The Nigerian equity market was down by 0.33 per cent last week as traders’ hunt for yield depressed the main stock index even though there was a couple of strong corporate results that could have put stocks in further advance. This week, promising earnings scorecards are expected from companies like Fidelity Bank, Transcorp and NPF […]
By Dipo Olowookere The Group Managing Director of UAC Nigeria Plc, Mr Fola Aiyesimoju, has expressed the willingness of the management to print a better gross margin going forward. Business Post reports that a gross margin, which is also known as the gross profit margin, is calculated by deducting the cost of goods sold from […]
The domestic equity market index Tuesday continued its bearish run declining by 6.14 basis points to close at to 42388.57 points, down from 42394.71 points traded the previous day. Market capitalisation of listed equities droped slightly by N3 billion or 0.01 per cent to N22.125 trillion from N22.128 trillion reported on Monday. Investors’ traded 275.930 […]
Transaction value on the floor of Nigerian Exchange (NGX) Thursday shed N46 billion. Specifically, market capitalisation of listed equities declined by 0.20 per cent to N22.056 trillion from N22.102 trillion reported the previous day. The NGX All Share Index also depreciated by 87.13 basis points to 42270.23 points from 43357.36 reported pm Wednesday. Investors traded […]
Trading activities on the floor of the Nigerian Exchange Limited (NGX), yesterday, witnessed a drop in share prices as bears regained grip following profit taking. The stock market had, during the previous day, recorded appreciable gain. The market breadth closed positive with 21 gainers against 16 losers. Consequently, the NGX All-Share Index dipped 6.14 basis […]
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 […]
We refer to our Market Bulletin of 1 July 2021, with reference number: NGXREG/LRD/MB22/21/07/01, wherein the market was notified of the suspension placed on trading in the shares of Portland Paints and Products Nigeria Plc (Portland Paints) as a result of the Scheme of Merger between Chemical and Allied Products Plc (CAP Plc) and Portland […]
Twenty-three companies listed on the Nigerian Exchange Limited recorded year-on-year losses worth N105.78bn in their market capitalisation as the half-year period ended in June. According to data from the NGX available to our correspondent, 23 firms led by CWG Plc failed to increase their share prices after a year of trading between June 30, 2020 […]
The Federal High Court has granted an order sanctioning the merger between Chemical and Allied Products Plc (CAP Plc) and Portland Paints and Products Nigeria Plc, effective from 1st of July, 2021. This is according to a disclosure signed by the Managing Director of Portland Paints, Bolarin Okunowo and sent to the Nigerian Exchange Group […]
Overall sentiment on African equity markets was mixed. Among the markets we cover, 10 of them advanced this week and 7 retreated. Namibia led the pack as its benchmark index jumped 2.58%. Conversely, Zimbabwe retreated significantly, losing 6.59% over the week. West Africa BRVM – Bears remained active on the Western Africa regional exchange. The […]
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