By Taofik Salako, Deputy Group Business Editor Nigerian equities rode on the back of global optimism and domestic bargain-hunting to close weekend with net capital gain of N390 billion, regaining the upswing after profit-taking transactions ended eight weeks of consecutive price appreciation. Benchmark indices for the Nigerian equities market at the weekend indicated average return […]
Tag: XNSA
Nigerian equities lose N470b amid profit-taking
Taofik Salako, Deputy Group Business Editor AFTER eight consecutive weeks of sustained price appreciation, Nigerian equities were at the weekend overwhelmed by profit-taking transactions as investors sought to monetise price gains that had seen several equities reaching new highs in recent weeks. Benchmark indices for Nigerian equities at the weekend indicated a net loss of […]
Weekly Economic Index: Nigeria’s economy enters a full-blown recession in Q3
Recently , the National Bureau of Statistics (NBS) revealed that the October 2020 Consumer Price Index (CPI) increased by 14.23 percent (year-on-year). The rise represents 0.52 percent, compared to the rate recorded in September 2020 (13.71 percent). The CPI is used to measure the inflation rate in an economy. Nigeria’s Gross Domestic Product ( GDP […]
GTBank, Nestle, Zenith Bank soar high, investors gain N140 billion
Nigerian Stocks witness another positive at the mid-week trading session. Nigerian Stock Exchange capitalization value appreciated by N140.04 billion. The All-Share Index (ASI) rallied up by 0.76% to close at 35,493.15 points. Similarly, the overall market capitalization size gained N140.04 billion to close at N18.55 trillion. Today’s market upturn was impacted by gains recorded in […]
Nigeria: All-Share Index Year-to-Date Growth Hits 32,2%
The year-to-date (YTD) growth of the Nigerian Stock Exchange (NSE) All-Share Index (ASI) hit 32.2 per cent yesterday on the back of the continued bull run. The market has recorded positive performance in the past three days with the NSE ASI gaining 0.76 per cent to close at 35,493.15. The sustained gains have boosted the […]
Exxon Mobil Stock Drops 3% As Session Comes To An End On Monday, Underperforms Market
Shares of Exxon Mobil slid 3.15% to $42.42 at 15:22 EST on Monday, following yesterday’s downward trend. The New York Stock Exchange is dropping 0.41% to $14,295.90, following yesterday’s downward trend, This seems, up to now, a somewhat negative trend trading session today. Exxon Mobil’s last close was $43.80, 68.25% under its 52-week high of […]
Bulls led Thursday trading as gains in Airtel, Dangote Cement, Zenith Bank raised market cap to N18.94trn
By Charles Abuede The Nigerian bourse was fired up on all cylinders on Thursday and it helped the market to sustain its bullish momentum in the face of falling oil prices across the market spectrum; with institutional investors increasing their capital inflows to Nigerian stocks on the prevailing low returns seen in the debt market. […]
Nigeria: AIICO Insurance to Raise Share Capital to N20 Billion
AIICO Insurance Plc said it has received its shareholders’ approval to increase its authorised share capital from N18 billion to N20 billion by the creation of additional four billion ordinary shares of 50 kobo each. The company, also said it has secured its shareholders’ nod for the declaration of one bonus share for every eight […]
OANDO explains why it has delayed the release of its Q3 unaudited financial statement
OANDO Plc has disclosed the reason why the integrated oil giant has delayed the release of its third (Q3) Unaudited Financial Statement for 2020. The company stated that the inability of the oil company to meet its 2020, Q3 filing of accounts obligation, which was due on November 20, 2020, is as a result of […]
Conoil Q3 2020: Profit Dips as Oil Industry Outlook Remains Cloudy
Conoil Plc recorded a decline in its financial performance in Q3 2020 as the impact of a liquidity squeeze, economic contraction, the rising cost of funds and scarcity of foreign exchange weighed in on its profitability. Conoil Plc recorded a dip in its PBT by -33.47%, declining from N2.45bn in Q3 2019 to N1.63bn in […]