At the end of today’s trading session, Champion Breweries Plc share price joined the gainers, appreciating by 8.05%, to close at N2.55 per share and taking the market capitalization from N18.48 billion to N19.97 billion. The brewer recorded a gain in share prices after the announcement of take-over shares offer by Raysun Nigeria Limited to […]
Category: Nigeria Business
Nigerian Equities Sustain Positive Vibes, Open Week Higher by 0.91%
By Dipo Olowookere The positive vibes seen at the Nigerian Exchange (NGX) Limited remained on Monday, January 31, 2022, with a further appreciation of 0.91 per cent. Data showed that buying pressure on Nigerian equities persistent at the last trading session of the first month of the new year, with interest in RT Briscoe, NGX […]
NGX moves 225.69 million shares worth N2.39 billion in bearish trading
Nigerian Exchange [Photo Creadit: Business Live Nigeria] The Nigerian Exchange Ltd. on Friday moved a total of 225.69 million shares worth N2.39 billion in 4,093 deals. This was against a turnover of 346.70 million shares valued at N3.83 billion exchanged in 4,952 deals on Thursday, a decrease of 34.90 per cent. Fidelity Bank was the […]
NGX gains N226 billion in last January trading
Nigerian Exchange [Photo Creadit: Business Live Nigeria] The nation’s bourse opened the week on Monday upbeat to close its last trading day in January with a gain of N226 billion driven by high demand for shares of MTN Nigeria Communications (MTNN). Specifically, the market capitalisation, which opened the week at N24.898 trillion inched higher by […]
NGX: Market cap up by 1.04% as investors gain N262.1bn in eight hours
NGX: Market cap up by 1.04% as investors gain N262.1bn in eight hours | The Paradise News Shareholders at the Nigerian capital market pocketed N262.17 billion in just eight hours on Tuesday. This followed the rise in equity capitalisation by 1.04 percent at the close of the day’s trading. The development pushed up the equity […]
Nigerian All-Share Index Crosses 47,000 points After 1.04% Rise
By Dipo Olowookere The Nigerian Exchange (NGX) Limited closed at a level last seen in August 2008 on Tuesday after it recorded a growth of 1.04 per cent. This pushed the All-Share Index (ASI) higher by 486.64 points to 47,111.21 points from 46,624.67 points and raised the market capitalisation by N489 billion to N25.387 trillion […]
Ecobank Emerges as Best-performing Stock of the Week
By Dipo Olowookere The Nigerian Exchange (NGX) Limited further closed on a positive note last week, with the All-Share Index (ASI) rising by 0.55 per cent to 46,205.05 points and the market capitalisation appreciating by 0.54 per cent to N24.898 trillion. However, all other indices finished lower with the exception of main board, banking, AFR […]
Resolutions Passed at the Court-Ordered Meeting of Wema Bank Plc
Wema Bank Plc hereby announces that at its 2021 Court-Ordered Meeting held on 31st December 2021 by 10:00 am at Wema Towers, 54 Marina, Lagos State, Nigeria, the following resolutions were proposed and duly passed by the requisite majority at the meeting: 1. The Scheme as contained in the Scheme document dated Wednesday, December 1, […]
Trading rebounds on NGX with N215 billion growth
Nigerian Exchange [Photo Creadit: Business Live Nigeria] The Nigerian stock market on Thursday returned to positive territory with capitalisation growing by N215 billion. The market capitalisation, which opened at N25.289 trillion inched higher by N215 billion or 0.85 per cent to close at N25.504 trillion. Also, the All-Share Index (ASI) increased by 399.14 points or […]
Stock Market Down N79bn on Profit-taking in BUA Food, Others
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday sustained the down trend of prior day as profit-taking witnessed in BUA Foods Plc and 20 others caused a N79billion decline in the market capitalisation. The overall market capitalisation value lost N79 billion to close at N25.357 trillion, while the NGX All-Share Index […]