Tag
NGX BANKING INDEX
The NGX Banking Index, which tracks listed Nigerian banks, ended August 2025 in the red, with the decline extending into early September and dipping below the 1,500 daily support level.
Analysts at CardinalStone expect investor sentiment to stay cautious in September 2025, following the sell-offs that began in August and have continued into the new month.
The Nigerian stock market wrapped up the trading week ending December 13, 2024, with a stellar performance, as the All-Share Index (ASI) recorded an impressive gain of 1,167.31 points to close at 99,378.06.
The Nigerian banking sector stands as a cornerstone of one of the fastest-growing sectors in the country, experiencing an estimated growth rate of 26.53% - a notable increase from the 16.36% recorded in 2022.
The Nigerian banking sector was unaffected by losses induced by hunger protests, which rocked some parts of the country on the trading day that commenced on August 1, 2023.
Nigerian stocks ended the month of May with a surprise gain after the NGX All-Share Index (ASI) staged consecutive gains this week, closing at 99,300.38 points.
Nigerian banks appear poised for another round of losses as investors continue to weigh their options regarding the impending bank recapitalization plans.
In the past five to six years, Nigeria's banking sector has witnessed remarkable growth, with the NGX banking index soaring by 114.89% in 2023.
Nigerian banking sector investors gained N544.807 billion as the stock market closed the trading week on a positive note.
The market capitalization of the top five banks referred to as the Tier-1 banks increased to N2.44 trillion...
Wema Bank posted a profit of +5.45%, posting price at N0.58 from its previous price of N0.55.
The market sentiment trended bullish as 6 gainers were opposed to 1 loss and 3 stalemates.