Nigerian Exchange Limited – InfoStride News

AccessCorp, Academy Press Lead Gains as Market Capitalization Crosses N60 Trillion

Temitope Nlewemchi — Sun, 27 Oct 2024 11:48:43 +0000

Nigeria’s stock market surged to new highs recently, with the market capitalization exceeding the N60 trillion mark for the first time, driven by strong performances from leading stocks like AccessCorp and Academy Press. This milestone highlights the increasing investor confidence and the impact of economic policy reforms that have energized the Nigerian financial markets. AccessCorp [...]

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Market Optimism Fuels N86 Billion Gain for Investors

Temitope Nlewemchi — Fri, 15 Dec 2023 12:41:35 +0000

In a noteworthy financial stride, the Nigerian Exchange Limited (NGX) witnessed its fifth consecutive day of positive trading on Thursday, translating to a substantial N86 billion gain for investors. Infostride News has been closely monitoring the market trends, revealing that the NGX has maintained its positive momentum since last Friday and has carried this bullish [...]

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Consolidated Hallmark HoldCo Debuts with 10.84 Billion Units on NGX

Temitope Nlewemchi — Thu, 30 Nov 2023 11:11:31 +0000

InfoStride News reports that following the delisting of Consolidated Hallmark Insurance shares, more than 10.84 billion units of the newly established entity, Consolidated Hallmark Holdings Plc, have been listed on the Nigerian Exchange Limited (NGX). In a market bulletin released by Godstime Iwenekhai, the Head of Listings Regulation Department at NGX Regulation, it was announced [...]

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Equities regain vigour as Presco, 29 stocks lift indices by N71 billion

Temitope Nlewemchi — Thu, 10 Mar 2022 15:25:37 +0000

Due to the result of the gains recorded by Presco Plc and 29 other stocks, the Nigerian Exchange Limited (NGX) rebounded after five days of bearish trend yesterday, as market capitalisation increased by N71 billion. In summary, the All-Share Index (ASI) grew by 132.74 absolute points, representing an increase of 0.28 per cent to close [...]

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Appetite for high cap stocks lifts capitalisation by N24b

Temitope Nlewemchi — Wed, 18 Aug 2021 19:47:07 +0000

Following investors’ appetite for some high-capitalised stocks, the Nigerian stock market reversed previous losses to close on an upward note yesterday, as market capitalisation appreciated by N24 billion. Specifically, at the close of transactions yesterday, the market capitalisation of the Nigerian Exchange Limited (NGX) rose by N24 billion from N20.582 trillion recorded on Monday to [...]

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ABC Transport, Lasaco insurance others drag capitalisation by N9bn

Temitope Nlewemchi — Tue, 17 Aug 2021 18:41:02 +0000

The bears upstaged the bulls at the reopening of transactions on the equities sector of the Nigerian Exchange Limited (NGX) yesterday, as sell-off in most blue-chip stocks, especially ABC Transport and Lasaco insurance dragged market capitalisation by N9 billion. Specifically, at the close of transactions yesterday, market capitalisation of listed equities declined by N9 billion [...]

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NGX halts rally as profit-taking drags index by 0.3 per cent

Temitope Nlewemchi — Fri, 06 Aug 2021 22:20:16 +0000

The Nigerian Exchange Limited (NGX) halted four consecutive trading sessions of an uptrend, as profit-taking by investors on the Nigerian Exchange Limited (NGX) dragged the All-Share Index (ASI) by 0.3 per cent. Specifically, the ASI dipped by 126.32 points, representing a decline of 0.32 per cent to close at 38,801.51. Similarly, the overall market capitalisation [...]

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Anxiety over earnings pushes indices up by N327 billion in July

Temitope Nlewemchi — Tue, 03 Aug 2021 22:22:33 +0000

Anticipation of improved half-year (H1) earnings and accompanied dividend declarations triggered bargain-hunting on the equities sector of the Nigerian Exchange Limited (NGX) last month, causing investors’ fortune to soar by N327 billion in one month. Specifically, the market capitalisation, which reopened for the month of July at N19.756 trillion, rose by N327 billion to close [...]

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Sell pressure in 20 stocks drags NGX index by 0.1 per cent

Temitope Nlewemchi — Wed, 28 Jul 2021 22:22:29 +0000

After five days of an uptrend, the Nigerian Exchange Limited (NGX) halted its gaining streak as sell pressure in 20 stocks dragged the All-Share Index (ASI) by 0.1 per cent. Specifically, the ASI dropped by 46.93 absolute points, representing a decline of 0.12 per cent to close at 38,802.15 points, while the overall market capitalisation [...]

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Buying interest persists on NGX as index rises further by 0.5%

Temitope Nlewemchi — Tue, 27 Jul 2021 19:20:54 +0000

Sustained buying interest in the shares of some blue-chip stocks, especially Oando and FTN Cocoa, aided the Nigerian Exchange Limited (NGX) to close on an upward note yesterday, as the All-Share Index (ASI) appreciated further by 0.5 per cent. At the close of trading yesterday, the ASI grew by 181.18 absolute points, representing an increase [...]

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Investors contributes measures to push up market stability

Temitope Nlewemchi — Sat, 24 Jul 2021 13:53:29 +0000

To achieve stock market stability, investors have urged the government to promote national savings culture through incentives that would ensure improved patronage in the retail segment and increase investment in the market. Besides, they stressed the need for Federal Government to continue to moderate the rate it offers its debt instruments – Treasury bills and FGN [...]

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Gains in 22 stocks lift capitalisation by N3 billion

Temitope Nlewemchi — Tue, 20 Jul 2021 22:48:21 +0000

Ahead of the half-year (H1) earnings season, price gains in 22 stocks lifted transactions on the equities sector of the Nigerian Exchange Limited (NGX) yesterday, as market capitalisation increased by N3 billion. At the closed of trading yesterday, the All-Share Index (ASI) increased by 5.47 absolute points, representing a gain of 0.01 per cent, to [...]

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