By Taiye Olayemi Wyoming Capital and Partners has projected a positive outlook for the Nigerian stock market in the coming weeks, with banking stocks expected to drive a fresh market rally. The Chief Executive Officer of the firm, Mr Tajudeen Olayinka, said this in an interview with the News AgencyContinue Reading
By Taiye Olayemi The Nigerian stock market gained N1.756 trillion on Monday as sustained buying interest in banking, insurance and industrial stocks lifted key indicators. The rally was driven by strong demand for Custodian Investment, NEM Insurance, BUA Cement, First HoldCo and FTN Cocoa Processors, alongside 27 other equities. MarketContinue Reading
By Taiye Olayemi Trading on the Nigerian stock market sustained its positive momentum on Wednesday, as investors gained N390 billion, marking the second consecutive day of bullish performance. Market capitalisation increased by N390 billion, rising from N155.849 trillion in the previous session to N156.239 trillion. In spite of the gainsContinue Reading
By Taiye Olayemi The Nigerian stock market closed on a bullish note on Wednesday, recording a gain of N5.554 trillion for investors at the end of the trading session. The rally was driven by increased investor interest in high- and mid-cap stocks, including Airtel Africa, Zichis Agro Allied Industries, UACContinue Reading
By Taiye Olayemi The Nigerian stock market has revived its bullish streak on Tuesday after a one-day downturn, as investors gained N3.205 trillion. The upward trend was primarily fuelled by strong investor demand in consumer, energy and industrial stocks. Industrial and Medical Gases, FTN Cocoa Processors, WAPCO, Austinlaz, and Presco,Continue Reading
By Taiye Olayemi The Nigerian stock market halted its bullish rally on Monday after 14 consecutive sessions of gains, resulting in a loss of N1.365 trillion. The downturn was driven by profit-taking in stocks such as FirstHoldCo, Trans-Nationwide Express, United Bank for Africa, Access Corporation, Fidelity Bank, and 35 others.Continue Reading
By Taiye Olayemi The Nigerian stock market recorded a major milestone on Monday as the NGX All-Share Index crossed the 201,000-point mark for the first time. The benchmark index rose by 1.55 per cent to close at 201,474.89 points, up from 198,407.30 points recorded in the previous trading session. Similarly,Continue Reading
By Taiye Olayemi The Nigerian stock market rebounded on Friday after a day downturn session as N30 billion gain was added to investors’ portfolios. Gains in Red Star Express, NCR Nigeria, SCOA, Omatek and Deap Capital Management drove the market into positive terrain. Specifically, the Nigerian Exchange Ltd. (NGX) marketContinue Reading
By Taiye Olayemi The Nigerian stock market on Wednesday sustained its bullish sentiment, adding N409 billion to investors’ portfolios, according to figures from the Nigerian Exchange Ltd. The positive performance was driven by renewed investor interest in Okomu Oil, Union Dicon Salt, Seplat, NCR Nigeria, Mc Nicholas and 30 otherContinue Reading
By Taiye Olayemi The Nigerian stock market opened the week upbeat, gaining N1.869 trillion as market capitalisation soared to N101.806 trillion, boosting investor portfolios. The positive trend was driven by sustained investor interest in heavyweight stocks such as Cadbury, Abbey Mortgage Bank, Fidson, Champion Breweries, FTN Cocoa Processors and 68Continue Reading
