The bears dominated trading activities on the Nigerian Stock Exchange on Friday with the market capitalisation losing N246bn in six hours of trading. Specifically, the News Agency of Nigeria reports that the market capitalisation, which opened at N21.224tn shed N246bn to close at N20.978tn. Similarly, the NSE All-Share Index decreased by 470.64 points or 1.16 […]
Tag: XNSA_DANGCEM
Access Bank, GTBank Join Growth Index as NSE Review Market Indices
The Nigerian Stock Exchange (NSE) has made its annual full year review of the market indices which includes: the NSE 30, NSE Lotus Islamic, NSE Pension, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index and the five sectoral indices comprising the NSE Banking, NSE Insurance, NSE […]
Dangote Cement posts best stock return of Africa’s top 20 listed companies in 2020
(Ecofin Agency) – Over the 7 operation days closing on Dec 24, the value of Dangote Cement has jumped by 605 billion naira on the Lagos Stock Exchange, data provided by Capital IQ showed. This increase has supported the company’s stock performance with a stock that was already up 72.5% since the year started. The […]
Dangote Cement Plc is Planning a Buyback of its Shares to Boost Shareholder Value
The company will repurchase as much as 10% of the issued capital starting with a first tranche of 85.2 million shares of 50 kobo each, or 0.5% of the total in issue, it said in a filing to the Nigerian Stock Exchange on Monday. The purchase will be done in the open market on Dec. […]
NSE All-Share Index down 0.89%, with Dangote Cement, Julius Berger, GlaxoSmithKline as top losers
WorldStage Newsonline– Trading on Nigerian Stock Exchange maintained a downward trend for the fifth consecutive trading days with the All-Share Index declining by 0.89 per cent. The index lost 306.52 points or 0.89 per cent to close at 34,250.74 from 34,557.26 posted on Thursday. Similarly, the market capitalisation of listed equities dipped N171 billion to […]
Surge in buying interest drives bullish bourse
In the latest released NSE Domestic & Foreign Portfolio Investment for October, total value traded surged in line with expectations as value grew 81.5% m/m to N244.9bn (US$634.6m) in October 2020 from N135bn (US$350.6m) in September 2020. Activity level among domestic investors grew 71.9% m/m to N163.18bn (US$422.8m) while foreign investor transactions surged 104.0% m/m […]
Dangote Cement plans Nigeria’s first share buyback
Dangote Cement, owned by Africa’s richest man, Aliko Dangote, plans a buyback of the company’s shares next week to boost shareholder value. The company will repurchase as much as 10% of the issued capital starting with a first tranche of 85.2-million shares of 50 kobo each, or 0.5% of the total in issue, it said […]
Equity Market Gains N214bn On Blue Chip Firms
Nigerian Stock Exchange Equity Market Gains N214bn On Blue Chip Firms Equity trading on the floor of the Nigerian Stock Exchange on Wednesday closed on the positive note with a gain of N214bn as the bulls sustained grip on trading activities. The market performance indices, the NSE ASI appreciated by 1.03 per cent with market […]
Bulls trump bears as interests in BuaCem, Zenith, Access ramp up market cap to N20.4trn
By Charles Abuede The bulls exerted their dominance over the Nigerian equity market Tuesday with the banking and industrial goods sectors driving the market to gain as stocks climbed higher in their first trading session after the Christmas break. The index was up 0.8 per cent to close at 39,110.17 points. The performance was buoyed […]
All-Share Index Rises 0.8% as Market Sustains Positive Momentum
The stock market recorded further growth yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.8 per cent to close at 39,110.17, while the market capitalisation added N167.6 billion to close at N20.4 trillion. Although nine stocks appreciated compared with 20 stocks that depreciated, the performance was buoyed by strong demand for the […]