The financial services industry during the week led activities on the equity market of the Nigerian Exchange Ltd. (NGX) as investors traded a total turnover of 1.6 billion shares worth N36.50 billion in 42,546 deals this week. The NGX weekly market report revealed that this was in contrast...
NGX
Nigerian Breweries Plc has recorded a net loss of N106 billion for the year ended 2023, as against N13.93 billion posted in its 2022 financials, indicating 860 per cent loss. Company Secretary, Nigerian Breweries, Mr Uaboi Agbebaku, stated this in the audited financial result of the company for...
The equity market of the Nigerian Exchange Ltd. (NGX) ended the week on a positive note, with a gain of N2.11 trillion week-on-week. Specifically, the market capitalisation gained N2.11trillion week-on-week and on Friday closed at N57.849 trillion with a gain of N888 billion or 1.56 per cent, as against...
Bullish sentiment persisted on Thursday at the Nigerian Exchange Ltd. (NGX) equity market, as the market indices rose by 0.58 per cent. Specifically, investors gained N329 billion or 0.58 per cent, as the market capitalisation closed at N56.961 trillion, as against N56.632 trillion recorded on Wednesday. The All-Share...
Representatives of the board and management of Nigerian Exchange Group (NGX Group) and other key stakeholders of the capital market paid condolence visits to the families of late Mr Abimbola Ogunbanjo and Dr Herbert Wigwe. The delegation, led by Alhaji Umaru Kwairanga, Group Chairman, NGX Group, included representatives...
The equity market rebounded to gain N980 billion on Wednesday, following investors improved buy interest in the stocks of Airtel Africa, Geregu and Zenith Bank. Specifically, market capitalisation gained N980 billion or 1.76 per cent to close at N56.632 trillion, as against N55.652 trillion posted on Tuesday. ...
Fidelity Bank Plc says its Board of Directors has extended the tenure of the Chief Executive Officer (CEO), of the bank, Dr Nneka Onyeali-Ikpe, to 2026. Mr Ezinwa Unuigboje, the Company Secretary, said this in a notification sent to the Nigerian Exchange Ltd.(NGX) in Lagos. Unuigboje stated that...
Total share value on the Nigerian Exchange (NGX) Ltd. on Tuesday dropped by N83 billion or 16.2 per cent due to selloffs in the stocks of Tier-One banks Specifically, a total of 263.19 billion shares valued at N4.30 billion were exchanged in 8,614 deals, against 242.43 billion shares...
Investors on the stock market of the Nigerian Exchange Ltd. (NGX) on Monday reacted to the death of Dr Herbert Wigwe, Group Chief Executive Officer (Group CEO), Access Holdings, reducing the company’s share price. The News Agency of Nigeria (NAN) reports that Wigwe, his wife, son and Mr...
The Association of Corporate & Marketing Communications Professionals in Nigeria Banks (ACAMB) has joined the Central Bank of Nigeria (CBN) in extending condolences over the death of Executive Officer, Access Holdings, Herbert Wigwe. ACAMB on Monday in a statement by its President, Rasheed Bolarinwa, expressed sadness and extended...
Trading on the stock market of Nigerian Exchange Ltd. (NGX), on Wednesday, ended on a cautious note with investors losing one billion Naira. Specifically, the market capitalisation which opened at N55.872 trillion dipped one billion naira to close at N55.871 trillion. Similarly, the All-Share index shed 174 points to...
Transaction at the stock market on Friday showed that investors gained N899 billion. Specifically, the market capitalisation, which opened at 56.259 trillion, closed at 57.158 trillion, representing 1.59 per cent increase. Also, the All-Share Index also went up by 1,643.79 points or 1.59 per cent to settle at...
The Nigerian Exchange Ltd. on Friday recorded N138 billion growth following continued investors’ buy interest in stocks of Tier-one banks Specifically, the market capitalisation which opened at N55.900 trillion rose by N138 billion or 0.25 per cent to close at N56.038 trillion. Also, the All-Share Index rose by...
The domestic bourse on Tuesday appreciated further, making the market turnover on the Nigerian Exchange Ltd. (NGX) to rise by 12.97 per cent. Market activities showed that 747.51 million shares valued at N16.28 billion were exchanged in 16,589 deals. As a result, the All-Share Index rose by...
Transactions on the Nigerian Exchange Ltd. (NGX) on Monday continued on a positive territory, following sustained buy interest in Dangote Cement and 41 other stocks. The market capitalisation gained N673 billion or 1.3 per cent to close at N52.408 trillion, compared with 51.735 trillion recorded at the previous...
Dangote Cement’s market capitalization has hit N10tn at the close of trading on Monday, emerging as the first company to achieve that milestone on the Nigerian Exchange. It closed trading with a N10.098tn market cap. This month, it displaced Airtel Africa as the most capitalised stock on the...
The domestic bourse on Friday ended the week on a positive note, with 844.49 million shares valued at N15.04 billion exchanged in 15,255 deals. As a result the All-Share index, went up by 2.88 per cent or 2651.2 points to close at 94,538.12 against 91,896.97 posted on Thursday. Similarly,...
The Nigerian Exchange Ltd. (NGX) closed trading on Wednesday on a negative note, due to price depreciation posted by Tier-one bank stocks and some others. Consequently, the All-Share Index declined by 1,167.46 or 1.4 per cent to close at 82,024.28, as against 83,191.84 recorded on Tuesday. Similarly,...
The domestic bourse on Tuesday further recorded a positive performance, making investors to gain N1.93 trillion. Specifically, the market capitalisation closed at N45.523 trillion, representing N1.93 gain or four per cent when compared with N43.597 trillion recorded on Monday. Consequently, benchmark of the All-Share index increased by four...
Investors net worth on the Nigerian Exchange Ltd. (NGX) further appreciated by N899 billion or 2.11 per cent to end trading for the week. Specifically, market capitalisation closed at N43.593 trillion as against N42.694 trillion recorded on Thursday. Also, the All-Share Index (ASI) also earned 2.11 per cent or...