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Tag: NGX

Nigeria Exchange in decline two weeks in a row
News

NGX warns public about suspected fraudulent impersonator

The Nigerian Exchange Limited has issued a public advisory about a suspected impersonator falsely claiming to be the Chief Strategist of NGX Group. In a statement posted on its X handle on Monday, NGX alerted the public about an individual named ‘Professor Adebayo Oluwatokun’ and an entity called ‘Value Gain,’ who are reportedly using a […]

Nigeria Exchange in decline two weeks in a row
News

NGX kicks off week with N987bn gain

The Nigerian Exchange Limited ended the first trading day of the week with a market capitalisation of N62.5tn, gaining N987 billion, which represents a 0.99% increase. A total of 641.12 million shares, worth N15.50bn, were traded across 13,778 deals. This reflects a 44% increase in trading volume, a 3% rise in turnover, and a 10% […]

Nigeria Exchange in decline two weeks in a row
featured

NGX records 12.01% drop in transactions in November

The Nigerian Exchange Limited reported a 12.01% decline in total transactions for November 2024, amounting to ₦442.34 billion, down from ₦502.73 billion in October 2024. This was detailed in the Domestic & Foreign Portfolio Investment Report released on Friday. The report highlighted that domestic transactions accounted for ₦401.40 billion in November 2024, an 11.83% decrease […]

Nigeria Exchange in decline two weeks in a row
News

NGX gains N18.2trn despite economic challenges, rising interest rates

The Nigerian equities market has demonstrated resilience, with the Nigerian Exchange Limited listing N8.1 trillion worth of shares from January to November 2024, despite the economic downturn and higher interest rates in Nigeria. The overall market capitalization, which opened 2024 at N40.918 trillion, gained N18.2 trillion, or 44.5%, closing at N59.107 trillion on November 29, […]

The Nigerian Exchange continued its downward trajectory on Tuesday, losing N265 billion as weak investor sentiment persisted.
News

Naira weakens, foreign transactions drop on NGX

Foreign investors are increasingly withdrawing from the Nigerian Exchange, with year-to-date foreign outflows reaching N400.04 billion by October 2024, surpassing foreign inflows of N344.30 billion. This has resulted in a net withdrawal of N55.74 billion as data from the Nigerian Exchange reveals that foreign transactions accounted for just 16.65% of total trading activity, valued at […]

Transcorp Power emerges top NGX weekly gainer
News

NGX proposes tougher rules for large-volume trades

The Nigerian Exchange Limited has proposed amendments to its Trading Licence Holders Rules (Part XIIIA) regarding block divestments and large-volume trades. The key change is lowering the threshold for a transaction to be classified as a block divestment from 30 per cent to 5 per cent of shares. Market stakeholders were invited to provide feedback […]

Transcorp Power emerges top NGX weekly gainer
News

Stock market turns bullish, investors gain N295bn

The Nigerian Exchange reversed its losing streak last week, gaining N295 billion despite weaker trading activities. The All-Share Index’s year-to-date performance improved to +30.69%, driven by strong buying interest in Flourmill (+10.00% WoW), Oando (+4.42% WoW), and GTCO (+2.75% WoW). The Exchange’s positive performance last week was attributed by analysts to sector rotation and portfolio […]

Nigeria Exchange in decline two weeks in a row
News

Foreign inflow on NGX falls to N11bn

The latest Domestic & Foreign Portfolio Investment Report from the Nigerian Exchange Limited shows that foreign inflow into the market dropped to its lowest in 2024, hitting N11.26 billion in September. This marks a steady decline since May, which recorded the year’s highest inflow at N54.87 billion. Despite the decline, total foreign inflow from January […]

The Nigerian equities market closed in positive territory on Thursday, with investors pocketing a gain of N239bn in market capitalisation
News

Nigerian exchange continues decline, loses N6bn

The bearish trend on the Nigerian Exchange persisted on Thursday, with the market losing N6 billion. The All Share Index fell by 0.1 percent, closing at 97,477.19, while market capitalization slipped to N56 trillion. This downturn moderated the market’s year-to-date performance to 30.36 percent. Investors traded 277,745,152 shares across 7,091 deals, amounting to N4.65 trillion. […]

The Nigerian Exchange continued its downward trajectory on Tuesday, losing N265 billion as weak investor sentiment persisted.
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NGX ranked best performing stock market in Africa H1 2024

The Nigerian Exchange was Africa’s best-performing stock market in the first half of 2024, with a 33.81% increase in its All-Share Index. The first half of 2024 was a bullish moment for capital markets worldwide, with an overall rising trend. African stock markets were not left behind, with every stock exchange in Africa experiencing growth […]

The Nigerian Exchange continued its downward trajectory on Tuesday, losing N265 billion as weak investor sentiment persisted.
News

Equity market maintains bullish momentum as investors gain N6.29bn

The equity market continued its bullish trend on Thursday, with investors securing gains of approximately N6.29 billion. Positive trading activity was driven by buying interest in Seplat Energy Plc, United Bank for Africa, and First Bank of Nigeria Holdings. The market capitalisation increased by 0.11 percent to close at N56.28 trillion, while the all-share index […]