By Dipo Olowookere The Nigerian Exchange (NGX) Limited further closed bearish on Wednesday by closing 0.34 per cent lower on the back of sustained selling pressure. Business Post reports that shares in the banking, energy and industrial goods sectors were the major cause of the decline suffered by the local bourse at the midweek session. […]
By Dipo Olowookere The year 2021 on the floor of the Nigerian Exchange (NGX) Limited was interesting because of some intrigues that occurred, especially towards the end. The year closed with a shocker when it was announced that a two-year-old bank, Titan Trust Bank, was acquiring a 104-year-old Union Bank of Nigeria. This was not […]
By Dipo Olowookere The last trading session of 2021 on the Nigerian Exchange (NGX) Limited ended on a high note with a 2.16 per cent growth on Friday, December 31. The growth recorded by Nigerian stocks was triggered by bargain hunting in Nestle Nigeria, MTN Nigeria and a few other blue-chip equities on the trading […]
The Securities and Exchange Commission (SEC) has given its authority to proceed with the proposed Mandatory Takeover Offer (MTO) for One Billion, One Hundred and Ninety-Six Million, Seven Hundred and Ninety-Nine Thousand, One Hundred and Sixty-Four (1,196,799,164) ordinary shares of Champion Breweries Plc (the Company) at N2.60 per share by The Raysun Nigeria Limited. The […]
Preparations for Yuletide have continued to take a toll on the equities sector of the Nigerian Exchange Limited (NGX) as investors’ wealth depreciated further by N7 billion. Specifically, the All-Share Index declined by 13.74 per cent, representing a decrease of 0.03 per cent, to close at 42,230.48 points. Similarly, the overall market capitalisation value lost […]
The local bourse records bearish turn, on Wednesday, after two days of public holiday leaving the benchmark index 1.08 per cent lower. Basically, the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) shed 1.08 per cent to peg at 41,807.10 basis points. This brought the month-to-date and year-to-date outings of the All-Share Index to […]
By Dipo Olowookere The poor performance of FBN Holdings Plc in the third quarter of 2021 weakened its profit in the first nine months of the year by 40.2 per cent, analysis of the company’s financial statements by Business Post showed. The results filed to the Nigerian Exchange (NGX) Limited revealed that in the period […]
At the end of the year 2021, the Nigerian equities market appreciated by 6.07 per cent, despite the decline recorded in the Foreign Portfolio Investments (FPI), which has major impact on the market, among other catalysts. The benchmark index of the Nigerian Exchange (NGX) Limited, the All-Share Index (ASI), at the close the year 2021 […]
Heightened political tension weakens market indices by 0.53% The year 2021, like most other years, brought enchanting developments to Nigeria’s capital market (NCM), especially as the COVID-19 pandemic seemed far from over. The country’s stock market had in 2020 witnessed closure of companies and offices which caused the postponement of annual general meetings (AGMs) of […]
By Dipo Olowookere The Nigerian Exchange (NGX) Limited depreciated on Thursday by 1.77 per cent on the back of profit-taking in the shares of UPDC, Dangote Cement and 13 others. The duo lost 10.00 per cent each yesterday to close at N9.00 and N252.00 respectively, while Neimeth went down by 6.86 per cent to N1.63, […]
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