Tag: NGX
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Investors react to interest rate tightening as NGX loses N209bn
The Nigerian stock market recorded a loss of N209 billion in market capitalisation on Wednesday, as investors reacted negatively to the Central Bank of Nigeria’s (CBN) recent interest rate hike.
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Equity market rebounds with N217bn gain
The equity market rebounded on Thursday, adding N217 billion to investors’ portfolios. The gain was driven by stocks like Zenith Bank, Access Corporation, Aradel, among others.
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NGX: Trading in shares of Oando Plc suspended
The Nigerian Exchange Regulation Limited (NGX RegCo), the regulatory arm of the NGX, on Thursday, suspended tradings in the shares of Oando Plc.
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NGX reverses gain, investors lose N148bn to selloffs
The stock market reversed its gain on Wednesday, losing N148 billion or 0.25 per cent amid selling pressure in several key stocks.
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Stock market sustains gain with N197bn
The Nigerian stock market extended its positive momentum on Tuesday, posting a 0.33 per cent gain. This gain added N197 billion to investors’ portfolios.
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NGX suspends trading of Transcorp shares
The Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational Corporation Plc (Transcorp). The NGX, in its weekly report, said that the suspension, on Thursday, was necessary to determine the shareholders entitled to receive the firm’s reconstructed shares.
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NGX closes positive, investors gain N74 billion
To end the week, the stock market rebounded from previous losses, gaining N74 billion. Investor interest in MTN Nigeria, FBN Holdings, Guaranty Trust Holding Company (GTCO) and other equities lifted the market.
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NGX: Value of transactions down by 33.09%
The value of transactions on the Nigerian Exchange Ltd. (NGX) declined by 33.09 per cent on Thursday. Investors traded 277.75 million shares valued at N4.65 billion in 7,091 deals, compared to 356.13 million shares valued at N6.95 billion exchanged in 8,582 deals on Wednesday.
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Investors lose N671bn as NGX dips further
The equity market on Thursday took a further dip, losing N671 billion due to sell-offs in Dangote Cement and Tier-one banking stocks.
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NGX opens positive, gains N57bn
The Nigerian Exchange Ltd. (NGX) market capitalisation opened on a positive note on Monday, recording N57 billion gain.