The Nigerian Exchange Limited (NGX) maintained its strong bullish momentum on Wednesday, with investors reaping N186 billion in profits. The market capitalization of NGX increased by N186 billion, or 0.27 percent, reaching N68.543 trillion, up from N68.357 trillion on Tuesday. The All-Share Index (ASI) also saw a rise, climbing by 296.72 points, or 0.27 percent,…
Investors in the Nigerian stock market enjoyed a gain of N307 billion, fueled by heightened buying interest. The market capitalization of the Nigerian Exchange Limited increased by N307 billion, or 0.45 percent, closing at N68.412 trillion, up from N68.105 trillion on Tuesday. The All-Share Index (ASI) also rose by 488.73 points, or 0.45 percent, finishing…
Early this week, the stock market remained in a bearish trend, resulting in a loss of N81 billion for investors in the Nigerian Exchange Limited. Market capitalization fell by 0.12 percent, decreasing from N66.577 trillion on Tuesday to N66.496 trillion on Wednesday. The All-Share Index also experienced a decline of 0.12 percent, dropping 130.33 points…
The Nigerian Exchange regulator, NGX has issued 37 regulatory actions against NGX, about 16 years after NGX was regulated. This is according to a recent report by BrokerTraX, a compliance body for broker license holders. The report showed that from 2011 to 2023, 3,792 violations were documented, including 193 rule violations by securities companies. The…
The Nigerian Exchange Limited experienced a downturn on Wednesday, with the market capitalization decreasing by N176 billion, or 0.32 percent, following three consecutive days of gains. The market capitalization, which started at N55.437 trillion, fell to N55.261 trillion by the end of the trading day. The All-Share Index also saw a decline of 0.32 percent,…
By Ajibola Olarinoye Investors in the stock market have lost over N1.3 trillion on the Nigerian exchange constrained, NGX, following the boost in monetary coverage charge, MPR, by way of the crucial financial institution of Nigeria, CBN, to 26.75% from 26.25% remaining week. Analysts defined that with the sparkling boom in MPR, buyers started out…
