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Vanguard News NGX: Indices drop further by 0.81% On Kindly Share This Story: Key indices of the Nigerian Exchange (NGX) dropped further by 0.81 per cent on Thursday to extend bearish transactions to three consecutive trading sessions. Consequently, the All-Share Index lost 319.08 points or 0.81 per cent to close at 39,114.73 against 39,433.81 on Wednesday. Also, the market capitalisation shed N167 billion or 0.81 per cent to close at N20.470 trillion from N20.637 trillion on Wednesday. The bearish sentiment was sustained on price depreciation in large and medium capitalised stocks amongst wh...

Bear run continues on losses by big-cap stocks Trade ended with a positive breadth with 24 gainers recorded against 22 losers. ADVERTISEMENT Nigerian stocks posted further loss on Thursday as the benchmark index tapered by 0.81 per cent as big-cap equities like MTNN and Dangote Cement contributed most to the slide. The industrial index, the only one to fall of the five sectorial indices tracked by the bourse, dipped 1.19 per cent on account of depreciation recorded by WAPCO and Dangote Cement. Trade ended with a positive breadth with 24 gainers recorded against 22 losers. The all-share index ...

Also, the market capitalisation shed N167 billion or 0.81 per cent to close at N20.470 trillion from N20.637 trillion on Wednesday. The bearish sentiment was sustained on price depreciation in large and medium capitalised stocks amongst which are; MTN Nigeria Communications (MTNN), Dangote Cement, BOC Gases, Red Star Express and SCOA. Market watchers attributed the persistent lull to increased yield in the money market instruments which led to movement of funds. However, 25 stocks gained, relative to 20 losers. BOC Gases led the losers’ chart in perce...

Premium Content Subscriber only A recidivist offender tried to hide from police by standing behind elderly people on a train. Ryan Paul Doyle, 30, pleaded guilty on February 26 in Rockhampton Magistrates Court to 22 charges including obstruct police, trespass, enter dwelling with intent to commit an indictable offence, possess drug utensils, received tainted property, dishonest use of bank cards and fail to appear in court. The offences took place between September 16, 2020 and November 7, 2020 in Rockhampton, Petrie, Gladstone and New Auckland. Police prosecutor Sergeant Shaun Janes said pol...

The nation’s bourse retreated on Thursday, reversing two days positive sentiment with a loss of N65 billion following profit taking on banking and consumer goods stocks.