NGX reverses trend as index dips by 0.2 per cent

The Nigerian Exchange Limited reversed gains, to close on a downward note yesterday, as the index declined by 0.2 per cent, amid a selloff in Guinness and 22 stocks.The Nigerian Exchange Limited reversed gains, to close on a downward note yesterday, as the index declined by 0.2 per cent, amid a selloff in Guinness and 22 stocks.

On what will shape the market in the next trading session, analysts at Vetiva Dealings and Brokerage said: “We do not foresee any catalysts on the horizon that would shift the prevailing market sentiment; however, we cannot rule out pockets of demand in names that have depreciated in recent session.”

On the other side, The Initiates Plc led others on the losers’ chart with 10 per cent to close at N1.80 kobo. Multiverse Mining & Exploration followed with a decline of 9.82 per cent to close at N12.40 kobo, while Cornerstone Insurance dipped by 9.52 per cent to close at N1.90 kobo. The Nigerian Exchange Limited reversed gains, to close on a downward note yesterday, as the index declined by 0.2 per cent, amid a selloff in Guinness and 22 stocks.Of the $15 billion startup investment flow to Africa since 2019, Nigeria got received close to 30 per cent, which amounted to $4.4 billion.

The Nigerian Maritime Administration and Safety Agency has launched the reviewed minimum wage document for Nigerian Seafarers, developed in line with the provisions of the Maritime Labour Convention 2006.

NGX

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Long trail of exiting companies threatens Nigerian Exchange’s drive to grow listingsMTN Nigeria’s public shares sale, held in December 2021, remains the only IPO to be recorded by the NGX in the past five years.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Nigeria accuses Binance of blackmail over bribery allegationThe Nigerian government has denied the bribery allegations made by cryptocurrency exchange Binance.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Binance lists conditions for settlement negotiations with NigeriaWorld’s largest cryptocurrency exchange, Binance has listed conditions for settlement negotiations with the Nigerian government
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Index dips further by 0.5 per cent amid sell pressure in 19 stocksFollowing sell pressure in 19 stocks, the Nigerian Exchange Limited (NGX ) sustained a sliding profile yesterday, as the All-share index plummeted
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Index dips by 0.005 per cent amid profit taking by investorsTransaction on the Nigerian Exchange Limited (NGX) closed on a downturn yesterday, occasioned by profit-taking activities in 19 stocks, as the All-Share Index declined by 0.005 per cent.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

NGX clears Abbey Mortgage Bank of insider trading allegationsAbbey Mortgage Bank Plc has been cleared of allegations regarding insider trading during a closed period, as initially stated in the Nigerian Exchange's X-Compliance Report. After a review of the circumstances surrounding the case, the Nigerian Exchange (NGX) has decided not to enforce any penalties against the bank.
Source: GuardianNigeria - 🏆 1. / 94 Read more »