Tag: stock market

Nigeria's inflation will fall to 21% in 2024 - Cardoso
Economy featured

US stocks slide as rate cut hopes linger

United States equities ended lower on Monday as investors weighed expectations of additional interest rate cuts by the Federal Reserve, while gold prices retreated from record highs in a week shortened by holidays. According to Reuters, the Dow Jones Industrial Average fell by 219.42 points, representing a decline of 0.46 per cent, to close at […]

Stock investors gain N3.4tn in shortened trading week
News

Stock investors gain N3.4tn in shortened trading week

The Nigerian stock market maintained its bullish momentum last week, with investors gaining a total of N3.4 trillion despite a shortened trading week due to a public holiday in honour of former President Muhammadu Buhari. Data from the Nigerian Exchange Limited showed that the market capitalisation rose to N83.24 trillion, up from N79.80 trillion the […]

Transcorp top gainers chart as NGX closes at 78,020.54 points
Business

Stock market declines as all-share index drops

The Nigerian stock market ended in negative territory on 17th June 2025, as the All-Share Index fell by 348.61 points to close at 114,910.16 — a 0.3% drop from the previous day’s 115,258.77. The decline was largely attributed to renewed sell pressure in the banking sector, with all FUGAZ banks except GTCO posting losses, resulting […]

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

Equity market adds N77bn, approaches N60tn capitalisation

The Nigerian equity market gained N77bn last week, bringing the total market capitalisation to N59.29tn, nearing the anticipated N60tn threshold. The All-Share Index rose by 0.11% to close at 97,829.02 points, reflecting positive market sentiment. A total of 1.95bn shares worth N35.86bn were traded in 48,553 deals, compared to 1.48bn shares valued at N38.88bn in […]

Trump Media to raise $2.5bn for bitcoin investment
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Stock markets diverge as Trump fears build

Global stock markets diverged Wednesday as traders fret over the impact of Donald Trump’s presidency on the Chinese and global economies, with fears that his policies could also reignite US inflation. The prospect of higher prices on the back of Trump’s planned tax cuts, import tariffs and an easing of regulations gave fresh impetus to […]

Investors lose N67bn as market dips
Business

Investors lose N67bn as market dips

By Melvin Onwubuke   The Nigerian stock market could not maintain the early trading trend as it returned to the red zone with equity investors loosing N67 billion on Thursday. The market capitalization settled at N55.40 trillion as selloffs in insurance, consumer goods and banking sectors hauled the All-Share Index to a 0.12 percent closing […]

Equity market loses N92bn as stocks tumbles
News

Nigerian stock market loses N1bn amid downward trend

The market capitalization of the Nigerian Exchange decreased slightly to N55.87 trillion on Wednesday as a result of the muted trading activity. The PUNCH reported that the investors lost N1 billion as the All-Share Index dropped 0.002 percent to 102,106.31 points at the end of trade. Tuesday’s volume of trading was 494.19 million units; on […]

Investors hit N2trn as stock market records highest since 2008
Business

Europe stocks drop as China stimulus lifts Asia

Europe’s main stock markets slid in subdued trade Wednesday, but Asia rallied after China unveiled plans for $137 billion in extra debt to boost infrastructure spending. Traders remain aware that the ongoing crisis in the Middle East could spiral at any minute as Israel presses on with a bombing campaign of Gaza after Hamas’ deadly […]

Equity market loses N92bn as stocks tumbles
Business

Stock market loses N89bn as inflation reaches 26.72%

Investors lost N89 billion as the Nigerian Exchange Limited started the week’s first trading session in the red. According to The Punch, inflation for September was reported by the National Bureau of Statistics at 26.72 percent, which is an increase of 0.92 percentage points above August’s inflation rate of 25.80 percent. The top four categories […]

Equity investors lose N1.5tn as bond yield rises
Business

Stock market loses N39bn due to higher trade volume

The local bourse closed down 0.11 percent week on week on Friday due to sluggish market momentum, with investors losing N39 billion. According to The Punch, when compared to the previous week’s figures of N36.886 trillion and 67,395.74 basis points, the market capitalization and the Nigerian Exchange Limited All Share Index both ended trading lower […]

Global stock markets find balance amid European equities
News

Global stock markets find balance amid European equities

Global stock markets maintained a sense of equilibrium, with European equities showing resilience, particularly in response to Italy’s decision to allay concerns about a proposed bank profit tax. Meanwhile, the dollar experienced a slight decline as new economic data highlighted shifts in the Chinese economy. As Wall Street opened to mixed sentiments, the Nasdaq and […]

Banks dollar sale drops as naira falls to N1,479
Business

Investors gain N421bn as stock market hits five-year high

Investors in the Nigerian stock market made N421 billion on Tuesday, reaching its highest point in 15 years. According to Vanguard, since the new government took office on May 29, 2023, stock market activity has been unstable as investors have continued to wager on how the new administration’s economic objectives will affect the value of stocks. […]