Market Loses N440bn as Energy, Banking Stocks Decline   Trading activity on the Nigerian Exchange Limited (NGX) was heavily influenced by profit-taking and divestments in major blue-chip equities on Thursday, particularly within the energy, banking and insurance sectors, wiping N440bn from the market capitalisation. High-cap stock Aradel...

NGX Loses N613bn Amid Sustained Bearish Trend The Nigerian Exchange Limited (NGX) closed trading on Thursday on a slightly bearish note, extending a multi-day pullback. The All-Share Index declined by 949.71 points, or 0.39 per cent, to close at 243,017.38 points, down from the 243,967.09...

NGX Gains N192bn Even as Market Slumps   The Nigerian equities market closed higher on Thursday, with investors gaining N192bn as buying interest in selected banking, energy and consumer goods stocks outweighed losses across a broader segment of the market. The Nigerian Exchange Limited (NGX) All-Share Index...

NGX Sheds N648bn Amid Renewed Profit-Taking On Equities   The Nigerian stock market reversed Tuesday’s gains on Wednesday as renewed profit-taking across major counters triggered a broad-based sell-off, wiping out approximately N648bn from investors’ wealth. Widespread profit-taking outweighed targeted buying interest in selected counters, leaving market breadth...

Stock Market Loses N800bn as Profit-Taking Ends Rally   The recent bullish momentum on the Nigerian Exchange Limited (NGX) came to a sudden halt on Wednesday as aggressive profit-taking in high-capitalisation stocks wiped N800bn off the total market valuation. The All-Share Index fell by 1,241.19 points, representing...

Equities Market Loses N32bn as Selloffs End Rally   The Nigerian equities market closed lower on Thursday as mid-session selloffs wiped N32bn off investors’ investments, breaking a recent spell of positive momentum on the trading floor. The All-Share Index shed 221.14 points, representing a decline of 0.09...