6 results for “Nigerian Exchange”
The All-Share Index edged up 0.01 per cent to 247,707.13 points for a second straight gain, but decliners outpaced gainers and the value of trades contracted sharply, leaving the rally resting on a narrow band of energy stocks.
Ten leading stocks on the Nigerian Exchange account for N115.98 trillion, or about 71 per cent of the bourse's equity market value of around N160 trillion, underscoring high market concentration.
The national oil company is tightening disclosure and oversight as it prepares a listing that could become one of the Nigerian Exchange's largest.
The Nigerian Exchange closed higher on Wednesday as late buying in banking and selected industrial counters lifted market value by N103.90 billion, ending two sessions of declines.
Turnover on the Nigerian Exchange rose to N158.29 billion in the first full trading week of October as investors repositioned ahead of third-quarter earnings.
A sustained run in financial-sector stocks lifted the value of the Nigerian Exchange to a record N164 trillion at the end of September, capping one of the strongest equity rallies in years.