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Equities Rebound With N102bn Gain

Equities Rebound With N102bn Gain       Nigerian equities rode on the back of renewed bargain-hunting to a significant rebound yesterday, rounding up N102 billion in net capital gains. Benchmark indices at the Nigerian Exchange (NGX) Limited showed average return of 0.50 per cent yesterday, representing net capital...

Foreign Stock Investors Withdraw N99.94bn In Four Months

Foreign Stock Investors Withdraw N99.94bn In Four Months       A total of N99.94bn was pulled out by foreign investors from the Nigerian stock market in the first four months of this year as foreign involvement plunged to a four-year low in April. The foreign portfolio investors injected...

N796bn Investors’ Losses In May Extends Into June

N796bn Investors’ Losses In May Extends Into June       Insecurity in the country and other macroeconomic challenges, coupled with uncertainty in the global economy, may continue to take a toll on the Nigerian Exchange Limited (NGX), as investors, having lost N796 billion in May, might experience...

Investors Stake N2.63bn On Equities

Investors Stake N2.63bn On Equities       The momentum of activities at the Nigerian equities market increased considerably as investors staked N2.63 billion amid new month’s profit-taking transactions. Total turnover at the Nigerian Exchange (NGX) Limited rose by 39.4 per cent to 274.852 million shares valued at N2.63...

NGX Opens Trading June With N12bn Loss

NGX Opens Trading June With N12bn Loss       Sentiments on the nation’s bourse turned negative on Tuesday closing the first trading session in June with a loss of N12 billion, amid losses in Seplat and 16 others. Consequently, the market capitalisation which opened for the month at...

In Five Months, Nigerian Investors Lose N1trn

In Five Months, Nigerian Investors Lose N1trn       Nigerian equities closed weekend with average negative return of five per cent, implying a net capital depreciation of more than N1 trillion for investors in quoted shares. The stock market capped its losing streak this month with a net...