Investors Lose N28.05bn WoW as NGXASI Dips by -0.12% to Close the Week Negative
The NGX ASI closed the week in red by 0.12% as it closed negative in 4 of the 5 trading sessions during the week as a result of sell pressures in bellwether stocks such as TOTAL (-9.97%) and NGXGROUP (-11.88%).... Read More →
Investors Gain N646.34bn WoW as NGX ASI Inches up by 2.95% to Close the Week Positive
Local Economic Updates Last week, the Federal Ministry of Agriculture and Rural Development disclosed the unfavourable balance of Wheat importation into Nigeria as the value of Wheat importation exceeds local production by about 1042%. On the back of the above,... Read More →
The NGX ASI closed the week negative with a 0.06% decline, market capitalization also decreased by 0.05% to close at N21.93 trillion.
Local Economic Updates Last week, Airtel Africa and MTN received approval in principle to operate mobile money services (Smartcash and Momo Payment Service Bank Ltd respectively) in Nigeria, marking the first step towards obtaining final licenses from the nation’s Central... Read More →
Investors Gain N328.98bn WoW, NSEASI Inches up by 1.39%, to Close the Week in Green.
The NGX ASI closed the week in green by 1.39% as it closed positive in 4 of the 5 trading sessions during the week as a result of buy pressures in bellwether stocks such as FBNH (+29.59%) and ETI (+9.52).... Read More →