Browsing: NGX

The equities market extended its bullish run on Tuesday, with the Nigerian Exchange (NGX) All-Share Index (ASI) advancing by 0.53% to close at 244,697.62 points.

Equities investors gained more than N714 billion as the Nigerian Exchange (NGX) All-Share Index rebounded from the broader sell-off reported last week.

The Nigerian Exchange Group (NGX Group) says the anticipated Initial Public Offering (IPO) of Dangote Refinery and Petrochemicals is being positioned as an African investment opportunity.

The Nigerian Exchange (NGX) All-Share Index rebounded on Friday, as Tier-1 bank and Lafarge Africa stocks halted the downtrend in the local bourse after 4 days.

The Nigerian equities market extended its bearish run on Thursday, with the All-Share Index declining 0.37% to settle at 242,227.31 points.  The local bourse shrank as sell pressure persisted for four days straight, in what some stockbrokers now call a price correction after a fast-and-furious rally.

Cement company Lafarge Africa Plc lost about 10% of its market value due to heavy sell-offs on the Nigerian Exchange. The sell pressure aligned well with broader market direction, stockbrokers said, reflecting an ongoing market correction that has lasted for three days.

Analysts at CardinalStone Securities Limited have jerked up their target price for Transnational Corporation to N69.71 per share, citing the TransAfam turnaround as the reason for their buy recommendation.

Equities investors lost N2.28 trillion as the stock market continues to reprice overbought stocks, and sentiment deteriorated for the third trading session in June 2026.

The Nigerian Exchange (NGX) All-Share Index (ASI) and market capitalisation shrank further on Tuesday, with the equities portfolio balance reducing by N478 billion as sell pressure persisted.

Equities investors lost N181 trillion in a swoop on Monday over risk-off sentiment spotted across key sectoral indices.  The Nigerian Exchange (NGX) opened trading for the month in negative territory, with key market performance indicators declining by 1.3%.