Stock market dips 0.06% to N27.24trn

August 3, 2022 Amaka Ifeakandu, Lagos 0

Transactions on the floor of Nigerian Exchange on Wednesday dipped, shedding N17 billion. The NGX trading result showed that Market capitalisation of listed equities declined by 0.06 per cent to N27.238 trillion from N27.300 trillion recorded on Tuesday. The NGX All Share Index also depreciated 31.07 basis points to 50594.97 points from 50626.04 points reported the previous day. Investors traded 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

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

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

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

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

Stock market sustains bearish run, loses N73bn

June 1, 2022 Amaka Ifeakandu, Lagos 0

Local equities Tuesday sustained its negative run , shedding N73 billion as profit booking persist in the market. Market capitalisation of listed equities declined further by 0.25 per cent to N28.916 trillion from N28.989 trillion reported the previous day. The NGX All Share Index also depreciated by 135.00 basis points to 53637.14 point from 53772.14 points reported the previous day. Read More

Nigeria: Stock market begins new week on negative note

May 22, 2022 Segun Odunewu 0

Trading on the floor of the Nigerian Stock Exchange will begin the new week on a negative note as the nation’s bourse closed on a downward trend on Friday, with market capitalisation dropping by N159 billion to close at N28.562 trillion compared with N28.721 trillion achieved on Thursday. In the same vein, the All-Share Index lost 295.53 points or 0.55 Read More

Bulls return as Stock market gains N299bn

May 20, 2022 Amaka Ifeakandu, Lagos 0

Transactions on the floor of Nigerian Exchange yesterday rebounded, gaining N299 billion following increase in volume of activities in the shares of MTN Nigeria. The NGX trading result for the day showed that market capitalisation of listed equities increased by 1.05 per cent to N28.721 trillion from N28.422 trillion reported the previous day. The NGX All Share Index also appreciated Read More

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

Stock market sustains bearish run, sheds N101bn

May 18, 2022 Amaka Ifeakandu, Lagos 0

Transaction on the floor of Nigerian Exchange NGX yesterday sustained bearish sentiment, dropping by N101 billion. Market capitalisation of listed equities yesterday declined by 0.35 per cent to N28.441 trillion from N28.542 trillion reported the previous day. The NSE All Share Index also depreciated by 187.47 basis points to 52944.09 points from 52756.62 points traded the previous day. Investors traded 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

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 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

Foreign portfolio investments declines by 40% to 5-year low

January 25, 2022 Blessing Anaro 0

Foreign portfolio investments in Nigerian stock market dropped by 40.4 per cent in 2021 to its lowest level in five years as the active participation of foreign investors in Nigerian market declined by 11 percentage points from about 34 per cent of total market transactions in 2020 to about 23 per cent in 2021. The full-year foreign portfolio investments (FPI) Read More

Analysts list factors that’ll shape stock market, economy in 2022

December 29, 2021 Segun Odunewu 0

Some capital market operators have listed events that will shape the stock market and the economy in 2022. Speaking in Lagos, they said the market and the economy would be impacted by the Monetary Policy Committee, 2022 budget implementation, and consumer price index, among others. Mr. Ambrose Omordion, Chief Operating Officer, InvestData Ltd., said budget implementation, economic data, political activities Read More