Tuesday, April 23, 2024
MARKET UPDATE
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Tag "Stock market"

Banks push Nigeria’s stock to world’s second best-performing spot in 2024

    Banks push Nigeria’s stock to world’s second best-performing spot in 2024

The Nigerian Exchange all-share index (ASI) has appreciated by 11 percent or 8,269 basis points year‐to-date, placing it second in the world behind Argentina. The development comes as Nigerian equities

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Commercial banks’ stock rise after CBN announced recapitalisation plan

    Commercial banks’ stock rise after CBN announced recapitalisation plan

Nigerian bank shares rose on Monday as investors responded favourably to the announcement that the Central Bank of Nigeria (CBN) will require them to increase capital buffers. Leading the way,

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Domestic, foreign portfolio transactions rose by N33.24bn in September, says NGX

    Domestic, foreign portfolio transactions rose by N33.24bn in September, says NGX

The Nigerian Exchange Limited (NGX), on Wednesday, says the total domestic and foreign portfolio transactions in Nigeria’s equity market rose by 12.66 percent or N33.24 billion month-on-month in September. In

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Sell pressure dominates stock market as investors lose N604bn

    Sell pressure dominates stock market as investors lose N604bn

Investors in the stock market lost N604 billion in one week as sell pressure dominated the market on all trading days – reversing the previous week’s gain. The all-share index

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Dangote Cement hits highest price in more than two years ahead of share buyback plan

  Dangote Cement hits highest price in more than two years ahead of share buyback plan

Shares of Dangote Cement, Africa’s biggest cement producer, was on full bid yesterday gaining 10 percent — the biggest in

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Investors gain N18.2bn as NSE sustains bullish performance

  Investors gain N18.2bn as NSE sustains bullish performance

The Nigerian Stock Exchange (NSE) sustained the bullish performance on Wednesday trading session due to buying interest in shares belonging

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DMO: American investors are largest buyers of Nigeria’s Eurobond

  DMO: American investors are largest buyers of Nigeria’s Eurobond

The Debt Management Office (DMO) says American investors are the largest buyers of Nigeria’s $2.5bn Eurobond. New data released by

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Economic uncertainties, 2015 create lull at capital market

  Economic uncertainties, 2015 create lull at capital market

Some capital market operators on Wednesday attributed the persistent decline in the nation’s stock market to the warehousing of funds

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