By Seun Ibiyemi The Nigerian stock market maintained its upward momentum on Thursday, driven by the listing of 19.803 billion ordinary shares of FCMB Plc at 50k per share. This contributed an additional N347 billion gains to the market capitalisation…
The Nigerian equities market capitalisation crossed the N60 trillion mark at the close of trading on Friday. This followed the surge in the share prices of stocks like Aradel, Caverton, and Ikeja Hotel amongst others on the trading floor. After…
The market capitalisation of the Nigerian Exchange Ltd. (NGX), on Wednesday, further declined by N168 billion or 0.28 percent, following profit taking by investors. Specifically, the market capitalisation of listed equities depreciated to N58.947 trillion, from N59.115 trillion, which it…
The NGX All-Share Index (NGX-ASI) is approaching 100,000 points as the market closed higher by 2,848.85 points, ending the day with a negative market breadth. Now at 31.89 percent, the NGX-ASI advanced by 2.97 percent, closing at 98,616.97 basis points,…
By Grace Olatundun 2024 is turning out to be a spectacular year for Africa’s Global Bank, United Bank for Africa (UBA) Plc as it crossed a market capitalisation of N1 trillion on Monday. Similarly, the Bank’s stock price also appreciated…
By Philemon Adedeji Trading activities of the stock market on the Nigerian Exchange Limited (NGX), closed on green posture after trading caused by increase in investor interest in Dangote Cement and MTNN which offset the selloffs in Wapco Insurance and…
By Philemon Adedeji Following transaction in MTNN, Ellah lake and 26 others stocks, bullish sentiments which persisted on the Nigerian Exchange Limited (NGX), as MTNN, Ellah lake and 26 others stocks lifted market capitalization to N174 billion. Absolutely, All-Share Index…
The market capitalisation of the top five banks in Nigeria, otherwise known as the tier-1 banks or FUGAZ, depreciated by 2.10 per cent to close at N2.26 trillion as of Friday. Consequently, investors in these banks lost a total of…
By Philemon Adedeji The Nigerian equities market yesterday closed lower to open the week, reversing prior session gains as the market capitalisation lost N125 billion of its value to sell pressure from investors. The All Share Index (ASI) decreased by…
The combined market capitalisation of stocks worth over one trillion (SWOOTs) appreciated by 0.21 per cent to close at N20.05 trillion from N20.01 trillion the previous week, reflecting a growth of N42.15 billion. Stocks included in this classification are AIRTELAFRICA,…
