Nigerian stocks were up by 0.63 per cent or N127.9 billion on Wednesday as investors regained morale after a significant loss at the previous trading dented confidence. The upbeat close rested on gains by sector leaders Dangote Cement, Nestle and Nigerian Breweries. Still, the cumulative appreciation recorded was not enough to offset half of the […]
Tag: XNSA_CONOIL
Oil firms spend N3.68bn on transport in 12 months
Joseph Olaoluwa The total expenses made on transportation and freight costs of oil products by three major oil marketing companies in the country in 2020 amounted to N3.68bn. This is in contrast to the N5.13bn the oil firms spent for the same purpose in 2019. The oil marketing companies, Total Nigeria Plc, MRS Oil Nigeria […]
Stock investors gain N60bn as Seplat, 30 others rise
’Femi Asu Investors in the nation’s stock market gained N60bn on Monday as Seplat Petroleum Development Company Plc and 30 other firms recorded price appreciation. The Nigerian Stock Exchange All-Share Index rose by 0.33 per cent to close at 40,571.67 basis points on Monday from 40,439.85bps on Friday. The market capitalisation of listed equities increased […]
Nigeria: All-Share Index Rises 0.33% As Market Opens On Positive Note
The stock market opened the week on positive note yesterday, raising hopes of recovery after two weeks of decline. The market had depreciated last week by 3.04 per cent following profit-taking and return of investors to fixed income market. However, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.33 per cent to close […]
Investors Lose N40.47bn as NSEASI Dips by -0.19% Amid Positive Market Breadth
Tuesday February 16 , 202 1 / 0 4 : 37 PM / Proshare MARKETS / Header Image Credit: Proshare Markets Proshare Nigeria Pvt. Ltd. Equities market closed today on a negative note, as NSEASI depreciated by -0.19% to close at 40,494.35 basis points as against +0.33% appreciation recorded previously. Its Year-to-Date (YTD) returns currently […]
Investors Gain N68.96bn as NSEASI Inches Up by 0.33% to Open the Week Positive
Monday February 15 , 202 1 / 0 4 : 06 PM / Proshare MARKETS / Header Image Credit: Twitter; @wto Proshare Nigeria Pvt. Ltd. Equities market closed today on a positive note, as NSEASI appreciated by +0.33% to close at 40,571.67 basis points as against -1.40% depreciation recorded previously. Its Year-to-Date (YTD) returns currently […]
Nigerian stocks post second gain in two weeks
The Nigerian bourse bounced back on Monday, recording its second positive trading session for February as stocks rose 0.33 per cent on the back of gains by Seplat, Japaul Gold, Mutual Benefits, AIICO and Multiverse. A positive market breadth was recorded as 32 gainers emerged against 14 losers. The Oil and Gas Index came top […]
Nigerian Bourse Maintains Positive Stance…, Start week +0.33%
The local bourse resumed trading for the week on a positive note, as the NSE – All-Share Index and Market Capitalization increased by 0.33% to 40,573.31 points and N21.2billion respectively. Thus, YTD performance advanced to 0.75% at the close of trading. A total volume of 206.2 million units of shares, valued at N2.16billion exchanged hands […]
All-Share Index Rises 0.33% as Market Opens on Positive Note
The stock market opened the week on positive note yesterday, raising hopes of recovery after two weeks of decline. The market had depreciated last week by 3.04 per cent following profit-taking and return of investors to fixed income market. However, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.33 per cent to close […]
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 […]