Nigerian stocks saw their combined market value fall by N391.32bn at the end of trading on Thursday as Dangote Cement Plc and 14 others recorded price losses. The NGX All-Share Index dropped by 1.77 per cent to close at 41,685.22 basis points, while the market capitalisation slumped by N391.32bn to N21.75tn. The market activities on […]
By Dipo Olowookere A total of 965.1 million shares worth N12.5 billion exchanged hands in 14,802 deals last week compared with the 1.3 billion shares worth N15.3 billion exchanged in 18,292 deals a week earlier. Trading in UACN, FBN Holdings and Sovereign Trust Insurance accounted for 378.6 million units valued at N3.3 billion transacted in […]
The Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, occasioned by losses in many highly capitalised stocks, especially BUA cement and MTNN, causing market capitalisation to decline by N238 billion. The market resumed trading activities yesterday, after the Yuletide holidays declared by the Federal government on Monday and Tuesday, December 27th and 28th, 2021 […]
A total of seven companies delisted their shares from the Nigerian Exchange Limited (NGX) in 2021, up from five recorded in 2020. On the other hand the stock market recorded listing of four companies, up from one in 2020. The delisted companies include 11 Plc, Evans Medical Plc, Nigeria-German Chemicals Plc, Roads Nigeria Plc and […]
Last week, the valuation of stocks on the Nigerian Exchange rose by 1.16 per cent as more fund chased shares in affirmation of investors’ faith that the market could still deliver good yield beyond the earnings season. The market has returned 5.17 per cent year to date and there are possibilities that that will be […]
The combined market capitalization of the stocks worth over one trillion (SWOOTs) depreciated by 2.84% to close at N15.39 trillion from N15.84 trillion the previous week, reflecting a loss of N449.36 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc. Stock Performance Airtel Africa Plc – N955.00 Airtel […]
SWOOT The combined market capitalization of the stocks worth over one trillion (SWOOTs) appreciated by 2.03% to close at N15.37 trillion from N15.06 trillion the previous week, reflecting a gain of N305.55 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, and MTNN Plc. Stock Performance: Dangote Cement Plc – N255.00 […]
December 25, (THEWILL) – Nestle Nigeria Plc had a good third quarter (Q3) 2021 report (July – September). However, the aching spot of high finance cost has lingered since the year. This would, inexorably, impact on the bottom line and further lower the dividend graph that almost hit the bottom of the trough in 2020. […]
At the end of today’s trading session, Honeywell Flour Mill Plc share price appreciated by 1.47% to close at N3.45 per share, taking the market capitalization from N26.96 billion to N27.36 billion. Honeywell Flour Mill Plc, today recorded an increase in share prices which can be attributed to investors’ positive sentiment which triggered buy-interests in […]
The Nigerian Investment Promotion Commission (NIPC) approved the pioneer status incentive (PSI) applications of eight companies in the third quarter of 2021. The commission said this in its PSI report published on Friday. Industries that qualify for the PSI are exempted from paying company income tax for an initial period of three years with the […]
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