Investors react to interest rate tightening as NGX loses N209bn …C0NTINUE READING HERE >>> 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. The Monetary Policy Committee (MPC) of the CBN raised the Monetary … Read more
NGX reverses gain, investors lose N148bn to selloffs …C0NTINUE READING HERE >>> The stock market reversed its gain on Wednesday, losing N148 billion or 0.25 per cent amid selling pressure in several key stocks. The decline was primarily driven by selloffs in Aradel Holdings, Zenith Bank, FBN Holdings, Access Corporation, and Fidelity Bank, among others. … Read more
NGX suspends trading of Transcorp shares …C0NTINUE READING HERE >>> 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. The Exchange … Read more
NGX closes positive, investors gain N74 billion …C0NTINUE READING HERE >>> 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. Notably, the market capitalisation opened at N56.014 trillion, adding N74 billion or … Read more
NGX: Value of transactions down by 33.09% …C0NTINUE READING HERE >>> 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. … Read more