Darasimi Adebisi The Nigerian equities market yesterday closed transactions for the first day in the new week on a negative note. The price depreciation was due to investors’ profit-taking sentiments in all the major indices except the consumer goods and banking indices. Consequently, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) dropped by 6.16 basis […]
Investment analysts have said that activities in the nation’s stock market will be bullish this week over positioning by investors in interim dividend stocks. They posited that the market provides ample opportunity for capital gains but advised investors to position in only fundamentally sound stocks. According to analysts at Cowry Assets Management Limited, in the […]
Transnational Corporation of Nigeria Plc (Transcorp) multiplied after tax profit more than eight times year-on-year to close the half year operations at N6.5 billion. The conglomerate experienced a further upswing in earnings performance in the second quarter when it generated N4.5 billion or 69 percent of the closing profit figure for the half year in […]
Transnational Corporation (Transcorp) of Nigeria Plc, is set to improve power generation and transform the nation’s economy, as it sets a number of key targets to ensure long term shareholders’ returns and sustainability. This was disclosed by the President/Group Chief Executive Officer, Transcorp Plc, Owen Omogiafo, during the company’s half year (HY) analyst parley held […]
Nigerian Exchange Group (NGX) The Nigerian Exchange Limited (NGX) extended bearish sentiment to two trading sessions yesterday, as sustained sell-pressure in the shares of many insurance companies dragged the All-Share Index (ASI) further by 0.01 per cent. Specifically, the All-Share Index (ASI) dipped by 5.34 absolute points, representing a marginal decrease of 0.01 per cent […]
Nigerian Exchange Group (NGX) Following sustained sell-off in the shares of most highly capitalised stocks, the Nigeria Exchange Limited (NGX), extended losses to three consecutive trading sessions yesterday, as investors’ wealth depreciated further by N25 billion. At the close of trading yesterday, the All-Share Index (ASI), dipped by 46.77 absolute points, representing a decline of […]
Nigerian Stock Exchange Investors Lose N24bn As Stock Market Extend Decline The equities market of the Nigerian Exchange Limited sustained its decline for the third straight day as investors lost N24.37bn at the end of trading on Wednesday. The NGX All-Share Index declined by 0.12 per cent, closing at 39204.52 basis points from 39,251.29bps the […]
By Dipo Olowookere A total of 1.4 billion shares worth N13.1 billion were traded last week by investors in 19,315 deals on the floor of the Nigerian Exchange (NGX) Limited, data obtained by Business Post showed. The turnover recorded at the exchange last week was more than the 1.3 billion stocks worth N8.7 billion transacted […]
Equities trading at the Nigerian Exchange Limited (NGX) opens the week in the red zone as selloffs in banking stocks weigh down the benchmark index to reverse previous trading gains. Accordingly, on Monday, the All-Share Index (ASI) ended the trading session 0.1 per cent lower at 38,906.42 basis points, owing to depreciation recorded in the […]
The Nigerian equities market commenced the week on a negative note yesterday following drive by investors to take profit in banking and insurance shares. Accordingly, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) dropped by 37.45 basis points, representing a decline of 0.10 per cent, to close at 38,906.42 basis points. Similarly, the market capitalization […]
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