The Nigerian Stock Exchange Limited recorded its first weekly gain after losing N3.54 trillion in April 2024. This is according to last week’s data from NGX. The equity market recorded an N812 billion gain last week after ensuring six weeks of bearish trades as investors looked for improved yields on alternative markets. The development ended […]
Zenith Bank shows continued market leadership with 189% growth in Q1 earnings
Long trail of exiting companies threatens Nigerian Exchange’s drive to grow listings
CBN policies push NGX’s investors to lose N3.57tn in April
The Nigerian Exchange Market Limited investors lost N3.57 trillion in market value in April as the All-Share Index experienced a significant decline amid the Central Bank of Nigeria’s recent banks’ recapitalization policy. This downturn represents the first monthly decline for the NGX this year, contrasting with gains of 17.7 per cent, 12.47 per cent, and […]
NGX records rebound as investors gain N26bn in single day
The Nigerian Exchange Limited, NGX, has returned to positive sentiment as investors gained N26 billion on Thursday. Accordingly, the market capitalization, which opened at N55.494 trillion, gained N26 billion or 0.05 per cent to close at N55.520 trillion. This is as the All-Share Index also rose by 0.05 per cent or 48 points to close […]
Naira depreciation: Equity market records N200bn loss in NGX
Trading activities on the floor of the Nigerian stock market declined on Tuesday, making investors lose N200 billion amid the recent Naira depreciation against the Dollar at the foreign exchange market. Accordingly, the market capitalisation shed N200 billion or 0.35 per cent to close at N56.167 trillion, in contrast to N56.367 trillion recorded on Monday. […]
NGX continues downturn as investors lose N252bn
The stock market of the Nigerian Exchange Limited, NGX, witnessed further losses on Thursday as market capitalization dropped by N252 billion. Accordingly, the market capitalization closed at N58.653 trillion, as against N58.905 trillion posted on Wednesday, representing a 0.43 per cent decrease. Similarly, the All-Share Index also fell by 445.24 points or 0.43 per cent, […]
Q1 2024: NGX records 39.8% gains, becomes second best-performing stock in Africa
The Nigerian stock market gained 39.8 per in the first quarter of 2024, becoming the second best-performing stock amid economic headwinds. This is according to March ending data by NGX. With the feat, NGX became the second best-performing stock after the Zimbabwe Stock Exchange (ZSE) All Share Index, which had about 314.19 per cent Year-to-date […]
How Nigeria’s stock market fared this week
NGX stocks record N420bn gain
The Nigerian Exchange market recorded gains on Thursday as investors’ stock gained N420 billion. The development followed an increase in the All-Share Index, ASI, which rose by 743.66 points to a new high of 100,335.3 points. The N420 billion stock market gain pushed the market capitalization to N56.73 trillion. The outstanding performance was driven by […]