Investors suffer N1.45trn loss amid bearish week on NGX
Post AMUGE
January 18, 2025
Onome Amuge The Nigerian equities market witnessed a bearish week of trading, with investors losing N1.452 trillion on the Nigerian Exchange (NGX). The decline marks the first weekly loss of the year, contrasting with a gain of N1.137 trillion the previous week. The value of the stock market, as measured by the market capitalisation, declined […]
NGX rolls out index to focus on equity-based commodity stocks
Post AMUGEJanuary 6, 2025
Onome Amuge The Nigerian Exchange Limited (NGX) has introduced the Equity-based Commodity Index, a benchmark index that tracks the performance of companies operating in key sectors of the Nigerian economy, such as energy, agriculture, mining, metals, and natural resources The launch of the NGX Equity-Based Commodity Index comprises an initial list of prominent constituent companies […]
Investors see N1.253trn boost as NGX kicks off 2025 in green
Post AMUGEJanuary 4, 2025
Onome Amuge Investors in the Nigerian equities market enjoyed a booming trading session at the Nigerian Exchange (NGX) during the final days of 2024 and the early days of 2025, securing a N1.253 trillion weekly profit. This comes on the heels of a N609 billion profit recorded during the previous week, reflecting continued investor confidence […]
Bulls tighten grip by 0.99% in year-end window-dressing as investors gain N987bn
Post AMUGEDecember 30, 2024
Bamidele Famoofo Transactions on the Nigerian bourse ended on a positive note in 2024 as All-share Index rose by 0.99 per cent, closing at 67,133.19 points. As a result, the year-to-date gain for the market reached 30.9 per cent , with the market capitalization growing by N17.97 billion to N36.88trillion. The surge in bullish sentiment […]
NGX extends bullish run as investors pocket N609.27bn in holiday-shortened week
Post AMUGEDecember 30, 2024
Onome Amuge Investors on the Nigerian Xchange (NGX) enjoyed a holiday-shortened yet profitable week as the Nigerian equities market sustained its bullish momentum, adding N609.27 billion to investors’ pockets. This profit follows on the heels of a N1.061 trillion gain the previous week. Despite only three trading sessions due to the Christmas and Boxing Day […]
Turnover in fixed income market soars on high yields as investors inject N59trn in November
Post AMUGEDecember 30, 2024
Bamidele Famoofo Investment in the fixed income and currency market maintained a bullish run in 2024 with transactions in the twilight of the year (November) recording a 111.8 per cent growth year on year (N31.16trn) higher than the turnover in November 2023. On month on month basis, investments in the secondary market of the FIC […]
Stock market down N142bn as bearish sentiment takes hold
Post AMUGENovember 21, 2024
Onome Amuge Investors in the Nigerian Exchange (NGX) suffered losses on Thursday, with the market plunging N142 billion in value. The decline was triggered by a drop in share prices for several key stocks, including WAPIC, UPL, and SOVEREIGN TRUST INSURANCE. The equities market capitalisation shrank from N59.5 trillion recorded on Wednesday to N59.3 trillion. […]
NGX loses N21bn as selloffs hit MTN, PZ,Jaiz Bank
Post AMUGEOctober 30, 2024
Onome Amuge The Nigerian Exchange (NGX) suffered a decline in market capitalisation, losing over N21 billion in value, driven by the sell-off of major stocks, including MTN Nigeria, PZ Cussons, and Jaiz Bank, exerting pressure on the overall market. Wednesday’s trading session ended in the negative territory as key performance indicators slid by 0.04 percent. […]
Selling pressure on Cadbury, Transcorp, others, drags NGX cap down N394bn
Post AMUGEOctober 29, 2024
Onome Amuge The Nigerian Exchange (NGX) experienced a second consecutive contraction in market capitalisation on Tuesday, amounting to over N394 billion, as a result of selling pressure on notable stocks such as Cadbury, Transnational Corporation (Transcorp), and Access Holdings Plc, among others. The domestic bourse closed Tuesday’s trading session on a downtrend, with key performance […]
Stock market plunge wipes out N448bn in investor wealth
Post AMUGEOctober 28, 2024
Onome Amuge The Nigerian stock market experienced a severe sell-off on Monday, with equities investors incurring losses of over N448 billion. A vicious cycle of selling pressure triggered a sharp decline of 0.74 percent in key performance indicators, kick-starting the new trading week on a negative footing for the Nigerian equity market. The All-Share Index […]