(Ecofin Agency) – Over the 7 operation days closing on Dec 24, the value of Dangote Cement has jumped by 605 billion naira on the Lagos Stock Exchange, data provided by Capital IQ showed. This increase has supported the company’s stock performance with a stock that was already up 72.5% since the year started. The […]
The capital market rides the bulls in 2020. Through the roughshod of the global crude oil slump, COVID-19 pandemic, tough macroeconomics and domestic recessions marked with galloping prices and unrests, the capital market shows reverent resilience and fills the gaps with positives in a year marked with global and national anxieties. Deputy Group Business Editor/Capital […]
The company will repurchase as much as 10% of the issued capital starting with a first tranche of 85.2 million shares of 50 kobo each, or 0.5% of the total in issue, it said in a filing to the Nigerian Stock Exchange on Monday. The purchase will be done in the open market on Dec. […]
WorldStage Newsonline– Trading on Nigerian Stock Exchange maintained a downward trend for the fifth consecutive trading days with the All-Share Index declining by 0.89 per cent. The index lost 306.52 points or 0.89 per cent to close at 34,250.74 from 34,557.26 posted on Thursday. Similarly, the market capitalisation of listed equities dipped N171 billion to […]
In the latest released NSE Domestic & Foreign Portfolio Investment for October, total value traded surged in line with expectations as value grew 81.5% m/m to N244.9bn (US$634.6m) in October 2020 from N135bn (US$350.6m) in September 2020. Activity level among domestic investors grew 71.9% m/m to N163.18bn (US$422.8m) while foreign investor transactions surged 104.0% m/m […]
Dangote Cement, owned by Africa’s richest man, Aliko Dangote, plans a buyback of the company’s shares next week to boost shareholder value. The company will repurchase as much as 10% of the issued capital starting with a first tranche of 85.2-million shares of 50 kobo each, or 0.5% of the total in issue, it said […]
Nigerian Stock Exchange Equity Market Gains N214bn On Blue Chip Firms Equity trading on the floor of the Nigerian Stock Exchange on Wednesday closed on the positive note with a gain of N214bn as the bulls sustained grip on trading activities. The market performance indices, the NSE ASI appreciated by 1.03 per cent with market […]
Specifically, the market capitalisation shed N38 billion or 0.21 per cent to close at N18.327 trillion from N18.365 trillion achieved on Friday. Also, the All-Share Index which opened at 35,137.99 lost 73.63 points to close at 35,064.36. Consequently, month-to-date and year-to-date gains moderated to 0.1 per cent and 30.6 per cent, respectively. The downtrend was […]
Stock Market The Nigerian stock market closed on a negative note for the fourth straight session on Thursday with the market capitalisation losing N232 billion. Specifically, the market capitalisation which opened at N18.304 trillion dipped N232 billion to close at N18.072 trillion. Also, the All-Share Index lost 464.00 points or 1.32 per cent to close […]
Goddy Egene The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the unprecedented growth recorded in the month of November, many investors have been locking in profits. Despite the pockets of profit taking, the market had maintained a positive weekly performance. However, that positive momentum […]
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