Tag: NGX

The Nigerian Exchange Ltd. (NGX) market capitalisation opened on a positive note on Monday, recording N57 billion gain.

The domestic bourse on Friday continued its downtrend with a 0.07 per cent loss, equivalent to N37 billion, driven by sell-offs in Tier-one banking stocks.

The stock market, on Thursday, reversed some gains from its previous sessions, indicating a loss of N267 billion from the portfolios of investors.

The Nigerian stock market, on Wednesday, reversed gains from previous sessions with a loss of N193 billion. Selloffs in Tier-one banking stocks namely, Zenith Bank, Access Corporation, Guaranty Trust Holding Company (GTCO), among other declined equities were the primary drivers of the market’s relapse.

Opening the week,investors’ interest in Tier-one banking stocks further extended gains of the Nigerian stock market capitalisation by N123 billion or 0.22 per cent.

The Nigerian stock market on Friday closed the week on a positive note, with investors adding N99 billion to their portfolios.

The domestic bourse on Wednesday halted its three consecutive sessions of gain, as the market capitalisation shed N176 billion or 0.32 per cent. Specifically the Nigerian Exchange Ltd. (NGX) market capitalisation which opened at N55.437 trillion, closed at N55.261 trillion.

The domestic bourse reversed its previous session’s gain on Monday, recording a loss of N404 billion or 0.72 per cent for equity market investors.

The Nigerian stock market rebounded with positive momentum on Wednesday, adding N97 billion to investors’ portfolios.