Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday closed transactions on a negative note, as investors’ sell-off in Seplat Petroleum Plc, 17 other stocks down the market by 0.01 per cent. Specifically, the NGX All-Share Index declined by six basis points or 0.01 per cent to close at 47,262.61 basis points […]
Champion Breweries has filed a notice of take-over offer by Raysun Nigeria Limited for over 1 billion units of the brewer’s shares. The Offer is in accordance with the directives of the regulator subject to the provisions of Section 131, Part XII of the Investment and Securities Act, No. 29, 2007 (as amended) and Rule […]
Champion Breweries has filed a notice of take-over offer by Raysun Nigeria Limited for over 1 billion units of the brewer’s shares. The Offer is in accordance with the directives of the regulator subject to the provisions of Section 131, Part XII of the Investment and Securities Act, No. 29, 2007 (as amended) and Rule […]
Following losses suffered by many blue-chip stocks, especially MTN Nigeria and African Prudential, the Nigerian equities market resumed trading for the month of December on a negative note yesterday, as market capitalisation declined by N410 billion. In summary, the All-Share Index (ASI) dipped by 784.89 absolute points, representing a decrease of 1.81 per cent, to […]
Bargain-hunting in many blue-chip stocks, especially Red Star Express and Meyer, aided the Nigeria Exchange Limited’s (NGX) rebound yesterday, as the All-Share Index (ASI) increased by 0.09 per cent. Specifically, at the close of transactions yesterday, the ASI rose by 39.84 absolute points, representing a growth of 0.09 per cent to close at 42,357.36 points. […]
Stock traders in a stock market Nigerian stocks returned to gain on Wednesday as the benchmark index jumped rose per cent even though that was too paltry in obliterating the loss of the session before. GTCO, Nigeria’s biggest lender by market value, steered the climb alongside beer-maker Nigerian Breweries, with support from FBN Holdings and […]
Floor of the Nigerian Stock Exchange Nigerian stocks hit a new milestone on Monday as a tense investor scramble for the shares of the country’s biggest telecommunications companies – MTN Nigeria (MTNN) and Airtel Africa – catapulted the benchmark index by 2.93 per cent to 43,246.87 points equivalent to a market capitalisation, the peak level […]
According to the Nigerian Exchange, there are over 156 listed firms with a total market capitalization of over N21 trillion While some companies’ stocks have made billions for shareholders, many are left to count their losses As the year draws to a conclusion, many people’s prospects of recovering are dwindling, while others will just have […]
Sustained profit-taking by investors on the Nigerian Exchange Limited (NGX), halted the five consecutive sessions of gains recorded last week, forcing the equities market to close on a downward note yesterday, as market capitalisation dipped by N12 billion. At the close of transactions yesterday, the All-Share Index (ASI) declined by 25.53 absolute points, representing 0.06 […]
Nigerian Stock Exchange Sustained Profit-taking Drags Market Capitalisation By N12bn Sustained profit-taking by investors on the Nigerian Exchange Limited (NGX), halted the five consecutive sessions of gains recorded last week, forcing the equities market to close on a downward note yesterday, as market capitalisation dipped by N12 billion. At the close of transactions yesterday, the […]
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