Tag: Stock market

  • Stock market closes week positive, gains N50bn

    Stock market closes week positive, gains N50bn

    The Nigerian Exchange Ltd. (NGX) ended trading on a positive note Friday, as market capitalisation gained N50 billion or 0.19 per cent to close at N25.791 trillion from N25.741 trillion posted the previous day. The NGX All-Share Index (ASI) also gained 90.54 basis points or 0.19 per cent to close at 47, 351.43 from N47,…

  • Stock market records losses, capitalisation down by N20bn

    Stock market records losses, capitalisation down by N20bn

    Bearish sentiment resurfaced at the Nigerian stock market on Monday, following sell-off in some bank stocks such as Fidelity Bank, Sterling Bank, Access Bank, First Bank of Nigeria Holdings (FBNH), among others. Specifically, the market capitalisation lost N20.6 billion or 0.07 per cent to close at N27.921 trillion from N27. 941 trillion on Friday. Also,…

  • Stock market gains 8.15bn in bullish trading

    Stock market gains 8.15bn in bullish trading

    Bullish sentiments returned to the Nigerian stock market on Thursday following investors’ interest in Union Bank and First Bank of Nigeria Holdings, Seplat, amongst others. Specifically, the market capitalisation garnered N8.15 billion or 0.03 per cent to close at N27.935 trillion from N27.927 trillion on Wednesday. Also, the All-Share Index (ASI) advanced by 15.11 points…

  • Stock market rebounds, capitalisation increases by N180bn

    Stock market rebounds, capitalisation increases by N180bn

    The market capitalization of the Nigerian Exchange (NGX) closed trading on Tuesday with a gain of N180 billion to close at N27.544 trillion against N27.364 trillion posted on Wednesday, halting five days of consecutive losses. Similarly, the All-Share Index (ASI) increased by 335.01 points or 0.66 per cent to close at 51,091.75 against 50, 756.74…

  • Selloffs: Stock Market Drops N183bn

    Selloffs: Stock Market Drops N183bn

    The stock market closed on Wednesday negative as the market capitalisation decreased by N183 billion to N28.451 trillion from N28.634 trillion. The All Share Index (ASI) also declined by 0.64 per cent to 52,775.40 points from 53,114.65 points recorded on Tuesday. The decline was attributed to selloffs in MTN Nigeria stocks, and some Tier-1 bank…

  • Stock market closes positive, index gains 0.17%

    Stock market closes positive, index gains 0.17%

    Trading on the Nigerian bourse closed positive on Friday with the All-Share Index (ASI) increasing by 0.17% to close at 52,908.24 from 52,815.78 on Thursday. Similarly, market capitalisation increased by N49 billion to N28.523 trillion from N28.474 trillion recorded on Thursday. The Year-to-Date (YTD) returns increased to 23.86 per cent. The market breadth closed positive…

  • Stock market: Capitalisation loses N422bn

    Stock market: Capitalisation loses N422bn

    The equities market settled lower on Tuesday as market capitalisation declined by N422 billion to close at N28.567 trillion from N28.989 trillion on Monday. The All-Share Index (ASI) also dipped by 1.45 per cent to 52,990.28 points from 53,772.14 points recorded on Monday. The Month-to-Date and Year-to-Date returns increased to 6.8 per cent and 24.1…

  • Stock Market Records Further Losses, Down 0.35%

    Stock Market Records Further Losses, Down 0.35%

    Trading on the Nigerian Exchange Ltd., (NGX) on Tuesday, again closed on a negative note with a loss of 0.35 per cent, following sustained sell pressure by investors. Specifically, the market capitalisation lost N101 billion to close at N28.442 trillion from N28.543 trillion achieved on Monday. Similarly, the All-Share Index declined by 0.35 per cent…

  • Stock market closes positive, index gains by 1.64%

    Stock market closes positive, index gains by 1.64%

    Trading on the Nigerian bourse closed positive on Friday with the All-Share Index (ASI) increasing by 1.64 per cent to 49,638.94 from 48,837.76 on Thursday. Similarly, the market capitalisation grew by N432 billion to N26.761 trillion from N26.33 trillion recorded on Thursday. The market breadth closed positive as 36 stocks advanced against 12 stocks that…