

Financial literacy, key to reduction in N190bn unclaimed dividends – NGX

Ihesiulo Grace 5 September 2023 0

By Temitope Adebayo Nigerian Exchange Limited (NGX), has said, a mix of financial literacy and awareness can help reduce the growing N190billion unclaimed dividends in the capital market. This is coming after efforts by the Securities and Exchange Commission (SEC) to tackle rising unclaimed dividends in the nation’s capital market have continued to hit a […]

Business

NGX: Market cap gains N1.08trn w/w, hits N1.4trn in August

Ihesiulo Grace 3 September 2023 0

As NGX emerges one of the best performing markets in Africa By Motolani Oseni Despite concerns around the soaring inflation, interest rate hikes and weak macroeconomic indices, investors’ confidence in Nigeria’s stock market remained strong, leading to Nigerian Exchange Limited (NGX) emerging one of the best performing exchanges in Africa during a 3-month duration.

Money

Equities market extends gains by N157.58bn

Ihesiulo Grace 23 August 2023 0

By Motolani Oseni For the third consecutive session, the equities market of the Nigerian Exchange Limited (NGX) on Tuesday extended its gaining streak as market capitalization increased by N157.58billion to close at N35.84trillion, compared to N35.68trillion recorded at the previous session. Specifically, the Lagos bourse maintained the bull run bringing the benchmark

Business

SEC, PENCOM, NGX to enhance investor participation in Nigerian capital market

Ihesiulo Grace 6 August 2023 0

By Motolani Oseni In line with its commitment to enhance investor participation in the Nigerian capital market, boost secondary market liquidity, and facilitate savings mobilization to drive economic growth, Nigerian Exchange Limited (NGX) in collaboration with the Securities and Exchange Commission (SEC) and National Pension Commission (PENCOM) is set to hold a Securities

Money

NGX benchmark index relapses as market cap sheds N5.17bn

Ihesiulo Grace 20 July 2023 0

By Motolani Oseni The equities market of the Nigerian Exchange Limited (NGX) at the end of mid week trading activities relapsed as market capitalisation declined by N5.17billion. Specifically, the domestic bourse slipped as the benchmark index closed 0.01 per cent weaker to settle at 63,757.23 points, while market capitalisation shed N5.17bn to close at N34.72trillion.

Business

NGX extends weekly gains by N60bn w/w

Ihesiulo Grace 12 June 2023 0

By Motolani Oseni Despite sell-offs from some highly priced stocks, the equities market of the Nigerian Exchange Limited (NGX), closed mildly positive last week as market capitalisation gained N60 billion week-on-week (W-o-W) to close at N30.455 trillion. Also , the All-Share Index (ASI), which is the benchmark index inched higher by 0.20 per cent W-o-W […]

Business

NGX halts gaining streak, loses N216.28bn

Ihesiulo Grace 11 May 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on Wednesday ended its four-day gaining streak, as market capitalization declined by N216.28billion to close at N28.43trillion, compared to closing figure of N28.64trillion recorded on Tuesday. Also, the domestic bourse benchmark index shed 0.75 per cent to close at 52,209.06 points, as against

Business

NGX sustains weekly losses, down N304.49bn in one week

Ihesiulo Grace 20 April 2023 0

By Tenitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) at the close of the four days trading session this week, declined by a whopping N304.49 billion Week on Week ( w/w) to close at N27.96trillion. Ending the Eid Fitr shortened week, the NGX All-Share Index, settled 0.35 per cent higher at 51,355.74 […]

Money

NGX index closes flat as market cap up N230.80m

Ihesiulo Grace 13 April 2023 0

By Temitope Adebayo At end of yesterday’s trading activity on the equities market of the Nigerian Exchange Limited (NGX), the market benchmark index closed flat, as the benchmark index settled at 51,953.41 points, while the market capitalization gained N230.80million to close at N28.30trillion. Specifically, the All Share Index (ASI) closed at 51,953.41 points, slightly

Business

Negative sentiments persist as NGX index dips 0.04% w/w

Ihesiulo Grace 27 March 2023 0

By Temitope Adebayo Negative sentiments persisted on the equities market of the Nigerian Exchange Limited (NGX) for the second consecutive week as the All-Share Index dipped by 0.04 per cent week-on-week (W-o-W) to close at 54,892.53 points. However, the market capitalisation was up by N13 billion to close the week at N29.903 trillion. Also, sector […]

Money

NGX extends gaining streak by 0.61% to N180.23bn

Ihesiulo Grace 24 February 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on Thursday extended its gaining streak by 0.61 per cent, as market capitalisation increased by N180.23billion to close at N29.77trillion. The Lagos bourse, also, edged higher as the benchmark index advanced to close at 54,646.38 points, the highest level since 15 July 2008. […]