Profit-taking persists on NGX, indices drop further by 0.20%

November 19, 2021 Blueprint 0

The bears maintained dominance on the nation’s bourse on Friday with capitalisation dropping further by N45 billion due to persistent profit taking. Specifically, the market capitalisation, which opened at N22.589 trillion lost N45 billion or 0.20 per cent to close at N22.544 trillion. Also, the All-Share Index dipped 86.70 points or 0.20 per cent to close at 43,199.27 from 43,285.97 Read More

NGX unveils opportunities for diversification in Nigeria’s capital market

November 18, 2021 Amaka Ifeakandu 0

Nigerian Exchange Limited (NGX) expounded on the various opportunities available to investors to diversify their portfolios. The NGX disclosed this in Lagos at its Retail Investor Workshop. Speaking at the webinar tagged ‘Creating an Investment Portfolio That Works in a Post-COVID Era’, Divisional Head, Trading Business, NGX, Jude Chiemeka said, “the advent of the COVID-19 global pandemic, amongst several important Read More

Equity market rebounds, gains N112bn

November 16, 2021 Amaka Ifeakandu 0

Investment in the nation’s equity market yesterday returned to bullish trend, gaining N112 billion specifically, market capitalisation of listed equities increased by 0.49 per cent to N22.672 trillion from N22.560 trillion reported the previous day. Correspondingly, the NGX All Share Index also appreciated by 213.86 basis points to 43444.20 points from 43230.34 points traded on Monday. Investors exchanged 423.833 million Read More

Equity market sustains bullish trends gains N252bn

November 10, 2021 Amaka Ifeakandu 0

Transactions on the floor of Nigerian Exchange (NGX) yesterday sustained growth momentum, gaining N252 billion. Specifically, market Capitalisation of listed equities increased by 1.12 per cent to N22.821 trillion from N22.569 trillion reported on Monday. The NGX All Share Index also appreciated by 483.68 basis points to 43730.55 points from 43246.87 points traded the previous day. Investors traded 280.713 million Read More

Equity market rebounds, gains N644bn

November 9, 2021 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange (NGX) yesterday opened week on a positive note, gaining N644 billion. Transactions on the shares of MTN Nigeria and Airtel Africa lifted the activities in the equity market propelling the NGX market indicators to close higher. Specifically, market capitalisation of listed equities yesterday increased by 2.937 per cent to N22.569 trillion from Read More

Equity market opens week negative, sheds N34bn

November 1, 2021 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange (NGX) yesterday close in negative trend, shedding N34 billion. Specifically, market capitalisation of listed equities declined by 0.15 per cent to N21.906 trillion from N21.940 trillion reported the previous day. The NGX All Share Index also depreciated by 61.81 basis points to 41976.79 points from 42038.60 points traded on Friday. Investors traded Read More

Equity market opens week on a positive note, gains N27bn

October 26, 2021 Amaka Ifeakandu 0

Transactions on the floor of Nigerian Exchange yesterday opened the week on a positive note, gaining N27 billion as local investors continue to pump in funds waiting for corporate organizations to release their third quarter financial results this week. Specifically market capitalisation of listed equities increased by 0.12 per cent to N21.821 trillion from N21.794 trillion reported the previous day. Read More

Equity market maintains growth profile, gains N237bn

October 22, 2021 Amaka Ifeakandu 0

Equity market yesterday sustained growth profile, increasing by N237 billion. Specifically, market capitalisation of listed equities increased by 1.10 per cent to N21.763 trillion from N21.526 trillion reported the previous day. The NGX All Share Index also appreciated by 454.40 basis points to 41704.11 points from 41249.71 traded on Monday. Investors exchanged 216.194 million shares valued at N3.381 billion in Read More

NGX Group lists a total of 1.964bn shares on NGX

October 18, 2021 Amaka Ifeakandu 0

Nigerian Exchange Group Plc (‘NGX Group) has listed its shares by introduction on the Main Board of Nigerian Exchange Limited (‘NGX’). The Company, having satisfied the Listing Requirements of The Exchange and obtained relevant regulatory approvals, NGX Group is now listed in the Financial Services and Capital Market Infrastructure sector of the Exchange, with the ticker “NGXGROUP”. The company listed Read More

NGX deepens liquidity with relaunch of Market Making programme

October 14, 2021 Amaka Ifeakandu 0

Nigerian Exchange Limited (NGX) has relaunched its Market Making program effective from October 4, 2021. The relaunching of the programme comes on the back of the review of its rules to provide the flexibility to implement diverse Market Making programmes across all asset classes listed on The Exchange, as approved by the Securities and Exchange Commission (SEC). Market Making occurs Read More

Access Bank acquires 78% stake in Botswana bank

October 13, 2021 Segun Odunewu 0

With the completion of its acquisition of a majority stake of about 78.15 per cent in African Banking Corporation of Botswana Limited, Access Bank Plc now has countries, after similar acquisitions in financial institutions domiciled in Zambia, South Africa, Mozambique, among others. The recent move which is in line with the Bank’s commitment to expanding its presence in the African Read More

Equity market rebounds, gains N95bn

October 13, 2021 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange (NGX) yesterday closed on a positive note, appreciating by N95 bollion. Market capitalization of listed equities increased by 0.45 per cent to N21.310 trillion from N21.215 trillion reported on Monday. The NGX All Share Index also appreciated by 182.96 basis points to 40896.96 points from 40714.00 traded on Monday. Investors traded 563.882 Read More

Equity market opens on a note, sheds N80bn

October 12, 2021 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange yesterday closed on a negative note, shedding N80 billion. Specifically, market capitalization of listed equities declined by 0.38 per cent to N21.215 trillion from N21.295 trillion reported the previous day. The NGX All Share Index also depreciated by 154.36 basis points to 40714.00 from 40868.36 point Reported the previous day. Investors traded Read More

Equity market sustains growth trend, gains N247bn

October 5, 2021 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange (NGX) yesterday sustained growth profile, gaining N247 billion. Specifically, market capitalisation of listed equities increased by 1.17 per cent to N21.216 trillion from N20.969 trillion reported on Monday. The NSX All Share Index also appreciated by 473.61 basis points to 40716.66 points from 40243.05 points traded the previous day. Investors traded 432.992 Read More

Equity market rebounds, gains N382bn

September 30, 2021 Amaka Ifeakandu 0

Transactions on the floor of Nigerian Exchange (NGX) yesterday closed higher, gaining N382 billon. The market performance according to operators was lifted by activities in Dangote Cement Plc and Nestle Nigeria Plc which recorded gains of N6.53 and N6.36 respectively. Specifically, market capitalisation of listed equities appreciated by N382 billion or 1.88 per cent to N20.627 trillion from N20.245 trillion Read More

UPDC targets improvement in cash flow, payment of dividends to shareholders

September 29, 2021 Amaka Ifeakandu 0

In order to ensure that maximum value and return on investment is derived on clients’ properties and estates, the Board and Management of UPDC Plc, has set plans in expanding its asset management subsidiary, improving its cash flow and ultimately start paying dividends to shareholders. The company disclosed this to capital market stakeholders during its Facts behind the Figures platform Read More

Equity market sustains downward trend, loses N11bn

September 23, 2021 Amaka Ifeakandu 0

Investment in the nation’s equity market yesterday sustained downward trend, shedding N11 billion as sell offs for profit taking linger. Specifically, market capitalisation of listed equities declined by 0.05 per cent to N20.242 trillion from N20.253 trillion reported the previous day. The NGX All Share Index also depreciated by 21.16 basis points to 38852.69 points from 38873.85 points traded on Read More

Sterling Bank forecasts N3.2bn PBT for Q42021

September 20, 2021 Suleiman Idris 0

Sterling Bank Plc, a full service national commercial bank, has projected a profit before tax (PBT) of N3.2 billion on gross earnings of N40.194 billion for the fourth quarter ending December 31, 2021. Head, Finance & Performance Management at Sterling Bank, Mrs. Adebimpe Olambiwonnu who disclosed this in the bank’s earnings projection sent to NGX Limited over the weekend, remarked Read More

Sterling Bank forecasts N3.2bn PBT for Q42021

September 20, 2021 Amaka Ifeakandu 0

Sterling Bank Plc, a full service national commercial bank, has projected a profit before tax (PBT) of N3.2 billion on gross earnings of N40.194 billion for the fourth quarter ending December 31, 2021. Head, Finance & Performance Management at Sterling Bank, Mrs. Adebimpe Olambiwonnu who disclosed this in the bank’s earnings projection sent to NGX Limited over the weekend, remarked Read More

Bears returns as equity market sheds N30bn

September 16, 2021 Amaka Ifeakandu 0

Transactions on the floor of Nigerian Exchange NGX) yesterday returned to bearish trend, shedding N30 billion on lower volume. Market Capitalisation declined by 0.14 per cent to close at N20.273 trillion from N20.303 trillion reported the previous day The NGX All Share Index also depreciated by 57.03 basis points to 38911.31 points from 38968.34 points reported on Wednesday. Investors transacted Read More

Bulls end bears’ run as market gains N3bn

September 15, 2021 Amaka Ifeakandu 0

Activities on the floor of Nigerian Exchange closed northward, appreciating by N3 billion. Specifically, Market Capitalisation of listed equities increased by 0.015 per cent to N20.278 trillion from N20.275 trillion reported the previous day. The NGX All Share Index also increased by 4.88 basis points to 38920.50 points from 38915.62points traded on Monday. Investors traded 228.479 million shares valued at Read More

Investors realise over N700bn from dividends

September 14, 2021 Amaka Ifeakandu 0

Investors in the nation’s capital market have earned over N700 billion from dividend payout by companies listed on Nigerian Exchange (NGX) Limited. Available report showed that 58 companies across 10 sectors of quoted companies on The Exchange have paid out N732,915,168,509.29. The broke down of the dividend payout showed that financial services has 21 companies, consumer goods followed with seven, Read More

NGX shareholders approve plan to introduce equity-based incentives to employees’ remuneration

September 9, 2021 Amaka Ifeakandu 0

Shareholders of the Nigerian Exchange Group have approved the group’s proposals to introduce equity-based incentives to employees’ remuneration, including an Employee Share Ownership Plan and a Long-Term Incentive Plan, aligning the interests of internal stakeholders with those of shareholders in long term value creation. The NGX Shareholders at the 60th annual general meeting voted in support of all the resolutions Read More

Equity market sustains bearish trend, loses N24bn

September 8, 2021 Blueprint 0

Transactions on the floor of Nigerian Exchange (NGX) sustained declining profile, shedding N24 billion. Specifically, market capitalisation of listed equities declined by 0.12 per cent to N20.426 trillion from N20.450 trillion reported the previous day. The NSE All Share Index also depreciated by 46.77 basis points to 39204.52 points from 39251.29 traded the previous day. Investors traded 354.061 million shares Read More

NGX highlights opportunities in Green and Sukuk Bonds

September 2, 2021 Amska Ifeakandu 0

The Nigerian Exchange Limited (NGX) has assured that it will continue to drive the development and promotion of retail participation in the Nigerian capital market . The company disclosed this during its Retail Investors Workshop themed “Sukuk and Green Bonds: More Than Just Investing” hosted virtually under the series in collaboration with APT Securities and Funds Limited. Delivering the opening Read More