NAHCO Gains 22% as Earnings Expectation Boosts Investors Sentiment Nigerian Aviation Handling Company, NAHCO Plc’s…

The equities market capitalisation of the Nigerian Exchange, NGX, grew by N10.6 trillion as insurance, banking, and consumer goods indices drove rallies that lasted for four out of five days. The local bourse extended its winning streak in the just-concluded week, achieving a historic milestone as the benchmark NGX All-Share Index (ASI).

Equities investors lost more than N72 billion as selloffs halted eight days of gaining streaks on the Nigerian Exchange on Friday. Trading session ended negative due to profit-taking activities on Aradel Holdings, halting an eight-day rally.

The average yield on Nigeria’s Eurobond rose as foreign portfolio investors (FPIs) liquidated positions amidst U.S. interest rate cuts. The risk-off reactions followed sustained monetary easing in the U.S. amidst expectations that a rate cut would cause a flight to safety in 2025.

Liquidity Deficit in Banking System Keeps Interbank Rates Elevated The liquidity deficit in the banking…

Aradel Holdings Plc, and some banking names are driving positive momentum on the Nigerian Exchange (NGX) trading platform during early trading hours on Thursday. Investors are hunting for oil stock and Aradel Holdings has become an attractive counter amidst sustained bullish trend in the local bourse.