Local equity sustains growth, gains N203bn

November 25, 2022 Amaka Ifeakandu Lagos 0

The bullish momentum in the Nigerian equities market sustained on Thursday following renewed interest in Nigerian Breweries, Airtel Africa Plc, forcing the market to appreciate by N203 billion.Specifically, the market capitalization of listed equities increased by N203 billion or 0.80 per cent to N25.384 trillion from N25.181 trillion reported the previous day. The NGX All Share Index also appreciated by Read More

Domestic equity gains N130bn as selloff in GTCO, Zenith lift market activities

November 17, 2022 Amaka Ifeakandu 0

Selloff in the shares of Zenith Bank, GTCO Plc, lifted activities in the equity market as volume of transactions increased by 54.09 per cent. The volume of activities increased by 55.972 million as investors traded 159.437 million shares valued at N2.861 billion in 3039 deals against 103.465 million shares worth N1.186 billion exchanged hands the previous day in 3045 deals. Read More

Equity market dips by N440bn

November 9, 2022 Amaka Ifeakandu, Lagos 0

Trading activities on the floor of Nigeria Exchange closed on a negative trend, shedding N440 billion as loss recorded by Dangote Cement, Guinness others drag the market down. Market capitalisation of listed equities yesterday declined by 1.82 per cent to N23.672 trillion from N24.112 trillion reported the previous day. The NGX All Share Index also depreciated by 805.83 basis points Read More

Equity market sustains growth, gains N177bn

October 25, 2022 Amaka Ifeakandu, Lagos 0

Nigeria equity market appreciated 0.73 per cent on the gains recorded by the shares of BUA Cement Plc.The shares price of BUA Cement appreciated by 10 per cent to close at N68.20 per cent. Consequently, market capitalisation of listed equities improved by N177 billion to N24.394 trillion from N24.217 trillion reported on Monday. The NGX All Share Index also grew Read More

Equity market opens negative, sheds N71bn

October 4, 2022 Amaka Ifeakandu, Lagos 0

Domestic equity yesterday opened the week on a negative note, shedding N71 billion as sell offs in shares of financial services sector impacted negatively on activities of the market. The NGX trading result showed that market capitalisation of listed equities declined by 0.3 per cent to N26.38 trillion from N26.45 trillion reported the previous day. The Nigerian Exchange (NGX) also Read More

Equity market gains N14bn

September 29, 2022 Amaka Ifeakandu, Lagos 0

The Nigerian equity market on Wednesday returned to bullish run yesterday, closing higher by N14 billion. It was fueled by gains recorded by BUACement, Ardova Plc and others lifted the market. Market capitalisation of listed equities increased by 0.05 per cent to N26.531 trillion from N26.517 trillion traded on Tuesday. The NGX All Share Index also appreciated by 10.25 basis Read More

Domestic equity closes lower, sheds N13bn

September 21, 2022 Amaka Ifeakandu, Lagos 0

Transactions on the floor of Nigerian Exchange yesterday closed northward , shedding N13 billion as the market witnessed low volume of activities during the day. Volume of transactions went down by 95.709 or 64.85 per cent Investors traded 51.876 million shares valued at N590.008 million in 2981 deals against 147.585 million shares worth N2.393 billion in 3323 deals. The NGX Read More

Equity market sheds N19bn

September 15, 2022 Amaka Ifeakandu 0

The domestic equity market index fell by 35.25 basis points to conclude the day at 49540.48 points from from 49575.73 points traded the previous day as the market recorded 17 losers against eight gainers at the close of trading session on Thursday. Market capitalisation of listed equities also declined by N19 billion or 0.07 per cent to N26.721 trillion from Read More

Equity market depletes by N426bn

August 24, 2022 Amaka Ifeakandu, Lagos 0

Transactions on the floor of Nigerian Exchange sustained declining profile, shedding N426 billion as profit taking persist in the market. Market capitalisation of listed equities declined by 1.59 per cent to N26.188 trillion from N26.614 trillion reported on Monday. The NGX All Share Index also depreciated by 789.91 basis points to 48554.76 points from 49344.67 points reported the previous day. Read More

Equity market declines by N10bn

August 18, 2022 Amaka Ifeakandu, Lagos 0

Trading activities on the floor of Nigerian Exchange (NGX) yesterday ended bearish, shedding N10 billion. Market capitalisation of listed equities declined by 0.04 per cent to N26.801 trillion from N26.811 trillion reported the previous day.The NGX All Share Index also depreciated by 18.29 basis points to 49691.17 points from 49709.46 points traded the previous day. Investors traded 128.786 million shares Read More

Bulls return as equity market gains N391bn

August 10, 2022 Amaka Ifeakandu, Lagos 0

Transactions on the floor of Nigerian Exchange (NGX) yesterday closed northward, increasing by N391 billion. Market capitalisation of listed equities increased by 1.47 per cent to N27.009 trillion from N26.618 trillion reported on Tuesday. The NGX All Share Index also appreciated by 724.76 basis points to 50075.47 points from 49350.71 points reported the previous day. Investors traded 279.221 million shares Read More

Equity market loses N126bn

August 9, 2022 Amaka Ifeakandu, Lagos 0

Trading activities on the floor of Nigerian Exchange NGX yesterday opened week on a negative note, shedding N126 billion, with RTBriscoe recorded the highest loss for the day. Market capitalisation of listed equities declined by 0.46 per cent to N27.232 trillion from N27.358 trillion reported on Friday. The NGX All Share Index also depreciated by 232.60 basis points to 50489.73 Read More

Profit taking drags equity market down by N7bn

August 4, 2022 Amaka Ifeakandu, Lagos 0

Investors profit taking has impacted negatively on the domestic equity yesterday as the market depreciated further by N7 billion. The trading result showed that market capitalisation of listed equities decreased by 0.03 per cent to N27.276 trillion from N27.283 trillion reported the previous day. The NGX All Share Index also depreciated by 12.67 basis points to 50582.30 points from 50594.97 Read More

Bulls return as domestic equity gains N364bn

August 3, 2022 Amaka Ifeakandu, Lagos 0

Trading activities on the floor of Nigerian Exchange yesterday returned to positive trend, gaining N364 billion . Market capitalisation of listed equities yesterday increased by 1.35 per cent to N27.300 trillion from N26.936 trillion reported the previous day. The NGX All Share Index also appreciated by 675.72 basis points to 50626.04 points from 49950.32 points reported the previous day. Investors Read More

Equity market sheds N1bn

June 29, 2022 Amaka Ifeakandu,Lagos 0

Trading activities on the floor of Nigerian Exchange on Tuesday declined marginally shedding N1 billion. Market capitalisation of listed equities fell by 0.003 per cent to N27.927 trillion from N27.928 trillion reported the previous day. The NGX All Share Index also depreciated by 1.50 basis points to 51802.48 points from 51803.98 points traded the previous day. Investors traded 416.469 million Read More

Equity market gains N131bn

June 24, 2022 Amaka Ifeakandu Lagos 0

The domestic equity market index on Thursday rose by 241.52 basis points to close at 51618.73 points from 51377.21 points recorded the previous day. Market capitalisation of listed equities also increased by N131 billion or 0.47 per cent to N27.828 trillion from N27.697 trillion reported on Wednesday. Investors traded 223.245 million shares valued at N2.858 billion in 4028 deals against Read More

Bulls show force as equity market gains N153bn

June 23, 2022 Amaka Ifeakandu, Lagos 0

Transactions on the floor of the Nigerian Exchange (NGX) yesterday sustained growth trend as the two market indicators yesterday increased by 0.56 per cent. The NGX All Share Index appreciated by 285.46 basis points to 51377.21 points from 51091.75 points traded on Tuesday. Market capitalisation of listed equities appreciated by N153 billion to N27.697 trillion from N27.544 trillion reported the Read More

Equity market loses N183bn as profit taking persists

June 15, 2022 Amaka Ifeakandu, Lagos 0

Transactions on the floor of Nigerian Exchange (NGX) sustained bearish run, shedding N183 billion as profit booking continued to dominate the market. Market capitalisation of listed equities declined by 0.64 per cent to N28.451 trillion from N28.634 trillion recorded on Tuesday. The NGX All Share Index also depreciated by 388.24 basis points to 52775.40 points from 53113.64 reported the previous Read More

Equity market loses N13bn

June 9, 2022 Amaka Ifeakandu, Lagos 0

The nation’s equity market yesterday sustained bearish sentiments as market indicators declined by 0.4 per cent. Market capitalisation of listed equities depreciated by N13 billion to N28.664 trillion from N28.677 trillion reported the previous day. The NGX All Share Index also dropped by 23.25 basis points to 53170.73 points from 53193.98 points recorded on Wednesday. Investors traded 318.417 million shares Read More

Bears return as equity market loses N41bn

June 8, 2022 Amaka Ifeakandu, Lagos 0

Investment in the nation’s equity market yesterday returned to negative trend, shedding N41 billion as investors engage in profit booking. Market capitalisation of listed equities declined by 0.14 per cent to N28.677 trillion from N28.718 trillion traded on Tuesday. The NGX All Share Index also depreciated by 76.90 basis points to 53193.98 points from 53270.88 points reported the previous day. Read More

Equity market closes negative sheds N72bn

June 2, 2022 Amaka Ifeakandu, Lagos 0

The nation’s domestic equity market yesterday sustained negative trend gaining N72 billion as profit taking in the market persist. Market capitalisation of listed equities declined by 0.25 per cent to N28.486 trillion from N28.558 trillion reported the previous day. The NGX All Share Index also depreciated by 133.94 basis points to 52840.21 points from 52974.15 points reported on Wednesday. Investors Read More

Equity market closes higher, gains N557bn

May 12, 2022 Amaka Ifeakandu, Lagos 0

Equity market yesterday returned to bullish run, appreciating by N557 billion. The NGX trading result showed that market capitalisation of listed equities increased by 1.9 per cent to N28.485 trillion from N27.928 trillion reported the previous day. The NGX All Share Index also appreciated by 1033.04 basis points to 52838.45 points from 51805.41 points recorded the previous day. Investors traded Read More

Bears return as equity market sheds N109bn

March 25, 2022 Amaka Ifeakandu 0

Transactions on the floor of Nigerian Exchange (NGX) Thursday closed in bearish trend, shedding N109 billion. The market capitalisation of listed equities fell by 0.43 per cent to N25.309 trillion from N25.418 trillion reported the previous day. The NGX All Share Index also depreciated by 203.65 basis points to 46960.29 points from 47163.94 points reported on Wednesday. Investors traded 214.699 Read More

Equity market sheds N52bn

March 23, 2022 Amaka Ifeakandu Lagos 0

Transaction on the floor of Nigerian Exchange (NGX) Tuesday continued on negative trend, shedding N52 billion as investors traded with caution to avert any losses. Market capitalisation of listed equities declined by 0.20 per cent to N25.414 trillion from N25.466 trillion reported on Monday. The NGX All Share Index also depreciated by 95.37 basis points to 47156.56 points from 47251.93 Read More