Lagos, June 24, 2021 The Nigerian stock market rebounded on Thursday by N78 billion due to buying interest in BUA Cement and Zenith Bank, halting three consecutive days bearish mood. Specifically, the All-Share Index inched higher by 0.40 per cent to 37,954.35 against 37,804.46 achieved on Wednesday. Accordingly,
Investors lose N364 billion over increased sell pressure in blue chip naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
By Chinyere Joel-Nwokeoma
Lagos, May 27, 2021 Transactions on the Nigerian Exchange (NGX) closed in red on Thursday, losing N99 billion on losses posted by Dangote Cement and 20 other stocks.
Consequently, the market capitalisation which opened at N19.928 trillion dipped N99 billion or 0.99 per cent to close at N19.829 trillion.
Also, the All-Share Index inched lower by 189.10 points or 0.49 per cent to close at 38,044.58 compared with 38,233.68 posted on Wednesday.
Accordingly, the month-to-date and year-to-date losses increased to 4.5 per cent and 5.5 per cent, respectively.
The market downturn was driven by price depreciation in large and medium capitalised stocks amongst which are; Dangote Cement, Guaranty Trust Bank, MRS Oil, Eterna and UACN.
NGX rebounds by 1.75% on Dangote Cement, MTNN gains
By Chinyere Joel-Nwokeoma
Lagos, April 29, 2019 Trading returned to positive territory on Thursday with the key indices rebounding by 1.75 per cent , amid gains by some highly capitalised stocks.
Consequently, the All-Share Index chalked up 679.72 points or 1.75 per cent to close at 39,461.20 from 38,781.48 recorded on Wednesday.
Similarly, the market capitalisation inched higher by N355 billion in six hours to close at N20.651 trillion against N20.296 trillion.
The uptrend was also driven by price appreciation in medium and large capitalised stocks amongst which include
Dangote Cement, MTN Nigeria Communication, Okomu Oil, Julius Berger and Ekocorp.