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.

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. […]

Business

NGX sustains bullish sentiments, gains N847bn in one week

Ihesiulo Grace 6 February 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) at the close of trading activities for last week sustained the gaining streak, as the market capitalisation increased by N847 billion to close at N29.528 trillion. The domestic stock market consolidated the gains recorded in the prior week as bargain-hunting dominated activities during […]

Business

Equities market begins weekly trading strong, gains N273bn

Ihesiulo Grace 30 January 2023 0

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 […]

Business

NGX loses N52bn over large selloff in MTN shares

Ihesiulo Grace 29 January 2023 0

By Temitope Adebayo The Nigerian Exchange (NGX) ends the week on a negative note as investors’ book profit amidst earnings release in the local bourse. The selling rallies reduce year-to-date performance and the All-share index. Data from the local bourse show that equities market capitalisation dropped by N52 billion to close at N28.681 trillion as […]

Business

NGX: 2023 likely to be dawn of new day for market, Nigerian economy-Popoola

Ihesiulo Grace 25 January 2023 0

*Targets to double 2022 achievements, drive more technology firms to NGX By Motolani Oseni Following the Nigerian Exchange Limited (NGX) strong performance in 2022, Chief Executive Officer, NGX, Mr Temi Popoola, has said 2023 likely to be dawn of new day for market and the Nigerian economy The NGX recorded landmark transactions for the year […]

Business

Equities market extends losing streak by N7.03bn

Ihesiulo Grace 25 January 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on Wednesday extended its losing streak by N7.03billion, as the market capitalization closed at N28.65trillion compared to N28.66trillion recorded the previous trading session. Specifically, the local bourse benchmark index lost 0.02 per cent to close at 52,599.65 points. Statistics from the

Business

Equities market up by N44.77bn in one week

Ihesiulo Grace 23 January 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) at the close of last week trading activities appreciated N44.77 billion, as the market capitalization closed at N28.65trillion week-on- week (w/w). Although, the All-Share Index (ASI) at the last session of the week, slipped by 0.06 per cent to close at 52,594.68 points, […]

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 by 0.67 per cent to close at 52,701.31 points, the […]

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 […]