FUGAZ Investors Lose N42.21 Billion.
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, depreciated by 1.89%; to close at N2.19 trillion as at 29th of July, 2022,…
Bears Maintain Dominance In The Stock Market, NGX Lose N281 Billion.
The Nigerian stock market closed negative amidst buy-interests and sell-offs as bears dominated proceedings; weighing down the broad market by 104 basis point. The All-share Index (ASI) depreciated by 1.04%…
U.S. Retailers Tumble After Walmart Cuts Profit Forecast.
A profit warning by Walmart (WMT.N) ignited a sell-off in shares of major U.S. retailers late, quickly evaporating over $100 billion in stock market value in extended trade. Sounding an…
Stocks Decline As Growth Risks Weaken Confidence; Demand For Bonds, Dollar.
Asian stocks lost ground, retreating from over three-week highs as worries about a global economic downturn sapped investors’ risk appetite. Bond yields eased amid bets that a U.S. recession would…
Telecom Italia Shares, Bonds Drop After Moody’s Credit Rating Cut.
Telecom Italia (TLIT.MI) shares and bonds fell after ratings agency Moody’s downgraded the phone group’s credit rating. Moody’s cut TIM’s rating by one notch to ‘B1’, citing expectations that the…
Russia Central Bank Proposes Banning Small Investors From Buying Foreign Shares.
Russia’s central bank has proposed banning Russians with holdings worth less than $550,000 from buying foreign shares. As a step to protect investors after Western sanctions left them with billions…
Stock Investors Lose N6bn as MPC Hikes Rate To 14%
The decision of the Monetary Policy Committee (MPC) to raise the Monetary Policy Rate (MPR) to 14% from 13% had a negative impact on the stock market on Tuesday. The…
Stock Market Closes Flat, Valuation Up By N12 Billion
The NGX closed on a flat note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 1 basis point. The NGX ASI closed at 51,563.73 points to…
Weekly Stock Update: Nigerian Exchange Group Record Gains, Up 0.24%.
The Nigerian equities market closed bullish during the week as the All-Share index gained; 0.24% in the week ended 2nd July 2022. This is following the 0.14% decline recorded in…
London Stock Exchange Head Of Data Leaves After Year In The Job.
The head of data at the London Stock Exchange Group (LSEG.L) has stepped down after a year in the job; with the closely-watched integration of Refinitiv still underway. Andrea Remyn…
Nigerian Stocks Lose Over N85 Billion In A Day
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 31 basis points. The NGX ASI closed at 51,803.98 points to…
Stock Investors Lose N767bn In One Week
Investors lost N767bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The market was open for four trading days last week as the…
Stocks Squeeze Out Slim Gains, Dollar Climbs As Inflation Soars
European stocks made slim gains on Wednesday, with the dollar strengthening as investors fretted over soaring inflation. And also the hit on global growth from looming interest rate rises. Europe’s…