The Nigerian Equity Market experienced a downturn on the first trading day of the week on Monday mirroring the broader global market decline. This decline resulted in a N93 billion loss in market capitalisation which now stands at N55.40 trillion. The All-Share Index fell to 97,582.41 points, down 0.17 per cent from the previous close of 97,741.86 points. The day …

There are indications that investors in the Nigerian stock market may have started trading cautiously amidst a hazy macroeconomic outlook while awaiting the half-year 2023 (H1’23) financial results of quoted companies. Consequently, the market was dominated by the bears as investors took profits, selling off some positions to realign their portfolios. The key index, Nigerian Exchange Limited (NGX) All-Share Index …

The equities at the Nigerian Stock Exchange concluded the week on a positive note, with investors registering N119 billion in one week, after a rise of 46 basis points (bps) or 0.4 percent week-to-date. Similar to overall performance, sectoral performance also showed mixed results, with three indexes closing in the green and two closing in the red week-to-date. NUPRC COMMERCIAL …