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

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 […]