By Charles Abuede Sentiments were dampened in the Nigerian equities market on Tuesday owing to profit-takings on top stocks that posted their biggest wins in the previous year, forcing the local bourse to retreat to a bearish stance on the second trading day of the week and the year. It offered strong indications that the […]
The last week of December 2020 was another brief trading week as the federal government of Nigeria declared Monday, 28th December 2020 and Friday, 1st January 2021 as Public Holidays to celebrate Boxing day and the New Year respectively. Meanwhile, a total turnover of 1.806 billion shares worth N25.966 billion in 14,634 deals was traded […]
Shares of Exxon Mobil rose 3.53% to $45.03 at 14:37 EST on Wednesday, after two successive sessions in a row of gains. NYSE Composite is rising 2.28% to $14,868.14, following last session’s upward trend, This seems, so far, an all-around positive trend trading session today. Exxon Mobil’s last close was $43.50, 56.10% below its 52-week […]
Johnson Okafor The Nigerian equity market, on Thursday, sustained its positive outlook as the All-Share Index and market capitalisation rose further by 0.3 per cent. However, market breadth closed positive with 27 gainers against 14 decliners. The ASI gained 125.7 basis points or 0.3 per cent to close at 40,590.85 index points as against 40,465.15 […]
Goddy Egene Investors staked N7.51 billion on 2.13 billion shares in 4,558 deals yesterday at the stock market as the bulls continued to dominate trading. The value of trading soared by 755 per cent compared to 249.545 million shares exchanged for N2.184 billion in 6,090 deals the previous day. Champion Breweries Plc was the most […]
By Charles Abuede Persistent buying sentiment aided the positive performance witnessed in Thursday’s session at the Nigerian Stock Exchange, particularly in the oil & gas and banking sectors. At the close of trading, the domestic equities market sustained the previous day’s gain, rising 31 basis points to settle at 40,490.85 points. The positive performance was […]
The Nigerian Stock Exchange (NSE) has made its annual full year review of the market indices which includes: the NSE 30, NSE Lotus Islamic, NSE Pension, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index and the five sectoral indices comprising the NSE Banking, NSE Insurance, NSE […]
Cutix Plc has projected that in the fourth quarter of its financial year 2021, its revenue will double and profit will increase by 9% to N148 million. These projections were made by the company in a recent earnings forecast issued by the Management, and signed by the Company’s CEO and CFO. Key highlights of the […]
THE deposits mobilized by banks in the country increased by 10.1 per cent to 21.41tri/- in quarter ending September from 19.45tri/- recorded in the corresponding quarter in 2019. According to the Central Bank’s Consolidated Zonal Economic Performance Report the deposits mobilization increased across all zones with the exception of Central and Northern zones. The highest […]
On Wednesday, Access Bank said the merger of Cavmont into Access Bank Zambia will hold before the end of January 2021. The management of Access Bank Plc has said its Zambian subsidiary has completed the acquisition of Cavmont Bank Limited. The bank said the acquisition followed the fulfillment of key conditions, including regulatory approvals. Access […]
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