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NGX News - Page 12

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

Banks’ Recapitalisation Drives 44% Surge In Nigeria’s Equity Market

Banks’ Recapitalisation Spurs Market Growth The ongoing banks’ recapitalisation exercise has significantly impacted Nigeria’s equities market, with transactions surging by 44% in the first seven months of 2024. Deals on the Nigerian Exchange Limited (NGX) from January to July 2024 were N941.62

August 28, 2024

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Nigeria’s Equity Market Dips By 1.16% Amidst Profit-Taking, Bargain Hunting

In the trading week ending on Friday, August 23, Nigeria’s equity market saw a decline of 1.16%, reflecting a complex interplay of profit-taking and bargain hunting activities. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) experienced a further dip during the week,

August 24, 2024

Business·Markets·News

Nigeria’s Equity Market Declines As Investor Sentiment Weakens Further

Equity Market Suffers Continued Decline Nigeria’s equity market continued its downward trend on Thursday, dropping by 0.12 percent as investor sentiment weakened. The market saw significant sell pressure, particularly in key stocks like Transcorp Hotels Plc, which led to notable declines. Major

August 23, 2024

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.

Business·Markets·News

Nigerian Stock Market Rebounds With 0.12% Gain Amid Investor Optimism

Nigerian Stock Market Sees Positive Turnaround After several days of decline, the Nigerian stock market witnessed a modest recovery on Tuesday, with the NGX All-Share Index (ASI) rising by 0.12%. Investors gained a total of N67 billion, helping to offset some of

August 21, 2024

NGX stock market. Photo credit: TheCable

Business·Markets·News

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

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 by profit-taking activities, particularly in the industrial and banking sectors.

August 17, 2024

Business·Markets·News

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

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 the ongoing cautious approach of investors. “Investors are clearly on

August 15, 2024

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

Business·Markets·News

Nigeria’s Stock Market Faces Continued Decline Amid Investor Caution

Nigeria’s stock market experienced another decline on Tuesday, dropping by 0.50% or N279 billion as investors continued to retreat from equities on the Lagos Bourse. This marks the second day of losses in August, raising concerns about the market’s short-term outlook. Analysts

August 14, 2024

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

Finance & Economy·Markets

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

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation further declined by 0.67 per cent at the close of stock market trading on Tuesday, 6th August 2024. This reflects about N371 billion loss. The market opened the week on

August 6, 2024

Business·Finance & Economy·Markets

Nigeria’s Equity Market Closes Week On Positive Note Despite Protests

The Nigeria’s equity market on Friday, August 2, defied the nationwide protest against bad governance, and ended the week on a positive note, gaining by 0.40 per cent. This is the first time it recorded gain during the week. The equity market

August 3, 2024

Business·Markets

NGX ASI Falls 0.31% As United Capital, Nestle Among Top Equity Losers

Nigeria’s equity market again experienced a decline on Tuesday as Nestle Nigeria, United Capital, Africa Prudential, Academy Press, and Thomas Wyatt emerged top 5 losers. Nestle Nigeria had a decline of N90, or 9.78 per cent, from N920 to N830. United Capital’s

July 31, 2024

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NGX News - Page 12

Banks’ Recapitalisation Drives 44% Surge In Nigeria’s Equity Market

Nigeria’s Equity Market Dips By 1.16% Amidst Profit-Taking, Bargain Hunting

Nigeria’s Equity Market Declines As Investor Sentiment Weakens Further

Nigerian Stock Market Rebounds With 0.12% Gain Amid Investor Optimism

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

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

Nigeria’s Stock Market Faces Continued Decline Amid Investor Caution

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

Nigeria’s Equity Market Closes Week On Positive Note Despite Protests

NGX ASI Falls 0.31% As United Capital, Nestle Among Top Equity Losers

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NGX News - Page 12

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