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Market Wrap: NGX Shrinks on Pre-Earnings Stock Selloffs The Nigerian Exchange (NGX) market capitalisation shrank by about N157 billion week-on-week…

With a market cap of N129 trillion, the Nigerian Exchange (NGX) sustained its bullish run on Tuesday, as investors gained N687 billion amid continued buying interest in key equities.

The Nigerian equity market has crossed a defining psychological and structural milestone. The NGX All-Share Index climbed to 201,000 points, decisively breaching the long-anticipated 200,000 threshold and establishing a fresh all-time high on the Nigerian Exchange Limited.

The Nigerian Exchange (NGX) market capitalisation topped N127 trillion on Friday, as equity investors recorded a gain of about N962 billion from trades executed on the platform.

Money market analysts anticipate that robust primary market repayment of N2.4 trillion will play a pivotal role in strengthening liquidity in the financial system. This anticipated surge in liquidity is primarily driven by inflows from matured Open Market Operations (OMO) and Treasury bills.

Oil prices edged higher on Friday as disruptions to shipments through the Strait of Hormuz following attacks on Iran continued to fuel supply concerns.

The Central Bank of Nigeria (CBN) is poised to open Treasury bills for subscription at the primary market auction on Wednesday to efficiently refinance maturing securities.

Year-to-date return moderated to 24% as the Nigerian Exchange (NGX) market capitalisation dropped by N1.4 trillion amid profit-taking in some stocks that recently rallied in the local bourse.

Money Market Rates Soften Despite OMO, NTB Debits Money market rates softened despite huge outflows related to settlement for OMO…

Nigerian Bourse Hits N110trn as NGX Market Movers Move The Nigerian Exchange (NGX) hit N110 trillion mark on Friday as…