SEC Reiterates Commitment To Investors’ Safety In Capital Market
The Securities and Exchange Commission (SEC) has said, the safety of investors and their investments...
Markets
FMDQ Admits Hartleys Supermarket & Store N5bn Commercial Paper
Samuel Mobolaji FMDQ Securities Exchange Limited (FMDQ Exchange), has through its Board Listings, Markets and...
NGX Opens Trading On Positive Note, Gains N9.07bn
Samuel Mobolaji The equities market of the Nigerian Exchange Limited (NGX) on Monday opened first...
FMDQ Lists Dangote Cement’s N90bn Commercial Papers
Samuel Mobolaji FMDQ Securities Exchange Limited has approved the quotation of the Dangote Cement Plc...
Equities Market Down By 0.48% For The Week
Samuel Mobolaji The equities market of the Nigerian Exchange (NGX) at the close of trading...
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...
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. Popoola added that he is looking forward to working with CIS to engage the incoming government to drive policies that will reposition the capital market for growth.
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. Market breadth closed negative at a 1.20-to-1 ratio with declining issues outnumbering advancing ones. FCMB (-5.66%) topped seventeen (17) others on the laggard’s table, while ARDOVA (+10.00%) led fourteen (14) others on the leader’s log.
NGX Halts Gaining Streak, Loses N216.28bn
Samuel Mobolaji The equities market of the Nigerian Exchange Limited (NGX) on Wednesday ended its...
Impressive Return on Investment Is Delivered By Geregu Power
Top-performing stocks offer financial gains and the chance to participate in the company’s profits to...
