Miscellaneous sector was the best performer on the Dhaka Stock Exchange (DSE) in 2021, showing 116 per cent return while the jute sector was the worst loser, shedding 28 per cent. The sector, which comprises 14 companies, generated the highest return, led by Bangladesh Export Import Company (Beximco), which posted a 176 per cent gain […]
Tag: XNSA
Shares of Berger Paints rise as Nifty gains
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a ‘buy’ signal, giving an edge to the bulls. Shares of Berger Paints NSE 0.77 % (India) Ltd. gained 0.59 per cent to Rs 781.0 in Tuesday’s trade as of 12:02PM (IST). It hit a high of Rs […]
Nigerian stocks add N172 billion hit five-week peak
Nigerian stocks Nigerian stocks upped by 0.77 or N171.7 billion on Tuesday, an auspicious start for trade in the new year, even though there are still concerns around the chronically depressed levels of trade volume, which crumbled by more than half compared to that of Friday By the agency of gains recorded by BUA Cement […]
LCCI: Nigeria May Exceed N6.25trn Budget Deficit in 2022
Dike Onwuamaeze The Lagos Chamber of Commerce and Industry (LCCI) has warned that the federal government’s deficit financing in 2022 might exceed the projected N6.25 trillion due to low public revenue mobilisation in the economy. The LCCI made this observation during its 133rd Annual General Meeting (AGM), where it attributed the weak component of the […]
Stock Market To Close 2021 Positive
Stock market analysts stated that the market may close positive this week as the year 2021 comes to an end. The week is going to have a three-day trading session as the federal government declared Monday and Tuesday December 27th and 28th, 2021 as public holidays to mark Christmas and Boxing Day celebration. Analysts Optimism […]
Profit Takers Crash NGX ASI to 41,807.10 points, Market Cap to N21.822trn
By Dipo Olowookere The Nigerian Exchange (NGX) Limited significantly declined on Wednesday after the Christmas holiday on the back of profit-taking. It was the first trading session of the week as a result of the holidays observed on Monday and Tuesday. The market went down by 1.08 per cent yesterday as investors offloaded some large-cap […]
How Investors Traded N13.2bn Equities in Three Days to New Year
By Aduragbemi Omiyale The last three trading sessions of 2021 on the floor of the Nigerian Exchange (NGX) Limited were mixed as the market closed positive for two days and negative for a day. The exchange operated for only three days as a result of the public holidays observed last Monday and Tuesday for the […]
Lafarge, Others Join Meristem Value Index as FBN, Honeywell Exit
By Dipo Olowookere Nigerian Exchange (NGX) Limited has rejigged its market indices, with some companies leaving and joining, according to a statement made available to Business Post . It was stated that the review became effective from Tuesday. January 4, 2022, and the affected indices are the NGX 30, NGX Lotus Islamic, NGX Pension, Corporate […]
Nigerian stocks rebound with N51 billion gain
Nigerian stocks Exchange Nigerian stocks inched up 0.2 per cent or N50.7 billion on Friday, almost completely wiping out the loss recorded at the preceding session, a broad-based advance aided by gains from food and beverages, banking and industrial goods sectors’ shares. International Breweries, United Bank for Africa and Dangote Cement led the climb, with […]
Neimeth Grows FY Profit to N270.6m on Decline in Borrowings
By Dipo Olowookere The financial statements of a leading pharmaceutical company in Nigeria, Neimeth International Pharmaceuticals Plc, for the year ended September 30, 2021, have been released. An analysis of the results by Business Post showed that in the year under review, the firm improved its turnover by 10.7 per cent to N3.1 billion from […]