Browsing: NGX

NGX Seeks Stronger Nigeria-UAE Capital Market Ties The Group Chairman of Nigerian Exchange Group (NGX Group), Dr Umaru Kwairanga, has…

Equities investors lost about N73 billion as the Nigerian Exchange (NGX) All-Share Index (ASI) dipped on Thursday ahead of the Democracy Day holiday.

The Nigerian Exchange (NGX) All-Share Index (ASI) climbed as equities investors gained N99 billion, extending the 3-day rally. The Nigerian stock market closed on a positive note as buying interest persisted in several large- and mid-cap stocks.

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.