Nigeria’s oldest surviving company and largest conglomerate, UAC of Nigeria (UACN) Plc is willing to acquire more companies as part of organic and inorganic growth strategies aimed at accelerating the growth of the widely diversified group. Group Managing Director, UAC of Nigeria (UACN) Fola Aiyesimoju said the conglomerate will explore acquisitions to hasten its growth […]
Tag: XNSA
Investors Lose N78.53bn as NSEASI Dips by -0.39% to Open the Week Negative
Tuesday April 06 , 202 1 / 0 3 : 59 PM / Proshare MARKETS / Header Image Credit: Proshare Markets Proshare Nigeria Pvt. Ltd. Equities market closed today on a negative note, as NSEASI depreciated by -0.39% to close at 38,766.61 basis points as against -0.33% depreciation recorded previously. Its Year-to-Date (YTD) returns currently […]
Equities trading closes negative as investors lose N78bn
Equities trading begins the week on a bearish trend as the Nigerian Stock Exchange All-Share Index dipped by 0.39 per cent in the session to close at 38,766.61 basis points on Tuesday. After the Easter break, the local bourse went southward to peg the market capitalisation at N20.283 trillion as investors shed N78 billion from […]
Nigerian stocks retreat for fourth day as funds chase securities promising higher yields
Nigerian stocks slipped for fourth straight trading day Tuesday by 0.39 per cent, in a rout led by blue-chip bank stocks as there were no hints yet as to when the gloomy climate over a market that lost N624 billion in the year to March would end. Yields in the fixed income market are healing […]
NSE: Market Resumes From Easter Holidays With N78bn Loss
Nigerian Stock Exchange NSE: Market Resumes From Easter Holidays With N78bn Loss The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due to persistent bearish trend, the News Agency of Nigeria reports. Specifically, the All-Share Index lost 150.13 points or 0.39 per cent to close […]
Nigerian stocks drift higher on bank gains but weak volume casts gloom
Nigerian sto stocks cks rose for the third straight day Friday, appreciating 0.17 per cent in the longest gaining streak last seen in more than a month as bank stocks again drove advance. The climb rested on buy pressure on the shares of Africa’s biggest wireless service provider MTNN and lenders GTB and Zenith. But […]
Nigeria: CBN Gets Order to Freeze 194 Accounts in 17 Banks
The Central Bank of Nigeria, CBN has secured three separate interim orders from a Federal High Court in Abuja to freeze bank accounts linked to 194 business entities and individuals in 17 banks. This was contained in a post by the apex bank on its website yesterday pursuant to the court order. The freeze orders […]
Exxon Mobil Corp. stock outperforms competitors on strong trading day
Company Logo Shares of Exxon Mobil Corp. XOM, +2.79% rallied 2.79% to $57.39 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.18% rising 1.18% to 4,019.87 and the Dow Jones Industrial Average DJIA, +0.52% rising 0.52% to 33,153.21. The stock’s rise snapped […]
Exxon Mobil Corp. stock outperforms competitors despite losses on the day
Company Logo Shares of Exxon Mobil Corp. XOM, +2.79% slumped 0.56% to $56.49 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, +1.18% falling 0.06% to 3,913.10 and Dow Jones Industrial Average DJIA, +0.52% falling 0.71% to 32,627.97. This was the stock’s second […]
Exxon Mobil Corp. stock underperforms Monday when compared to competitors
Company Logo Shares of Exxon Mobil Corp. XOM, +2.79% sank 0.10% to $60.87 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.52% rising 0.97% to 31,802.44 and the S&P 500 Index SPX, +1.18% falling 0.54% to 3,821.35. The stock’s fall snapped […]