…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…

…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…

…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.

…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…