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Tag: equity

Equity market maintains positive trend with N673bn gain
Business

Equity market maintains positive trend with N673bn gain

The equity market continued to rise on Monday, with investors gaining N673 billion. The PUNCH reported that the All-Share Index and the exchange’s market capitalization increased by 1.30 per cent at the end of trade to close at 95,768.12 basis points and N52.408tn, respectively. Market participation decreased despite the favourable trading, as the volume and value of […]

Nestle, others cost equity market 51bn loss
Business

Investors gain N1.8tn as equity market sets new record

The Nigerian Exchange Limited set new records at the close of trade on Tuesday, as the benchmark index, the All-Share Index, increased by 3.93 per cent to a new high of 87,971.09 points. The PUNCH reported that similarly, the market capitalization increased by the same proportion to close at N48.139tn, marking another milestone and resulting […]

NGX to draw in more investors - CEO
Business

NGX, PenCom collaborate to boost pension funds in equity market

The Nigerian Exchange Limited has announced that its collaboration with the National Pension Commission will increase the involvement of Pension Fund Administrators in the equity market via the NGX Pension Broad Index. The Acting CEO of Nigerian Exchange Limited, Mr. Jude Chiemeka, noted in a news release that the NGX Pension Broad Index has performed well since its […]

Equity market maintains positive trend with N673bn gain
Business

Equity investors make N666bn on first trading day

The Nigerian Exchange Limited’s market capitalization increased by 1.63 percent on Tuesday, the first day of trading in the New Year, adding nearly N666 billion to investors’ wealth even as the market reached new highs. The PUNCH reported that the market capitalization reached a new high of N41.583tn at the close of trade, while the All-Share […]

Nestle, others cost equity market 51bn loss
Business

Higher private sector engagement will boost equity market – Operators

Some capital market participants believe that the 2024 Appropriation Bill’s substantial dependence on the private sector for development projects will fuel a bullish run in the stock market. According to The PUNCH, this was revealed in exclusive interviews as stakeholders make predictions for the coming year. Analysts’ Data Services and Resources, a data and research firm, […]

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