Domestic Equity sustains growth, gains N53bn

December 19, 2022 Amaka Ifeakandu Lagos 0

Trading activities on the floor of Nigerian Exchange on Monday opened in a positive trend, appreciating by N53 billion. Market capitalisation of listed equities increased by 0.19 per cent to N26.914 trillion from N26.861 trillion it closed on Friday. The NGX All Share Index also appreciated by 98.67 basis points to 49414.96 points from 49316.29 points traded the previous day. Read More

Induction: NGX charges brokers to uphold ethics, embrace learning

December 16, 2022 Blueprint 0

Nigerian Exchange Limited (NGX) has encouraged its newly inducted brokers to continue to uphold the high standard of ethics in the capital market and embrace a culture of continuous learning to keep up with the fast pace of developments and innovation in the financial space. At the induction ceremony for the 91 newly authorised dealing clerks held at the Exchange Read More

Equity market remains bullish, gains N133bn

December 16, 2022 Amaka Ifeakandu Lagos 0

Transactions on the floor of Nigerian Exchange (NGX) on Thursday sustained a growth trend, gaining N133 billion with sell offs in shares of Sterling Bank, GTCO Plc, Zenith Bank, FBNHoldings and UBA boosted market activities. Market capitalisation of listed equities increased by 0.50 per cent to N26.815 trillion from N26.682 trillion reported the previous day. The NGX All Share Index Read More

Equity market sheds N25bn

December 13, 2022 Blueprint 0

Domestic equity market Tuesday returned to negative trend, shedding N25 billion as sell pressure in shares of MTN Nigeria, Zenith Bank, others impacted market activities. Market capitalisation of listed equities declined by 0.09 per cent to N26.609 trillion from N26.634 trillion traded the previous day. The NGX All Share Index also depreciated by 45.54 basis points to 48853.54 points from Read More

Equity market opens week positive, gains N10bn

December 13, 2022 Amaka Ifeakandu Lagos 0

Trading activities on the floor of Nigerian Exchange NGX opened the week on a positive note, gaining N10 billion. Market capitalisation of listed equities increased by 0.04per cent to N26.634 trillion from N26.624 trillion reported on Friday. The NGX All Share Index also appreciated by 17.15 basis points to 48899.08 points from 48881.93 traded the previous day. Investors traded 236.586 Read More

Equity market gains N53bn

December 7, 2022 Amaka Ifeakandu Lagos 0

Transactions on the floor of Nigerian Exchange (NGX) on Tuesday sustained growth profile, appreciating by N53 billion as market activities were boosted by sell-off in shares of Geregu , Transcorps FBNHoldings, among others. Market capitalisation of listed equities increased by 0.20 per cent to N26.344 trillion from N26.291 trillion reported the previous day. The NGX’s All Share Index also appreciated Read More

Domestic equity dips by N62bn

November 30, 2022 Amaka Ifeakandu Lagos 0

Nigeria’s equity market on Tuesday sustained declining profile, shedding N62 billion fololowing share depreciation recorded by Nigerian Breweries and Ecobank Transnational Incorporated. Market capitalisation of listed equities dropped to N25.775 trillion from N25.837 trillion reported the previous day. The NGX All Share Index also depreciated by 113.58 basis points to 47322.87 points from 47436.45 traded on Monday. Investors traded 120.946 Read More

How NGX, IFC promote opportunities in green, social, sustainability bonds

November 29, 2022 Amaka Ifeakandu, Lagos 0

Nigerian Exchange Limited (NGX), the sustainable Exchange championing Africa’s growth, and International Finance Corporation (IFC), entered into partnership to facilitate the issuance of green, social and sustainability bonds in Nigeria to increase financing for projects that address climate and social issues. They made the announcement during a Green and Sustainability Bond workshop co-hosted by both institutions in Lagos, and supported Read More

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

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

Investors of First Bank, Access, 3 other banks gain N5.9bn

November 6, 2022 Segun Odunewu Lagos 0

The market capitalisation of Nigeria’s tier-1 banks, FBNH PLC, Access Bank, UBA, GTbank and Zenith appreciated by 0.29 per cent to close at N2.02 trillion on Friday, November 4 2022, as investors gained a total of N5.89 million. At the end of last week’s five trading days, two of the five tier-1 Nigerian banks enjoyed positive market sentiments, with FBNH Read More

Domestic equity index drops 10.58% in October

November 6, 2022 Amaka Ifeakandu Lagos 0

The nation’s capital market recorded low performance in the month of October, declining by N2.57 trillion. The NGX trading result for the period showed that market capitalisation of listed equities declined by 9.73 per cent to close at N23.877 trillion from N26.451 trillion it opened for the month. The NGX All Share Index also depreciated by 5185.08 basis points or Read More

Domestic equity sheds N25bn

November 3, 2022 Amaka Ifeakandu Lagos 0

Local equity market Thursday returned to bearish run, declining by N25 billion as the Exchange printed more losers against gainers. Market capitalisation of listed equity depreciated by 0.10 per cent to N24.094 trillion from N24.119 trillion reported the previous. The NGX All Share Index also declined by 46.32 absolute points to 44236.70 points from 44283.02 points reported in the previous Read More

Domestic equity rebounds, gains N292bn

November 3, 2022 Amaka Ifeakandu Lagos 0

Transactions on the floor of Nigerian Exchange (NGX) Wednesday closed northward, gaining N292 as gains by shares of Dangactivities, NGX group lifted market activities. Market capitalisation of listed equities appreciated by 1.23 per cent to N24.119 trillion from N23.827 trillion reported yesterday. The NGX All Share Index also increased by 537.29 basis points to 44283.02 points from 43745.73 points reported Read More

Stock market loses N545bn

October 19, 2022 Amaka Ifeakandu, Lagos 0

The local equity yesterday sustained its negative trend as the Nigerian Exchange (NGX) benchmark index dipped by 2.16 per cent following low performance recorded in the shares of some capitalised stocks. The NGX All Share Index depreciated by 999.63 basis points to 45366.32 points from 46365.95 points traded the previous day. Market capitalisation of listed equities also declined by N545 Read More

Total portfolio investment flows through NGX rise to N123.97bn in August

October 16, 2022 Amaka Ifeakandu, Lagos 0

Total transactions at the Nigerian Exchange (NGX) on the Domestic and Foreign Portfolio Investment (FPI) flows increased to N123.97 billion (about $289.04 million in the month of August this year. The amount represents a surge of 22.52 per cent month on month from N101.18billion (about $236.86 million) reported in July 2022. The NGX domestic and foreign portfolio inflow data also Read More

Domestic equity gains N97bn

October 12, 2022 Amaka Ifeakandu, Lagos 0

Domestic equities yesterday opened week in a positive trend, gaining N97 billion . Market capitalisation of listed equities expanded by 0.40 per cent to N25.907 trillion from N25.810 trillion reported the previous day. The NGX All Share Index also appreciated by 214.49 basis points to 47565.92 points from 47351.43 points traded on Friday. Investors traded 125.652 million shares valued at Read More

NGX: 586.939m shares traded in 17,183 deals

The market opened for four trading days this week as the federal government declared Monday 3rd October 2022 a public holiday to mark Nigeria’s 62nd Independence Anniversary. Equity It was a busy week for the Nigerian stock market as a total of 586.939m shares worth N8.837 billion were traded in 17,183 deals last week by investors on the floor of Read More

NGX Board: Experts optimistic about outcome on capital market, economy

October 6, 2022 Amaka Ifeakandu, Lagos 0

Consistent with its bid to strengthen the diversity of the capital market by redefining it as an attractive destination for technology companies, Nigerian Exchange Limited (NGX) said the next wave of growth for home-bred technology companies needs to be anchored on sustainability, agility, collaboration and digital innovation and these are elements that NGX represents”. The NGX stated this during the 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

Domestic equity sheds N111bn

September 30, 2022 Amaka Ifeakandu, Lagos 0

Domestic equity market yesterday closed in negative trend , shedding N111 billion as lose recorded by Nestle Nigeria Plc helped to drag the market down. Market capitalisation of listed equities declined by 0.42 per cent to N26.42 trillion from N26.531 trillion reported the previous day. The NGX All Share Index also depreciated by 206.87 basis points to 48964.83 points from Read More

Bears return as equity market sheds N15bn

September 27, 2022 Amaka Ifeakandu, Lagos 0

Activities of the domestic equities at the Nigerian Exchange yesterday returned to negative run, shedding N15 billion. Market capitalisation of listed equities declined by 0.06 per cent to N26.517 trillion from N26.532 trillion reported the previous day. The NGX All Share Index also depreciated by 27.87 basis points to 49161.45 points from 49189.32 points recorded on Monday. Investors exchanged 139.240 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