Arbico Plc released its earnings forecasts for the fourth quarter ending 31st of December, 2021. Revenue was projected at N1.1 billion. Cost of sales projection of N658.5 million Finance income was projected at N1.67 million Total expenses projection of N401.85 million. Tax was projected at N20.97 million Profit for the period was projected N44.56 million. […]
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Investors earn N382m as equities market halts bearish strides
On Wednesday, the Nigerian equities market halts the bearish trend as gains from high capitalised stock lift the market to a positive close. Despite trading in the negative zone for most of the day, late interest in bellwethers such as Nestle Nigeria, Dangote Cement and Presco ensured the market ended in the positive territory. Precisely, […]
Nigerian stocks surge to six-week high, gain N382 billion
Nigerian stocks exchange. Nigerian stocks made a resounding rebound on Wednesday, climbing 1.89 per cent in its biggest performance in many days, which saw equities generally appreciate by N382 billion. The benchmark index touched its peak since August 19, drawing support from investors’ vast demand for the shares of FBN Holdings, Nestle and Dangote Cement. […]
Dangote Cement Plc share price rise by 6.53%, gain N272.65 billion
Buy-interests in Dangote Cement Plc shares today led to a gain of N272.65 billion in market value as positive sentiments around the shares of the cement maker triggered a 6.53% growth in share price at the close of trading activities on the Nigerian Stock Exchange. At the close of the market today, data revealed that […]
Stocks worth over one trillion maintain N13.84 trillion market capitalization from previous week
SWOOT The bears and the bulls of the combined market capitalization of stocks worth over one trillion (SWOOT) remained at an impasse at the end of the week as they maintained their previous weeks market capitalization of N13.84 trillion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc. MTNN […]
NGX: Dangote Cement, Access stocks halt bearish trend
The Nigerian Equities Market halted its three days negative outing to close on a positive note, owing to bargain buying in Dangote Cement and Access Bank shares. On Thursday, the All Share Index of the Nigerian Exchange Limited (NGX) inched up by 0.17 per cent to bring the bourse at 39,252.19 basis points. This outing […]
NGX All Share Index gains 0.06% as UPDC, UCAP top week gainers
Nigerian Stock market closed the week on a slightly positive note as the performance index, All-Share Index recorded a marginal growth of 0.06% to close at 38,943.87 points on Friday, 17th September 2021 compared to 38,921.78 points recorded as the end of the previous week. This is contained in the weekly market report , for […]
NGX opens week negative, down by N3bn
Trading at the domestic bourse started the week on Monday still on negative mood, taking the bearish sentiment to six consecutive trading sessions. The price depreciation was due to profit-taking sentiments in all the major sectors except the consumer goods and banking sectors. Specifically, the All-Share Index shed 6.16 points or 0.02 per cent to […]
Lafarge Africa tops PWR NGX Top 20 gender diversity scorecard
Lafarge restates commitment to human capital developing in Nigeria Lafarge Africa Plc, a leading solutions provider in the construction industry and a member of the Holcim Group, has again been recognised for its outstanding performance in gender inclusion and diversity within its ranks. The company has 45.5per cent of the seats available at the board […]
Cement Companies H1 2021 Results: Paving New Paths
Thursday, September 23, 2021/7:05 PM/By Adaeze Nwachukwu, Proshare Research/Header Image Credit: EcoGraphics Proshare Nigeria Pvt. Ltd. The cement market rebounded in H1 2021 Post COVID-19, supported by increase demand despite the reduction in real disposable income. The H1 2021 performance of the major players in the product market supports this argument. Going Technical The technical […]