NASD market cap down to N543.9bn as investors lose N400m from price decline in large-cap stocks
Charles Abuede
May 25, 2021
Charles Abuede The NASD Over-the-counter Securities Exchange’s market capitalisation dipped 0.07 per cent to N543.91 billion on Tuesday following price declines in Friesland Wamco and the Nigerian Exchange Group by N1.93 and N0.38 respectively as the NASD Securities Index (NSI) declined 0.07 per cent to 765.20 points. As a result, market investors lost N400 million. […]
Sell-offs in Airtel, DangCem and Zenith Bank results in N301bn loss for investors
Charles AbuedeMay 19, 2021
Charles Abuede The resurfacing of the bears on Wednesday brought about a N301 billion loss to market investors. The local bourse extended the previous sessions’ negative performance as the All-Share Index fell by 1.48 per cent to close at 38,446.09 points due to sell-offs in Airtel Africa (-10.0%), Dangote Cement (-0.5%), and Zenith Bank (-2.1%). […]
The bulls surface on the NASD OTC Exchange as investors scoop N5.6bn profit
Charles AbuedeMay 19, 2021
Charles Abuede The NASD Securities Exchange equities market rebound into bullishness on Wednesday from Tuesday’s bearish performance as price appreciations in the Nigerian Exchange Group (NGX) and the Central Securities Clearing System (CSCS) spurred a 1.03 per cent advancement in the market capitalization to N542.95 billion and the NASD all-share index improved to 763.84 points. […]
NGX down by N148bn from sell-offs in BUACem, FBN, Zenith Bank on Tuesday
Charles AbuedeMay 18, 2021
Charles Abuede Market investors lost N148 billion due to the absence of a positive catalyst to stir bullish trade performance in the equities market. Thus, the market on Tuesday extended Monday’s negative sentiment as the benchmark index fell by 0.72 per cent to close at 39,022.52 points due to sell-offs in BUA Cement (-5.7%), First […]
President Buhari, industry veterans headline NGX’s ‘Stock Africa is made of’ campaign launch
Charles AbuedeMay 18, 2021
Event held to amplify NGX’s positioning as leading capital market infrastructure provider Charles Abuede At the epochal event that seeks to re-energise Africans and validate the success stories with the theme, ‘The Stock Africa Is Made Of’, the Nigerian Exchange Group (NGX) at the campaign launch, amplified its positioning and commitment to the continent’s financial […]
Nigeria Exchange Group to launch campaign ‘The Stock Africa Is Made Of’
Wale AmeenMay 14, 2021
Wale Ameen Online Editor The Nigerian Exchange Group (Plc) formerly Nigerian Stock Exchange is will be launching a campaign that seeks to re-energise Africans and validate our success stories with the theme, ‘The Stock Africa Is Made Of’. According to the Group, the campaign will showcase the resilience, ambition, result-oriented spirit that makes Africans different. […]
SEC to stop unregistered CMOs from business operation from the end of May
Charles AbuedeMay 11, 2021
Charles Abuede The Securities and Exchange Commission (SEC), Nigeria’s securities and capital market regulator, has announced that it will, effective May 31, 2021, prohibit capital market operators (CMOs) that are yet to renew their registration from operations and trading activities. The commission disclosed this in a circular signed by the management and published on its […]
Equities market closed northward from price uptick in Dangote Cement, MTN, Nigerian Breweries
Charles AbuedeApril 29, 2021
Market investors claim N355.7bn profit from trading Charles Abuede The Nigerian equities market rebounded into winning ways on Thursday with N355.7 billion gain for investors following price uptick in major equities on the trading floor. Thus, the benchmark index reversed the previous session loss, gaining 1.75 per cent to close at 39,461.20 points following price appreciation […]
NGX records N274.2bn loss Wednesday due to losses in the bellwethers and waning sentiment
Charles AbuedeApril 28, 2021
Naira appreciated 0.1% at the I&E FX market segment Charles Abuede The successive downtrends from Tuesday’s trading session was sustained by the local equities market midweek as the benchmark index declined by 1.3 per cent to close at 38,781.48 points following losses in Dangote Cement (-7.3%), International Breweries (-8.8%), and GTBank (-0.5%) which was spurred on by the waning investor […]
Equities market reversed gains on Tuesday due to price decline in banking stocks as investors lose N6.8bn
Charles AbuedeApril 27, 2021
Charles Abuede The local equities market reversed its previous day’s gains on Tuesday as the benchmark index declined marginally by 0.03 per cent to close at 39,305.48 points while market investors lost N6.8 billion following losses in banking stocks such as GTBank (-0.5%), Access Bank (-1.3%) and UBA (-1.3%) that dragged the bourse into the south. As a result, the market year […]