By Dipo Olowookere The bulls extended their stay on the floor of the Nigerian Exchange (NGX) Limited on Wednesday following a 0.12 per cent growth, which was largely driven by MTN Nigeria, GTCO, Oando and Honeywell Flour Mills. Business Post reports that despite the positive outcome of the market, investor sentiment still remained negative as […]
Nigeria’s stock market was bearish all through last week, forcing the valuation of quite a number of equities to a lower point of depression. The last trickle of banks’ audited financials into the market was a mixed bag of improvement and setback in terms of performance and that had adverse implications for investors’ hunger to […]
Red Star Express Plc said it recorded a turnover of N9.46bn for the financial year ended March 31, 2021. In a statement made available to our correspondent on Monday, the company also said it recorded a profit before tax of N220.79m and a total of N150.07m as profit after tax. The logistics firm said it […]
September 27, (THEWILL) – Red Star Express Plc, has recorded a turnover of N9.46 billion for the financial year ended March 31, 2021. The company recorded a Profit Before Taxation (PBT) of N220.79 million and total of N150.07million as the Profit After Tax (PAT). In the year under review, Red Star Express Plc grew its […]
…others rely on cash flow to pay down debts. Nigeria’s largest telecommunications firm, MTN retained its position as the largest borrower on the stock exchange after it reported a total short- and long-term loan balance of N578 billion as of June 2021. MTN ranked higher than all the companies listed on the Nigerian stock exchange […]
[FILES] Stock market display The Nigerian stock market reopened for the month of September on a downturn, following sell-pressure in the shares of FTN Cocoa and 16 others, causing investors’ wealth to plunge further by N18 billion. Specifically, at the close of transactions on the Nigerian Exchange Limited (NGX) yesterday, the All-Share Index (ASI) dipped […]
By Dipo Olowookere The volume of transactions witnessed at the local stock exchange last week increased by 312 million units or 30.41 per cent to 1.338 billion units from 1.026 billion units. Business Post reports that these trades were valued at N8.7 billion executed in 19,830 deals compared with the preceding week’s N8.2 billion carried […]
Going the way of last week, the Nigerian stock market is expected to continue on weak performance. Analysts at Afrinvest Limited stated that “In the absence of positive catalysts, we expect the weak performance to persist this week.” Also, analysts at Cordros Securities Limited said that “In the week ahead, we anticipate cautious trading in […]
The Nigerian stock market, yesterday, closed transactions on a positive note to halt the bearish sentiment of two consecutive trading days, as capitalisation gained N382 billion. Market analysts stated that, the upturn was buoyed by buy-interest on blue-chip stocks of the industrial, consumer goods, and banking sectors. The All Share Index (ASI) increased by 733.30 […]
Investors lost N56 billion in value as the Nigerian equities market yesterday sustained its bearish performance to end the last trading day in August 2021 on decline. Sell pressures in highly capitalised stocks brought the market lower by 0.27 per cent as market capitalisation declined to N20.434 trillion. The All Share Index (ASI) fell by […]
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