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Tag: Stock Exchange

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

Nigerian Stock Exchange begins 2024 on positive note

The Nigerian Stock Exchange started on a positive note as the All-Share Index broke beyond the 75,000 barrier. The closing value of the All-Share Index was 75,990.88 points, an increase of 1,217.11 points or 1.63%. The market capitalization closed at N41.583 trillion on the first trading day of the year, with equities up N663 billion. […]

Six facts about Nigerian Stock Exchange New GMD Temi Popoola
Business News

Six facts about Nigerian Stock Exchange New GMD Temi Popoola

The Nigerian Exchange Group Plc Board of Directors has announced the appointment of Mr. Temi Popoola as GMD/CEO designate, effective January 1, 2024, subject to the SEC’s formal approval of the appointment. This announcement comes ahead of Mr Oscar Onyema’s retirement as the GMD/CEO of Nigerian Exchange Group Plc. He currently holds the position of […]

Stock Market analysis
Business

Nigeria Stock Market rebounds, gained N107bn

The Nigerian Exchange Limited rebounded again as investors gained N107 billion on Wednesday despite the market’s recorded N1bn loss on Tuesday. The Punch reported that the All-Share index appreciated by 0.35 percent to 55,801.14 and market capitalization increased by 0.35 percent also to N30.397 trillion. Meanwhile, the ASI has moved 4,205.48 points since the start […]

News

Nigerian investors gain N213bn in December

  Nigerian stocks maintained their upward trend throughout the week to post net capital gains of N213 billion during the festive period. According to the Nation, the average return on the Nigerian stock market was 0.79 percent, which corresponds to a net capital gain of N213 billion. This caused the average year-to-date return on the […]

Stock market
News

Geregu’s 2.5bn shares list on Nigerian Stock Exchange

Beginning from 5 October, 2022, shares of Nigeria’s leading Electricity Power Plant, Geregu Power PLC will become available for public purchase. According to Nairametrics, this is coming following the listing of Geregu Power PLC on the Main Board of Nigerian Exchange by way of introduction. Geregu Power will be listing 2.5 billion ordinary shares of […]

Stock market
Business

Stock market rebounds, investors gain N14bn

The stock market recovered on Wednesday with a gain of N14 billion after suffering a loss of N15 billion on Tuesday. According to The PUNCH, the market capitalization of the All Share Index increased to N26.531 trillion, up 10.25 basis points or 0.02 per cent, bringing it to a close at 49,171.70 basis points. It […]

News

Stock investors record N30bn loss one day

No fewer than 18 firms saw their share prices fall as the Nigerian Exchange Limited’s equity market recorded a N30bn loss at the end of trading on Monday. According to The PUNCH, the NGX All-Share Index closed at 49,991.41 basis points on Monday from 50,045.83 on Friday, while the market capitalisation fell to N26.964tn from […]

Investment

Stock investors lose N767bn in one week

Investors lost N767bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The market opened for four trading days last week as the Federal Government declared Monday as a public holiday to commemorate the 2022 Democracy Day celebration. The NGX All-Share Index and market capitalisation of equities listed on […]