An upbeat in trading activities in the shares of Dangote Sugar (+4.2%), Union Bank (+3.7%), and FCMB (+8.1%) on Tuesday helped to claw back losses in the domestic equities market resulting in a gain of about N31 billion as market capitalisation rose to N19.623 trillion from N19.592 trillion recorded in the previous day’s close. The […]
The Nigerian Exchange (NGX) Limited has reviewed its sectoral market indices in order to reflect current trends at the stock market. The half-year review led to the entry and exit of some companies from several indices effective July 1, 2021. The Exchange explained that the indices were developed to allow investors to follow market movements […]
UACN Property Development Company Plc is seeking the approval of its shareholders to enter into loan agreement with its majority shareholders, Custodian Investment Plc and UAC of Nigeria Plc to discharge its outstanding debt obligations. UPDC, which used to be a subsidiary of UAC of Nigeria Plc became a subsidiary of Custodian Investment Plc when […]
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 […]
Stocks to Watch Stocks to watch this week comprises the top gainers and losers of the prior week, as well as companies that are likely to have corporate actions this week. 11 Plc has a spot on this week’s watchlist by virtue of its releasing its full-year 2018 results after trading hours. Investors may decide […]
The Nigerian stock market on Wednesday recovered from its loss to record a total of N16.5 billion gain. Livestock Feeds Plc led 24 stocks in the appreciation spree. The market capitalisation of equities listed on the Nigerian Stock Exchange (NSE) bounced back from N10.952tn on Tuesday to N10.965tn on Wednesday. The All-Share Index settled at […]
Nigerian Stock Exchange (NSE) LAGOS – The losing streak in the domestic equities market continued yesterday as the market extended its losses to the second trading session of the week on the back of sustained losses in bellwether stocks like Nigerian Breweries, Nestle Nigeria and Unilever Nigeria. As a result, the All Share Index shed […]
Goddy Egene The stock market pared losses Wednesday as investors embarked on bargain hunting after days of bearish run. The persistent bear run had pushed the Nigerian Stock Exchange (NSE) All-Share Index (ASI) to a 52-week low two days ago. However, some investors moved in to take advantage of low valuations. Consequently, the NSE ASI […]
Nigerian Stock Exchange After few days of downturn, and the bulls upstaged the bears on the trading floor of the Nigerian Stock Exchange (NSE), occasioned by bargain hunting in the bellwethers, as the All-share index increased marginally by 0.1 per cent.Yesterday, the All Share Index (ASI) gained 34.85 absolute points, representing a growth of 0.12 […]
Feyisayo Popoola The Nigerian stock market witnessed a rebound on Wednesday as 24 stocks led by Livestock Feeds Plc recorded price appreciation. The market capitalisation of equities listed on the Nigerian Stock Exchange increased from N10.952tn on Tuesday to N10.965tn on Wednesday. The All-Share Index gained 0.12 per cent to settle at 29,202.54 basis points […]
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