Tag: #InvestorSentiment
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NIGERIA STOCK MARKET BOUNCES BACK AFTER SIX-DAY SLUMP WITH N94 BILLION GAINS
The Nigerian stock market showed signs of recovery on Tuesday, climbing by 0.10% and adding N94 billion to investors’ wealth after six consecutive bearish sessions. Driven by renewed interest in stocks including NCR Nigeria , Ikeja Hotel, Prestige Assurance, and Eunisell Interlinked, the market’s capitalization rose from N91.346 trillion to N91.440 trillion. The All-Share Index…
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NIGERIAN STOCK MARKET RECORDS 4TH CONSECUTIVE LOSS, INVESTORS LOSE N348 BILLION
The Nigerian equities market slumped for the fourth straight session on Thursday, resulting in a staggering loss of N348 billion for investors. Key stock selloffs including Legend Internet, Champion Breweries, and Tantalizer triggered a 0.36% dip in market capitalisation, which closed at N95.316 trillion compared to an opening of N95.664 trillion. The All-Share Index similarly…
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NIGERIAN STOCK MARKET LOSES N612 BILLION AMID SELL-OFF, BEARISH TREND CONTINUES
The Nigerian stock market continued its bearish streak on Tuesday, shedding N612 billion in market value. Triggered by sustained sell-offs in stocks like National Salt Company, Skyway Aviation Handling, Oando, UPDC, and Learn Africa, the Nigerian Exchange Limited (NGX) market capitalisation dropped from N97.582 trillion to N96.970 trillion. The All-Share Index fell by 1,109.50 points…
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EQUITIES MARKET TAKES A BREATHER AFTER 12-WEEK WINNING STREAK
After 12 straight sessions of gains, Nigeria’s stock market recorded its first loss on Tuesday, with market capitalization slipping by ₦4 billion to close at ₦93.756 trillion. The All-Share Index dipped slightly by 6.27 points, driven by selloffs in stocks like Austin Laz, Deap Capital, Fidson, and Berger Paints. Market breadth showed 36 losers versus…
