Stock market remains low, sheds N19bn

May 19, 2022 Amaka Ifeakandu, Lagos 0

Trading activities on the floor Nigerian Exchange (NGX) closed negative trend, shedding N19 billion . The NGX trading result showed that market capitalisation of listed equities declined further by 0.07 per cent to N28.422 trillion from N28.441 trillion reported on Tuesday. The NGX All Share Index also depreciated by 35.28 basis points to 52721.34 points from 52756.62 points reported the Read More

CEO NGX Regulation tasks corporate firms on sound sustainability reporting

May 19, 2022 Amaka Ifeakandu, Lagos 0

The Chief Executive Officer, NGX Regulation Limited (NGX RegCo), Ms Tinuade Awe has stressed the need for corporate bodies to adopt sound procedures in their reporting on their environmental and social impact. She made this statement during a webinar hosted by Corporate Secretaries International Association (CSIA) to explore how businesses and organisations can carry a full 360 approach to Environmental, Read More

Stock market opens on negative note, sheds N81bn

May 17, 2022 Amaka Ifeakandu, Lagos 0

Trading activities on the floor of Nigerian Exchange on Monday opened negative, shedding N81 billion. Market capitalisation of listed equities decreased by 0.28 per cent to N28.542 trillion from N28.623 trillion reported on Friday. On the contrary, the NGX All Share Index also depreciated by 154.46 basis points to 52944.09 points from 53098.46 points traded previously. Investors traded 374.183 million 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

Stock market up N383bn on back of bargain hunting

Transactions on the floor of Nigerian Exchange yesterday sustained growth profile, increasing by N383 billion amid bargain hunting activity. Market capitalisation of listed equity increased by 1.42 per cent to N27.406 trillion from N27.023 trillion reported the previous day. The NGX All Share Index also appreciated by 709.54 basis points to 50835.95 points from 50126.41 points traded on Wednesday. Investors Read More

Stock market resumes week bullish, gains N263bn

Trading activities on the floor of Nigerian Exchange yesterday opened week in a positive note, growing by N263 billion. Market capitalisation of listed equities increased by 0.98 per cent to N27.023 trillion from N26.760 trillion reported the previous day. The NGX All Share Index also appreciated by 487.46 basis points to 50126.41 points from 49638.94 points recorded the previous day. Read More

Stock market gains N320bn

April 20, 2022 Amaka Ifeakandu 0

on the floor of Nigerian Exchange on Wednesday continue growth trend, appreciating by N320 billion. Market capitalisation of listed equities increased by l 1.25 per cent to N25.952 trillion from N25.632 trillion reported the previous day. The NGX All Share Index also appreciated by 592.85 basis points to 48138.71 points from 47545.86 points traded on Tuesday. Investors during the day Read More

Stock market gains N19bn

April 20, 2022 Amaka Ifeakandu, Lagos 0

Activities on the floor of Nigerian Exchange yesterday opened week on a positive note , gaining N19 billion after two days public holiday to commemorate Easter. Market capitalisation of listed equities increased by 0.07 per cent to N25.632 trillion from N25.613 trillion reported the previous day. The NGX All Share Index also appreciated by 35.48 basis points to 47545.86 points Read More

Bulls return as stock market gains N49bn

April 5, 2022 Amaka Ifeakandu, Lagos 0

The nation’s domestic equity yesterday returned to bullish trend , gaining N49 billion, even as investors wait to reap their returns on investments. Market capitalisation of listed equities yesterday gained 0.19 per cent to N25.218 trillion from N25.169 trillion reported the previous day. The NGX All Share Index also appreciated by 87.52 basis points to 46777.37 points from 46687.85 points Read More

Stock market opens weak on negative trend, sheds N84bn

April 5, 2022 Amaka Ifeakandu 0

Equity market Monday opened transactions for the week on a negative note, shedding N84 billion. Market capitalisation of listed equities declined by 0.33 per cent to N25.169 trillion from N25.253 trillion reported on Friday. The NGX All Share Index also depreciated by 155.01 basis points to 46687.85 points from 46842.86 points. Investors during the day traded 219.495 million shares valued Read More

Stock market rebounds, gains N33bn

March 31, 2022 Amaka Ifeakandu 0

Transactions on the floor of Nigerian Exchange Wednesday closed higher, gaining N33 billion. Market capitalisation of listed equities appreciated by 0.13 per cent to N25.278 trillion from N25.245 trillion reported the previous day. The NGX All Share Index also went up by 61.39 basis points to 46904.48 points from 46843.09 points reported on Tuesday. Investors traded 201.280 million shares valued Read More

Stock market loses N28bn

March 29, 2022 Amaka Ifeakandu 0

The bears yesterday dominated trading activities at the equity market, forcing the Nigerian Exchange (NGX) key market indicators to decline by 0.11 per cent on mixed sentiment amidst buy interests and profit-taking.expriencing in the market. Market capitalisation of listed equities fell by N28 billion. or 0.11 per cent to N25.245 trillion from N25.273 trillion reported on Monday. The NGX All Read More

CBN, others discuss Nigeria’s digital future at CIO Africa inaugural summit

March 29, 2022 Segun Odunewu 0

The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System Plc (NIBSS) and other critical stakeholders have called for collaboration between policy makers and the private sector to ensure that Nigeria explores more opportunities of digitalization in transforming the country’s economy. This call was made at the CIO Club Africa inaugural summit tagged, “The Role of Digitalisation in 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

Stock market loses N6bn

March 18, 2022 Amaka Ifeakandu, Lagos 0

Investment in the nation’s equity market yesterday took a dive, shedding N6 billion. Market capitalisation of listed equities declined by 0.02 per cent to N25.520 trillion from N25.526 trillion reported on Wednesday. The NGX All Share Index also depreciated by 11.24 basis points to 47353.22 points from 47364.46 points traded the previous day. Investors traded 239.732 million shares valued at Read More

Equity market sheds N47bn

March 15, 2022 Amaka Ifeakandu, Lagos 0

Trading activities on the floor of Nigerian Exchange (NGX) yesterday sustained declining trend, shedding N47 billion as investors trade with caution to avert impact of Russian and Ukraine war. Market capitalisation of listed equities dropped by 0.2 per cent to N25.514 trillion from N25.561 trillion reported the previous day. The NGX All Share Index also depreciated by 87.81 basis points Read More

Equity market opens negative, sheds N58bn

March 15, 2022 Amaka Ifeakandu Lagos 0

Trading activities on the floor of Nigerian Exchange (NGX) Monday declined marginally, shedding N5 billion. Market capitalisation of listed equities decreased by 0.02 per cent to N25.561 trillion from N25.566 trillion reported on Friday. The NGX All Share Index also depreciated by 8.81 basis points to 47428.67 points from 47437.48 points traded the previous day. Investors traded 1.280 billion shares Read More

Local equity sustains bull run, gains N41bn

March 10, 2022 Amaka Ifeakandu Lagos 0

Investment in the domestic equity market yesterday sustained a growth trend, gaining N41 billion as impressive earnings and high payout dividend from corporate actions continued to hit the market. Operators are of the view that the market will maintain a positive trend as all eyes are still waiting other dividend paying stocks to release their corporate actions for the 2021 Read More

Equity market rebound, gains N72bn

March 10, 2022 Amaka Ifeakandu, Lagos 0

Trading activities on the floor of Nigerian Exchange NGX yesterday rebounded, gaining N72 billion as investors continue to reposition investment on high paid dividend. Operators said despite the good performance of most stock the Russian and Ukraine war is likely to affect the market gradually. They said with strength of companies’ impressive earnings and changing market conditions, players are advice Read More

Equity market sustains bearish run, sheds N58bn

March 9, 2022 Amaka Ifeakandu, Lagos 0

Trading activities on the floor of Nigerian Exchange (NGX) yesterday sustained negative trend, shedding N58 billion as the market continue to witnessed sell-offs of shares by local investors. Operators said that while some investors are selling off their shares for profit booking, others are selling to reposition in the dividend paying stocks ahead of the close of the company register. Read More

NGX group records 22.2% growth in pre-tax profit

March 4, 2022 Amaka Ifeakandu, Lagos 0

The Nigerian Exchange Group (NGX Group) Plc has released its audited results for the full year ended 31 December 2021, recording gross earning of N6.8 billion. The Group’s audited results revealed that its gross earnings grew by 13 per cent compared to N6.0 billion recorded in the preceding year. The NGX Revenue rose by 14.9 per cent from N5 billion Read More

Bears return as equity market sheds N66bn

March 3, 2022 Amaka Ifeakandu, Lagos 0

Transactions on the floor of Nigerian Exchange (NGX) yesterday returned to bearish trend, shedding N66 billion. The NGX daily trading result showed that market capitalisation of listed equities decreased by 0.26 per cent to N25.524 trllion from N25.590 trillion recorded the previous day. The NGX All Share Index also depreciated by 121.94 basis points to 47360.79 points from 47582.73 points Read More