By Dipo Olowookere It was a negative start to a new month at the Nigerian Exchange (NGX) Limited on Monday as investors embarked on profit-taking, causing the market to melt by 0.15 per cent. Business Post reports that the investor sentiment was negative yesterday as there were 32 depreciating stocks and 20 appreciating stocks, indicating […]
Tag: XNSA
Trading reverses on NGX, capitalisation up by N19bn
The nation’s bourse on Tuesday closed in green, reversing negative mood following buying interest in BUA Cement. Specifically, the market capitalisation inched higher by N19 billion or 0.09 per cent to close at N21.925 trillion from N21.906 trillion recorded on Monday. Also, the All-Share Index rose by 36.60 points or 0.09 per cent to 42,013.39 […]
Nigerian Stocks Rebound by 0.09% Amid Negative Investor Sentiment
By Dipo Olowookere Trading activities at the nation’s stock market closed slightly positive on Tuesday as bargain hunting on a few stocks took the Nigerian Exchange (NGX) Limited back to the bulls’ territory. Business Post reports that Nigerian stocks appreciated by 0.09 per cent yesterday, though investor sentiment remained weak as the market closed with […]
Stock Market Gains N19bn, 31 Firms Record Losses
Nigerian Stock Exchange Stock investors in the Nigerian Exchange Limited gained N19.11bn at the end of trading on Tuesday, despite negative sentiment in the market as 31 firms recorded losses as against 10 gainers. The NGX All-Share Index appreciated by 0.09 per cent to close at 42,013.39 basis points from 41,976.79bps on Monday, while the […]
Rak Unity to Transfer Unclaimed Dividends to Liquidation Account
By Aduragbemi Omiyale Ahead of its dissolution, Rak Unity Petroleum Plc has announced its intention to transfer all unclaimed dividends of shareholders into the companies liquidation account as required by the law. Rak Unity is preparing to wind up and according to the Companies and Allied Matters Act (CAMA) 2020 and the Companies Winding-up Rules, […]
NGX suspends four firms for market infractions, to delist three
The Nigerian Exchange Limited has suspended trading in the shares of four firms this year for falling short of regulatory criteria, even as it is in the process of delisting three firms. The NGX Regulation Limited said in a report that Chellarams Plc, Niger Insurance Plc, The Tourist Company of Nigeria Plc, and Thomas Wyatt […]
ICYMI! Speculators sold off FBNH, TransHot, IntBrew on Wednesday as investors lost N12.9m
Speculators in the local equities market again sold off on Wednesday as the share price of First Bank Holding declined marginally following the heavy activity on the stock in the course of the share purchase by Femi Otedola. Also, the sell pressure on Transcorp Hotels and International Breweries drove the NGX to a negative performance […]
Nigeria: Trading Commence On Positive Note As Airtel Africa, Total Nigeria, 25 Others Soar
Darasimi Adebisi Transactions on the stock market of the Nigerian Exchange Limited (NGX) yesterday commenced on a positive note as large and medium capitalised stocks appreciated. The market positive performance was driven by price appreciation in Airtel Africa Pl, Total Nigeria Plc, Unilever Nigeria Plc, PZ Cussons Nigeria Plc, and Guinness Nigeria Plc. The NGX […]
Otedola: First Bank’s shares rise 2.45% as SEC investigates
By Nkiruka Nnorom The share price of FBN Holdings Plc (First Bank Group) rose by 2.45 per cent yesterday to close at N12.55 per share amid controversy over who holds controlling interest in the bank. This comes as sources at the Securities and Exchange Commission, SEC, confirmed to Vanguard that SEC will undertake a review […]
Preline buys majority stake in Eterna
Preline Limited, an investment vehicle of RainOil Limited, has acquired 60.98 per cent stake in Eterna Plc in a deal consummated on the Nigerian Exchange Limited on Friday. According to a statement, information from the Nigerian Exchange Limited revealed that the transaction involved the crossing of a total of 794,969,774 shares of Eterna in an […]