Kayode Tokede The stock price of Dangote Cement Plc hits 2022 high yesterday amid the management proposed plans to repurchase 170,003,074 ordinary fully paid-up ordinary shares of 50kobo each from shareholders in the second tranche of its share buyback programme. The buyback presents one per cent of the currently issued shares. Bullish sentiments returned to […]
*Record 20% growth By Nkiruka Nnorom Eight companies listed on the Premium Board of the Nigerian Exchange Limited (NGX), otherwise known as elite issuers, account for 49.2 percent of the total equities market capitalization at the end of 2021. The companies, which also comprise some of the most capitalized stocks in the Exchange, recorded 20.1 […]
The combined market capitalization of the stocks worth over one trillion (SWOOTs) appreciated by 1.88% to close at N17.06 trillion from N16.75 trillion the previous week, reflecting a gain of N315.49 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS. Stock Performance Nestle Nig Plc […]
The list of Nigerian most valuable bank for 2021 has been revealed with Guaranty Trust Bank and Zenith bank leading the list The value of the banks were calculated using how much was added to their total share price as at Friday, December 31, 2021 Nigerian banking sector stocks remains one of the most traded […]
At the Nigerian Exchange Limited (NGX), on Tuesday, the benchmark index recouped previous day loss as a result of renewed bargain hunting activities. Specifically, the overall sentiments was buoyed by bargain buying in BUA Cement and BUA Foods stocks as the respective shares appreciated by 2.0 per cent and 4.2 per cent. Thus, the All-Share […]
The domestic equity market index Tuesday continued its bearish run declining by 6.14 basis points to close at to 42388.57 points, down from 42394.71 points traded the previous day. Market capitalisation of listed equities droped slightly by N3 billion or 0.01 per cent to N22.125 trillion from N22.128 trillion reported on Monday. Investors’ traded 275.930 […]
Equities trading at the Nigerian Exchange Limited (NGX) on Monday was bearish as negative outing by some high capitalised stocks pushed the market lower. Specifically, the benchmark index dipped by 0.12 per cent to peg the All Share Index (ASI) at 44,399.66 basis points, bringing both the month-to-date and year-to-date outings to stand at 3.94 […]
Analysts from securities companies are optimistic of stock market uptrend this week on Dangote Cement Plc shares buy-back programme and positioning for 2021 full year financial results. Analysts Optimism Analysts at Cowry Assets Management Limited say they expect the equities market index to further rise as investors buy more shares, especially Dangote Cement Plc, as […]
The Nigerian Stock Exchange ended the week on a negative note as the value of shares traded last week reduced compared to the previous week. The value of shares traded last week dipped to N59.014 billion after investors paid for 2.027 billion shares in 15,750 deals the previous week. Naija News reports that this is […]
Nigerian stocks Nigerian stocks rose 0.58 per cent on Tuesday to reverse the loss reported the session before as bank stocks led by Ecobank Transnational Incorporated, GTCO and Access Bank as well as Dangote Sugar. Investors’ stronger risk appetite means trade volume scaled up by 10 per cent. BUA Foods was honoured with a closing […]
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