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Equity market

Nigeria’s Equity Market Sees N120bn Rise Despite Interest Rate Hike

September 28, 2024

Equity Market Surges Amid Interest Rate Hike Nigeria’s equity market gained N120 billion last week, rising 0.21 percent despite a surprising interest rate hike by the Central Bank of Nigeria (CBN). The

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Nigeria’s Equity Market Records First Decline After CBN’s Rate Hike, Investors Lose N267bn

September 27, 2024

Nigeria’s equity market saw a 0.47% drop on Thursday following the Central Bank’s decision to raise the Monetary Policy Rate. Equity Market Reacts to CBN Rate Hike Nigeria’s equity market experienced its

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Nigeria’s Stock Market Rises By 0.18% Despite CBN Interest Rate Hike

September 25, 2024

Nigeria’s stock market saw a 0.18% increase on Tuesday, adding N104 billion in value despite the Central Bank of Nigeria’s (CBN) recent hike in the Monetary Policy Rate (MPR). The equity market

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

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Equity Market In Nigeria Surpasses 2023 Record With N3.47trn Trade In 8 Months

September 25, 2024

Nigeria’s equity market has broken records, reaching a staggering N3.47 trillion in transactions during the first eight months of 2024, significantly surpassing the N2.41 trillion traded throughout the entirety of 2023. This

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

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Nigeria’s Equity Market Rises By 0.14% Ahead Of Monetary Policy Committee Meeting

September 24, 2024

Equity Market Sees Early Gains as Investors Await MPC Decision Nigeria’s equity market opened the week with a 0.14% increase on Monday, driven by gains in Flour Mills, Fidelity Bank, and FCMB

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Nigeria’s Equity Market Gains 0.81% As Investors Eye Tier-1 Banks Earnings

September 21, 2024

Nigeria’s equity market experienced a notable increase of 0.81 per cent during the holiday-shortened trading week, which ended on Friday, 20th September. The market’s growth led to an overall gain of N454

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Nigeria’s Equity Market Rises By 0.56% Amid Profit-Taking In Consumer Goods, Industrial Stocks

September 19, 2024

Equity Market Sees Steady Growth Amid Mixed Stock Performance The Nigerian equities market continued its upward journey on Wednesday, driven primarily by investor interest in banking, insurance, and oil & gas stocks.

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Nigeria’s Equity Market Records 0.62% Gain Ahead Of CBN Treasury Bills Auction

September 11, 2024

Equity Market Posts 0.62% Gain Nigeria’s equity market ended its trading session on Tuesday with a 0.62% increase, marking its first gain this week. The Nigerian Exchange Limited (NGX) All Share Index

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Nigeria’s Equity Market Sees N83 Billion Decline Amid Sell-Offs In Big Stocks

September 9, 2024

The Nigerian equity market saw a significant dip last week, losing N83 billion as a result of sell-offs in major stocks. Both the All-Share Index (ASI) and the market capitalisation fell by

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Nigeria’s Equity Market Shows Resilience, Investors Reap N45bn Gains Despite Profit-Taking

September 4, 2024

Nigeria’s equity market showed resilience on Tuesday as it added N45 billion, despite some profit-taking activities. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation both rose slightly, closing at

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Nigeria’s Equity Market Climbs 0.49% as Investors Respond to Q2 GDP Growth

August 28, 2024

Nigeria’s Equity Market Reacts to Positive Q2 GDP Report Nigeria’s equity market recorded its second consecutive day of gains on Tuesday, with the All-Share Index (ASI) rising by 0.49%, translating to a

NGX stock market. Photo credit: TheCable

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Equity Market Sees Renewed Optimism Amid Positive GDP Growth

August 27, 2024

Equity Market Responds to Positive GDP Growth Nigeria’s equity market opened the week on a high note as investors responded positively to the latest economic data released by the National Bureau of

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Nigeria’s Equity Market Dips As Oando, Nascon, Others Pull Back On Key Stocks

August 22, 2024

Nigeria’s Equity Market Records Minor Dip Amid Profit-Taking The Nigerian equity market witnessed a slight decline on Wednesday as investors opted to sell off shares in some major companies, causing the All-Share

6 Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

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Nigerian Equity Market Continues Downward Trend, Losing N847bn In 2 Weeks

August 19, 2024

Nigerian Equity Market Faces Extended Downtrend The Nigerian equity market continued its downward trend for the second consecutive week, losing a staggering N847.03 billion due to widespread sell-offs. This ongoing decline is

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Nigeria’s Equity Market Declines By 1.51% As Profit-Taking Hits Industrial, Banking Stocks

August 17, 2024

Equity Market Experiences Downturn Amid Profit-Taking Nigeria’s equity market witnessed a significant drop last week, with the All-Share Index (ASI) declining by 1.51 per cent. The market’s downward shift was primarily driven

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Nigeria’s Equity Market Faces Continued Decline As Investors Lose N108bn

August 15, 2024

Third Consecutive Decline in the Equity Market Nigeria’s equity market continued its downward trend on Wednesday, marking the third consecutive day of losses. The market recorded a 0.14 per cent decrease, reflecting

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

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Equity Markets Gain 0.17% Amid Renewed Investor Interest

June 27, 2024

Market Performance Nigeria’s equity markets saw their first gain this week, rising by 0.17% or N41 billion on Wednesday. The All Share Index (ASI) increased to 99,385.44 points, and the equities market

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Nigeria’s Equity Market Sees N103bn Loss To End The Holiday Shortened Week

June 22, 2024

Equity Market Drops 0.18% in Holiday-Shortened Week Nigeria’s equity market experienced a slight decline of 0.18 percent, equating to a N103 billion loss, in the holiday-shortened trading week ending Friday, June 21.

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Nigeria’s Equity Market Closes Flat As Investors Remain Cautious

June 21, 2024

For the first time in weeks, Nigeria’s equity market closed flat on Thursday, reflecting a wait-and-see attitude among investors. The Nigerian Exchange Limited (NGX) saw active trading in stocks such as FBN

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Nigerian Equity Market Suffers N47bn Loss Post Eid Holiday

June 20, 2024

Investors in the equity market experienced a notable loss of about N47 billion on Wednesday as the Nigerian Exchange resumed trading after the two-day Eid al-Fitr holiday. The market faced a bearish

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Nigerian Equity Market Recovers With N144bn Gain

June 14, 2024

The Nigerian equity market bounced back from Tuesday’s loss with a significant gain of N144 billion on Thursday. The recovery was driven by notable performances from Nigerian Breweries, Unity Bank, NEM Insurance,

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Nigerian Equity Market Sees N92.32bn Loss Amid Mixed Performance

June 12, 2024

The Nigerian equity market experienced a notable decline on Tuesday, with losses amounting to N92.32 billion. This drop was primarily driven by dips in the stock values of National Salt Company, Thomas

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Equity Market Dips As Investors Offload Key Stocks

June 7, 2024

The Nigerian equity market experienced a downturn on Thursday, failing to sustain the gains from the previous day. The market declined by 0.15 percent by the close of trading, reflecting earlier predictions

Nigeria's Stock Market Rises As Investors Target Undervalued Shares

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Nigeria’s Equity Market Sees First Gain Of The Week, Rises By 0.24%

June 6, 2024

Nigeria’s equities market recorded its first gain this week on Wednesday, as investors engaged in bargain hunting, pushing the market higher by 0.24%. This positive close came after two consecutive sessions of

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Profit-Taking Dips Nigerian Equity Market By 0.12% Amid Banking, Insurance Activity

June 5, 2024

Nigeria’s equity market moved further into negative territory on Tuesday, declining by 0.12 percent as investors took profits in several stocks, including International Energy, UPDC, Unity Bank, and Chams. This drop follows

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NGX: Equity Market Rally Continues For Third Day With N246bn Gain

May 30, 2024

The equity market extended its rally for the third consecutive day on Wednesday, with investors gaining approximately N246 billion. This increase was driven by notable performances from Abbey Mortgage Bank, the National

Business News·Markets·News

NGX Reports Sharp Decline In Equity Market Transactions For April 2024

May 28, 2024

The Nigerian Exchange Limited (NGX) has announced a drop in total domestic and foreign portfolio transactions in Nigeria’s equity market for April 2024. The total transactions amounted to N346.23 billion, a decrease

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NGX: Equity Market Continues Downtrend As Investors Lose N84bn

May 24, 2024

The Nigerian equity market extended its losing streak on Thursday, shedding N84 billion in market capitalization. This decline was primarily driven by losses in Skyway Aviation Handling, NEM Insurance, and 26 other

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Equity Market Rises 0.11% As Investors Flock To Nestle Nigeria Plc Ahead Of Annual Meeting

May 22, 2024

Nigeria’s equities market saw a modest gain of 0.11% on Tuesday, driven by heightened investor interest in Nestle Nigeria Plc. The company’s upcoming annual meeting on May 22 prompted increased buying activity,

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Equity Market Gains N29bn As Investors Eye MPC Outcome

May 21, 2024

Nigeria’s equity market saw a marginal uptick on Monday, with gains of 0.05% amounting to N29 billion, as investors kept a keen watch on the ongoing Monetary Policy Committee (MPC) meeting. The

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Equity Market Sees Lowest Point Despite Bullish Start To 2024

The equity market faced a downturn on Tuesday as the benchmark index dropped to 97,473.98, a reversal from the bullish trend observed earlier this year. This decline marks a departure from the optimism that characterized the market’s performance in the first quarter

May 15, 2024

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NGX: Investors Lose N297bn As ASI Dips By 0.53%

Investors on the Nigerian Exchange Limited faced a tumultuous Monday, as the stock market witnessed a dip, resulting in a collective loss of N297 billion. The downturn was primarily propelled by declines in the share prices of key players such as Seplat,

May 14, 2024

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Equity Market Witnesses Decline As Analysts Predict Mixed Sentiment

Last week, the Nigerian equity market experienced a downturn, with the All-Share Index dropping by 1.36 percent to 98,233.76 points. This decline was accompanied by a 1.35 percent decrease in market capitalization, closing at N55.56 trillion. The market saw losses across several

May 13, 2024

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Equity Market Maintains Stability Despite Previous Downturn

Nigeria’s equity market held steady today, following a two-day period of declines. The Nigerian Exchange Limited (NGX) All Share Index (ASI) closed unchanged at 98,223.97 points, mirroring Tuesday’s figure, while the market capitalization dipped slightly from N55.554 trillion to N55.552 trillion, marking

May 9, 2024

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NGX: Equity Market Dips As Investors Face N269bn Loss

The Nigerian Exchange Limited witnessed a decline in the equity market on Tuesday, with the All-Share Index dropping by 0.48%, settling at 98,228.50 points. This downtrend was propelled by losses incurred by FBN Holdings, Unity Bank, and Champion Breweries. Investors experienced a

May 8, 2024

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NGX: Nigerian Equity Market Rebounds After N3.54trn Rise In April

After enduring a tumultuous April where it suffered a loss of N3.54 trillion, the Nigerian equity market has bounced back, marking its first weekly gain. Investors, seeking better returns, fueled this upward trajectory, shifting focus to alternative markets. The preceding weeks were

May 6, 2024

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Equity Market Sees Sell-Offs As Investors Lose N154bn

The equity market experienced a bearish trading session on Monday, with investors losing N154 billion due to a decline in 19 stocks, including Dangote Sugar, Secure Electronic Technology, and CAP. Despite more advancing stocks (25) than declining ones, the market sentiment remained

April 30, 2024

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NGX Sees 7th Day Of Losses, N304bn Equity Drop, FBN’s SWOOT Exit

The Nigerian Stock Exchange (NGX) witnessed another day of downturn, marking the seventh consecutive day of losses for investors. The NGX All-Share Index, a key indicator of market performance, took a hit, dropping by 537.44 points to close at 101,777.12 points. This

April 16, 2024

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NGX Investors Witness N220bn Loss Amidst Market Volatility

NGX Investors in the Nigerian equities market found themselves grappling with a loss of N220 billion as trading came to a close on Monday. This downturn was underscored by the dip in the share value of several entities, including Abbey Mortgage Bank,

April 9, 2024

Business News·Markets·News

Volatile Week As Equity Market Sheds N623bn In Value

Last week, the equity market in Nigeria faced turbulence, losing N623bn in value as fund managers maneuvered their portfolios ahead of the impending first-quarter results. The market indices took a hit, with a decline of 1.08 percent, settling at 103,437.67 points, while

April 8, 2024

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