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 Fri, 14 Jun 2024 06:36:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 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 Wole Oshin Custodian Investment Plc, MD/CEO acquires 19.5 million more shares to maintain control  https://nairametrics.com/2024/06/14/wole-oshin-custodian-investment-plc-md-ceo-acquires-19-5-million-more-shares-to-maintain-control/ https://nairametrics.com/2024/06/14/wole-oshin-custodian-investment-plc-md-ceo-acquires-19-5-million-more-shares-to-maintain-control/#respond Fri, 14 Jun 2024 06:36:08 +0000 https://nairametrics.com/?p=491230 The Managing Director of Custodian Investment Plc, Mr. Wole Oshin, has acquired an additional 19,531,250 Custodian Investment shares at an aggregated share price of N10.56.

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]]> https://nairametrics.com/2024/06/14/wole-oshin-custodian-investment-plc-md-ceo-acquires-19-5-million-more-shares-to-maintain-control/feed/ 0 491230 Nigerian Breweries posts N29.9 billion equity gain, as stock market appreciates by 0.2%  https://nairametrics.com/2024/06/13/nigerian-breweries-posts-n29-9-billion-equity-gain-as-stock-market-appreciates-by-0-2/ https://nairametrics.com/2024/06/13/nigerian-breweries-posts-n29-9-billion-equity-gain-as-stock-market-appreciates-by-0-2/#respond Thu, 13 Jun 2024 20:00:15 +0000 https://nairametrics.com/?p=491213 Nigerian Breweries Plc (NB) was the best-performing stock in the NGX today, gaining 10%, marking a N29.9 billion equity gain. The stock closed at N31.90 from an opening price of N29.00.  

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]]> https://nairametrics.com/2024/06/13/nigerian-breweries-posts-n29-9-billion-equity-gain-as-stock-market-appreciates-by-0-2/feed/ 0 491213 TotalEnergies and Presco soar as MTN’s N195 billion loss downs the market  https://nairametrics.com/2024/06/11/totalenergies-and-presco-soar-as-mtns-n195-billion-loss-downs-the-market/ https://nairametrics.com/2024/06/11/totalenergies-and-presco-soar-as-mtns-n195-billion-loss-downs-the-market/#respond Tue, 11 Jun 2024 19:45:22 +0000 https://nairametrics.com/?p=491098 TotalEnergies Marketing and Presco posted massive gains today in the NGX, gaining 9.98% and 9.97% respectively.

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]]> https://nairametrics.com/2024/06/11/totalenergies-and-presco-soar-as-mtns-n195-billion-loss-downs-the-market/feed/ 0 491098 Guinness share price surges on announcement of Tolaram takeover   https://nairametrics.com/2024/06/11/guinness-share-price-surges-on-announcement-of-tolaram-takeover/ https://nairametrics.com/2024/06/11/guinness-share-price-surges-on-announcement-of-tolaram-takeover/#respond Tue, 11 Jun 2024 11:50:03 +0000 https://nairametrics.com/?p=491072 Guinness Nigeria’s share price has gained over 8%, trading at N55.60 as of mid-day on June 11, 2024. The gain is coming on the heels of an announced takeover of Guinness Nigeria by Tolaram. 

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]]> https://nairametrics.com/2024/06/11/guinness-share-price-surges-on-announcement-of-tolaram-takeover/feed/ 0 491072 Fidelity Bank records single-day turnover volume of over 600 million shares https://nairametrics.com/2024/06/11/fidelity-bank-records-single-day-turnover-volume-of-over-600-million-shares/ https://nairametrics.com/2024/06/11/fidelity-bank-records-single-day-turnover-volume-of-over-600-million-shares/#respond Tue, 11 Jun 2024 06:12:00 +0000 https://nairametrics.com/?p=491032 Fidelity Bank was by far the most traded stock in the NGX today, with a turnover volume of about 605.257 million shares, even as the stock gained 6.52% to close at N9.80.

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]]> https://nairametrics.com/2024/06/11/fidelity-bank-records-single-day-turnover-volume-of-over-600-million-shares/feed/ 0 491032 Foreign Investors flock to Saudi Aramco’s $11.2 billion stock sale  https://nairametrics.com/2024/06/09/foreign-investors-flock-to-saudi-aramcos-11-2-billion-stock-sale/ https://nairametrics.com/2024/06/09/foreign-investors-flock-to-saudi-aramcos-11-2-billion-stock-sale/#respond Sun, 09 Jun 2024 10:14:40 +0000 https://nairametrics.com/?p=490910 Foreign investors are set to receive approximately 60% of the shares on offer in Saudi Aramco’s recent $11.2 billion stock sale.

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]]> https://nairametrics.com/2024/06/09/foreign-investors-flock-to-saudi-aramcos-11-2-billion-stock-sale/feed/ 0 490910 Stocks end first week in June in losses, but these stocks gained over 20%  https://nairametrics.com/2024/06/09/stocks-end-first-week-in-june-in-losses-but-these-stocks-gained-over-20/ https://nairametrics.com/2024/06/09/stocks-end-first-week-in-june-in-losses-but-these-stocks-gained-over-20/#respond Sun, 09 Jun 2024 08:50:45 +0000 https://nairametrics.com/?p=490915 The first week of June concluded with a broadly bearish sentiment on the Nigerian Exchange (NGX), as the overall market witnessed declines.

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]]> https://nairametrics.com/2024/06/09/stocks-end-first-week-in-june-in-losses-but-these-stocks-gained-over-20/feed/ 0 490915 NVIDIA: What you need to know about the company that’s 12x the size of Nigeria’s economy https://nairametrics.com/2024/06/06/nvidia-what-you-need-to-know-about-the-company-thats-12x-the-size-of-nigerias-economy/ https://nairametrics.com/2024/06/06/nvidia-what-you-need-to-know-about-the-company-thats-12x-the-size-of-nigerias-economy/#comments Thu, 06 Jun 2024 17:39:46 +0000 https://nairametrics.com/?p=490775 During trading hours on June 5, 2024, processor maker, Nvidia, surpassed the $3 trillion valuation mark, and became the second most valuable public company in the world, ahead of Apple Inc

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]]> https://nairametrics.com/2024/06/06/nvidia-what-you-need-to-know-about-the-company-thats-12x-the-size-of-nigerias-economy/feed/ 1 490775 Oando resumes trading on the Johannesburg Stock Exchange   https://nairametrics.com/2024/06/05/oando-resumes-trading-on-the-johannesburg-stock-exchange/ https://nairametrics.com/2024/06/05/oando-resumes-trading-on-the-johannesburg-stock-exchange/#respond Wed, 05 Jun 2024 14:11:18 +0000 https://nairametrics.com/?p=490676 Oando Plc has announced the resumption of its stock on the Johannesburg Stock Exchange, less than 3 months after the equity was suspended from listing on the JSE.  

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]]> https://nairametrics.com/2024/06/05/oando-resumes-trading-on-the-johannesburg-stock-exchange/feed/ 0 490676 Market loses N32 billion as investors offload stocks https://nairametrics.com/2024/06/04/market-loses-n32-billion-as-investors-offload-unity-bank-stocks/ https://nairametrics.com/2024/06/04/market-loses-n32-billion-as-investors-offload-unity-bank-stocks/#respond Tue, 04 Jun 2024 17:15:21 +0000 https://nairametrics.com/?p=490608 The Nigerian Exchange (NGX) continued its bearish run this week, declining by a marginal 0.07% to close with an All-Share Index of 99,051.02 points, down from yesterday’s 99,118.86 points.

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]]> https://nairametrics.com/2024/06/04/market-loses-n32-billion-as-investors-offload-unity-bank-stocks/feed/ 0 490608 NGX reacts bearishly to strike action, as market declines by 0.13%   https://nairametrics.com/2024/06/03/ngx-reacts-bearishly-to-strike-action-as-market-declines-by-0-13/ https://nairametrics.com/2024/06/03/ngx-reacts-bearishly-to-strike-action-as-market-declines-by-0-13/#respond Mon, 03 Jun 2024 17:19:09 +0000 https://nairametrics.com/?p=490545 The Nigerian Exchange started June on a bearish tone, as investors’ sentiments were quite cautionary considering the nationwide strike.

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]]> https://nairametrics.com/2024/06/03/ngx-reacts-bearishly-to-strike-action-as-market-declines-by-0-13/feed/ 0 490545 Paint maker, CAP Plc leads as best performing stock in May 2024   https://nairametrics.com/2024/06/03/paint-maker-cap-plc-leads-as-best-performing-stock-in-may-2024/ https://nairametrics.com/2024/06/03/paint-maker-cap-plc-leads-as-best-performing-stock-in-may-2024/#respond Mon, 03 Jun 2024 05:42:53 +0000 https://nairametrics.com/?p=490482 After posting a 6.1% loss in April 2024, the NGX bounced back marginally in May, posting a 1.09% gain, as the All-Share Index closed at 99,300.38 points.  

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]]> https://nairametrics.com/2024/06/03/paint-maker-cap-plc-leads-as-best-performing-stock-in-may-2024/feed/ 0 490482 Nigerian Stocks close May with 1% gain after weeks of losses https://nairametrics.com/2024/06/01/nigerian-stocks-close-may-with-1-gain-after-weeks-of-losses/ https://nairametrics.com/2024/06/01/nigerian-stocks-close-may-with-1-gain-after-weeks-of-losses/#respond Sat, 01 Jun 2024 10:37:29 +0000 https://nairametrics.com/?p=490414 Nigerian stocks ended the month of May with a surprise gain after the NGX All-Share Index (ASI) staged consecutive gains this week, closing at 99,300.38 points.

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]]> https://nairametrics.com/2024/06/01/nigerian-stocks-close-may-with-1-gain-after-weeks-of-losses/feed/ 0 490414 Aig-Imoukhuede’s Family Office, Tengen Holdings, purchases N1.01 billion worth of Access Holdings shares   https://nairametrics.com/2024/05/31/aig-imoukhuede-company-tengen-holdings-purchases-n1-01-billion-worth-of-access-holdings-shares/ https://nairametrics.com/2024/05/31/aig-imoukhuede-company-tengen-holdings-purchases-n1-01-billion-worth-of-access-holdings-shares/#respond Fri, 31 May 2024 19:31:15 +0000 https://nairametrics.com/?p=490395 Since May 28, 2024, the Mauritian-incorporated company, Tengen Holdings (Mauritius) Limited, has acquired approximately 59.403 million shares of Access Holdings, valued at roughly N1.012 billion.  

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]]> https://nairametrics.com/2024/05/31/aig-imoukhuede-company-tengen-holdings-purchases-n1-01-billion-worth-of-access-holdings-shares/feed/ 0 490395 Sterling Financial Holdco to seek shareholders’ approval for N200 billion capital raise https://nairametrics.com/2024/05/30/sterling-financial-holdco-to-seek-shareholders-approval-for-n200-billion-capital-raise/ https://nairametrics.com/2024/05/30/sterling-financial-holdco-to-seek-shareholders-approval-for-n200-billion-capital-raise/#respond Thu, 30 May 2024 12:40:04 +0000 https://nairametrics.com/?p=490269 The capital increase may be executed via rights issues, private placements, public offerings, or other transaction methods.

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]]> https://nairametrics.com/2024/05/30/sterling-financial-holdco-to-seek-shareholders-approval-for-n200-billion-capital-raise/feed/ 0 490269 Dangote companies post N59 billion equity gain as NGX continues bullish run   https://nairametrics.com/2024/05/29/dangote-companies-post-n59-billion-equity-gain-as-ngx-continues-bullish-run/ https://nairametrics.com/2024/05/29/dangote-companies-post-n59-billion-equity-gain-as-ngx-continues-bullish-run/#respond Wed, 29 May 2024 16:20:43 +0000 https://nairametrics.com/?p=490213 Two members of Dangote Group, Dangote Sugar Refinery and National Salt Company posted cumulative equity gains of N59.33 billion, as the Nigerian Exchange continued its bullish run, gaining 0.44% during the day.  

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]]> https://nairametrics.com/2024/05/29/dangote-companies-post-n59-billion-equity-gain-as-ngx-continues-bullish-run/feed/ 0 490213 Dangote refinery plans dual listing on both the NGX and the London Stock Exchange  https://nairametrics.com/2024/05/29/dangote-refinery-plans-dual-listing-on-both-the-ngx-and-the-london-stock-exchange/ https://nairametrics.com/2024/05/29/dangote-refinery-plans-dual-listing-on-both-the-ngx-and-the-london-stock-exchange/#comments Wed, 29 May 2024 05:26:40 +0000 https://nairametrics.com/?p=490141 Nigeria's Dangote refinery is planning a dual listing on the London and Nigerian stock exchanges, a senior executive announced on Tuesday.  

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]]> https://nairametrics.com/2024/05/29/dangote-refinery-plans-dual-listing-on-both-the-ngx-and-the-london-stock-exchange/feed/ 2 490141 Stockbrokers say amendment subjecting CBN budget to NASS approval could introduce politics into monetary policy decisions https://nairametrics.com/2024/05/28/stockbrokers-say-amendment-subjecting-cbn-budget-to-nass-approval-could-introduce-politics-into-monetary-policy-decisions/ https://nairametrics.com/2024/05/28/stockbrokers-say-amendment-subjecting-cbn-budget-to-nass-approval-could-introduce-politics-into-monetary-policy-decisions/#respond Tue, 28 May 2024 15:51:56 +0000 https://nairametrics.com/?p=490107 The Chartered Institute of Stockbrokers (CIS) and Association of Securities Dealing Houses of Nigeria (ASHON) have expressed concern over the proposed amendment of the Central Bank of Nigeria (CBN) Act No. 7 of 2007 seeking to subject the annual budget of the CBN to approval from the National Assembly

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]]> https://nairametrics.com/2024/05/28/stockbrokers-say-amendment-subjecting-cbn-budget-to-nass-approval-could-introduce-politics-into-monetary-policy-decisions/feed/ 0 490107 Ten stocks with best dividend payouts in Nigeria for FY 2023   https://nairametrics.com/2024/05/28/ten-stocks-with-best-dividend-payouts-in-nigeria-for-fy-2023/ https://nairametrics.com/2024/05/28/ten-stocks-with-best-dividend-payouts-in-nigeria-for-fy-2023/#comments Tue, 28 May 2024 08:49:52 +0000 https://nairametrics.com/?p=489407 Companies listed on the Nigerian Exchange (NGX) have declared total dividend payouts exceeding N1.5 trillion for the fiscal year 2023.

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]]> https://nairametrics.com/2024/05/28/ten-stocks-with-best-dividend-payouts-in-nigeria-for-fy-2023/feed/ 1 489407 NGX delists Arbico Plc’s shares from daily official list  https://nairametrics.com/2024/05/25/ngx-delists-arbico-plcs-shares-from-daily-official-list/ https://nairametrics.com/2024/05/25/ngx-delists-arbico-plcs-shares-from-daily-official-list/#respond Sat, 25 May 2024 09:45:12 +0000 https://nairametrics.com/?p=489898 The Nigerian Exchange Limited (NGX) has delisted the Shares of Arbico Plc from its Daily Official List of NGX.

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]]> https://nairametrics.com/2024/05/25/ngx-delists-arbico-plcs-shares-from-daily-official-list/feed/ 0 489898