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The Nigerian stock market abruptly snapped its months-long upward trajectory last week as aggressive profit-taking wiped billions off equity valuations. Total market capitalisation on the Nigerian Exchange Limited plummeted by over 4.91 trillion naira within a five-day trading window. This sharp reversal forced the aggregate value of listed equities down to 155.59 trillion naira from…
Nigerian stocks extended their upward trajectory in May as corporate earnings reports triggered a fresh wave of domestic buying. Data from the Nigerian Exchange Limited showed equity investors accumulated over N4.514 trillion in capital gains during the month. The market also staged a swift recovery from its late-May wobble. It reclaimed N431 billion in total…
The Nigerian Exchange extended its bearish run as profit-taking in the industrial and insurance sectors dragged performance indicators lower. The All-Share Index dropped by twenty-five basis points to close a subdued trading session. Institutional investors led the retreat by liquidating positions in recently appreciated mid-cap equities. The downturn mirrors growing caution on Broad Street as…
Nigeria’s equity market grew by N1.4 trillion last week as institutional demand for blue-chip stocks remained high. The total value of listed companies on the Nigerian Exchange reached N131.17 trillion by Friday. This rally pushed the All Share Index up by 1% to cross the 200,000-point milestone. Large-cap stocks in the banking and industrial sectors…
A late resurgence in financial services equities provided sufficient thrust to elevate the Nigerian Exchange Limited’s benchmark indicators on Thursday, with the All-Share Index advancing 576.27 points to conclude at 203,161.81 points. The 0.28 per cent expansion translated into N370bn of fresh capitalisation, pushing aggregate market value to N130.774tn. The session’s trajectory defied underlying fragility…
The Nigerian Exchange recorded an unprecedented milestone yesterday as the all-share index breached the 200,000-point threshold for the first time in the market’s history, driven by strong investor demand and broad-based gains across key sectors. The benchmark index rose 1.55 per cent to close at 201,474.89 points, up from 198,407.3 points in the previous…
Sustained bargain hunting in heavyweight stocks drove the Nigerian Exchange Limited market capitalisation up by N923 billion last week, extending the rally that has defined domestic equity trading in recent weeks and further strengthening investor confidence in Nigerian equities. The all-share index closed the week at 198,407.3 points, representing a 0.73 per cent week-on-week gain,…
The Nigerian Exchange Limited sustained a remarkably positive trajectory during the final trading sessions of the week. Investors effectively added four trillion naira to their collective wealth over a brief five-day operational period. This significant appreciation reflects a renewed confidence in the underlying fundamentals of the domestic corporate sector. Market capitalisation reached an unprecedented peak…
