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Archives - September 2023

29
Sep

MARKET PERFORMANCE REPORT FOR 29TH SEPTEMBER, 2023

Transaction on the floor of the Stock Exchange on Friday, September 29, 2023, sustained its bearish sentiment as the market closed the last trading day of the month on a negative note. The  All Share Index declined by 0.10% to settle at 66,382.14 from the previous close of 66,448.63. This brings the year-to-date to 28.92%, the …

29
Sep

Daily Business News Brief – September 29th, 2023

Bearish trading persists on NGX as investors lose N112bn – Punch Sustained bearish trading on the Nigerian Exchange Limited on Thursday resulted in a loss of N112bn by investors.The local bourse had suffered losses in each trading session this week. On Monday, investors lost 242bn, followed by N126bn loss on Tuesday. Trading didn’t take place …

28
Sep

MARKET PERFORMANCE REPORT FOR 28TH SEPTEMBER, 2023

Transaction on the floor of the Stock Exchange on Thursday, September 28, 2023, sustained its bearish sentiment as the market closed on a negative note. The  All Share Index declined by 0.31% to settle at 66,448.63 from the previous close of 66,652.17. This brings the year-to-date to 29.02%, the month-to-date to a negative 0.05% and the …

28
Sep

Daily Business News Brief – September 28th, 2023

Nigerian banks incur $1billion in loan losses, blame macro-economic conditions – Nairametrics Nigeria’s leading commercial banks suffered loan losses estimated at a combined $1 billion in the first half of 2023. This is according to data collated from the 2023 half-year financial statements released by the banks in the last few weeks.,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read …

27
Sep

Daily Business News Brief – September 27th, 2023

NGX sustains bearish trading with N126bn loss – Punch The market capitalisation of the Nigerian Exchange Limited, dipped by N126bn on Tuesday, marking the fifth consecutive negative trading session on the local bourse.The equity market kicked off the week’s trading session with a loss of N242bn for investors on Monday.Analysts had projected that this week …

26
Sep

MARKET PERFORMANCE REPORT FOR 26TH SEPTEMBER, 2023

Transaction on the floor of the Stock Exchange on Tuesday, September 26, 2023, sustained a 5 days consecutive negative sentiment as the market closed on a negative note. The  All Share Index declined by 0.34% to settle at 66,652.17 from the previous close of 66,882.64 This brings the year-to-date to 29.33%, the month-to-date to 0.26% and …

26
Sep

Daily Business News Brief – September 26th, 2023

Naira rises, stocks fall as Cardoso faces FX backlog – Businessday The naira appreciated against the dollar on the parallel market while stocks dropped at the end of trading on Monday as markets await the clearing of foreign exchange backlog by Yemi Cardoso, the acting governor of the Central Bank of Nigeria (CBN).Cardoso was recently …

25
Sep

MARKET PERFORMANCE REPORT FOR 25TH SEPTEMBER, 2023

Transaction on the floor of the Stock Exchange on Monday, September 25, 2023, commenced the trading week on a negative note. The  All Share Index declined by 0.68% to settle at 66,882.64 from the previous close of 67,324.39 This brings the year-to-date to 29.65%, the month-to-date to 0.58% and the week-to-date to a negative 0.68% respectively. …

25
Sep

Daily Business News Brief – September 25th, 2023

Stock market sheds N39bn amid increased trade volume – Punch The local bourse closed negative on Friday by 0.11 per cent week-on-week due to weak market momentum which saw investors losing N39bn.Both the market capitalisation and the Nigerian Exchange Limited All Share Index closed trading lower at N36.847tn and 67,324.59 respectively compared to the previous …

22
Sep

MARKET PERFORMANCE REPORT FOR 22ND SEPTEMBER, 2023

Transaction on the floor of the Stock Exchange on Friday, September 22, 2023, sustained a 3 days losing streak and closed the last trading day of the week on a negative note. The  All Share Index declined by 1.39% to settle at 67,324.39 from the previous close of 68,271.14 This brings the year-to-date to 30.33%, …

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