The Nigerian equities market yesterday closed transaction on a negative note by shedding N25 billion to halt the five consecutive days gaining streak, as the Central Bank of Nigeria (CBN) held all policy parameters unchanged. The downturn was due to investors’ sell-off sentiment in some bellwether stocks, as the market awaits the release of more […]
Investors lost N360bn on Tuesday at the end of trading on the floor of the Nigerian Exchange Limited as the stock market extended its decline. The NGX All-Share Index fell by 1.81 per cent to close at 37,847.07 basis points from 38,545.3bps on Monday, while the market capitalisation dropped to N19.73tn from N20.09tn. A total […]
The Federal High Court has granted an order sanctioning the merger between Chemical and Allied Products Plc (CAP Plc) and Portland Paints and Products Nigeria Plc, effective from 1st of July, 2021. This is according to a disclosure signed by the Managing Director of Portland Paints, Bolarin Okunowo and sent to the Nigerian Exchange Group […]
The Nigerian stock market gained N290bn at the end of trading last week as the All-Share Index of the Nigerian Exchange Limited rose by 1.48 per cent to 38,212.01 basis points. The market capitalisation increased to N19.92tn on Friday from N19.63tn the previous week. According to Cordros Research, buying interest in Nestle Nigeria Plc and […]
Some analysts think banks will wait until the year-end to declare special dividends When will banks start to pay out? Dividend forecasts and price targets for several FTSE 350 banks have been hiked by Goldman Sachs , UBS and other analysts ahead of what should be an eventful few weeks for the sector. The Bank […]
The Nigerian stock market recorded a loss last week as the market capitalisation of equities fell below N20tn. The Nigerian Exchange Limited All-Share Index depreciated by 0.57 per cent to close the week at 37,994.19 basis points compared to 38,469.87 the previous week. Tier-one banks, including Access Bank Plc, United Bank for Africa Plc and […]
Following gains by some blue-chip stocks, the Nigerian Exchange (NGX) Limited sustained an uptrend trend yesterday, pushing the market capitalisation to close at N20.027 trillion. The All-Share Index (ASI) grew by 198.03 absolute points, representing an increase of 0.52 per cent to close at 38,418.04 points. Similarly, the overall market capitalisation value gained N104 billion […]
A file photo shows a man looking at a computer monitor displaying the stock prices at a brokerage house in Dhaka recently. Dhaka stocks in the past week advanced for the fourth week as investors continued buying shares, especially those of textile and pharmaceutical companies.— New Age photo Dhaka stocks in the past week advanced […]
The bears returned to the Nigerian equities market during the week ended Friday, 18th June 2021 after two consecutive weeks of gains. Investors in Nigeria’s stock market lost about N266 billion as the market capitalisation declined by 1.3% to close at N20.14 trillion. This is according to the weekly stock market report released by the […]
Nigerian stocks saw further slide on Monday, shedding 0.19 per cent as traders continued to make profit-taking efforts, heaping more pressure on equities that fell by more than half a trillion in the week that just went by. Sell-offs in the shares Airtel Africa, Zenith and FBN Holdings weighed most on performance. Market breadth, which […]
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