Tag: NGX

NGX to draw in more investors - CEO
Business

Nigerian stocks rise 6.54% in first week of 2024

The Nigerian Exchange Limited ended the first week of 2024 on a high note, backed by continued investor faith in listed companies. The Times reported that this momentum has implanted hope for a possibly positive market in 2024, propelling the All-Share index to a 6.54% gain to close at 79,664.66 points. Similarly, all other indexes […]

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 […]

NGX Group reports N5.2bn after tax
Business

NGX shareholders gain over N2trn in five days

Alex Omenye In five trading days, from December 27, 2023, to January 3, 2024, the value of stocks listed on the NGX increased by around N2.063 trillion. This increase was accompanied by a 5.11% increase in the NGX All-Share Index. Starting on December 27 at 73,768.64 points, this increasing trend reached a closing value of […]

FBNH, GTCO join NGX banking index
Business

FBNH, GTCO join NGX banking index

The Nigerian Exchange Limited reviewed the indexes and added some banking stocks to the Banking Index, including FBN Holdings, Guaranty Trust Holding Company Plc, FCMB Group, and Stanbic IBTC Holdings Plc. The PUNCH reported that according to a corporate announcement made by the exchange on Tuesday, the equities of Jaiz Bank, Unity Bank, Wema Bank, […]

NGX Group reports N5.2bn after tax
Business

NGX sees record gains as market cap surpasses N40trn

The All-Share Index increased by 0.99% to close at 74,502.58 points, a new all-time high for the NGX, which posted gains today after posting losses yesterday. Equities gained N402 billion as the market capitalization closed at N40.769 trillion, up from N40.367 trillion yesterday. MTN Nigeria and Dangote Cement lead the market gainers with 4.58% and […]

NGX Group reports N5.2bn after tax
Business

Investors gain as NGX share index crosses historic 72,000 points

The Nigerian Exchange Limited’s main index, the All-Share Index, crossed the 72,000 basis point threshold for the first time in history on Wednesday, rising by 0.55 percent to 72,299.79 points. According to The Punch. this occurred as trading activity on the NGX moved into its fourth day of positive trade, netting investors in the equities […]

NGX Group reports N5.2bn after tax
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Why NGX targets Aramco in dual listing with Saudi Exchange

The proposed dual listing of the Nigerian Exchange Limited with the Saudi Exchange has Saudi Aramco, a significant target and one of the world’s largest firms by revenue, as its primary focus. The Punch reported that the group chairman of the Nigerian Exchange Group, Dr. Umaru Kwairanga, hinted at the ambitions for a dual listing with […]

Business

Equity market retail participation hits 35% in September – NGX

The Nigerian Exchange Limited has stated that as of September 2023, retail involvement in equities markets has risen from 28% in 2022 to 35%. This was stated by the Executive Director of NGX Capital Markets, at the virtual NGX RegCo Retail Investor Workshop, which had as its theme “Expanding Reach for More Impact: Deepening Financial Inclusion in the Retail Investor.” […]

MeCure Industries lists on NGX
Business

MeCure Industries lists on NGX

MeCure Industries Plc listed on the Nigerian Exchange Limited and has revealed plans to raise capital through an Initial Public Offering. The Punch revealed that this was said during the Facts Behind the Listing presentation on Wednesday at the NGX. The Senior Vice President and Chief Financial Officer, Ifedamola Oluwasegun, stated, “Today, we are listing by introduction, […]

FBNH, GTCO join NGX banking index
Business

NGX begins Nov positive as ASI crosses 70,000 mark

The All-Share Index closed at 70,581.76 points, marking the first time in history that it has crossed the 70,000 barrier, as NGX extended its bullish run during a highly good trading day. The Times reported that the market capitalization increased by N739 billion to settle at N38.778 trillion, generating a 1.94% gain for the equity market. […]

FBNH, GTCO join NGX banking index
Business

NGX Group grows profits by 606% to N1.22bn

The Nigerian Exchange Group’s earnings after tax increased by 606.2% to N1.22 billion at the end of the third quarter, compared to N172.7 million at the same time in 2022. The Punch reported that the group, which included Nigerian Exchange Limited, Nigerian Exchange Regulations, and NGX Real Estate, disclosed its unaudited results for the nine months […]