The combined market capitalization of the stocks worth over one trillion (SWOOTs) depreciated by 2.84% to close at N15.39 trillion from N15.84 trillion the previous week, reflecting a loss of N449.36 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc. Stock Performance Airtel Africa Plc – N955.00 Airtel […]
SWOOT The combined market capitalization of the stocks worth over one trillion (SWOOTs) appreciated by 2.03% to close at N15.37 trillion from N15.06 trillion the previous week, reflecting a gain of N305.55 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, and MTNN Plc. Stock Performance: Dangote Cement Plc – N255.00 […]
December 25, (THEWILL) – Nestle Nigeria Plc had a good third quarter (Q3) 2021 report (July – September). However, the aching spot of high finance cost has lingered since the year. This would, inexorably, impact on the bottom line and further lower the dividend graph that almost hit the bottom of the trough in 2020. […]
At the end of today’s trading session, Honeywell Flour Mill Plc share price appreciated by 1.47% to close at N3.45 per share, taking the market capitalization from N26.96 billion to N27.36 billion. Honeywell Flour Mill Plc, today recorded an increase in share prices which can be attributed to investors’ positive sentiment which triggered buy-interests in […]
The Nigerian Investment Promotion Commission (NIPC) approved the pioneer status incentive (PSI) applications of eight companies in the third quarter of 2021. The commission said this in its PSI report published on Friday. Industries that qualify for the PSI are exempted from paying company income tax for an initial period of three years with the […]
According to the recently released NGX Domestic & Foreign Investment report for November 2021, the total value traded on the local bourse, albeit still high, declined by 7.95% m/m to N196.1bn (US$472.5m) in November from N213.1bn (US$513.3m) in October. Despite the foreign investors’ increased activity level by 63.98% m/m to N69.6bn (US$167.6m), it was insufficient […]
The Nigerian Exchange Limited (NGX) sustained a rising profile at the end of yesterday, as bargain hunting in the shares of 20 blue-chip companies lifted market capitalisation further by N218 billion. Specifically, the All-Share Index (ASI) grew by 416.24 absolute points, representing an increase of 0.99 per cent to close at 42,435.16 points. While market […]
Kayode Tokede Trading in the stock market of the Nigerian Exchange Limited (NGX) commenced the week yesterday with negative sentiments amid investors profit-taking in Presco Plc and 20 others. Specifically, the NGX All-Share Index (ASI) dropped by 37.35 basis points or 0.09 per cent, to close at 43,270.94 basis points from 43,308.29 basis points. Consequently, […]
At the end of today’s trading session, Presco Plc share price depreciated by 1.24% to close at N87.80 per share, taking the market capitalization from N88.90 billion to N87.80 billion. Presco Plc, today recorded a loss in share prices which can be attributed to investors’ negative sentiment which triggered sell-offs in the shares of the […]
The Nigerian stock market resumed trading on Wednesday after the Christmas holidays with a loss of N238 billion due to profit-taking. Speficially, the market capitalisation which opened at N22.060 trillion lost N238 billion or 1.08 per cent to close at N21.822 trillion. Also, the All-Share Index inched lower by 455.75 points or 1.08 per cent […]
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