The Securities and Exchange Commission (SEC) has given its authority to proceed with the proposed Mandatory Takeover Offer (MTO) for One Billion, One Hundred and Ninety-Six Million, Seven Hundred and Ninety-Nine Thousand, One Hundred and Sixty-Four (1,196,799,164) ordinary shares of Champion Breweries Plc (the Company) at N2.60 per share by The Raysun Nigeria Limited. The […]
Preparations for Yuletide have continued to take a toll on the equities sector of the Nigerian Exchange Limited (NGX) as investors’ wealth depreciated further by N7 billion. Specifically, the All-Share Index declined by 13.74 per cent, representing a decrease of 0.03 per cent, to close at 42,230.48 points. Similarly, the overall market capitalisation value lost […]
The local bourse records bearish turn, on Wednesday, after two days of public holiday leaving the benchmark index 1.08 per cent lower. Basically, the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) shed 1.08 per cent to peg at 41,807.10 basis points. This brought the month-to-date and year-to-date outings of the All-Share Index to […]
By Dipo Olowookere The poor performance of FBN Holdings Plc in the third quarter of 2021 weakened its profit in the first nine months of the year by 40.2 per cent, analysis of the company’s financial statements by Business Post showed. The results filed to the Nigerian Exchange (NGX) Limited revealed that in the period […]
At the end of the year 2021, the Nigerian equities market appreciated by 6.07 per cent, despite the decline recorded in the Foreign Portfolio Investments (FPI), which has major impact on the market, among other catalysts. The benchmark index of the Nigerian Exchange (NGX) Limited, the All-Share Index (ASI), at the close the year 2021 […]
Heightened political tension weakens market indices by 0.53% The year 2021, like most other years, brought enchanting developments to Nigeria’s capital market (NCM), especially as the COVID-19 pandemic seemed far from over. The country’s stock market had in 2020 witnessed closure of companies and offices which caused the postponement of annual general meetings (AGMs) of […]
By Dipo Olowookere The Nigerian Exchange (NGX) Limited depreciated on Thursday by 1.77 per cent on the back of profit-taking in the shares of UPDC, Dangote Cement and 13 others. The duo lost 10.00 per cent each yesterday to close at N9.00 and N252.00 respectively, while Neimeth went down by 6.86 per cent to N1.63, […]
Kayode Tokede Dangote Cement Plc and 14 other highly capitalised stocks on the Nigerian Exchange Limited (NGX) contributed 90.2 per cent or N20.10 trillion to overall N22.3 trillion market capitalisation in 2021. The other highly capitalised stocks were MTN Nigeria Plc, Airtel Africa Plc, BUA cement, Nestle Nigeria Plc, Zenith Bank Plc, Guaranty Trust Holdings […]
Transaction value on the floor of Nigerian Exchange (NGX) Thursday shed N46 billion. Specifically, market capitalisation of listed equities declined by 0.20 per cent to N22.056 trillion from N22.102 trillion reported the previous day. The NGX All Share Index also depreciated by 87.13 basis points to 42270.23 points from 43357.36 reported pm Wednesday. Investors traded […]
NGX trading Sentiments in the domestic bourse turned negative on Thursday with a loss of N46 billion due to profit-taking activities in top cement player – Dangote Cement. Specifically, the market capitalisation shed N46 billion or 0.21 per cent to close at N22.056 trillion from N22.102 trillion posted on Wednesday. Also, the All-Share Index lost […]
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