Stocks Market Extends Bullish Run By N102.4bn
Samuel Mobolaji
The equities market of the Nigerian Exchange Limited (NGX) on Tuesday extended the bullish run for the...
SEC Reiterates Commitment To Investors’ Safety In Capital Market
The Securities and Exchange Commission (SEC) has said, the safety of investors and their investments in the capital...
FMDQ Admits Hartleys Supermarket & Store N5bn Commercial Paper
Samuel Mobolaji
FMDQ Securities Exchange Limited (FMDQ Exchange), has through its Board Listings, Markets and Technology Committee, approved the...
NGX Opens Trading On Positive Note, Gains N9.07bn
Samuel Mobolaji
The equities market of the Nigerian Exchange Limited (NGX) on Monday opened first trading session of the...
FMDQ Lists Dangote Cement’s N90bn Commercial Papers
Samuel Mobolaji
FMDQ Securities Exchange Limited has approved the quotation of the Dangote Cement Plc N90 billion Commercial Papers...
Equities Market Down By 0.48% For The Week
Samuel Mobolaji
The equities market of the Nigerian Exchange (NGX) at the close of trading activities for last week...
NGX All-Share Index Ends The Week Negative, Down 0.48%
In the last trading session of the week, the NGX All-Share Index settled 0.10% higher at 52,214.62 points. Renewed interests in Tier 1...
NGX CEO, Popoola Honoured With CIS Fellowship
Samuel Mobolaji
The Chartered Institute of Stockbrokers (CIS) has inducted the Chief Executive Officer of Nigerian Exchange Limited (NGX) as a Fellow of the Institute on Monday, 8 May 2023.
Delivering his welcome address at the event, the President and Chairman of Council, CIS, Mr Oluwole Adeosun, FCS, stated that the Fellowship of the Institute was the highest category of membership.
“For a member of the Institute to become a Fellow, the individual must, in addition to professional excellence, pass the moral and integrity tests with flying colours. This gentleman has done just that.”
In his acceptance speech, Mr Temi Popoola, FCS, CEO of NGX, thanked the Institute's board of fellows and the full council members for the great honour, and pledged to continue to uphold the institute’s core values.
“I am extremely delighted because I am emotionally connected to this market and I am grateful for the support received from CIS since I became the CEO of NGX. At NGX, we strive to always incorporate CIS in our strategy as the Institute ranks high among our critical stakeholders,” he said.
Stocks Market Sustains Bearish Trend By N26.04bn
Samuel Mobolaji
The equities market of the Nigerian Exchange Limited (NGX) on Thursday sustained the bearish trend, as market capitalization shed N26.04biln to close at N28.40trillion, as against N28.43trillion ended on Wednesday and N28.64trillion recorded on Tuesday.
Specifically, local bourse benchmark index shed for the second consecutive session, extended losses as the All Share Index (ASI) closed 0.09 per cent weaker to close at 52,161.24 points.
Statistics obtained from the NGX, shows that the market's weak performance was driven by losses in Tier 1 banking names, ZENITHBANK (-2.05%), GTCO (-2.44%), and ACCESSCORP (-3.77%). The loss puts the index on track for a weekly loss.
As a result, the ASI's year-to-date (YTD) return fell to 1.78 per cent, while market’s trade turnover settled lower relative to the previous session, with the value of transactions down by 12.04 per cent.
A total of 477.37mnillio shares valued at N5.24billion were exchanged in 5,539 deals. For the fifth consecutive session, ACCESSCORP (-3.77%) led volume and value charts with 169.32m units traded in deals worth N1.74billion.
NGX Halts Gaining Streak, Loses N216.28bn
Samuel Mobolaji
The equities market of the Nigerian Exchange Limited (NGX) on Wednesday ended its four-day gaining streak, as...