Johnson Okafor The Nigerian equity market, on Thursday, sustained its positive outlook for the third trading session as the All-Share Index and the market capitalisation rose further by 0.11 per cent. The market breadth closed positive as the number of gainers at the close of trading session was 32 while decliners were 16. The ASI […]
Tag: XNSA
Stock Investors Gain N375bn As Market Cap Hits N20.28trn
Nigerian Stock Exchange Stock Investors Gain N375bn As Market Cap Hits N20.28trn Transactions in the equities market, on Wednesday, sustained bullish rally as the Nigerian Stock Market All-Share Index appreciated by 2.40 per cent. The market breadth closed positive with 26 gainers against seven losers. The ASI grew by 910.13 basis points from 37,893.61 index […]
Lender Vector Capital Targets GBP16 Million Market Cap Amid AIM Float
(Alliance News) – Commercial lending firm Vector Capital PLC on Monday outlined plans for a GBP3.1 million initial public offering on London’s junior AIM market. Vector, which provides secured loans to businesses based in the UK, said it plans to raise the cash through a placing of 8.1 million shares at 38 pence each. Admission […]
Stock market closes first trading week bearish as index dips by 0.37%
[files] Nigerian Stock Exchange (NSE). Photo: THEAFRICAREPORT The local bourse ended the first trading week of 2021 on a bearish note, as losses recorded on the second and last trading days eroded gains from the other trading sessions. The All-Share Index (ASI) and market capitalisation depreciated by 0.37 per cent to close the week at […]
Dangote Cement, Lafarge drag Industrial Index up by 2.84% to close the second week in green
The Nigerian Stock Exchange Industrial Index appreciated by 2.84% during the week to close at 57.03 index points higher, as shares of Dangote Cement, Lafarge, WAPCO dragged the index to close the second week of 2021 higher, amid renewed buying interest by local investors. Checks by Nairametrics revealed that the NSE Industrial index, as of […]
Q4 2020 Macroeconomic and Markets Report – Growth Expectations Remain Gloomy for Nigerian Economy
Wednes day, January 1 3 , 202 1 / 3:36 P M / By Comercio Partners Asset Mgt / Header Image Credit: Ken Research Proshare Nigeria Pvt. Ltd. Report Summary The Macroeconomy Growth expectations for the Nigeria economy remains gloomy. Headline inflation inched up further, on the back of an uptick in the food subindex. […]
Flour Mills Nigeria gain N28 billion on NSE in 10 trading days
Shares of Flour Mills Nigeria Plc, Nigeria’s leading food business company, have gained N28 billion on the Nigeria Stock Exchange, in just 10 trading days this year. After a preview of the performance of the shares of Flour Mills, Nairametrics discovered its shares increased by 26.15% within the review period. The increase witnessed in the […]
Dangote Cement Buys Back N9.8bn Worth of Shares
Dangote Cement Plc has bought back 40.2 million shares for N9.77 billion during the first tranche of its share buyback programme. The company said in a statement that the first tranche of the share buyback programme commenced on December 30, 2020 and ended on December 31, 2020, on the open market of the Nigerian Stock […]
Dangote Cement buys 40.2m shares in first tranche of buyback programme
By Charles Abuede Dangote Cement, one of Nigeria’s most capitalised companies in the country’s stock exchange, said it had concluded the purchase of 40.2 million shares in the first tranche of its planned share buyback programme. The programme will see the African largest cement producer largely owned by Africa’s richest man, Aliko Dangote, repurchase more […]
Dangote Cement Plc Completes Tranche 1 of Its Share Buy Back Programme
Proshare Nigeria Pvt. Ltd. Dangote Cement Plc ("DCP" or the "Company") hereby announces the completion of the first tranche ("Tranche I") of its share buy-back programme (the "Share Buy-Back Programme") which was announced on 21 December, 2020. Relevant details of this Tranche I are set forth below: Proshare Nigeria Pvt. Ltd. Following the conclusion of […]