Business

Equities market rebounds by N192bn over renewed bullish activity

Ihesiulo Grace 18 January 2023 0

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

Business

Investors wealth increase by N253bn over sustained buying interest

Ihesiulo Grace 16 January 2023 0

By Temitope Adebayo On the last trading day for last week, stocks investors in the Nigerian Exchange (NGX) had their wealth improved by N253 billion, due to sustained buying interest in the local bourse. Specifically, the market capitalisation increased by 0.89 per cent to close at N28.602 trillion compared to N28.349 trillion recorded at the […]

Business

NGX ends 13-day winning streak, sheds N429.77bn

Ihesiulo Grace 6 January 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on Thursday ended its 13-day winning streak, as market capitalization lost N429.77billion to close at N27.71trillion. Also, the All-Share Index (ASI) shed 1.53 per cent to close at 50,868.52 points, selloff in index heavyweight, AIRTELAFRI (-8.26%) was the major drag on the overall […]

Business

NGX extends bullish run as investors gain N34bn

Ihesiulo Grace 5 January 2023 0

By Temitope Adebayo Trading activities on the Nigerian Exchange (NGX) closed yesterday’s session with a gain of N34 billion in market capitalization, as bulls maintained their grip on the local bourse. Gains in BUAFOODS (+2.10%), ZENITHBANK (+0.42%) and GTCO (+1.08%) offset losses in BUACEMENT (-1.79%), FBNH (-1.78%) and ACCESSCORP (-0.57%), keeping the market in the

Business

SEC approves NGX Technology board listing rules

Ihesiulo Grace 19 December 2022 0

By Motolani Oseni Nigerian Exchange Limited (NGX) is pleased to announce that the Securities and Exchange Commission (SEC) approved the Rules for Listing on NGX Technology Board on 15 December 2022. The NGX Technology Board is a specialised platform for technology-based companies to list and raise capital on The Exchange. Through the Board, NGX aims […]

Business

Equities market gains N236.58bn in one week

Ihesiulo Grace 19 December 2022 0

By Temitope Adebayo The equities market of the Nigerian Exchange (NGX) ended last week’s trading activities on a bullish trend, as the market capitalisation appreciated byN236.58billion week on week (w/w) to close at N26.86 trillion. Also, the All Share Index (ASI) gained 0.17 per cent stronger to settle at 49,316.29 points, the highest point since […]

Business

NGX ends rallies, loses N33.42bn as investors dump MTN, GTCO

Ihesiulo Grace 9 December 2022 0

By Temitope Adebayo The equities segment of the Nigerian Exchange (NGX) on Thursday ended its four consecutive day rallies, as market capitalization lost N33.42billion, following selloffs in telco heavyweight, MTN Nigeria, Guaranty Trust Holding Company (GTCO) and WAPCO. At the close of yesterday trading activities, investors’ mood switched to profit-taking across mid and

Business

MPC: NGX gains N285bn as experts project cautious trading by investors

Ihesiulo Grace 21 November 2022 0

By Motolani Oseni Despite pressure from profit-taking activities recorded during last week’s trading sessions, the equities segment of the Nigerian Exchange (NGX) at the end of the week gained N285 billion Week-on-Weeks (W-o-W). This is even as economists and financial experts have predicted that activities in the socks market this week would be focused on […]

Business

NGX sheds N164bn as bearish sentiments may remain this week

Ihesiulo Grace 13 November 2022 0

By Temitop Adebayo Trading on the floor of the Nigerian Exchange Limited (NGX) closed last week’s activities with the combined market capitalisation of stocks shed N164billion Week-on-Week (W-o-W) to close at N23.949 trillion, this is even as analysts expected bearish sentiments to remain predominant this week in the absence of any positive triggers. Precisely, the

Business

Equities market increased by N194bn in one week

Ihesiulo Grace 6 November 2022 0

By Motolani Oseni The equities market of the Nigerian Exchange Limited (NGX) last week appreciated by N194 billion to close the week at N24.112 trillion. There was upbeat momentum in the local equities this week and was buoyed by the outpour of company releases into the market to aid investment decisions and create entry opportunities […]

Business

Equities market halts bullish run, down N128bn over selloffs in Airtel, Geregu

Ihesiulo Grace 28 October 2022 0

By Temitope Adebayo The equities segment of the Nigerian Exchange (NGX) on Thursday halts the positive trajectory, as investors started a new bearish riot with selloffs in large and mid-cap companies’ shares including Airtel Africa and Geregu Power. At the close of yesterday’s trading activities, profit taking in the local bourse –market performance has been […]

Business

Stocks market begins weekly trading on a positive note, gaining N36.27bn

Ihesiulo Grace 25 October 2022 0

By Temitope Adebayo The equities segment of the Nigerian Exchange (NGX) on Monday began the week on a positive note, sustaining the last week’s trading session’s positive sentiment, as market capitalization gained N36.27billion to close at N24.22trillion. The domestic equity market began the new trading week with a gain of 0.2 per cent to close […]

Business

Equities market capitalization down N1.58trn in one week

Ihesiulo Grace 24 October 2022 0

By Temitope Adebayo Despite the equities segment of the Nigerian Exchange (NGX) closing the last two trading sessions of the week bullish, the combined market capitalization of stocks worth over one trillion depreciated by 8.40 percent to close at N17.19 trillion from N18.76 trillion during the previous week, reflecting a loss of N1.58 trillion. Although, […]

Money

Equity market rebounds slightly, up N7.24bn

Ihesiulo Grace 21 October 2022 0

By Joy Obakeye The equities segment of the Nigerian Exchange (NGX) rebounded for the first time this week, as market capitalisation rose by N7.24billion to close at N24.14trillion. Also, at the close of yesterday’s trading session, the NGX benchmark index gained 3bps to close at 44,332.21 points. Consequently, the Year-to-date (YTD) return of the market […]

Business

NGX ends 4 weeks bearish streak with N118.5bn gain

Ihesiulo Grace 17 October 2022 0

By Motolani Oseni The equities segment of the Nigerian Exchange (NGX) at the close of trading activities for the week on Friday ended its four weeks bearish streak with a whopping N118.5 billion gain, following demand for growth stocks last week. The local bourse turns positive after previous weeks of bearish tone as investors’ interest […]

Business

Stocks market halts negative trend, gains N25bn amidst improved turnover

Ihesiulo Grace 9 September 2022 0

By Motolani Oseni The equities market of the Nigerian Exchange Limited (NGX) on Thursday halted its negative outing to close the fourth trading session of the week with a market capitalisation gain of N25 billion. At the close of yesterday’s trading activities, the NGX market capitalization stood at N26.782trillion, representing a 0.11 per cent increase […]

Business

Investors’ profit-taking down NGX by N139bn in one week

Ihesiulo Grace 11 July 2022 0

By Motolani Oseni Due to continued sell-off in some stocks by investors who are beginning to position for the earning season, the equities market of the Nigerian Exchange Limited (NGX), suffered a decline of N139 billion week-on-week (W-o-W) to close at N27.803 trillion. Also, the All-Share Index (ASI) shed 0.53 per cent at the close […]

Business

Domestic, foreign transactions on Nigerian exchange hit N1.506trn in 5 months

Ihesiulo Grace 23 June 2022 0

By Motolani Oseni The total value of domestic and foreign transactions on Nigerian Exchange Limited (NGX) for the first five months of the year 2022 has recorded a total sum of N1.506 trillion. This record shoots higher against N933.65 billion, which was the total transactions carried out by both domestic and foreign investors in the […]

Business

NGX extends losing streak as market cap sheds N551bn

Ihesiulo Grace 21 June 2022 0

By Motolani Oseni Equities market of the Nigerian Exchange Limited (NGX) yesterday closed the first trading session for this week in red, extending its losing streak for the fifth consecutive session as the market capitalisation declined by N551 billion to close at N27.363 trillion. Opening the week, the local bourse shed almost 2.00 per cent, […]

Business

NGX extends woes as market value declines by N197bn

Ihesiulo Grace 17 June 2022 0

By Motolani Oseni The equities market of the Nigerian Exchange Limited (NGX) on Thursday further extended its downward trend with a whopping decline of N197 billion in market capitalisation, due to investors’ profits taking in Airtel Africa and 21 other stocks. Specifically, the value of market capitalisation depreciated by N197 billion to close at N28.255 […]