Tag: #MarketWatch
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FUEL CRISIS BITES: OVER 400 GAS STATIONS SHUT DOWN IN PHILIPPINES
Soaring fuel prices are forcing hundreds of gas stations to close, raising fears of shortages and market manipulation. The Philippine National Police says more than 400 gas stations across the country have shut down operations as fuel prices continue to surge. PNP spokesperson Randulf Tuano revealed that closures have jumped sharply from 273 on March…
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NGX RALLIES: INVESTORS POCKET N1.77TRN IN SHORT TRADING WEEK
Despite fewer trading days, the stock market surged — delivering big gains and renewed investor confidence. Nigeria’s stock market wrapped up the week on a strong note, with the Nigerian Exchange Ltd. (NGX) posting a 1.39% rise in both the All-Share Index and market capitalisation. The benchmark index climbed to 201,156.86 points, while total market…
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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 SLIPS AS MARKET CAP FALLS BY N1.17 TRILLION
The equities market kicked off the week on a downbeat note, with market capitalisation dropping by N1.173 trillion, or 1.26%, on Monday. Profit-taking in major stocks like Dangote Cement, Enamelware, Transcorp Power, AIICO Insurance, and Guinea Insurance weighed heavily on the market. Market cap closed at N92.328 trillion, down from its opening value of N93.501…
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NIGERIAN STOCK MARKET CLOSES WEEK STRONG, ADDS ₦733 BILLION TO INVESTORS’ PORTFOLIOS
Friday’s trading saw the Nigerian Exchange Limited (NGX) market cap grow from ₦98.059 trillion to ₦98.792 trillion, boosting the All-Share Index (ASI) by 0.75% to 155,645.05 points. This positive momentum was driven by strong investor demand in key stocks including Aso Savings, Ikeja Hotel, Regency Alliance Insurance, Caverton Offshore, and Aradel Holdings. Market breadth was…
