Nigerian equities wrap up volatile week with investors’ gain of N49.53bn

Post AMUGEOctober 12, 2024

Tantalizer, Coronation, Fidelity top in volume trades Onome Amuge Investors in the Nigerian equities market experienced a rollercoaster week of trading, with a modest overall gain of N49.53 billion, as the market capitalisation of the Nigerian Exchange Group (NGX) inched up from N56.03 trillion  to N56.08 trillion. The marginal increase comes on the heels of […]

Bears decimate equities market as investors suffer N539.09bn loss

Post AMUGEOctober 5, 2024

SEC approves NGX  tech  listing rules  to expand Nigerian capital market

Onome Amuge In a week to forget for investors in the Nigerian equity market, the Nigerian Exchange (NGX) saw a loss of N539.9 billion on the trading floor as market capitalisation of quoted equities dropped from N56.577 trillion to N56.038 trillion.  The decline contrasted sharply with the previous week’s gain of N121.07 billion. The All-Share […]

Nigerian equities march to N454.86bn on NGX bullish beat

Post AMUGESeptember 21, 2024

Investors gain N73bn as NGX closes Wednesday bullish 

Business a.m. Investors in the Nigerian equities market were rewarded with a profitable trading week as the Nigerian Xchange Group (NGX) recorded a rise in market capitalisation to N56.46 trillion, a N454.86 billion increase from the prior week’s N56.00 trillion.  The profitable week for investors follows on the heels of a successful previous week, where […]

S&P 500 in superlative outing as stocks gain

August 31, 2020

The S&P 500 hovered near record highs on Monday as bets on an economic revival due to prolonged central bank support put the index on course for its best August in decades. The Federal Reserve’s commitment to tolerate inflation and keep interest rates low, positive developments in vaccines and treatments for COVID-19 and a momentum-driven […]

U.S.-China phone call pushes European shares up

August 25, 2020

European shares moved up by some notches on Tuesday, with market sentiment propped up by the United States and China saying they are still committed to their phase one trade deal and some increased optimism around COVID-19 vaccine development. After the STOXX 600 saw its biggest daily gain in almost two weeks on Monday, the […]

Wall Street advances on signs of economic rebound

June 2, 2020

Dow futures drops over 200 points downtrend as coronavirus cases jump

U.S. stocks posted modest gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on lifting lockdown restrictions and signs of economic recovery. Cyclical stocks like financials and industrials gave the biggest lift to the S&P 500 and the Dow, while tech shares boosted the Nasdaq. “There is […]

S&P 500, Dow open higher as Boeing resumes 737 MAX production

May 28, 2020

S&P 500, Dow open higher as Boeing resumes 737 MAX production

The S&P 500 and Dow Jones indexes opened higher on Thursday, boosted by Boeing shares as the planemaker resumed production of its 737 MAX jets, but simmering tensions between the United States and China kept investors on edge. The Dow Jones Industrial Average rose 149.09 points, or 0.58%, at the open to 25,697.36, and the […]

NSE lists FBNQuest Merchant Bank’s N5bn bond

May 18, 2020

Equities reverse gain as investors lose N370bn

By Omobayo Azeez The Nigerian Stock Exchange (NSE) has successfully listed the N5 billion three-year bond of FBNQuest Merchant Bank on the domestic bourse. This was in fulfilment of its promise to continue to provide stakeholders with access to capital even in the face of the COVID-19 pandemic. The Exchange further amplified this through the listing of the N5 billion […]