Bulls stage come back as equity market gains N32bn

November 22, 2023 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange on Tuesday closed northward, gaining N32 billion as small and medium stocks lifted the market during the day. Market capitalisation of listed equities appreciated by 0.08 per cent to N39.082 trillion from N39.050 trillion reported the previous day. The NGX All Share Index also increased by 57.94 basis points to 71066.64 points Read More

NSE index crosses 70,000 mark, as market gains N739bn

November 2, 2023 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange (NGX) started the month November on a bullish note, appreciating by N739 billion. The increase in the shares price of Airtel Africa, FBNHoldings, Cadbury Nigeria Plc, Zenith Bank, Flour Mills Nigeria Plc, Presco, AccessCorp, GTCO Plc , Flour Mills Nigeria Plc and other 28 companies lifted market activities as NSE index crosses Read More

Equity market sustains bullish run, gains N117bn

June 22, 2023 Amaka Ifeakandu 0

Market capitalisation of listed equities increased by 0.36 per cent to N32.302 trillion from N32.185 trillion reported the previous day. The nation’s domestic equity market sustains growth profile on Wednesday, appreciating by N117 billion, as selloff in shares of some small and medium stocks lifted activities in the market. The NGX All Share Index also appreciated by 213.93 basis points Read More

Equity market continues growth, gains N992bn

June 14, 2023 Amaka Ifeakandu 0

The nation’s equity market on Wednesday remained on positive direction gaining N992 billion following gains recorded by medium and large stocks. Market capitalisation of listed equities increased by N3.12 per cento N32.662 trillion from N31.670 trillion reported the previous day. The NGX All Share Index also appreciated by 1821.55 basis points to 59985.10 points from 58173.55 points reported the previous Read More

Equity market rebounds, gains N126bn

June 6, 2023 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange (NGX) on Tuesday returned to positive trend appreciating by N126 billion. Market capitalisation of listed equities increased by 0.41 per cent to N30.513 trillion from N30.387 trillion reported the previous day. The NGX All Share Index also appreciated by 230.14 basis points to 56036.85 points from 55806.71 points traded on Monday. Investors Read More

Equity market sustains bullish run, gains N111bn

May 17, 2023 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange (NGX) on Tuesday remained bullish, gaining N111 billion following gain recorded by some medium and large stocks. Market capitalisation of listed equities increased by 0.39 per cent to N28.542 trillion from N28.431 trillion reported on Monday. The NGX All Share Index also appreciated by 188.04 basis points to 52419.33 points from N52231.29 Read More

ears return as equity market sheds N201bn

May 11, 2023 Amaka Ifeakandu 0

Domestic equity market on Wednesday returned to bearish run, declined by N201 billion following loss recorded by BuaCement and other medium stocks. Market capitalisation of listed equities depreciated by 0.70 per cent to N28.428 trillion from N28.629 trillion traded on Tuesday. The NGX All Share Index also depreciated by 396.35 basis points to 52209.06 points from 52605.41 points recorded the Read More

Equity market sheds N81bn

April 5, 2023 Amaka Ifeakandu 0

The nation’s domestic equity Tuesday sustained its downward trend, declining by N81 billion. Market capitalisation of listed equities went down 0.27 per cent to close at N29.436 trillion from N29.436 trillion reported the previous day. The NGX All Share index also depreciated by 148.95 basis points to 54035.39 points from 54184.34 points traded the previous day. The downturn was impacted Read More

Increase in domestic participation supports NGX market growth in 1Q’23

April 4, 2023 Admin III 0

The nation’s equity market in the first quarter of this year recorded positive growth, despite election uncertainties and global economic crisis. AMAKA IFEAKANDU writes on the factors that contributed to the growth of the market and other challenges experienced the period. Election related risks The nation’s equity market has recorded positive performance in the first quarter of this year, defying Read More

Equity market rebounds, gains N261bn

March 30, 2023 Amaka Ifeakandu 0

Domestic Equity market on Wednesday rebounded gaining N261 billion following gain recorded by some highly capitalised and medium stocks. Market capitalisation of listed equities appreciated by 0.90 per cent to N29.201 trillion from N28.940 trillion it closed on Tuesday. The NGX All Share Index also increased by 479.17 basis points to 53603.80 points from 53124.63 traded the previous day. A Read More

Equity market sustains bearish run, dips by N341bn

March 29, 2023 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange (NGX) on Tuesday sustained a bearish run, shedding N341 billion, following loss recorded by some capitalised stocks like Dangote Cement and others. Market capitalisation of listed equities depreciated by 1.16 per cent to N28.940 trillion from N29.281 trillion it closed on Monday. The NGX All Share Index also declined by 1164 basis Read More

Equity market opens week bearish, sheds N622bn

March 28, 2023 Amaka Ifeakandu 0

The nation’s domestic equity on Monday closed bearish, shedding N622 billion following loses recorded by Airtel Africa and other highly capitalised stocks. Market capitalisation of listed equities declined by 2.08 per cent to N29.281 trillion from N29.903 trillion reported on Friday The NGX All Share Index also dropped by 1141.76 basis points to 53750.77 points from 54892.53 traded the previous Read More

Bears return as equity market sheds N7bn

March 23, 2023 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange (NGX) Thursday returned to bearish run, depreciating by N7 billion. Market capitalisation of listed equities declined by 0.023 per cent to N29.920 trillion from N29.927 trillion reported the previous day. The NGX All Share Index also depreciated by 12.03 basis points to 54924.08 points from 54936.11 traded on Wednesday. An analysis of Read More

Equity market opens bearish, sheds N16bn

March 21, 2023 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange resumed the new week on a negative note, shedding N16 billion as profit taking activities persisted in the market. Market capitalisation of listed equities close lower, declining by 0.05 per cent to N29.899 trillion from N29.915 trillion reported the previous day. Similarly, the NGX All Share Index also depreciated by 29.35 basis Read More

Equity market loses N313bn

March 17, 2023 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange continued in negative direction Thursday, shedding N313 billion following loss recorded by medium scale stocks. Market capitalisation of listed equities declined further by 1.04 per cent to N29.915 trillion from N30.228 trillion reported the previous day. The NGX All Share Index also depreciated by 574.59 basis points to 54915.61 points from 55490.20 Read More

Equity market sustains bearish run, sheds N127bn

March 16, 2023 Amaka Ifeakandu 0

The local equity on Wednesday experienced further decline as the market closed negative, shedding N127 billion. Market capitalisation of listed equities declined by 0.42 per cent to N30.228 trillion from N30.355 trillion traded on Tuesday. The NGX All Share Index also depreciated by 232.70 basis points to 55490.20 points from 55722.90 points reported the previous day. A review of the Read More

Equity market declines by N36bn

February 10, 2023 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Exchange (NGX) on Thursday closed in negative trend, shedding N36 billion as investors engage in profit taking ahead of companies release of 2022 financial scorecards. Market capitalisation of listed equities declined by 0.12 per cent to N29.608 trillion from N29.644 trillion reported on Wednesday. The NGX All Share Index also depreciated by 67.15 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

Bulls return as equity market gains N73bn

December 14, 2022 Amaka Ifeakandu Lagos 0

Domestic equities on Wednesday closed in a positive trend gaining N73 billion, despite low volume of transactions and profit taking activities witnessed in the market during the day. Market capitalisation of listed equities increased by 0.27 per cent to N26.682 trillion from N26.609 trillion reported the previous day. The NGX All Share Index also appreciated by 134.50 basis points to Read More

Equity market sheds N25bn

December 13, 2022 Admin III 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

Equity market gains N63bn

December 6, 2022 Amaka Ifeakandu Lagos 0

Domestic equity market Monday opened on a positive note, gaining N63 billion as sell offs in shares of FBNHoldings, Zenith, GTCO, UDPCReits and others lift equity market. Market capitalisation of listed equities increased by 0.24 per cent to N26.291 trillion from N26.228 trillion reported the previous day. The NGX All Share Index also appreciated by 115.58 basis points to 48270.23 Read More

Equity market gains N184bn

December 1, 2022 Amaka Ifeakandu Lagos 0

Trading activities on the floor of Nigerian Exchange on Wednesday returned to positive trend, gaining N184 billion. Market capitalisation of listed equities increased by 0.71 per cent to N25.959 trillion from N25.775 trillion reported the previous day. The NGX All Share Index also appreciated by 337.17 basis points to 47660.04 points from 47322.87 points reported on Tuesday. Investors traded 107.019 Read More