• Contact
Wednesday, February 8, 2023
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

    Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

    Zimbabwe cuts world’s highest interest rate as inflation eases

    Zimbabwe cuts world’s highest interest rate as inflation eases

    Convergence Partners raises $296 million to drive digital inclusion across Africa

    Convergence Partners raises $296 million to drive digital inclusion across Africa

    Trending Tags

  • Business
    Shell oil tanker questioned over payment of losses and damages

    Shell oil tanker questioned over payment of losses and damages

    Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

    Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

    Richest African man building fourth cement plant in Nigeria

    Richest African man building fourth cement plant in Nigeria

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa startups defy funding slump as debt financing fuels growth

    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

  • Finance
    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

    Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

    Zimbabwe cuts world’s highest interest rate as inflation eases

    Zimbabwe cuts world’s highest interest rate as inflation eases

    Convergence Partners raises $296 million to drive digital inclusion across Africa

    Convergence Partners raises $296 million to drive digital inclusion across Africa

    Trending Tags

  • Business
    Shell oil tanker questioned over payment of losses and damages

    Shell oil tanker questioned over payment of losses and damages

    Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

    Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

    Richest African man building fourth cement plant in Nigeria

    Richest African man building fourth cement plant in Nigeria

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa startups defy funding slump as debt financing fuels growth

    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

  • Finance
    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Finance

Nigerian equities lead global stocks with N646b gain

TAB by TAB
15/11/2021
in Finance
0
Nigerian equities lead global stocks with N646b gain
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

Nigerian equities lead global stocks with N646b gain

Nigerian equities emerged at the weekend atop the global returns table for the world’s stock markets as a strong rally in the communication and technology stocks drove the Nigerian market to a net capital gain of N646 billion in five trading sessions.

Related posts

Digital banking revolution can help SA banks regain their customers’ love, says BCG

Digital banking revolution can help SA banks regain their customers’ love, says BCG

02/02/2023
3
Nigeria launches payments card program to rival Visa and Mastercard

Nigeria launches payments card program to rival Visa and Mastercard

30/01/2023
1

Nigerian equities lead global stocks with N646b gain

Nigerian benchmark equities indices closed above returns by several tracked global advanced and emerging stock indices. The global stock market outlook was a mixed grill with decline in United States of America (U.S.A) and upswings in United Kingdom, Europe and Asia.

The All Share Index (ASI)- the value-based index that tracks all share prices on the Nigerian Exchange (NGX) Limited; posted average return of 2.95 per cent; equivalent to net capital gain of N646 billion, more than a double of the closest returns by other global stock markets.

With inflation fuelling uncertainty in the U.S.A, the Dow Jones Industrial Average (DJIA) declined by 1.1 per cent while its twin index S & P dropped by 1.0 per cent. Meanwhile, in London, the benchmark FTSE 100 Index appreciated by 0.8 per cent. The STOXX Europe, which tracks the general European markets posted average return of 0.5 per cent. In Asia, Japan’s Nikkei 225 Index closed flat while China’s SSE Index appreciated by 1.4 per rent. The MSCI EM, which tracks emerging markets, posted average gain of 1.4 per cent while its counterpart MSCI FM, which tracks frontier markets, depreciated by 0.1 per cent.

The ASI rose from the week’s opening index of 42, 014.50 points to close weekend at 43,253.01 points, representing average return of 2.95 per cent. The week’s rally nudged the average year-to-date return for Nigerian equities to 7.41 per cent.

Aggregate market value of all quoted equities on the NGX rose from the week’s opening value of N21.926 trillion to close weekend at N22.572 trillion, an increase of N646 billion or 2.95 per cent. The rally at the Nigerian market was driven by investors’ appetite for large stocks; especially telcos.

The rally also saw increase in turnover of at the Nigerian market. Total turnover last week stood at 1.471 billion shares worth N20.941 billion in 20,410 deals as against a total of 1.428 billion shares valued at N12.373 billion traded in 23,987 deals two weeks ago.

Nigerian equities lead global stocks with N646b gain

Source: The Nation
Previous Post

Dollar borrowers worry over naira fall

Next Post

Five types of women that may cheat

Next Post
Five types of women that may cheat

Five types of women that may cheat

RECOMMENDED NEWS

Business Insider features Morocco as one of Africa’s best investment destination in 2022

Business Insider features Morocco as one of Africa’s best investment destination in 2022

12 months ago
2
Ford asks US gov’t to speed up mining permits

Ford asks US gov’t to speed up mining permits

5 months ago
4
THE TRUTH ABOUT LIP SHADING

THE TRUTH ABOUT LIP SHADING

1 year ago
2
Angola Sonangol points way to propel Africa

Angola Sonangol points way to propel Africa

2 months ago
2

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business – News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • Zanzibar’s president is looking to make horticulture a significant part of his country’s economy
  • Shell oil tanker questioned over payment of losses and damages
  • Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In