By Dipo Olowookere For the 14th trading session, the Nigerian Exchange (NGX) Limited closed in the red zone after it depreciated by 1.04 per cent on persistent profit-taking. Yesterday, the selling pressure by stock investors intensified, with the financial services sector suffering the most, as the banking space lost 5.75 per cent, and the insurance… Continue reading Stock Investors Lose N599bn as Profit-Taking Intensifies
Tag: profit taking
Nigerian Stocks Bearish for 13th Straight Sessions Amid Panic Selling
By Dipo Olowookere The absence of a positive trigger has kept the Nigerian Exchange (NGX) Limited in the negative territory for the 13th consecutive trading session, as it further declined by 0.53 per cent on Monday. Business Post reports that panic selling of Nigerian stocks trimmed the All-Share Index (ASI) by 537.44 points to 101,777.12… Continue reading Nigerian Stocks Bearish for 13th Straight Sessions Amid Panic Selling
Nigerian Exchange Down 0.71% as Selling Pressure Intensifies
By Dipo Olowookere Persistent profit-taking and cautious trading by investors further weakened the Nigerian Exchange (NGX) Limited on Friday by 0.71 per cent after a three-day break from the market. The stock exchange was closed for three days on Tuesday, Wednesday, and Thursday as a result of the public holidays declared by the federal government… Continue reading Nigerian Exchange Down 0.71% as Selling Pressure Intensifies
Stock Exchange Loses N191bn as Investor Sentiment Turns Bearish
By Dipo Olowookere A weak investor sentiment triggered by profit-taking further sank the Nigerian Exchange (NGX) Limited by 0.32 per cent on Wednesday. The stock exchange could not bounce back at midweek as a result of the sustained selling pressure influenced by the absence of a positive market stimulus. As a result, the market capitalisation… Continue reading Stock Exchange Loses N191bn as Investor Sentiment Turns Bearish
Equity Market Down 0.28% After Investors Sell Off FBN Holdings, Others
By Dipo Olowookere The Nigerian equity market depreciated by 0.28 per cent on Wednesday, the third straight trading session this week, as a result of persistent sell-offs. The banking stocks influenced the downfall of the Nigerian Exchange (NGX) Limited today, as investors book profit after days of price appreciation. The Initiates and Secure Electronic Technology… Continue reading Equity Market Down 0.28% After Investors Sell Off FBN Holdings, Others
Profit-Taking Depletes Nigerian Exchange by 0.40%
By Dipo Olowookere The Nigerian Exchange (NGX) Limited succumbed to profit-taking on Monday, shedding 0.40 per cent despite a bullish investor sentiment. The local bourse ended with 27 price gainers and 18 price losers today, implying a positive market breadth index. The selling pressure was just investors booking profit after gains in the past few… Continue reading Profit-Taking Depletes Nigerian Exchange by 0.40%
Profit-Taking in Aradel Holdings, IGI Depress OTC Exchange by 1.01%
By Adedapo Adesanya Continued profit-taking in the duo of Aradel Holdings Plc and Industrial and General (IGI) Plc made the NASD Over-the-Counter (OTC) Securities Exchange close the session in the red territory on Tuesday, March 5 by 1.01 per cent. Aradel Holdings Plc saw its share price fall further by N74.69 to settle at N2,125.31… Continue reading Profit-Taking in Aradel Holdings, IGI Depress OTC Exchange by 1.01%
Customs Street Cracks by 0.12% as Traders Sell Off Wema Bank, Others
By Dipo Olowookere The bulls lost control of the Nigerian Exchange (NGX) Limited to the bears on Thursday amid sustained weak investor sentiment. Customs Street ended in the red zone by 0.12 per cent after it recorded 20 price advancers and 28 price laggards, implying a negative market breadth index. DAAR Communications was on top… Continue reading Customs Street Cracks by 0.12% as Traders Sell Off Wema Bank, Others
Investors Recover N165bn as FBN Holdings, BUA Cement, Others Gain
By Dipo Olowookere The bulls recaptured the Nigerian Exchange (NGX) Limited on Wednesday after the bears dominated for two straight days as a result of panic selling due to the macroeconomic environment, especially with the poor performance of the Naira in the foreign exchange (FX) market. During the midweek session, the local bourse finished higher… Continue reading Investors Recover N165bn as FBN Holdings, BUA Cement, Others Gain
NGX Loses N1.822trn as Investors Liquidate Stocks as Hardship Worsens
By Dipo Olowookere The Nigerian Exchange (NGX) Limited suffered a significant loss on Monday as investors liquidated their shares as protests over the high cost of living in the country spread. The local equity market witnessed a 3.15 per cent loss yesterday as a result of massive profit-taking as there are no signs that the… Continue reading NGX Loses N1.822trn as Investors Liquidate Stocks as Hardship Worsens