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

Investors stake N1.486bn in shares as indicators nudge ahead

September 13, 2022 Amaka Ifeakandu, Lagos 0

Activities on the floor of Nigerian Exchange remained low as investors exchanged N1.487 billion on 160.243 million shares in 3847 deals. This is against 86.594 million shares worth N1.170 billion exchanged hands the previous day in 3377 deals. The NGX trading result showed that market capitalisation of listed equities increased marginally by N1 billion or 0.003 per cent to N26.768 Read More

Companies’ liquidity worsen as foreign investors cut investment

August 24, 2022 Segun Odunewu, Lagos 0

Foreign investors are cutting down on their investment into the Nigerian stock market, and this is affecting companies’ liquidity sources, investigation has revealed. According to findings, foreign portfolio investors have cut down investment in the Nigerian stock market by 37.24 per cent, as they transacted N273.16 billion stocks between January and July 2022, against the N435 billion traded during the 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

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

Real estate firms raised over N72bn from NGX in 10 years

August 7, 2022 Blueprint 0

The Nigerian Exchange Limited (NGX) said it has raised over N72 billion for real estate companies in 10 years just as it plans to launch an initiative known as Impact Board to address the lingering housing deficit. Group Chief Executive Officer, Nigerian Exchange Group Plc, Oscar Onyema, stated this at the 16th Africa International Housing Show themed, ’Housing for All: Read More

NGX commends Lafarge Africa for disclosure to market stakeholders

August 3, 2022 Amaka Ifeakandu, Lagos 0

Nigerian Exchange Limited (NGX) has commended Lafarge Africa Plc for its consistency in disclosing sustainability performance to capital market stakeholders. The NGX mad this statement during the Facts Behind the Sustainability Report (FBSR) presentation of Lafarge Africa hosted by NGX. In his opening remarks, Chief Executive Officer, NGX, Mr Temi Popoola, applauded Lafarge Africa Plc for its consistency in leveraging Read More

Stock market loses N281bn

July 28, 2022 Amaka Ifeakandu, Lagos 0

The nation’s equity market yesterday sustained declining profile, shedding N281 billion as selling off pressure persist. Market Capitalisation of listed equities decreased by 1.04 per cent to N26.783 trillion from N27.064 trillion reported the previous day. Investors traded 206.217 million shares valued at N3.920 billion in 5053 deals against 829.551 million shares cost N4.105 billion exchanged hands in 4977 deals. Read More

Stock market opens on a positive note, gains N57bn

July 19, 2022 Amaka Ifeakandu, Lagos 0

Trading activities on the floor of Nigerian Exchange NGX yesterday opened week on a positive trend, gaining N57 billion. Market capitalisation of listed equities increased by 0.20 per cent to N28.214 trillion from N28.157 trillion reported the previous day. The NGX All Share Index also appreciated by 104.82 basis points to 52319.94 point from 52215.12 points it closed on Friday. Read More

Listing on NGX allows for public participation – Stakeholders

July 10, 2022 Amaka Ifeakandu 0

Stakeholders in the nation’s capital market have said that listing of shares on the Nigerian Exchange (NGX) create opportunity for democratization and public participation. They commended NGX for providing a vibrant listing platform for government and corporates to meet their business objectives. On the improvement opportunities in the listing process, they also argued that there is a need to shorten Read More

NGX remains preferred listing platform for capital raising

July 10, 2022 Amaka Ifeakandu 0

The Chairman of Nigerian Exchange NGX Mr. Abubakar Mahmoud (SAN) has said NGX as the Nigeria’s premier securities exchange, remains strategically positioned to support the aspirations of its stakeholders and the Nigerian economy as a whole. The chairman made this statement in Lagos at the NGX Chief Executive Officer Roundtable with a theme “Creating the Enabling Ecosystem for Accessing Capital Read More

Ardova set to file 2021 audited financial statement

July 4, 2022 Amaka Ifeakandu, Lagos 0

The Board and Management of Ardova Plc (Ardova), has allayed concerns over the recent suspension of trading of the company’s securities on the Nigerian Exchange Limited (NGX) over the late filing of its 2021 Audited Financial Statements. The delay in submission was primarily due to the accounting reconciliations that followed the acquisition of Enyo Retail and Supply Limited (ERSL), a 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

Stock market sustains bullish run, gains N139bn

June 28, 2022 Amaka Ifeakandu, Lagos 0

The nation’s domestic equity market on Monday continued in bullish run as the two market indicators of the Nigerian Exchange close higher, appreciating by 0.49 per cent. Market capitalisation of listed equities increased by N139 billion to N28.013 trillion from N27.874 trillion reported the previous day. The NGX All Share Index also grew by 257.24 basis points to 51962.85 points 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

Stock market loses N551bn

June 20, 2022 Amaka Ifeakandu, Lagos 0

Equity trading at the Nigerian Exchange NGX) Monday closed on bearish trend, shedding N551 billion as investors sustained profit booking in majority of banks shares. Market capitalisation of listed equities declined by 1.97 per cent to N27.363 trillion from N27.914 trillion reported the previous day. The NGX All Share Index also depreciated by 1021 basis points to 50756.74 points from 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

NGX wants firms to ensure sustainability reporting

June 13, 2022 Amaka Ifeakandu, Lagos 0

The Chief Executive Officer of Nigerian Exchange Limited (NGX), Mr. Temi Popoola, has called on businesses to adopt sustainable business practices and report sustainability performance to stakeholders to promote inclusivity in transformational initiatives for the economy and society. This call was made while speaking at the Digital Closing Gong Ceremony, organised by NGX in celebration of the 2022 World Environment Read More

NGX calls for positive actions towards sustainability reporting

June 13, 2022 Amaka Ifeakandu, Lagos 0

The Chief Executive Officer of Nigerian Exchange Limited (NGX), Mr. Temi Popoola, has called on businesses to adopt sustainable business practices and report sustainability performance to stakeholders to promote inclusivity in transformational initiatives for the economy and society. This call was made while speaking at the Digital Closing Gong Ceremony, organised by NGX in celebration of the 2022 World Environment Read More

Popoola reaffirms NGX capacity to provide sustainable development

June 9, 2022 Amaka Ifeakandu, Lagos 0

The chief Executive Officer of Nigerian Exchange Limited (NGX), Mr. Temi Popoola has reaffirmed the capacity of NGX in advancing sustainable development and combat climate change by fostering the growth of long-term sustainable finance. Popoola while celebrating World Environment Day, said as the sustainable exchange championing Africa’s growth, NGX has a long-standing commitment to fostering the growth of long-term sustainable Read More

Stock market opens positive, gains N97 billion

June 7, 2022 Amaka Ifeakandu, Lagos 0

Trading activities on the floor of Nigerian Exchange (NGX) yesterday opened the week on a positive note, gaining N97 billion . Market capitalisation of listed equities increased by 0.34 per cent to N28.619 trillion from N28.522 trillion reported on Friday. The NGX All Share Index also appreciated by 178.22 basis points to 53086.46 points from 52908.24 points traded the previous 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

Stock market loses N358bn

June 1, 2022 Amaka Ifeakandu, Lagos 0

Trading activities on the floor of Nigerian Exchange (NGX) remained on negative trend, shedding N358 billion. The NGX trading result showed that Market capitalisation of listed equities decreased by 1.24 per cent to N28.558 trillion from N28.916 trillion reported the previous day. The NGX All Share Index also depreciated by 662.99 basis points to 52974.15 points from 53637.14 points reported Read More