By Adedapo Adesanya The year 2021 wrapped up at the NASD Over-the-Counter (OTC) Securities Exchange on an impressive note as the transactions value, volume and number of deals grew. In the year under review, the NASD bourse recorded trades worth N32.8 billion, 158.9 per cent higher than the N12.7 billion posted in 2020. Also, the […]
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Newrest ASL Increases Dividend Payout by 11%
By Modupe Gbadeyanka Last week, the board of Newrest ASL Nigeria Plc announced that it has recommended the payment of dividend to shareholders of the company. In a notice to the Nigerian Stock Exchange (NSE), the board said it intends to reward the shareholders with 20 kobo per ordinary share for the 2018 financial year […]
Corporate Actions: Dividends declared and a Revival Plan
Corporate actions are decisions taken by companies’ boards of directors or management teams, that could have impacts on the firms themselves or shareholders. Examples of corporate actions include the release of quarterly and full year results, payment of dividends, closing of shareholders’ registers, announcing qualification dates and Annual General Meeting (AGM) dates. Here is a […]
Bargain Hunting In Dangote Cement Rebounds Equities Market
The bearish sentiment in the Nigerian equities market was reversed last week as gains in Dangote Cement rebounded the Nigerian Stock Exchange-All Share Index (NSE-ASI) from three consecutive weeks of losses and posting the highest weekly gain in eight weeks. Consequently, the benchmark index rose 159.88 points or 0.45 per cent Week-on-Week (W-o-W) to close […]
Market Capitalisation Drops By N458bn In 19days
Nigerian Stock Exchange Market Capitalisation Drops By N458bn In 19days The market capitalisation of equities listed on the Nigerian Stock Exchange declined by N458bn within 19 days of trading. The market capitalisation dropped from N13.391tn on August 2, 2018 to N12.933tn on August 24. It appreciated by 0.45 per cent last week. The NSE All-Share […]
NSE market capitalisation drops by N458bn
Feyisayo Popoola The market capitalisation of equities listed on the Nigerian Stock Exchange declined by N458bn within 19 days of trading. The market capitalisation dropped from N13.391tn on August 2, 2018 to N12.933tn on August 24. It appreciated by 0.45 per cent last week. The NSE All-Share Index also increased by 0.45 per cent to […]
Equities Market Rebounds on Bargain Hunting, Gains 0.45%
The equities market rebounded last week with the Nigerian Stock Exchange (NSE) All-Share Index (NSE ASI) gaining 0.45 per cent after three weeks of decline. Although trading in the week was for only three days due to declaration of Tuesday and Wednesday as public holiday, price appreciation in Dangote Cement Plc lifted the positive performance […]
Equities Lose N220b on Monday After Friday’s N236b Gain
By Dipo Olowookere The Nigerian Stock Exchange (NSE) recorded a 1.71 percent loss on Monday after the market achieved an increase of 1.87 percent last Friday. It was observed that the decline posted by the equities market yesterday was mainly influenced by continued selloffs by investors. While the All Share Index (ASI) depreciated by 602.81 […]