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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 brushes off Musk’s criticism of $500bn AI project
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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 […]

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  • October 25, 2023
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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. […]

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 […]

Stock Market analysis
Business featured

Nigeria’s stock market hits N30trn amid elections

The total market value of Nigerian stocks hit N30 trillion on Monday, amid the uncertainty surrounding the result of Saturday’s general election. BusinessDay reported that Nigerian Exchange Limited All-Share Index and the market capitalisation of equities rised to 55,328.42 points and N30.14 trillion from preceding day’s low of 54,949.21 points and N29.93 trillion respectively. The […]

How Nigerian banks performed first half of 2022
Banking

Why bank stocks dropped by N141bn – Analyst

Market experts and analyst have explained why the banking sector performance ended the year out of the loop as five banks saw their value downed by 5.5 per cent from N2.57tn in 2021 to N2.43tn at the close of trading in 2022. The five banks collectively known as Tier-1 banks all saw a decline in […]