-
Nigerian Banks’ Stocks Fall By N141bn
According to data available on the Nigerian Exchange Limited, banking sector performance ended the year out of the loop as five banks saw their value downed by 5.5 per cent This is coming despite the Nigerian capital market closing the year on a bullish trend. The drop is from N2.57 trillion in 2021 to N2.43…
-
Equity Investors Gain N4.15trn In Q3’22
In the last nine months, investors in Nigeria’s stock market have gained over N4.15 trillion. This is coming amidst inflationary pressure which stood at 20.52 percent. On monthly performance, the investors lost over N324 billion in the month of September 2022, as a result of sell-off pressure arising from the rising inflation rate, increased Monetary…
-
Nigerian Stock Market Opens November Bearish, Down By N32Bn
Nigerian stock market opened trading for November on a negative note with the market capitalisation which previously resumed for the month at N21.938 trillion, ending up losing N32 billion or 0.15 percent on profit-taking. Also, the All-Share Index dropped 61.81 points or 0.15 per cent to close at 41,976.79 from 42,038.60 achieved on Friday. The…
-
In 6 Months Foreign Investors Withdraw N116.72bn
The Nigerian Exchange Limited has said that foreign investors in the equities market withdrew a total of $116.72billion from January to June 2021. According to the NGX Domestic & Foreign Portfolio Investment Report for June 2021, foreign investors invested a total of N105.24billion in the market. This represents a year-on-year drop by 57.44 percent from…
-
Exchange-traded Fund Market Cap Hits N20.32bn
In the first quarter of 2021, the market capitalisation of exchange-traded funds listed on Nigerian Exchange Limited has risen to N20.32billion. According to the NGX quarterly report, it said the trade volumes rose by 3,064 percent from nearly 0.2 million units in Q1 2020 to 5.3 million units recorded in Q1 2021. The Nigerian Exchange…
-
Foreign Stock Investors Withdraw N99.94bn
Foreign investors from the Nigerian stock market pulled out a total of N99.94bn in the first four months of 2021. According to data from the Nigerian Exchange Limited, the foreign portfolio investors injected N78.31bn into the market from January to April. Foreign portfolio investment outflow includes sales transactions or liquidation of portfolio investments through the…
-
Stock Market: Investors Withdraw N339.06bn In 3 Months
Foreign and domestic investors pulled out a total of N339.06bn from the Nigerian stock market in the first three months of the year 2021. According to data from the Nigerian Exchange Limited, the foreign portfolio investors sold Nigerian stocks worth N90.12bn in the first quarter while domestic investors withdrew N248.94bn from the market. The foreign…