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Stock market daily report

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

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

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

Business News·Markets·News

Nigeria’s Equity Market Records 0.08% Decline In August As Investors Shift Focus Amid Economic Optimism

August 31, 2024

Equity Market Sees August Decline The Nigerian equity market witnessed a notable decline in August, with the All-Share Index (ASI) dropping by 0.80%. Investors saw their portfolios shrink by approximately N33 billion,

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Nigeria’s Equity Market Declines By 0.32% As Investors Shift To Risk-Averse Strategy

August 29, 2024

Market Records First Negative Close This Week Nigeria’s equity market experienced its first negative close this week as investors adopted a more cautious approach. On Wednesday, the market decreased by 0.32%, shedding

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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

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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Stock Market Rallies With 0.30% Gains In Major Stocks

July 16, 2024

Investors Rejoice as Stock Market Rebounds Investors in the Nigerian stock market experienced a significant boost as the Lagos bourse rallied by 0.30 per cent on Monday. Remarkable gains were seen in

Business News·Markets·News

Equity Market Continues Decline As Seplat Energy Leads Fall

July 12, 2024

Seplat Energy Takes a Hit Nigeria’s equity market experienced a downturn on Thursday, with a decline of 0.33 per cent, amounting to a loss of N188 billion. This drop was primarily driven

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Nigerian Stock Market Closes Flat Amid Sell-Side Pressure

July 11, 2024

Market Overview The Nigerian stock market ended the trading session on Wednesday flat, despite significant sell-side pressure observed earlier in the week. The market closed without major changes as investors chose to

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

Business News·Markets·News

UACN, Africa Prudential, Ikeja Hotel, Others Drive Equity Market Loss Of N114bn

July 10, 2024

Equity Market Sees a Downturn The Nigerian equities market experienced a decline on Tuesday, falling by 0.20% or N114 billion. This downturn was primarily due to investors selling shares of major companies

Equities Market Sees 0.04% Decline To End Trading Week Amid Mixed Investor Sentiment

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Equity Market Sees 0.04% Decline To End Trading Week Amid Mixed Investor Sentiment

July 6, 2024

Slight Decrease in Equity Market Nigeria’s equity market ended the trading week on Friday, July 5, with a slight decline of 0.04 per cent. The mixed performance was in line with analysts’

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Equity Market Maintains Positive Momentum, Rises By 0.23% Despite Low Activity

July 4, 2024

Positive Performance in the Nigerian Equity Market Nigeria’s equity market recorded a 0.23 per cent increase at the close of trading on Wednesday, marking the second consecutive positive trading session this week.

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Equity Market Records Positive Close As Stocks Show Mixed Performance

July 3, 2024

Nigeria’s equity market recorded its first positive close for the month on Tuesday, July 2, with a slight rise of 0.05 percent after a 0.04% decline from Monday trading as reported by

Business News·Markets·News

NGX All-share Index Breaks Threshold As Oil, Gas Drive Gains

June 29, 2024

NGX All-share Index Surpasses Psychological Milestone The Nigerian stock market All-share Index (ASI) broke past the 100,000-point threshold as trading activity picked up momentum. The milestone was reached after the stock market

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Equity Market Gains N323bn As Key Stocks Soar

June 11, 2024

On Monday, the equity market experienced a boost, gaining N323 billion. This was primarily driven by the appreciation in the shares of Flour Mills Nigeria, Total Nigeria, Access Holding, and 27 other

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Equity Market Sees Decline As Nigerian Exchange Loses N102 billion

June 4, 2024

The Nigerian Exchange witnessed a loss on Monday, shedding N102 billion in equity market. This downturn was primarily driven by declines in key stocks such as First Bank of Nigeria Holdings, Seplat

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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

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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

Business News·Markets·News

NGX: Investors Lose N297bn As ASI Dips By 0.53%

May 14, 2024

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

NGX stock market. Photo credit: TheCable

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Equity Market Witnesses Decline As Analysts Predict Mixed Sentiment

May 13, 2024

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,

Business News·Markets

Universal Insurance, Unity Bank, Other Investors Gain N10bn From Stock Trading

June 19, 2023

About N10 billion was gained by investors in the Nigerian stock market on Monday. This pushed the market capitalisation to N32.13 trillion, from Friday’s N32.12 trillion. Also, the All-Share Index moved up

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business News·Markets

Investors Lose N37 billion Due To Low Demand For Caverton, Stanbic IBTC, Others

June 8, 2023

The total valuation of equities in the Nigerian stock market dipped N37 billion on Thursday, to depreciate from N30.50 trillion to N30.46 trillion. It followed the All-Share Index’s path, which shed 67.93 basis

Business News·Markets

Investors In Union Bank, Flour Mills, Others Lose N7.80bn In Stock Investments

June 7, 2023

About N7.80 billion was wiped off the Nigerian stock market on Wednesday, resulting in the equity capitalisation depreciating by -0.02 per cent. Consequently, the bourse’s capitalisation dropped to N30.50 trillion from N30.51

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business News·Markets

Nigerian Stock Market Records N19.84bn Share Transactions, Equity Cap Falls

June 5, 2023

Nigerian bourse fell by N7.50 billion or 0.02 per cent in value to N30.38 trillion after Monday’s session, slightly from Friday’s N30.39 trillion market capitalisation. The All-Share Index depreciated by 13.79 basis points

Business News·Markets

Investors Trade N5.72bn Shares, Stock Market Cap Hit N30.38trn

June 1, 2023

On Thursday, the market capitalisation of the Nigerian stock exchange closed at N30.38 trillion, with the All-Share Index settling at 55,808.25 ASI. Investors exchanged N5.72 billion in 7,725 deals to trade 390.21

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Ambition

Business News·Markets

Investors Rush To Buy N15.79bn Nigerian Stocks After Tinubu’s Promise

May 30, 2023

Equity investors’ confidence in the Nigerian stock market was up on Tuesday, a day after Bola Tinubu was sworn-in as the President of Nigeria. Recall that Tinubu had promised that access to

Business News·Markets

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