Away from our expectation, the domestic equities market halted its bullish run as the NGX ASI shed 0.1% to 43,859.30 points today, following sell-pressure on bellwether manufacturing stocks –...
Today, buying interest in bellwether stocks – DANGCEM (+4.0%), BUAFOODS (+10.0%), and UBA (+3.1%) buoyed market performance as the NGX ASI rose 0.1% to 43,897.13 points. BUA Foods Plc, the newest member...
Billionaire Richard Branson is reportedly looking to Amsterdam rather than London for his first European-listed special purpose acquisition company. Sky News reported that Branson, founder of...
In tandem with our outlook yesterday, buying interest in WAPCO (+3.1%), FBNH (+1.8%), and UBN (+3.7%) bolstered performance today as the NGX All-Share Index rose 0.3% to 43,607.94...
Airtel Africa Plc, has reported the sales of its telecommunications tower assets in Tanzania to SBA Communications Corporation at a gross consideration of $176.1m. Under the...
The domestic equities market commenced the year on a positive note, driven by bargain hunting in BUACEMENT (+7.3%), STANBIC (+5.6%), and ZENITH (+0.6%). Accordingly, the NGX-ASI rose 0.7% to 43,026.23 points, market capitalisation gained...
The Bulls resurfaced on the local bourse to conclude trading for the year on a positive note. Accordingly, the NGX All-Share Index swung 1.1% higher w/w to settle at...
Today, the domestic equities market lost due to sell pressure on some bellwether banking stocks – ZENITH (-0.8%), ACCESS (-0.6%), and UBA (-0.6%). Accordingly, the benchmark index tapered 1bp to 42388.57 points, market capitalisation...
The domestic equities market kicked off the week with a bullish performance driven by bargain hunting in DANGCEM (+0.6%), GTCO (+0.8%), and FBNH (+1.2%). Accordingly, NGX All-Share Index gained 10bps to 42,394.71 points, market...
Airtel Africa on the floor of the Nigeria Exchange announced the former introduction of Chimera Investment LLC as an additional investor in Airtel Mobile Commerce BV (‘AMC...
In tandem with our outlook yesterday, bargain buying in GTCO (+2.4%), DANGSUGAR (+2.8%), and MTNN (+0.1%) bolstered performance today as the NGX All-Share Index rose 9bps to 42,357.36 points. Accordingly, YTD return improved...
At the local bourse today, sell pressure on ZENITH (-1.2%), GTCO (-3.9%), and WAPCO (-0.8%) dragged performance as the NGX All-Share Index fell 22bps to 42,411.12 points. Therefore, YTD return pared...
The Nigerian Exchange (NGX) says the value of the country’s green bonds market has grown to N55.52 billion in four years, from 2017 to 2021. The...
The local bourse commenced the week on a positive note, fuelled by gains in MTNN (+7.1%), DANGCEM (+1.2%), and ZENITH (+1.8%). Thus, the NGX All-Share Index rose 1.3% to 42,411.12...
Today, the NGX All-Share Index gained 1.0% to 42,435.16 points due to buying interest in MTNN (+4.5%), UBA (+5.3%), and DANGSUGAR (+6.7%). Accordingly, YTD return improved to 5.4% while market capitalisation rose ₦217.2bn to...