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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 stock market extended its positive performance yesterday as gains in bellwether counters pushed the Nigerian Exchange (NGX) Limited All-Share Index (ASI) by 0.5 per cent to close at 38,418,04. Similarly, market capitalisation added N103.2 billion to close at N20.026 trillion. The market, which rebounded last week had opened the week with a marginal gain of 0.02 per cent on Monday. However, the positive trend was sustained yesterday as investors swooped on interim dividends paying firms such as Seplat Energy Plc, Zenith Bank Plc and Access Bank Plc. In all, 28 equities appreciated compared with 10 stocks that depreciated. Market analysts had envisaged a bull market, saying expectations for half-year (H1) earnings seasons would retain the market in the bulls’ territory as investors position for interim dividends. ....
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.
By Goddy Egene The Nigerian Exchange (NGX) Limited All-Share Index (ASI) rose 0.2 per cent to close higher at 38,548.24 as the market extended its recovery for the second day. The appreciation was supported by gains recorded by MTN Nigeria Plc, FCMB Group Plc and Lafarge Africa Plc. Market capitalisation added N34.3 billion to close at N20.1 trillion. Similarly, the volume and value of trading improved 59.1 per cent and 41.2 per cent to 249.7 million shares and N1.9 billion respectively. The most traded stocks by volume were Sovereign Trust Insurance Plc (35.5 million shares), FCMB Group Plc (22.7 million shares), and AXA Mansard Insurance Plc (16.9 million shares) while Stanbic IBTC Holdings Plc (N182.9 million), Lafarge Africa Plc (N100.3 million), and MTN Nigeria Plc(N99.2 million) led by value. ....