• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 12, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Equities Investors Gain N2.08trn In November

by Olushola Bello
3 years ago
in Business
Equities
Share on WhatsAppShare on FacebookShare on XTelegram

Despite inflation rate eroding return on investment, the equities on the Nigerian Exchange Limited (NGX) appreciated by N2.08 trillion in November 2022 as investors renewed interest in large and medium capitalised stocks.

Advertisement

Reviewing stock market activities in November, which is the second month in the last quarter of the year, the basic indicators of the Nigerian Stock Exchange (NSE), All-Share Index gained 8.72 per cent to close on November 30, 2022 at 47,660.04 basis points, from 42,716.44 points at which it opened for the month.

Market capitalisation for the period rose by N2.081 trillion to close at N25.959 trillion as at November 30, 2022 from N23.878 trillion at which it opened trading for the month.

The stock market performance in November was driven by investors’ surge in interest in Dangote Cement, Airtel Africa Plc, among other highly capitalised stocks on the bourse.

Looking at stock performance, Dangote Cement saw its price gaining 18.96 per cent to close November trading at N262.30 per share from N220.5 per share it opened for trading, while MTN Nigeria Communications gained 10.97 per cent to close at N218.5 per share from N196.90 per share.

RELATED

Lawmakers, Marítime Workers Kick Over NPA’s 50% Federation Account Remittances

NPA Bags NASS’ Transparency Award

3 hours ago
UBA Unveils ‘Scan To Resolve Complaint’ Portal For Enhanced Customer Experience

Entrepreneurs Charged On Value, Sustainable Partnerships At UBA Business Series

4 hours ago

Airtel Africa rose by 13.7 per cent to N1,450.00 per share from N1,275.00 per share as Zenith Bank added N1.9 per share to close at N21.9 per share from N20.00 per share it closed for trading in October 2022.

The stock market, since July 2022, has witnessed dwindling performance on the backdrop of hike in Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) in its moves to tackle inflation rate and uncertainty surrounding 2023 general elections.

The stock market, in July 2022, plunged by N772billion to N27.163trillion, and in August, it dropped further by N283billion.

In September, the market capitalisation depreciated by N429billion or 1.6 per cent Month-on-Month to N26.451trillion from N26.88trillion it opened for trading and in October, the market was down by N2.57 trillion as escalated global energy and commodity crises triggered massive portfolio realignments.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



SendShareTweetShare
Previous Post

Seplat Emerges Highest Net Asset Ratio Firm At Pearl Award

Next Post

Port Operator Assures Workers Of Job Security Over Acquisition

Olushola Bello

Olushola Bello

You May Like

Lawmakers, Marítime Workers Kick Over NPA’s 50% Federation Account Remittances
Business

NPA Bags NASS’ Transparency Award

2025/07/12
UBA Unveils ‘Scan To Resolve Complaint’ Portal For Enhanced Customer Experience
Business

Entrepreneurs Charged On Value, Sustainable Partnerships At UBA Business Series

2025/07/12
AKK Pipeline: A Game-Changer for Northern Nigeria’s Energy Landscape
Feature

AKK Pipeline: A Game-Changer for Northern Nigeria’s Energy Landscape

2025/07/12
DBN Harps On Education’s Impact Against Climate Crisis
Business

DBN To Train Entrepreneurs On Business Growth, Sustainability

2025/07/12
Coleman Wires To Boost Local Content Awareness
Business

Coleman Invests N700bn In 20 Years

2025/07/12
Summit Rallies Stakeholders To Drive Africa’s Economic Future
Business

Summit Rallies Stakeholders To Drive Africa’s Economic Future

2025/07/12
Leadership Conference advertisement

LATEST

‘Govs Defecting To APC Will Work Against You’, Primate Ayodele Warns Tinubu

Katsina Gov Orders Suspension Of Key Officials Over Reformatory Torture Case

NDDC Marks 25th Anniversary With Arts, Culture Parade

NLC, NSITF Fight Over Ownership Of Abuja Land

Crystal Palace Demoted From Europa League Over Ownership Rules

Tennis: Alcaraz’s Hold Off Fritz To Reach Wimbledon Final

Galatasaray Submits Fresh Proposal To Napoli For Osimhen

NSC Rallies Funding Support for NUGA, as Nigeria Competes at World University Games

Dare, Gumel, Ogba, Others To Storm Abeokuta for Athletics Championships

FIBA U-19 Women’s World Cup: NSC Drums Support For Junior D’Tigress

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.