…larger trades. Analysts said the market’s renewed strength was supported by improving investor sentiment following the confirmation of Nigeria’s return to the FTSE Russell Frontier Market universe, with investors positioning for increased foreign participation and improved market visibility. With the ASI now up 58.14 p…
…market capitalisation fell to N155.97 trillion, reflecting continued weakness in investor sentiment. Market breadth remained bearish at 0.61x, with 36 stocks recording losses against 22 gainers. The major gainers were Haldane McCall, Veritas Capital Assurance, Tantalizer, R. T. Briscoe and Regal Insurance, while Red St…
…of banking stocks following the sector’s recapitalisation exercise and improved investor sentiment towards the financial sector. Top capitalised consumer goods coys In the consumer goods segment, BUA Foods led with N13.69 trillion in market capitalisation. Presco followed with N2.40 trillion, while Nestle Nigeria recor…
…third quarter, saying it anticipated around 11 million new net subscribers. That cooled investor sentiment, with Spotify shares down 2.6 percent in opening trading on the New York Stock Exchange. Spotify registered 300 million paying subscribers in the quarter, as opposed to people who listen free but with ads — seven…
…net assets 21.00 per cent to N3.170tn, positioning the firm to maintain positive investor sentiment on the exchange.
…concentrated group of heavyweight stocks rather than a genuine broad market recovery in investor sentiment. Trading activity improved meaningfully across all metrics - volume up 11.07%, value up 48.86%, and deals up 26.97% - suggesting that the session attracted genuine participation rather than representing a low-liqu…