CAPITAL MARKET Stock market reverses losses as capitalisation rises by N28b Investors’ renewed appetite for some blue-chip stocks may have helped the Nigerian equities market to reverse losses thus, causing market capitalisation to increase by N28 billion. Specifically, the All-Share Index (ASI) increased by 55.50 absolute points, representing a growth of 0.15 per cent to…
CAPITAL MARKET Stock market falls further, investors lose N34bn Investors in the Nigerian stock market lost N34.33bn at the end of trading on the floor of the Nigerian Exchange Limited extending losses from the previous week. The NGX All-Share Index fell slightly by 0.19 per cent to close at 37,585.35 basis points on Monday from…
CAPITAL MARKET NGX seeks tax reduction, minister urges increased citizen trading The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has urged the Nigeria Exchange Limited to aid ordinary citizens in participating actively in the capital market. According to a statement from the NGX, Ahmed, during a courtesy visit of the organisation’s management…
CAPITAL MARKET NGX rebounds as capitalisation increases by N78 billion The Nigerian Exchange Limited (NGX) halted three consecutive days of losses to close in an upbeat yesterday, as investors’ wealth increased by N78 billion. At the close of trading yesterday, the All-Share Index (ASI) increased by 149.89 absolute points, representing a growth of 0.40 per…
CAPITAL MARKET Government, corporates raise N4.58 trillion from fixed income market Despite the weak macroeconomic situation, the Federal Government and corporate organisations in the country have so far raised N4.58 trillion from the capital market via the fixed income segment between January to June 3, 2021. Data obtained from NGX’s X-Compliance Report on new listings…
CAPITAL MARKET Stock investors lose N360bn, market cap falls below N20tn Investors lost N360bn on Tuesday at the end of trading on the floor of the Nigerian Exchange Limited as the stock market extended its decline. The NGX All-Share Index fell by 1.81 per cent to close at 37,847.07 basis points from 38,545.3bps on Monday,…
CAPITAL MARKET Fidson Healthcare, 16 others drive stock market lower The Nigerian stock market closed on a negative note on Monday as 17 companies saw their share prices decline at the end of trading. The Nigerian Exchange Limited All-Share Index fell by 0.27 per cent to close at 38,545.3 basis points while the market capitalisation…
CAPITAL MARKET NGX Suspends Trading in GTBank’s Shares Ahead of HoldCo Listing The Nigerian Exchange (NGX) Limited last Friday placed full trading suspension on the shares of Guaranty Trust Bank (GTBank) Plc. According to the NGX, the suspension was necessary to prevent trading in the shares of the bank in preparation for the eventual delisting…
CAPITAL MARKET Board of Capital Hotel Plc Agrees to Sell 51% Stake to 11 Plc The Board of Directors of Capital Hotel Plc, owners of Sheraton Abuja Hotel, has resolved to sell 51 per cent stake in the company to 11 Plc, formerly Mobil Oil Nigeria Plc. In a notification to the Nigerian Exchange (NGX)…
CAPITAL MARKET Dangote Cement issues N50bn bonds for expansion projects, others Dangote Cement Plc, Africa’s largest cement producer, has announced the successful issuance of N50 billion Series 1 Fixed Rate Senior Unsecured Bonds under the company’s new N300 billion Multi-Instrument Issuance Programme. The company said on Wednesday that the bonds were issued on May 26,…