…YTD return rises to 58.14% as oil, insurance stocks rally The Nigerian equities market sustained its bullish run on Tuesday, adding N1.22 trillion to investors’ wealth as strong buying interest across key sectors pushed the benchmark index higher.Contents…YTD return rises to 58.14% as oil, insurance stocks rally The N…

…High OMO yields can make fixed-income securities considerably more attractive than equities and other investments, potentially diverting funds away from the Nigerian stock market.For banks and businesses, aggressive liquidity tightening can also make naira funding more expensive.CBN keeps tightening the liquidity tapTh…

…in the Nigerian stock market recorded a cumulative loss of N5.45 trillion as the equities market extended its bearish run to an eighth consecutive session on Thursday. DAILY POST reports that equities listed on the Nigerian Exchange Limited, NGX, have continued to experience significant declines since Tuesday, August 1…

The Nigerian equities market extended its bearish run on Tuesday as renewed sell-offs in banking stocks dragged the benchmark index lower, wiping N544.48 billion from investors’ wealth. The Nigerian Exchange All-Share Index declined by 0.35 per cent to close at 241,611.23 points, moderating its year-to-date return to 5…

…collectively accounting for 74.8 per cent of the total market capitalisation of the equities market. The 24 companies, drawn largely from the banking, consumer goods, industrial goods and energy sectors, have a combined market capitalisation of N117.01 trillion, underscoring the high concentration of value among a rela…

…million shares valued at N18.009 billion in 28,525 deals.Trading in the top three equities by volume—Sovereign Trust Insurance Plc, Access Holdings Plc, and Linkage Assurance Plc—accounted for 1.406 billion shares worth N9.735 billion in 11,732 deals, representing 30.52% of total volume and 7.45% of total value.The NGX…

…recorded in the previous week.NGX ends week lower with 56 stocks declining and only 33 equities posting gains. Photo: AFPImagesPAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!Not all segments of the market moved lower. The NGX Premium Index edged up 0.02%, the NGX Insurance Index rose 1…

…today. “This approach of ensuring close bids is in recognition of the fact that these equities must be operated by credible, competent operators. Not, I repeat, by operators who can bid the highest,” she added. The commercial bid opening marks the final stage of the licensing process before the successful companies are…

…ahead of the AGM. Meanwhile, management has urged the public to tread carefully in the equities market regarding the company’s stock. “The investing public is advised to exercise caution when dealing in the shares of the Company,” the statement concluded.

…and globally competitive marketplace. Meanwhile, Bloomberg reported that Nigerian equities have become the world's best-performing stock market in U.S. dollar terms this year.According to the report, Nigeria's benchmark stock index has returned 67 per cent in dollar terms since the start of the year, narrowly surpassin…

…efficient and globally competitive marketplace," he stated. Meanwhile, Nigerian equities have overtaken South Korea's stock market to become the world's best-performing equity market in dollar terms this year, buoyed by macroeconomic reforms, improved foreign exchange liquidity and renewed investor confidence. Accordin…

…expansion, and Ondo now offers proxy voting on more than $700 million in tokenized equities, with Chainlink price feeds live for its tokenized US stocks on Ethereum. That is a genuinely strong roadmap for real-world-asset tokenization. But none of it changes what Ondo actually is: a governance token tied to Flux Financ…

…visible names. The NGX Lotus II Index at +85.15% - tracking Sharia-compliant equities - rounds out the top performers. Its return, well above the market benchmark, reflects compositional overlap with energy and commodity-adjacent stocks that drove the broader rally. Rounding out the outperformer bracket, the NGX Commod…

…by Nairametrics from multiple capital market sources suggests the recent weakness in the equities market may be driven by three separate but related factors. The first is profit-taking following an extraordinary rally that saw the Nigerian stock market gain more than 60% year-to-date at its peak. After months of strong…

…after a historic rally up about 61% in April and May and a shift of funds from equities to high-yield government bonds. This market rotation, rather than an economic downturn, is driven by investors locking in gains and reallocating assets. Nigerian Treasury Bills are yielding between 16.13% and 17.51%, prompting large…