Nigerian Stock Exchange (NSE) LAGOS – The losing streak in the domestic equities market continued yesterday as the market extended its losses to the second trading session of the week on the back of sustained losses in bellwether stocks like Nigerian Breweries, Nestle Nigeria and Unilever Nigeria. As a result, the All Share Index shed […]
One of Nigeria’s leading energy groups, Oando PLC has released its financial results for the year ended December 31, 2018. The audited report shows that the company recorded a profit-after-tax of N28.8 billion, an increase of 46 percent compared to the N19.8 billion for the same period in 2017. Increase in oil production, coupled with […]
The equities activities of the Nigerian Stock Exchange (NSE) reopened for the week on Monday on a downward trend as market capaitalisation depreciated by 0.29 per cent. The News Agency of Nigeria (NAN) reports that market capitalisation, which opened at N11.672 trillion, lost N34 billion or 0.29 per cent to close at N11.638 trillion due […]
WorldStage Newsonline– Trading on the Nigerian Stock Exchange (NSE) reopened for the week on Monday on a downward trend as market capaitalisation depreciated by 0.29 per cent from N11.672 trillion to close at N11.638 trillion due to price losses by some blue chip equities. The All-Share Index declined by 509.73 points or 01.64 per cent […]
WorldStage Newsonline– Trading on the Nigerian Stock Exchange closed Tuesday still on a negative trend, as the All-Share Index lost 3.46 points or 0.01 per cent to close at 31,038.86 compared with 31,042.32 achieved on Monday. The market capitalisation, which opened at N11.576 trillion, increased marginally by N95 billion to close at N11.671 trillion. A […]
Buy, Sell, Hold Stocks on our Buy Sell Hold are drawn from various analysts’ reports, as well as the top gainers and losers from the previous week. Zenith Bank: HOLD Recent R esults : Gross earnings dipped from N745 billion in 2017 to N630 billion in 2018. Profit before tax, however, rose from N199 billion […]
Goddy Egene The stock market pared losses Wednesday as investors embarked on bargain hunting after days of bearish run. The persistent bear run had pushed the Nigerian Stock Exchange (NSE) All-Share Index (ASI) to a 52-week low two days ago. However, some investors moved in to take advantage of low valuations. Consequently, the NSE ASI […]
Champion Breweries Plc, 2018 Audited full year results of the company dealings in brewing and marketing of alcohol and non-alcohol beverages in Nigeria showed a marginal decline in its topline of 0.28%, arriving at N4.763 billion from N4.777 billion garnered same period in the preceding year of 2017. N263 million reported loss after tax for […]
stock market Market Slumps By N48bn, Stock Investors Lost N158bn In March Investors in the Nigerian stock market lost N158bn in March amid persistent bearish sentiments. The market, which opened the month at 31,721.76 basis points with a market capitalisation of N11.830bn, rose to its highest point on March 5 at 32,173.66bps with a market […]
LAGOS – Nigerian equities market on Monday commenced the trading week on a bearish note, with a decline of 1.53 per cent. The All Share Index (ASI) shed 454.14 basis points, representing a dip of 1.53 per cent to close at 30,226.77 points. Similarly, the market capitalisation shed N170 billion to close at N10.954 trillion. […]
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