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Sterling Financial Holdings followed by 27.75 per cent to close at N4.88, while UACN gained 24.60 per cent to close at N15.45 per share. Meanwhile, 42 equities appreciated in price during the week, higher than 27 equities in the previous week.At Premium Times, we firmly believe in the importance of high-quality journalism. Recognizing that not everyone can afford costly news subscriptions, we are dedicated to delivering meticulously researched, fact-checked news that remains freely accessible to all.
Consequently, the All-Share Index and Market Capitalisation appreciated by 1.46 per cent to close the week at 99,587.25 and N56.323 trillion, respectively, in contrast to 98,152.91 and N55.512 trillion posted last week.
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Stock market review: FBN Holdings leads 41 others as investors gain N811bnFBN Holdings Plc has topped 41 other advanced equities to pull the Nigerian Exchange Ltd.(NGX) market indices up by 1.46 per cent, week-on-week, making investors gain N811 billion.
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Nigerian Equities Market Sees Negative Returns Amidst Global Stock Market DownturnFollowing the recent increase in the benchmark interest rate by the Central Bank of Nigeria, the Nigerian equities market has experienced three consecutive weeks of negative returns. This decline is in line with the global stock market trend, as geopolitical crisis and rising oil prices have dampened investors' appetite. While major stock indices in the US, UK, Japan, and Europe have all declined, China's SSE Index has seen a slight increase.
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CIS seeks CBN’s support to boost stock market transactionsThe Chartered Institute of Stockbrokers (CIS) has urged the Central Bank of Nigeria (CBN) to support the institute to boost transactions
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Doctored video: Dangote Group denies creating AI tool for stock market tradersDangote Group has denied creating an artificial intelligence (AI) tool to help Nigerians trade in the crypto and stock market.
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Operators fume as MRS Oil, others delist from stock marketAgain, strong indications emerged yesterday that the Nigerian Exchange Limited (NGX) will witness massive delisting of firms under the manufacturing,
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Banks’ recapitalization weighs down stock market, investors lose N633bnInvestors have continued to backpedal on the stock market, especially in the banking sector, on the back of the proposed recapitalization of the banks announced late last month by the Central Bank of Nigeria, CBN.
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