Nigerian Exchange Sheds N48bn as Investors Eye Debt Securities
The Nigerian Exchange, NGX, shed more than N48 billion on Wednesday as investors continue to park funds into fixed interest securities assets. On Wednesday, trading activities in the stock market closed on a negative note, with key market performance indicators dropping...
Equities Investors Gain N52bn as Transcorp, Eterna, FCMB Rally
Equities investors gained more than N52 billion as Transcorp, Eterna, FCMB and other stocks saw positive price movements in the market. The local bourse commenced the new trading week on a positive note, as key performance indicators posted a modest gain...
UBA Sees Intraday Gain amidst Unusual Trade Volume
UBA Plc is trending positively in the equities market with share price uptick of 2.7% during early trading hours in Nigerian stock market. The Pan African lender share price rose to N38 on Friday as the local bourse continue to recover from...
NGX Index Bumps Intraday as Dangote Sugar, United Capital Plunge
The Nigerian Exchange (NGX) All-Share Index (ASI) is tracking lower due to huge sell pressures in Dangote Sugar Refinery and investment banking stock, United Capital Plc as well as other early decliners in the equities market.
Also, investors are currently selling...
Top 5 Performing Stocks in Equities Market
The Nigerian Exchange ended trading session negative on Monday, but these top five stocks, including NGX Group, Learn Africa, Tantalizer, ABC Transport and Champion Breweries Plc, bucked the trend.
The Nigerian Stock Exchange (NGX) has witnessed significant movements over the past week....
Liquidity: Bonds Payment Stokes Pressure on Interbank Rates
Interbank rates rose as Nigerian bonds auction settlement dragged liquidity in the financial system. The money market experience huge outflow relating to settlement of bonds auction sales by the Debt Office on Monday.
FGN bond auction settlement of approximately N910.30 billion dragged liquidity...
Atlass Portfolio Releases Stock Recommendation ‘Red List’
With expectation of negative upside potential, Atlass Portfolios Limited has advised investors to exit positions in banking, oil and gas, Agriculture among others.
The investment firm appears to be bearish or negative about the stock market outlook given its huge numbers of sell down...
Afrinvest Advises Investors to Reduce Airtel, MTNN Stocks
Afrinvest Securities Limited foresaw negative upside potential in Airtel Africa, and MTN Nigeria Plc, according to its stock recommendation list release on Monday.
The investment securities firm advised investors to reduce interest in the two telecom giants listed on the Nigerian Exchange, NGX...
Equities Investors Portfolio Grows to N67.7trn in Nigerian Exchange
Equities investors achieved a weekly gain amidst mixed trading sentiment in the Nigerian Exchange, NGX, trading platform. The domestic stock market ended the week on a positive note as investors digested inflation data and the Central Bank of Nigeria's (CBN) monetary...
Nigerian Exchange Falls by N44bn as Sell Pressures Persist
The Nigerian Exchange, NGX, equities market capitalisation fell by more than N44 billion on Friday as sell pressures on stocks persisted. Investors took profit amidst corporate earnings release, and negative reactions to the monetary authority’s interest rate pause.
Trading activities ended on...
