The Indian stock market ended the fiscal year 2019 on a positive note on, with frontline indices rallying more than 15 percent. Indian equities are set for a positive start on Monday, tracking gains in the Asian markets. On Friday, the 30-share BSE Sensex gained 127.19 points to close at 38,672.91 while Nifty50 rose 53.90 […]
By Dipo Olowookere A total turnover of 3.544 billion shares worth N20.264 billion in 19,130 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 2.629 billion shares valued at N12.794 billion that exchanged hands the previous week in 15,558 deals. In the […]
Dalal Street has turned red in the afternoon session with Nifty shedding 37 points trading at 11,628 while the Sensex is down 88 points and is trading at 38,773. Nifty Energy shed over half a percent dragged by HPCL which is down over 3 percent followed by BPCL, Indian Oil Corporation, Reliance Industries and GAIL […]
Aluminium sheets produced by First Aluminium Nigeria Plc The Board of Aluminium Extrusion Industries Plc has recommended the payment of a final dividend of 8.5 kobo per 0.50 kobo ordinary shares. In a statement sent to the Nigerian Stock Exchange, the company also disclosed that the Register of Shareholders will be closed from Monday, June […]
By Modupe Gbadeyanka The fortune of Lagos-based lottery/gaming company, Secure Electronic Technology (SET) Plc has continued to dwindle and urgent efforts are needed to salvage the situation before things get out of hand. Last week, the company released its financial scorecard for the 2018 financial year and the numbers were not encouraging. Apart from the […]
Feyisayo Popoola The Nigerian Stock Exchange has lifted the suspension of trading in the shares of Thomas Wyatt Nigeria Plc. The NSE, in a statement on Monday, referred to its Market Bulletin dated November 1, 2018, which notified the public of the suspension of six listed companies for non-compliance with the rules for filing of […]
The Nigerian Stock Exchange ended Friday’s trading session in positive territory. The All Share Index closed at 29.616.38 basis points, up 0.21%. Year to date, the index is up 5.77%. Top Gainers and Losers First Aluminium Plc was the best performing stock today. The stock gained 10% to close at N0.33. Chams Plc gained 9.09% […]
Goddy Egene The Nigerian equities market sustained its downward trend, recording the largest single week decline since September 2018. Despite an increase in value and volume trading, the Nigerian Stock Exchange (NSE) depreciated by 4.6 per cent to close at 29,616.38, while market capitalisation shed N547 billion to close N11.124 trillion. Consequently, the year-to-date decline […]
Nigeria oil. Picture: REUTERS/AKINTUNDE AKINLEYE The auditor of Nigerian oil and gas producer Oando Plc has questioned the company’s ability to remain in business as it continues to incur losses and struggles with a heavy debt burden. Oando, which is listed on the JSE and Nigerian Stock Exchange, recorded losses of 18.3-billion naira (R720.4m) for […]
Oando head office Integrated energy solutions provider, Oando Plc has cut down its debt by over 70% in four years. The company disclosed this following the release of its full-year audited 2018 results last week. Here are highlights of the results Revenue Revenue for the period was N679.5 billion, an increase of 37% compared to […]
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