Archives - May 2023

Transaction on the floor of the Stock Exchange for the last trading day in the month of May was Bullish as transaction on Wednesday May 31, 2023 closed on a positive note. The  All Share Index appreciated by 0.06% to settle at 55,769.28 from the previous close of 55,745.74. This brings the year-to-date to 8.87%, …

Bourse welcomes Tinubu, records highest gain in two years •Capitalisation rises by N1.5 trillion in one trading session•Operators link performance to new administration’s forthrightness- Guardian Expectations that President Bola Tinubu’s administration will stimulate activities in the nation’s stock market and restore the exchange on a path of sustainable growth triggered an unprecedented rally in the bourse …

Transaction on the floor of the Stock Exchange commenced the first trading day of the week and also the first day after the inauguration of a new president with a massive gain as transaction on Tuesday May 30, 2023 closed on a positive note. The  All Share Index appreciated by 5.23% to settle at 55,745.74 …

Demand for investors’ protection deepens as companies exit NGX – Punch As the Nigerian Exchange Limited regains its upward movement after the sharp dip following the general elections, investors have another challenge to deal with; companies seeking to delist from the NGX.At least three quoted companies have expressed interest in delisting from the NGX. Energy …

Transaction on the floor of the Stock Exchange on Friday May 26, 2023 closed on a positive note as the  All Share Index appreciated by 0.29% to settle at 52,973.88 from the previous close of 52,821.64. This brings the year-to-date to 3.58%, the month-to-date to 1.11% and the week-to-date to 1.50% respectively. Market Capitalisation closed …

Total FGN savings bond allotment hits N5.06 billion in five months•Capitalisation dips by N58b, 23 stocks record losses – Guardian The Nigerian Exchange Limited (NGX) has revealed that the total allotments for FGN Savings Bonds have risen to N5.06 billion in the first five months of 2023.Divisional Head, Capital Markets at NGX, Jude Chiemeka, revealed …

Transaction on the floor of the Stock Exchange recorded its first decline of the week, as transactions on Thursday May 25, 2023 closed on a positive note. The  All Share Index declined by 0.20% to settle at 52,821.64 from the previous close of 52,927.60. This brings the year-to-date to 3.29%, the month-to-date to 0.82% and …

Investors gain N167bn as Nestle, others help market defy rate hike – Businessday Nigeria’s equities market furthered its northward trend on Wednesday, rising by 0.58percent or N167billion to defy rate hike by the Monetary Policy Committee (MPC).The Central Bank of Nigeria (CBN) on Wednesday after the two-day Monetary Policy Committee (MPC) meeting, the last under …

Transaction on the floor of the Stock Exchange sustained its bullish run for the third consecutive day in the week, as transactions on Wednesday May 24, 2023 closed on a positive note. The  All Share Index appreciated by 0.58% to settle at 52,927.60 from the previous close of 52,621.19. This brings the year-to-date to 3.49%, …

NGX extends gains as Stanbic IBTC, others lift indices by N138b – Guardian The Nigerian Exchange Limited (NGX) extended gains to the third consecutive session yesterday as buying interest in Stanbic IBTC Holdings Plc, PZ Cussons others lift market capitalisation further by N138 billion.The All Share Index (ASI) gained 252.06 points, representing a growth of …