Airtel Africa, a multinational telecommunications company, has surpassed Dangote Cement to become the most capitalised company listed on the Nigerian Exchange Limited (NGX). For the first time, Airtel Africa hit an all-time high of N1,271 per share during the week with a market capital of N4.7 trillion at the end of Friday’s trading — sealing […]
Tag: XNSA_DANGCEM
Google to Buy Stake in Airtel and Expand Offerings Across African Market
Airtel Africa is set to become the biggest telecoms operator on the African continent, with the latest interest shown by search engine giant Google. According to BMA Sources, the global internet company plans to buy a 1.28 per cent stake in the company and invest over US$ 967,9 million. Google said it would invest in […]
Dangote Cement gains N241.98 billion to benefit from positive market sentiment
Buy-interests in Dangote Cement Plc shares today led to a gain of N241.98 billion in market value as positive sentiments around the share of the cement maker triggered a 5.45% growth in share price at the close of trading activities on the Nigerian stock market. At the close of the market today, data revealed that […]
Zenith, Gtbank Lead List of Nigeria’s Most Valuable Banks in January
The list of Nigerian most valuable bank for the first month of 2022 has been revealed with Guaranty Trust Bank and Zenith bank keeping their positions The value of the banks were calculated using how much was added to their total share price as at Friday, December 31, 2021 Nigerian banking sector stocks continue to […]
Most valuable manufacturing companies in Nigeria – January 2022
Dangote Cement, BUA Cement, BUA Foods, and Nestle Nigeria led the list of most valuable manufacturing companies in Nigeria, following impressive market performance in the month of January 2022. The likes of Dangote and BUA Cement maintained their spot as the most capitalized manufacturing firms while newcomer, BUA Foods displaced Nestle to seat in third […]
Stock Market Gains N579bn in First Week Trading
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) maintained its positive trend last week as foreign and high network investors continued to take position in stocks with attractive dividend yields ahead of 2021 financial year dividend declarations. The stock market of NGX appreciated by N579billion in first-week trading in February as foreign […]
Industrial Goods Equities Drag NGX Index Down by 1.12%
By Dipo Olowookere The Nigerian Exchange (NGX) Limited depreciated by 1.12 per cent on Thursday as investors booked profit in Dangote Cement, Oando, FBN Holdings, Ardova and 14 other stocks. From the analysis of the trading details, industrial goods, insurance and energy sectors were the major drivers of the loss as they shed 3.25 per […]
Stock Market Drop N280bn on Profit-taking in Dangote Cement, 17 Others
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday dropped by N280billion on investors’ profit taking in Dangote Cement and 17 others. The NGX All-Share Index declined by 520.76 basis points or 1.12 per cent, to close at 46,009.23 points. Similarly, the overall market capitalisation value lost N280 billion to close at […]
Stocks to watch out for in February on the NGX
The Nigerian equity market has started the year 2022 strong. The All-Share Index (ASI) in the month of January has gained 9.15%% for the month starting at 42,716.44 basis points to ending at 46,624.67 basis points. The market capitalization also grew in similar fashion from N22.3 trillion at the beginning of the month only to […]
Nigerian stocks slide after sell pressure on Dangote Cement, GTCO
Floor of Nigerian Stock Echange Nigerian stocks contracted 0.34 per cent on Friday, a decline driven by investors showing more willingness to sell shares in Dangote Cement and GTCO (two of Nigeria’s most capitalised companies) than to hold them. Dangote Cement saw depreciation in its shares despite its recent announcement to buy back 170 million […]