By Taiye Olayemi The Nigerian Exchange Ltd. (NGX) started the week on a positive note as market capitalisation increased by N1.91 trillion, representing a 1.20 per cent gain on Monday. This marked the fourth consecutive bullish rally. The uptrend was driven by increased interest in high capitalised equities such as:Continue Reading
By Taiye Olayemi The Nigerian equities market rebounded strongly in July, with investors gaining N11.109 trillion as renewed interest in banking stocks lifted the market after the N13.3 trillion loss recorded in June. The rally was driven largely by sustained buying in banking stocks, led by First HoldCo Plc, amidContinue Reading
By Taiye Olayemi Highcap Securities Ltd. has attributed the N4.92 trillion stock market loss recorded last week to investor repositioning ahead of the anticipated Dangote Refinery and Petrochemicals Initial Public Offering (IPO). The Vice-President of Highcap Securities, Mr David Adonri, disclosed this in an interview with the News Agency ofContinue Reading
By Taiye Olayemi The capital market has taken a major step forward with the shift to a T+1 settlement cycle, a reform expected to make trading faster, smoother and more aligned with global practice. With the change effective from June 1, investors will now see their transactions completed within oneContinue Reading
By Taiye Olayemi The Nigerian Exchange Ltd. (NGX) All-Share Index and market capitalisation rose by 2.27 per cent and 2.13 per cent, respectively, to close the week at 250,330.92 points and N160.444 trillion. This compares with 244,775.83 points and N157.094 trillion recorded in the previous week. Analysis of market performanceContinue Reading
By Taiye Olayemi The equities market extended its bullish run, delivering a N15.53 trillion gain over 14 consecutive trading sessions, driven by strong investor demand and improved liquidity. Market capitalisation on the Nigerian Exchange Ltd. rose from N129.81 trillion on April 7 to N145.33 trillion at the close of tradingContinue Reading
By Ginika Okoye The President of the Capital Market Academics of Nigeria (CMAN), Prof. Uche Uwaleke, has called for an independent oversight committee involving capital market investors in the annual auditing of the Unclaimed Funds Trust Funds (UFTF). Uwaleke disclosed this in an interview with the News Agency of NigeriaContinue Reading
By Taiye Olayemi Stockbrokers have commended the extension of trading hours on the Nigerian Exchange Ltd., describing it as a major step toward deepening the capital market and aligning it with global standards. The market operators, who spoke in interviews with the News Agency of Nigeria (NAN), said the developmentContinue Reading
By Taiye Olayemi The Nigerian Exchange Ltd. recorded a strong weekly performance, with investors gaining N8.661 trillion amid heightened trading activity. The News Agency of Nigeria (NAN) reports market capitalisation rose by 6.60 per cent to N139.827 trillion from N131.166 trillion. The NGX All-Share Index climbed by 6.57 per centContinue Reading
By Taiye Olayemi The Nigerian Exchange Ltd. recorded gains, with the All-Share Index rising 1.03 per cent to 203,770.43 and market capitalisation increasing 1.05 per cent to N131.166 trillion. This compares with the previous week’s 201,698.89 and N129.806 trillion, respectively. Consequently, investors gained N1.360 trillion over the week. The marketContinue Reading
