The Nigerian stock market is experiencing a downturn characterized by a shortage of positive news, volatile FX market, rising inflation rates, and anticipation of another rate hike at the next Monetary Policy Committee (MPC) meeting. Investors are adopting a cautious approach amid expectations of further bearish trends following the fizzling out of first-quarter results momentum. The market […]
The Nigerian stock market on Wednesday bounced back from five sessions of losses as the All Share Index grew by 0.25% to close at 48,675.24 points from the previous close of 48,554.76 points. The Market Capitalisation appreciated by 0.25% to close at N26.254 trillion from the previous close of N26.189 trillion, thereby gaining N65 billion. An[…]
It was yet another bearish session on the floor of the Nigerian Exchange yesterday as the All Share Index declined by 1.11% to close at 51,400.53 points against the previous close of 51,979.92 points on Friday. The market capitalisation also closed at N27.718 trillion, shedding N313 billion from N28.031 trillion recorded in last session. Aggregate volume of[…]