Investors Photo: PIXABAY Investors have received over N732 billion from dividend payout by 58 companies across 10 sectors listed on Nigerian Exchange Limited (NGX) in nine months. A breakdown of the N732.91 billion dividend paid so far by listed firms on the exchange showed that out of the 58 companies, 21 emerged from the financial […]
Positive sentiments continued in the local bourse as major indicators showed bullish feeling as the market continued to witness bargain hunting for value stocks from investors who exited trading on Wednesday with N25 billion gains. Analysts at Afrinvest Research have, however, maintained that the bullish performance will be extended on the back of bargain hunting […]
Trading activities on the Nigerian equities market yesterday closed with a decline of N3 billion, to extend the bearish sentiment to two consecutive trading days on sell-off in 15 stocks. Market watchers attributed the decline mostly to sell-off in the financial sectors, as investors lost N54 billion in two trading days. In summary, the All-Share […]
NGX Nigerian stocks contracted for the third straight day on Wednesday as the benchmark index shed 0.12 per cent in a trade that saw investors take a risk-off disposition to bank shares. The slide principally resulted from losses recorded by Nigeria’s three biggest banks by market value – GTCO, Zenith and Stanbic IBTC. Only the […]
The market breadth closed negative with 20 losers, against 18 gainers [Reuters/Akintunde Akinleye] Trading at the domestic bourse started the week on Monday still on negative mood, taking the bearish sentiment to six consecutive trading sessions. The price depreciation was due to profit-taking sentiments in all the major sectors except the consumer goods and banking […]
By Dipo Olowookere The bulls extended their stay on the floor of the Nigerian Exchange (NGX) Limited on Wednesday following a 0.12 per cent growth, which was largely driven by MTN Nigeria, GTCO, Oando and Honeywell Flour Mills. Business Post reports that despite the positive outcome of the market, investor sentiment still remained negative as […]
Nigeria’s stock market was bearish all through last week, forcing the valuation of quite a number of equities to a lower point of depression. The last trickle of banks’ audited financials into the market was a mixed bag of improvement and setback in terms of performance and that had adverse implications for investors’ hunger to […]
Red Star Express Plc said it recorded a turnover of N9.46bn for the financial year ended March 31, 2021. In a statement made available to our correspondent on Monday, the company also said it recorded a profit before tax of N220.79m and a total of N150.07m as profit after tax. The logistics firm said it […]
September 27, (THEWILL) – Red Star Express Plc, has recorded a turnover of N9.46 billion for the financial year ended March 31, 2021. The company recorded a Profit Before Taxation (PBT) of N220.79 million and total of N150.07million as the Profit After Tax (PAT). In the year under review, Red Star Express Plc grew its […]
…others rely on cash flow to pay down debts. Nigeria’s largest telecommunications firm, MTN retained its position as the largest borrower on the stock exchange after it reported a total short- and long-term loan balance of N578 billion as of June 2021. MTN ranked higher than all the companies listed on the Nigerian stock exchange […]
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