The Nigerian equities market remained bearish last week as investors paid little attention to the announcement of improved results and declaration of dividends by some companies. The market was under the firm control of the bears for four out of the five days. However, the decline recorded by the Nigerian Stock Exchange (NSE) All-Share Index […]
Tag: XNSA
NSE falls sharply in first trading day in April
The Nigerian Stock Exchange closed in the red today. The All Share Index ended today’s trading session at 30,531.69 basis points, down 1.64%. Year to date, the index is down 2.86%. Top Gainers and Losers McNichols Consolidated Plc was the best performing stock today. The stock gained 10% to close at N0.77. Berger Paints Nigeria […]
Stock market reopens bearish as indices plunge by N206b
Nigeria Stock Exchange, Lagos Following price losses incurred by most blue-chip stocks, transactions on the trading floor of the Nigerian Stock Exchange (NSE) reopened on a downturn yesterday, causing market capitalisation to plunge further by N206 billion. Specifically, at the close of transactions yesterday, the All-share index (ASI) shed 513.92 absolute points, representing a decline […]
Nigerian dad reveals how bad road killed his son
A distraught Nigerian man identified as Ini Mbebeng is currently mourning his son whom he said died due to the bad roads in Nigeria. Taking to his Facebook page, Mbebeng wrote; ‘ the potholes on Enen Nsit which have been the decoration of Ikot Edibon to Ikot Etobo axis of that road from the first […]
Equities Market Sustains Bearish Run, Down 0.14%
Lagos – Nigerian equities market extended negative stance into the second trading session of the week as the Nigerian Stock Exchange- All Share Index (NSE-ASI) shed 0.14 per cent yesterday. NSE-ASI declined by 43.07 basis points, representing a decrease of 0.14 per cent, to close at 31,082.32 points. Similarly, market capitalisation shed N16 billion, to […]
Why we want to delist our shares from NSE, by First Aluminium
The board of directors of First Aluminium Nigeria Plc yesterday explained that the aluminium company is seeking to delist its shares from the Nigerian Stock Exchange (NSE) because of inactivity on the shares of the company and inability of the current listing to help in realizing the corporate objectives of the company. In a statement […]
First Aluminium seeks voluntary delisting from NSE
…says re-listing may be considered upon improved market conditions Feyisayo Popoola First Aluminium Nigeria Plc says “the current illiquidity nature of the capital market” has rendered the primary corporate objective of its listing to raise capital and provide liquidity unattainable. The company, in an explanatory note to shareholders, said it was seeking a voluntary delisting […]
NSE index dips 0.31%, as Mobil, Nestle, Dangote Cement lose weight
WorldStage Newsonline–Trading on the Nigerian Stock Exchange (NSE) closed on Monday with the market capitalisation depreciating by N36 billion or 0.31 per cent, amid price losses by major stocks. The market capitalisation closed lower at N11.576 trillion from the N11.612 trillion recorded on Friday. Also, the All-Share Index, which opened at 31,139.35, dropped by 97.03 […]
Dangote Cement, 9 Others Account For 71% Equities Market Capitalisation
Dangote Cement Plc, Nestle Nigeria Plc and eight other listed companies have accounted for 71 per cent of the total Nigerian equities market capitalisation. The others are Guaranty Trust Bank (GTB), Zenith Bank, Nigerian Breweries, Stanbic IBTC, Cement Company of Northern Nigerian (CCNN), Ecobank Transnational Inc. (ETI), Unilever Nigeria, and International Breweries. Market capitalisation also […]
You Could Gain 140% Buying These Five Stocks This Week
By Modupe Gbadeyanka It is no doubt that the local stock market has been on the downtrend for some weeks now, but for smart investors, the best time to buy stocks is when the market is down because prices are very low and when the market begins to pick, you can then sell to make […]