Following losses recorded by most bluechip stocks, especially Dangote Sugar Refinery and Transcorp Power, trading on the Nigerian Exchange Limited closed on a downward note yesterday as market capitalisation declined by N289 billion.

Investors increased appetite in the shares of the newly listed Transcorp Power has continued to lift market capitalisation of the Nigerian Exchange Limited (NGX) as investors wealth appreciated by N2.3 trillion in three days.

The aggressive monetary policy tightening by the Central Bank of Nigeria (CBN), which has pushed the monetary policy rate (MPR) by four per cent from N18.75 per cent to 22.75 per cent to tame rising inflation is taking a huge toll on the stock market as investors fortunes plunged by over N1.4 trillion in two trading sessions.

Nigeria Exchange Limited (NGX) reopened on a downward note yesterday, shedding N51 billion, amid price depreciation in many blue-chip stocks.

Following losses suffered by many highly capitalised stocks, especially MTNN and Conoil, the Nigerian stock market yesterday sustained bearish sentiments, as market capitalisation fell by N1.068 trillion to close trading ..

The Nigerian equities, yesterday, witnessed an unprecedented rally that propelled a surge in market capitalisation by N1.567 trillion as virtually all the stocks recorded price appreciation.

After the two-day holiday declared by the Federal government to commemorate Christmas and Boxing Day, Nigerian equities market reopened on a downturn as the overall market capitalisation declined by N140 billion amid losses in Nestle Nigeria Plc and 20 others.

Naira depreciated by 2.3 per cent to N759.20 (as of 12 October) at the Investors’ and Exporters’ (I&E) window, with total turnover at the window (as of 12 October 2023) increasing by 79.1 per cent WTD to $629.37 million, as trades were consummated within the N700 –N846/$ band. Last Friday, naira depreciated by 0.75 per…

The Nigerian equities market opened October upbeat, as gains in BUA Cement and 23 stocks lifted market capitalisation by N213 billion. The all-share index (ASI) gained 388.83 points, representing a gain of 0.59 per cent to close at 66,770.97 points. Also, market capitalisation rose by N213 billion to close at N36.544 trillion. The upturn was…

The stock market today is the most popular area among traders. It can generate stable long-term returns with much more predictability than other financial markets.....

Lingering foreign exchange crisis, inflation, insecurity, high cost of operations coupled with uncertainty and fuel subsidy crisis have continued to take a toll on the operations of firms listed on the Nigerian Exchange Limited (NGX), triggering a gale of delisting.

Transactions on the equities sector of the Nigerian Exchange Limited (NGX) continued on a downturn, yesterday, as selloff in Nigerian Breweries, Cadbury and others dragged market capitalisation by N111 billion. At the close of transaction, the all-share index shed by 204.25 per cent, representing a loss of 0.31 per cent, to close at 65,482.91 points.…