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NGX Gains N961.75bn as Rally Extends to 5th Day

NGX Gains N961.75bn as Rally Extends to 5th Day   Nigeria’s equities market sustained its bullish momentum on Thursday, extending its winning streak to five consecutive trading sessions as renewed buying interest in banking, telecommunications and consumer goods stocks lifted investors’ wealth by N961.75bn. The benchmark Nigerian...

Market Cap Climbs to N155.59trn as NGX Rebounds

Market Cap Climbs to N155.59trn as NGX Rebounds   The Nigerian equities market closed the mid-week trading session bullish on Wednesday, as an aggressive wave of bargain hunting wiped out earlier performance jitters and drove market valuation to historic highs. The total market capitalisation of the Nigerian...

Nigerian Equities Market Loses N2.39trn in July’s Opening Session

Nigerian Equities Market Loses N2.39trn in July’s Opening Session   The Nigerian equities market resumed its bearish trend to open trading activities for the month of July, as sustained selling pressure weighed on investor sentiment. The All-Share Index lost 3,729.11 points, representing a decline of 1.63 per...

NGX Loses N581bn as Sell-Off Hits Day Four

NGX Loses N581bn as Sell-Off Hits Day Four   The Nigerian equities market closed Thursday’s session in negative territory, extending its bearish run to the fourth consecutive trading day as profit-taking in heavy and mid-cap equities dragged down key performance indicators. At the close of trading, the...

Market Capitalisation Jumps from ₦30trn to ₦160trn

President Bola Ahmed Tinubu has hailed the remarkable growth of Nigeria’s capital market as one of the strongest indicators of economic recovery under his administration.

Stock Market Loses N170bn as Mid-Cap Selloff Deepens

Stock Market Loses N170bn as Mid-Cap Selloff Deepens   The Nigerian equities market retreated on Thursday as a wave of mild profit-taking in several mid-cap stocks dampened the recent rally, resulting in a total loss of N170bn for investors. This downward movement saw the market capitalisation...