To a large degree, we have seen our expectations play out in DANGCEM this year. Earnings have continuously impressed as volumes ramp up and improved cost efficiency remains a key driver of bottom-line growth. For us, we expect the narrative in H2’18 to remain unchanged, as we remain optimistic on further volume growth despite expected […]
Goddy Egene The stock market rebounded yesterday following bargaining hunting in banking and consumer goods counters. The market had opened for the week on Monday with a decline of 0.32 per cent. However, the losses were pared yesterday, leading to a growth of 0.53 per cent in the Nigerian Stock Exchange All-Share Index (NSE ASI) […]
stock market Stock Market Declines 5.9% In August The Nigerian equities market recorded a decline of 5.86 per cent in the month of August reflecting prevailing negative investors’ sentiments. About 1.63 per cent of the decline was recorded last week as the Nigerian Stock Exchange All-Share Index (NSE ASI) closed lower at 34,848.45. Although trading […]
Traders on the Nigerian Stock Exchange, Lagos Equity transactions on the Nigerian Stock Exchange (NSE) ended on a negative note on Friday with the market indices dropping further by 0.68 per cent. The News Agency of Nigeria (NAN) reports that the market capitalisation shed N87 billion or 0.68 per cent to close at N12.722 trillion […]
Nigerian Stock Exchange Central Bank of Nigeria (CBN) huge fines on four deposit money banks over alleged illegal fund repatriation on behalf of MTN Nigeria weighed heavily on the local bourse yesterday, causing the All-share index to slide by 0.77 per cent. The Nigerian Stock Exchange-All Share Index (NSE-ASI) decreased by 272.27 absolute points, representing […]
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 […]
UK/Nigeria: Aliko Dangote, the owner of Dangote Cement, has reiterated his intention to list the company on the London Stock Exchange (LSE), following a meeting with the UK Prime Minister Theresa May in Lagos. May was in the country as part of a multi-stop trade tour of African nations ahead of the UK’s departure from […]
Transactions reopened on the Nigerian Stock Exchange (NSE) on Thursday after the two-day public holiday to mark Eid-El-Kabir celebration with a growth of 1.57 per cent. Specifically, the All-Share Index which opened at 34,663.48 rose by 542.68 points or 1.57 per cent to close at 35,206.16 compared with 34,663.48 achieved on Monday. Similarly, the market […]
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 […]
A total of 345.057 million shares valued at N2.27 billion were traded in 3,261 deals on the Nigerian Stock Exchange (NSE) on Wednesday. This is against the 339.681 million shares worth N5.50 billion traded in 3,394 deals on Tuesday, representing 1.58 per cent increase in volume. Nigerian Stock Exchange NSE Newsmen report that the market […]
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