The equity market on Thursday continued its positive trends with investors’ net worth appreciating by N265 billion on bargain hunting.The positive performance was due to investors’ buy interest in the stocks of Tier-one banks The market capitalisation rose by N265 billion or 0.62 per cent, to close at...
NGX
The market capitalisation of the Nigerian Exchange Ltd. (NGX) on Tuesday, first trading of the year, recorded a gain of N666 billion or 1.63 per cent. The gain represents 1.63 per cent, closing at 41.583 trillion, compared to N40.917 trillion recorded on Friday. Also, the All-Share...
By OLA MUDOPE, Lagos – The Chief Executive Officer (CEO) of Nigerian Exchange Limited (NGX), Mr Temi Popoola, has said that the domestic entertainment sector, Nollywood, can help to further boost retail investor activity in the capital market due to its appeal to Nigeria’s younger generation. Popoola...
The nation’s bourse on Thursday rebounded with unprecedented profit, as the market capitalisation gained N401 billion or 0.99 per cent to close at N40.776 trillion, as against N40.375 trillion recorded on Wednesday. The All-Share Index (ASI) also grew by 733.94 or 0.99 per cent to...
The nation’s bourse rebounded on Monday with market capitalisation gaining N9 billion or 0.02 per cent, closing at N39.621 trillion as against N39.612 trillion recorded on Friday. Also, the All-Share index (ASI) gained 15.68 points or 0.02 per cent to settle at 72, 389.23 as against 72,404.91 recorded...
Increased buying interest in the shares of some banks, especially Zenith Bank and Access Holdings lifted investors’ worth on the Nigerian Exchange Ltd. (NGX) by N85 billion. Specifically, the market capitalisation closed at N39.649 trillion as against N39.564 trillion recorded on Wednesday, representing 0.22 per cent increase. Also,...
The equity market on Nigerian Exchange Ltd. (NGX) on Monday closed on a positive note, due to bargain hunting in Airtel and Ecobank Transnational Incorporated (ETI). Specifically, the market capitalisation increased by N70 billion or 0.18 per cent, closing at N39.219 trillion as against N39.149 trillion which posted...
The Chief Executive Officer of the Nigerian Exchange Ltd.(NGX), Mr Temi Popoola, on Wednesday, said that the transition to virtual trading, following the incursion of the COVID-19 pandemic, remained a game changer in the capital market. Popoola stated this while delivering an address at the induction for newly qualified...
The equity market on Nigerian Exchange Ltd. (NGX) on Tuesday closed on a positive note, making All-Share Index (ASI) and Market Capitalisation closed with a gain of N166 billion. The Market Capitalisation closed at N38.989 billion as against N38.823 billion posted during the previous trading, representing 0.43 per...
TAJBank Limited, a Nigeria’s non-interest bank has recorded the highest Tier-1 capital in the non-interest banking sub-sector in the first half of 2023. This is according to a statement by TAJBank’s Chief Executive Officer (CEO), Mr Ahmed Joda Joda said that the audited financial statements...
The Nigerian capital market on Tuesday gained by N510 billion, closing at N39.69 trillion from N36.21 trillion recorded on Monday. Consequently, the market capitalisation increased by 0.51 per cent, making the market to hit a 15-year high. Also, the All-Share Index (ASI) of Nigerian Exchange Ltd. (NGX)...
By TENEBE ANTHONIA, Lagos – With the aim of enhancing investor participation and securities lending transactions in the Nigerian capital market, the Securities and Exchange Commission (SEC), National Pension Commission (PENCOM) and Nigerian Exchange Limited (NGX) have reaffirmed their commitment to further developing the securities lending landscape....
By TENEBE ANTHONIA, Lagos – F Nigerian Exchange Limited (“NGX”) has announced the reclassification of Fidelity Bank Plc from Small price stock to Medium price stock. Rule 15.29 of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules) noted that equities priced above N5 per share for...
By TENEBE ANTHONIA, Lagos – Equity investors who have endured long periods of bearish sentiments on the floor of Nigerian Exchange Limited (NGX) have cause to smile as their wealth rose to N5.3 trillion in the first six (H1) of 2023 amid audacious macroeconomic reforms under the...
The stock market of the Nigerian Exchange Ltd. (NGX) on Thursday gained further due to investors’ renewed interest in MTN Nigeria Communications (MTNN) Plc and 22 others. The NGX All Share Index (ASI) rose by 809.41 points or 1.51 per cent to close at 54,413.21 from basis points. Accordingly,...
By TENEBE ANTHONIA, Lagos – As part of activities commemorating Global Money Week, Nigerian Exchange Limited (NGX), in partnership with Social Media leading voices on finance and investment, organised a Twitter Spaces on money management and sustainable investing. The forum which was hosted via a Twitter Spaces session on...
Investors at the stock market of the Nigerian Exchange Ltd. (NGX) on Monday lost N16 billion due to sell-offs in medium and largely capitalised stocks. The NGX All Share Index (ASI) decreased by 29.35 basis points or 0.05 per cent to close at 54,886.04 basis points from 54,915.39 recorded...
Sentiments remained bearish at the Nigerian Exchange Ltd., (NGX) as market capitalisation decreased by N46 billion or 0. 16 per cent to N28.658 trillion from N28.704 trillion recorded on Tuesday. Similarly, the All-Share Index (ASI) decreased by 85.8 points, representing a dip of 0.16 per cent to close at...
Trading on the Nigerian Exchange Ltd., (NGX) closed negative Thursday with market capitalisation losing N430 billion or 1.53 per cent to close at N27.706 trillion from N28.136 trillion on Wednesday. Also the All Share Index (ASI) dropped by 789.04 points or 1.53 per cent to close at 50,868.52 from...
By JOSEPH KADIRI, Lagos – The Nigerian Exchange Limited (NGX) has marked the final trading day of the year on 30 December 2022 with a Closing Gong Ceremony featuring renowned filmmaker Kemi Adetiba. Adetiba, the founder of Kemi Adetiba Visuals and director of critically acclaimed movies “Wedding Party” and...