Stock Market Decline By N82.83bn On Profit-taking       Transactions on the Nigerian equities market yesterday closed the first trading session of the week on a negative note with a decline of N82.83billion as profit-taking dominated all the major sectors. The overall market capitalisation dropped to N20.490 trillion...

Capitalisation Rises By N13bn As NGX Marks Diamond Jubilee       Despite price losses that outweighed gains, the bulls upstaged the bears at the end of yesterday’s transactions on the equities sector of the Nigerian Exchange Limited (NGX), as market capitalisation appreciated by N13 billion. Specifically, at the...

NGX Absorbs FGN Bonds As Capitalisation Dips By N2bn       The Nigerian Exchange Limited (NGX) has announced that the August 2021 issue of the Federal Government of Nigeria (FGN) Savings Bonds was listed on its platform yesterday. The bond is an investment instrument targeted at retail investors...

Forex Scarcity, Inflation Put Pressure On FMCG Companies’ Profits       Analysts have identified scarcity of foreign exchange, inflationary pressures and rising input costs due to naira devaluation as responsible for the shrinking profit margins of some fast-moving consumer goods companies listed on the Nigerian Exchange Limited...

NGX Begins Week With N9bn Loss       Trading at the Nigerian Exchange (NGX) Ltd. started the week on Monday with a marginal loss of N9 billion. Specifically, the market capitalization which opened the week at N20.591 trillion shed N9bn or 0.04 percent to close at N20.582tr. Also, the...

Stock Market Investors Gain N371bn In A Week       The equities listed on the Nigerian Exchange Limited saw its their market capitalisation rise by N370.75bn last week amid bullish sentiment. The NGX All-Share Index appreciated by 1.83 per cent to close at 39,522.34 per cent on Friday...