By Dipo Olowookere The Nigerian Exchange (NGX) Limited significantly declined on Wednesday after the Christmas holiday on the back of profit-taking. It was the first trading session of the week as a result of the holidays observed on Monday and Tuesday. The market went down by 1.08 per cent yesterday as investors offloaded some large-cap […]
By Aduragbemi Omiyale The last three trading sessions of 2021 on the floor of the Nigerian Exchange (NGX) Limited were mixed as the market closed positive for two days and negative for a day. The exchange operated for only three days as a result of the public holidays observed last Monday and Tuesday for the […]
By Dipo Olowookere Nigerian Exchange (NGX) Limited has rejigged its market indices, with some companies leaving and joining, according to a statement made available to Business Post . It was stated that the review became effective from Tuesday. January 4, 2022, and the affected indices are the NGX 30, NGX Lotus Islamic, NGX Pension, Corporate […]
Nigerian stocks Exchange Nigerian stocks inched up 0.2 per cent or N50.7 billion on Friday, almost completely wiping out the loss recorded at the preceding session, a broad-based advance aided by gains from food and beverages, banking and industrial goods sectors’ shares. International Breweries, United Bank for Africa and Dangote Cement led the climb, with […]
By Dipo Olowookere The financial statements of a leading pharmaceutical company in Nigeria, Neimeth International Pharmaceuticals Plc, for the year ended September 30, 2021, have been released. An analysis of the results by Business Post showed that in the year under review, the firm improved its turnover by 10.7 per cent to N3.1 billion from […]
Nigerian stocks saw their combined market value fall by N391.32bn at the end of trading on Thursday as Dangote Cement Plc and 14 others recorded price losses. The NGX All-Share Index dropped by 1.77 per cent to close at 41,685.22 basis points, while the market capitalisation slumped by N391.32bn to N21.75tn. The market activities on […]
By Dipo Olowookere A total of 965.1 million shares worth N12.5 billion exchanged hands in 14,802 deals last week compared with the 1.3 billion shares worth N15.3 billion exchanged in 18,292 deals a week earlier. Trading in UACN, FBN Holdings and Sovereign Trust Insurance accounted for 378.6 million units valued at N3.3 billion transacted in […]
The Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, occasioned by losses in many highly capitalised stocks, especially BUA cement and MTNN, causing market capitalisation to decline by N238 billion. The market resumed trading activities yesterday, after the Yuletide holidays declared by the Federal government on Monday and Tuesday, December 27th and 28th, 2021 […]
A total of seven companies delisted their shares from the Nigerian Exchange Limited (NGX) in 2021, up from five recorded in 2020. On the other hand the stock market recorded listing of four companies, up from one in 2020. The delisted companies include 11 Plc, Evans Medical Plc, Nigeria-German Chemicals Plc, Roads Nigeria Plc and […]
Last week, the valuation of stocks on the Nigerian Exchange rose by 1.16 per cent as more fund chased shares in affirmation of investors’ faith that the market could still deliver good yield beyond the earnings season. The market has returned 5.17 per cent year to date and there are possibilities that that will be […]
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