Still facing a bout of profit-taking, this time on a muted level, Nigerian stocks saw mixed fortunes of rising and falling in the week that just went by, with the benchmark index depreciating on Monday, Tuesday and Thursday, while ascending on the remaining two weekdays. With the earnings season is already here, few corporations issued […]
By Obas Esiedesa Two years after it imposed sanctions on Oando Plc, the Securities and Exchange Commission, SEC, on Monday said it has reached a settlement over with the indigenous oil company “in the overriding interest of the shareholders of the company and the capital market”. The Commission in a Circular released in Abuja and […]
The Nigerian Exchange (NGX) closed trading on Friday with a growth of N42 billion due to renewed confidence. Speficially, the market capitalisation inched higher by N42 billion or 0.21 per cent to close at N19.771 trillion from N19.729 trillion recorded on Thursday. Also, the All-Share Index, which opened at 37,866.90 rose by 80.28 points or […]
Nigeria’s stock exchange market closed today’s trading session posting gains that increased the index by +80.28 points. The All-Share Index increased by +0.21% closing at 37,947.18 from 37,866.90 index points. • The stock exchange market value currently stands at N19.78 trillion. Its Year-to-Date (YTD) returns currently stands at -5.77%. • The market breadth closed positive […]
The Nigerian equities market made a rebound on Wednesday from the loss it made on Tuesday with a gain of about N8 billion as a result of buying interest in MTN Nigeria (+0.6%), Total Energies (+6.1%) and First Bank Holding (+0.7%). The benchmark index therefore rose 0.04 percent to 37,872.55 points, and the market year […]
The stock exchange market made a bullish trend at the end of yesterday’s trading session posting gains that increased the index by +15.31 points. The All-Share Index increased mildly by +0.04% closing at 37,872.55 from 37,857.24 index points. • The stock exchange market value currently stands at N19.73 trillion. Its Year-to-Date (YTD) returns currently stand […]
Nigerian stocks scraped a paltry 0.04 per cent gain Wednesday to post their first appreciation this week. The climb rode on the back of appreciation in the shares of MTN and energy heavyweight Total. The size dwindled a little from the figure reported the session before , raising concerns about the liquidity crisis that has […]
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also important to track these announcements to know who is eligible to collect the dividend, when it will be approved and when it will be paid. Dividend payment also affects […]
Nigerian stocks fell a little on Thursday, trading down 0.02 per cent as sell-offs in the shares of GTCO and Oando helped set in motion a loss in the sum of N4 billion. The development followed two straight days of gain by the bourse, which has now fallen by 5.89 per cent so far this […]
The expectation of banks’ half-year earnings drive the all-share index up 0.22 per cent. Nigerian stocks were up 0.22 per cent on Wednesday, on course for another week of positive return, as traders and investors continued to shift their gaze to some of the big bank stocks to take strategic positions ahead of the release […]
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