Stock Market Archives - Nairametrics https://nairametrics.com/category/market-news/equities/nigerian-stock-exchange-market/ Destination for Business news and analysis from Africa's largest economy Sat, 17 Aug 2024 10:27:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Stock Market Archives - Nairametrics https://nairametrics.com/category/market-news/equities/nigerian-stock-exchange-market/ 32 32 201037849 Nigeria’s NGX Index drops 1.51% as investors react to results and Inflation data https://nairametrics.com/2024/08/17/nigerias-ngx-index-drops-1-51-as-investors-react-to-results-and-inflation-data/ https://nairametrics.com/2024/08/17/nigerias-ngx-index-drops-1-51-as-investors-react-to-results-and-inflation-data/#respond Sat, 17 Aug 2024 10:27:18 +0000 https://nairametrics.com/?p=495985 The Nigerian Stock Market (NGX) All-Share Index and market capitalization fell by 1.51% this week, closing at 97,100.31 points and N55.132 trillion, respectively, as investors weighed mixed corporate earnings, dividend announcements, and a slight dip in inflation.

The post Nigeria’s NGX Index drops 1.51% as investors react to results and Inflation data appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/17/nigerias-ngx-index-drops-1-51-as-investors-react-to-results-and-inflation-data/feed/ 0 495985 BREAKING: Seplat shares prices crosses N4,000 for the first time ever https://nairametrics.com/2024/08/15/breaking-seplat-shares-prices-crosses-n4000-for-the-first-time-ever/ https://nairametrics.com/2024/08/15/breaking-seplat-shares-prices-crosses-n4000-for-the-first-time-ever/#respond Thu, 15 Aug 2024 09:40:07 +0000 https://nairametrics.com/?p=495845 Seplat Nigeria Plc has crossed the N4,000 share price for the first time ever, marking a 9% gain in early trading on Thursday.

The post BREAKING: Seplat shares prices crosses N4,000 for the first time ever appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/15/breaking-seplat-shares-prices-crosses-n4000-for-the-first-time-ever/feed/ 0 495845 Airtel buys back 406,000 more of its own shares as second-quarter pre-tax profit soars by 133.6%  https://nairametrics.com/2024/08/08/airtel-buys-back-406000-more-of-its-own-shares-as-second-quarter-pre-tax-profit-soars-by-133-6/ https://nairametrics.com/2024/08/08/airtel-buys-back-406000-more-of-its-own-shares-as-second-quarter-pre-tax-profit-soars-by-133-6/#respond Thu, 08 Aug 2024 10:02:14 +0000 https://nairametrics.com/?p=495457 On August 7, 2024, Airtel Africa announced the purchase of more of its shares from Citigroup Global Markets as part of its share buyback program. 

The post Airtel buys back 406,000 more of its own shares as second-quarter pre-tax profit soars by 133.6%  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/08/airtel-buys-back-406000-more-of-its-own-shares-as-second-quarter-pre-tax-profit-soars-by-133-6/feed/ 0 495457 Foreign inflow into the NGX rises to $161.4 million in first half of 2024 https://nairametrics.com/2024/08/06/foreign-inflow-into-the-ngx-rises-to-161-4-million-in-first-half-of-2024/ https://nairametrics.com/2024/08/06/foreign-inflow-into-the-ngx-rises-to-161-4-million-in-first-half-of-2024/#respond Tue, 06 Aug 2024 12:50:57 +0000 https://nairametrics.com/?p=495325 Foreign portfolio inflow into the Nigerian Exchange (NGX) in the first half of 2024 was about $161.4 million, representing a 14% year-on-year growth from $141.8 million as at the first half of 2023.  

The post Foreign inflow into the NGX rises to $161.4 million in first half of 2024 appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/06/foreign-inflow-into-the-ngx-rises-to-161-4-million-in-first-half-of-2024/feed/ 0 495325 MTN Nigeria falls to lowest price in 3 years as NGX suffers, joins global stock market crash https://nairametrics.com/2024/08/05/mtn-nigeria-falls-to-lowest-price-in-3-years-as-ngx-suffers-joins-global-stock-market-crash/ https://nairametrics.com/2024/08/05/mtn-nigeria-falls-to-lowest-price-in-3-years-as-ngx-suffers-joins-global-stock-market-crash/#respond Mon, 05 Aug 2024 12:15:19 +0000 https://nairametrics.com/?p=495237 A global stock market crash which started on Friday is gradually spreading to the NGX as midday trading data shows a decline in the market, with MTN Nigeria being the major victim.  

The post MTN Nigeria falls to lowest price in 3 years as NGX suffers, joins global stock market crash appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/05/mtn-nigeria-falls-to-lowest-price-in-3-years-as-ngx-suffers-joins-global-stock-market-crash/feed/ 0 495237 MTN Nigeria buys out minority shareholder in MoMo PSB for N6.95 billion   https://nairametrics.com/2024/08/05/mtn-nigeria-buys-out-minority-shareholder-in-momo-psb-for-n6-95-billion/ https://nairametrics.com/2024/08/05/mtn-nigeria-buys-out-minority-shareholder-in-momo-psb-for-n6-95-billion/#respond Mon, 05 Aug 2024 11:38:10 +0000 https://nairametrics.com/?p=495230 MTN Nigeria has bought out the minority shareholder in MoMo Payment Service Bank (MoMo PSB) for N6.95 billion.  

The post MTN Nigeria buys out minority shareholder in MoMo PSB for N6.95 billion   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/05/mtn-nigeria-buys-out-minority-shareholder-in-momo-psb-for-n6-95-billion/feed/ 0 495230 Global market sell-offs threaten Nigerian Bank recapitalization plans https://nairametrics.com/2024/08/05/global-market-sell-offs-threaten-nigerian-bank-recapitalization-plans/ https://nairametrics.com/2024/08/05/global-market-sell-offs-threaten-nigerian-bank-recapitalization-plans/#respond Mon, 05 Aug 2024 09:25:28 +0000 https://nairametrics.com/?p=495211 The global stock market rout is likely to affect the bank recapitalization efforts of Nigerian banks, according to findings from Nairametrics Research.

The post Global market sell-offs threaten Nigerian Bank recapitalization plans appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/05/global-market-sell-offs-threaten-nigerian-bank-recapitalization-plans/feed/ 0 495211 Warren Buffett’s Berkshire Hathaway cash pile of $276.9 Billion exceeds Nigeria’s External Reserve by 7x https://nairametrics.com/2024/08/04/warren-buffetts-berkshire-hathaway-cash-pile-of-276-9-billion-exceeds-nigerias-external-reserve-by-7x/ https://nairametrics.com/2024/08/04/warren-buffetts-berkshire-hathaway-cash-pile-of-276-9-billion-exceeds-nigerias-external-reserve-by-7x/#respond Sun, 04 Aug 2024 06:05:30 +0000 https://nairametrics.com/?p=495155 The cash pile of Berkshire Hathaway, founded by renowned billionaire investor Warren Buffett, soared to an astonishing $276.9 billion following a surprise sale of nearly half the company's stake in Apple Inc.

The post Warren Buffett’s Berkshire Hathaway cash pile of $276.9 Billion exceeds Nigeria’s External Reserve by 7x appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/04/warren-buffetts-berkshire-hathaway-cash-pile-of-276-9-billion-exceeds-nigerias-external-reserve-by-7x/feed/ 0 495155 Best performing stocks in Nigeria for July 2024 https://nairametrics.com/2024/08/02/best-performing-stocks-in-nigeria-for-july-2024/ https://nairametrics.com/2024/08/02/best-performing-stocks-in-nigeria-for-july-2024/#respond Fri, 02 Aug 2024 09:47:50 +0000 https://nairametrics.com/?p=495070 In July, the NGX posted a 2.28% decline as the All-Share Index moved from 100,057.49 at the start of the month to end the month at 97,774.22.  

The post Best performing stocks in Nigeria for July 2024 appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/02/best-performing-stocks-in-nigeria-for-july-2024/feed/ 0 495070 Nigerian hunger protest: Bank sector index unaffected as other sectors close in red  https://nairametrics.com/2024/08/02/nigerian-hunger-protest-bank-sector-index-unaffected-as-other-sectors-close-in-red/ https://nairametrics.com/2024/08/02/nigerian-hunger-protest-bank-sector-index-unaffected-as-other-sectors-close-in-red/#respond Fri, 02 Aug 2024 08:48:24 +0000 https://nairametrics.com/?p=495063 The Nigerian banking sector was unaffected by losses induced by hunger protests, which rocked some parts of the country on the trading day that commenced on August 1, 2023. 

The post Nigerian hunger protest: Bank sector index unaffected as other sectors close in red  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/02/nigerian-hunger-protest-bank-sector-index-unaffected-as-other-sectors-close-in-red/feed/ 0 495063 #EndBadGovernance protests: Bankers work from home, as NGX operations unaffected    https://nairametrics.com/2024/08/01/endbadgovernance-protests-bankers-work-from-home-as-ngx-operations-unaffected/ https://nairametrics.com/2024/08/01/endbadgovernance-protests-bankers-work-from-home-as-ngx-operations-unaffected/#respond Thu, 01 Aug 2024 17:58:32 +0000 https://nairametrics.com/?p=495023 In response to the ongoing #EndBadGovernance protests, some banks in Nigeria have implemented remote work policies for their employees.  

The post #EndBadGovernance protests: Bankers work from home, as NGX operations unaffected    appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/01/endbadgovernance-protests-bankers-work-from-home-as-ngx-operations-unaffected/feed/ 0 495023 Fidelity Bank’s public offer and rights issue extended by N78.35 billion to August 12  https://nairametrics.com/2024/08/01/fidelity-banks-public-offer-and-rights-issue-extended-by-n78-35-billion-to-august-12/ https://nairametrics.com/2024/08/01/fidelity-banks-public-offer-and-rights-issue-extended-by-n78-35-billion-to-august-12/#respond Thu, 01 Aug 2024 11:49:36 +0000 https://nairametrics.com/?p=494955 Fidelity Bank has extended the period of its public offer and rights issue to August 12. 

The post Fidelity Bank’s public offer and rights issue extended by N78.35 billion to August 12  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/01/fidelity-banks-public-offer-and-rights-issue-extended-by-n78-35-billion-to-august-12/feed/ 0 494955 Dangote Cement’s sheds N1.12 trillion in market value drags stocks to its second-worst trading day of the year https://nairametrics.com/2024/07/26/dangote-cements-sheds-n1-12-trillion-in-market-value-drags-stocks-to-its-second-worst-trading-day-of-the-year/ https://nairametrics.com/2024/07/26/dangote-cements-sheds-n1-12-trillion-in-market-value-drags-stocks-to-its-second-worst-trading-day-of-the-year/#respond Fri, 26 Jul 2024 14:54:12 +0000 https://nairametrics.com/?p=494513 Dangote Cement Plc, the most capitalized stock on the Nigerian Exchange (NGX), recorded a 9.99% decline on the NGX today, resulting in a N1.12 trillion loss in its market value.  

The post Dangote Cement’s sheds N1.12 trillion in market value drags stocks to its second-worst trading day of the year appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/26/dangote-cements-sheds-n1-12-trillion-in-market-value-drags-stocks-to-its-second-worst-trading-day-of-the-year/feed/ 0 494513 Stockbrokers report “high investor interest” in ongoing banks’ rights issues and public offers https://nairametrics.com/2024/07/22/stockbrokers-report-high-investor-interest-in-ongoing-banks-rights-issues-and-public-offers/ https://nairametrics.com/2024/07/22/stockbrokers-report-high-investor-interest-in-ongoing-banks-rights-issues-and-public-offers/#respond Mon, 22 Jul 2024 10:27:34 +0000 https://nairametrics.com/?p=494083 Nigerian banks are currently intensifying efforts to bolster their capital reserves in response to the Central Bank of Nigeria’s recent announcement on new minimum capital requirements.

The post Stockbrokers report “high investor interest” in ongoing banks’ rights issues and public offers appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/22/stockbrokers-report-high-investor-interest-in-ongoing-banks-rights-issues-and-public-offers/feed/ 0 494083 Access Holdings: Success in acquisition, struggle with shareholder value   https://nairametrics.com/2024/07/21/access-holdings-success-in-acquisition-struggle-with-shareholder-value/ https://nairametrics.com/2024/07/21/access-holdings-success-in-acquisition-struggle-with-shareholder-value/#respond Sun, 21 Jul 2024 12:08:01 +0000 https://nairametrics.com/?p=493994 Access Holdings has since blown past competing with Nigerian banks and has now set its sights on the continent. This time, they want to be among the top 5 banks in Africa (the bank was not clear by what measure).  

The post Access Holdings: Success in acquisition, struggle with shareholder value   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/21/access-holdings-success-in-acquisition-struggle-with-shareholder-value/feed/ 0 493994 United Capital tops the week’s gainers with 42.78%, as investors position for interim dividends   https://nairametrics.com/2024/07/21/united-capital-tops-the-weeks-gainers-with-42-78-as-investors-position-for-interim-dividends/ https://nairametrics.com/2024/07/21/united-capital-tops-the-weeks-gainers-with-42-78-as-investors-position-for-interim-dividends/#respond Sun, 21 Jul 2024 07:44:07 +0000 https://nairametrics.com/?p=493979 United Capital Plc was the top gainer in the NGX for the week ending July 19, 2024, with its share price appreciating by 42.78% to close the week at N40.55.  

The post United Capital tops the week’s gainers with 42.78%, as investors position for interim dividends   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/21/united-capital-tops-the-weeks-gainers-with-42-78-as-investors-position-for-interim-dividends/feed/ 0 493979 MTN’s N81.9 billion gain drives marginal uptick on week’s slowest trading day   https://nairametrics.com/2024/07/20/mtns-n81-9-billion-gain-drives-marginal-uptick-on-weeks-slowest-trading-day/ https://nairametrics.com/2024/07/20/mtns-n81-9-billion-gain-drives-marginal-uptick-on-weeks-slowest-trading-day/#respond Sat, 20 Jul 2024 08:39:40 +0000 https://nairametrics.com/?p=493917 MTN Nigeria recorded a 1.99% gain, representing an equity gain of N81.9 billion on the final trading day of the week.  

The post MTN’s N81.9 billion gain drives marginal uptick on week’s slowest trading day   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/20/mtns-n81-9-billion-gain-drives-marginal-uptick-on-weeks-slowest-trading-day/feed/ 0 493917 FX spot market drops by 41.17% to $6.72 billion turnover in June – FMDQ report https://nairametrics.com/2024/07/19/fx-spot-market-drops-by-41-17-to-6-72-billion-turnover-in-june-fmdq-report/ https://nairametrics.com/2024/07/19/fx-spot-market-drops-by-41-17-to-6-72-billion-turnover-in-june-fmdq-report/#respond Fri, 19 Jul 2024 09:23:35 +0000 https://nairametrics.com/?p=493821 Spot FX market turnover was $6.72 billion (N10.01 trillion) in June 2024, representing a 41.17% ($4.70 billion) a Month-on-month (MoM) decrease from the turnover recorded in May 2024 ($11.42 billion)

The post FX spot market drops by 41.17% to $6.72 billion turnover in June – FMDQ report appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/19/fx-spot-market-drops-by-41-17-to-6-72-billion-turnover-in-june-fmdq-report/feed/ 0 493821 Airtel’s N376 billion gain offsets bank stock losses, as NGX hits 3-month high   https://nairametrics.com/2024/07/19/airtels-n376-billion-gain-offsets-bank-stock-losses-as-ngx-hits-3-month-high/ https://nairametrics.com/2024/07/19/airtels-n376-billion-gain-offsets-bank-stock-losses-as-ngx-hits-3-month-high/#respond Fri, 19 Jul 2024 05:23:13 +0000 https://nairametrics.com/?p=493805 Airtel Africa Plc posted a 4.76% gain, representing a N376 billion equity gain to boost the NGX to a 0.47% gain today.  

The post Airtel’s N376 billion gain offsets bank stock losses, as NGX hits 3-month high   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/19/airtels-n376-billion-gain-offsets-bank-stock-losses-as-ngx-hits-3-month-high/feed/ 0 493805 Bank stocks fall in early trading as investors digest 50% windfall tax   https://nairametrics.com/2024/07/18/breaking-bank-stocks-fall-in-early-trading-as-investors-digest-50-windfall-tax/ https://nairametrics.com/2024/07/18/breaking-bank-stocks-fall-in-early-trading-as-investors-digest-50-windfall-tax/#respond Thu, 18 Jul 2024 12:53:59 +0000 https://nairametrics.com/?p=493750 Early trading data in the Nigerian Exchange has shown a pattern of decline across bank stocks, as investors react to the proposed 50% tax on FX gains.  

The post Bank stocks fall in early trading as investors digest 50% windfall tax   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/18/breaking-bank-stocks-fall-in-early-trading-as-investors-digest-50-windfall-tax/feed/ 0 493750