The Nigerian equity market ended its Year-to-Date losing streak to what turned out to be a bullish October. The All-Share Index (ASI) gained 4.52% for the month starting at 40,221.17 basis points and ending at 42,038.6 basis points. This puts the NGX’s YTD performance at 4.39%. This is the first time since January that the […]
Profit-taking Halts Three-day Gains on NGX thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
The Nigeria Exchange Limited (NGX) ended the month of June on a positive note as bulls dominated proceedings in the market on the 30th of the month.
The ASI (All share Market Index) appreciated by 0.71% to close at 37,907.28 and the Market cap increased by N138 billion.
Nestle Nig Plc led the 20 gainers against 16 losers to close the day, taking the market breadth to 1.25x, reflecting a bullish market. However, month-on-month, the Nigerian Exchange ASI depreciated by 1.38% from 38,437.88 points in May 2021 to 37,907.28 in June 2021.
The situation was largely brought about by investors continuing to short their investments in equities to take positions in the Fixed Income space where rates are rising, in a bid to take shelter from the onslaught of Nigeria’s inflation rates.
Equities Market Rebounds as Bulls Return thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
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Investors in the nation’s stock market lost N130bn on Thursday as 30 firms saw their share prices decline at the end of trading.
The Nigerian Stock Exchange All-Share Index fell by 0.63 per cent to 40,212.19 basis points from 40,465.32bps on Wednesday.
The market capitalisation of listed equities dropped by N130bn to N21.04tn from N21.17tn on Wednesday.
A total of 426.27 million shares valued at N4.75bn were traded in 4,972 deals at the end of trading on the floor of the NSE on Thursday.
University Press Plc led the losers on Thursday as its share price declined by 9.09 per cent to close at N1.20.