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Naira Surges: Trades at N1,580.44/$ in Official Market
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The Nigerian currency, the Naira, experienced consistent strengthening against the US Dollar throughout the week and ended stronger on Friday, with a rate of ₦1,580.44 in the official foreign exchange market. According to data from the Central Bank of Nigeria’s website, the Nigerian Naira appreciated by ₦4.51 against the US Dollar on Friday. This…
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Vn-Index Breaks 4-Session Gaining Streak
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Vietnam’s benchmark VN-Index fell 0.2% to 1,267.3 points Friday after rising in the previous four sessions. The index finished 2.5 points down following an increase of 19.4 points in the preceding session. Trading on the Ho Chi Minh Stock Exchange fell 9.42% to VND17.31 trillion (US$661.2 million). The VN-30 basket, comprising the 30 largest…
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Global Market Meltdown
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Pakistan, May 10 – While war can boost certain industries, it often leads to the decline of others—stock exchanges being particularly susceptible. Following India’s missile tests and drone incursions, it became evident that the market would face significant turbulence. However, it is reassuring to observe that despite Thursday’s dramatic drop, the markets managed to…
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Market Cap Surges ₦1.05 Trillion In A Day: Eti And Peers Power The Rally (International Edition)
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Yesterday, the equity segment of the Nigerian Exchange Limited ( NGX ) maintained its upward ekspresi dominan with an increase of ₦1.05 trillion due to robust investor enthusiasm for Ecobank Transnational Incorporated Plc (which surged by 10 percent) along with another 41 major stocks. The All Share Index (ASI) increased by 1,662.60 points, marking…
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Gold Drops As Optimism Over Us-China Trade Softens Safe-Haven Appeal
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Lagos — Gold prices slipped on Wednesday as reports of upcoming trade talks between US and Chinese officials lifted market sentiment and reduced safe-haven demand. The prospect of negotiations between Washington and Beijing has fueled optimism, even as broader trade uncertainties persist. Investor focus is also directed at the Federal Reserve’s policy decision later…
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Casablanca Stock Exchange Ends Session In Red
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The Casablanca Stock Exchange ended lower on Thursday as its main indicator, the MASI, decreased by 0.09%, closing at 17,595.84 points. The MASI 20, comprising the 20 most traded shares, declined by 0.04% to reach 1,434.7 points. In contrast, the MASI ESG, an indicator for firms with superior ESG scores as evaluated by Moody’s…
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Gold Drops as Optimism Over US-China Trade Softens Safe-Haven Appeal
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Lagos — Gold prices slipped on Wednesday as reports of upcoming trade talks between US and Chinese officials lifted market sentiment and reduced safe-haven demand. The prospect of negotiations between Washington and Beijing has fueled optimism, even as broader trade uncertainties persist. Investor focus is also directed at the Federal Reserve’s policy decision later…
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Moroccan Regulator Sounds Alarm on Fragile Markets, Calls for Wider Investor Engagement
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The Moroccan Capital Market Authority (AMMC) has released a warning about the inherent weaknesses in the structure of the Casablanca Stock Exchange, highlighting its heavy dependence on institutional investors as well as insufficient involvement from retail investors and small to medium-sized businesses. The AMMC’s recently published 2024 annual report, entitled “Capital Markets in Figures,”…
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Casablanca Stock Exchange Ends Session in Red
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The Casablanca Stock Exchange ended lower on Thursday as its main indicator, the MASI, decreased by 0.09%, closing at 17,595.84 points. The MASI 20, comprising the 20 most traded shares, declined by 0.04% to reach 1,434.7 points. In contrast, the MASI ESG, an indicator for firms with superior ESG scores as evaluated by Moody’s…
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Market Cap Surges ₦1.05 Trillion in a Day: Eti and Peers Power the Rally (International Edition)
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Yesterday, the equity segment of the Nigerian Exchange Limited ( NGX ) maintained its upward trend with an increase of ₦1.05 trillion due to robust investor enthusiasm for Ecobank Transnational Incorporated Plc (which surged by 10 percent) along with another 41 major stocks. The All Share Index (ASI) increased by 1,662.60 points, marking a…