The combined market capitalization of the stocks worth over one trillion (SWOOT), depreciated by 0.56% to close at N13.92 trillion from N14.00 trillion the previous week. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc. Of the 5 stocks, only Dangote Cement depreciated by 1.8% to close at N245.00 […]
Tag: XNSA
Stocks worth over one trillion lose N131.54 billion in market cap
The combined market capitalization of the stocks worth over one trillion (SWOOT) depreciated by 0.95% to close at N13.79 trillion from N13.92 trillion the previous week, reflecting a loss of N131.54 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc. Of the 5 stocks, only Airtel Africa Plc […]
Chemical and Allied Products Plc Lists 88.25m Additional Shares; NGX Delists Portland Paints
We refer to our Market Bulletin of 1 July 2021, with reference number: NGXREG/LRD/MB22/21/07/01, wherein the market was notified of the suspension placed on trading in the shares of Portland Paints and Products Nigeria Plc (Portland Paints) as a result of the Scheme of Merger between Chemical and Allied Products Plc (CAP Plc) and Portland […]
Walton, Berger, ICB asked to raise free float shares to 10pc
The Bangladesh Securities and Exchange Commission on Sunday asked Walton Hi-Tech Industries, Investment Corporation of Bangladesh and Berger Paints Bangladesh to offload more shares on the market to raise their free float shares up to 10 per cent. The BSEC issued three separate letters to the companies in this regard on the day. According to […]
Share prices of three large cap companies drop
Share prices of three large-cap companies on Monday declined significantly a day after the securities regulator asked them to increase free float shares up to 10 per cent of their paid-up capitals. On the day, the companies topped the chart of top 10 losers after losing share prices ranging between 6.13 per cent and 8.66 […]
Berger Paints declines 1.42% as Sensex slides
MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. Shares of Berger Paints NSE -1.12 % (India) Ltd. traded at Rs 828.3 on BSE at 11:44AM (IST) on Monday, down 1.42 per cent from previous close. The stock quoted a […]
Stock trading volume crashes by 78%, investors lose N51bn
Stock market activities on Monday declined as trading volume and value of shares dropped by 77.99 per cent and 73.49 per cent respectively, with investors losing N51.03bn as trading ended. The Nigerian Exchange Limited, formerly Nigerian Stock Exchange All-Share index dropped by 0.25 per cent to close at 38,864.33 basis points from 38,962.28bps. The market […]
Nigerian stocks reverse gain as trade volume plunges 78%
NGX trading floor Nigerian stocks cringed by 0.25 per cent on Monday as trade volume crashed by more than three-fourths, stoking fears as to when lasting buoyancy will return to the market. BUA Cement and GTCO, two heavyweight equities, triggered the pullback, which in monetary terms equalled N51 billion. “We expect the market to remain […]
NGX opens week negative, down by N3bn
Dealers at the Nigerian Stock Exchange By Chinyere Joel-Nwokeoma 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 […]
Loses in Chams, International Breweries Drives Stock Market Lower
Eromosele Abiodun The Nigerian equities market closed lower at the close of trading yesterday as the Nigerian Exchange Limited (NGX) All-Share Index or ASI, which sjows the direction of the market decreased by 0.12 per cent to close at 39,204.52pts. Yesterday’s performance was mainly due to the losses recorded in SCOA Nigeria Plc (-9.72%), VERITASKAP […]