Weekly Market Closure

The Nigerian equities market last week closed on a bearish note on the backdrop of selloff in Dangote Cement, MTN Nigeria and 52 other stocks that closed the week lower. The All-Share Index was down by 2.51% to close at 141,004.14 points from 144,628.20 points recorded the previous week. Investors lost N2.29trn as market capitalization declined by 2.51% […]

It looks like the Nigerian stock market had a bullish week, with notable gains in key stocks like UPDC, PRESCO, and MTN Nigeria, driving the All Share Index up by 1.38%. Here are some key takeaways: Market Highlights: Top Gainers: Top Losers: The strong market performance was driven by increased investor confidence, particularly in UPDC and PRESCO.[…]

EQUITY A total turnover of 3.893 billion shares worth N87.749 billion in 43,868 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.194 billion shares valued at N54.850 billion that exchanged hands last week in 45,112 deals.   The Financial Services Industry (measured by volume) led the[…]