Goddy Egene writes that the improved performance of Guaranty Trust Bank Plc in the half year ended June 30, 2018, partly resulted from consistent improved cost management efficiency Guaranty Trust Bank Plc last week recommended an interim of N8.8 billion dividends for the half year ended June 30, 2018. The dividends, which translated to 30 […]
Tag: XNSA_GUARANTY
NSE’s All-share index appreciates by 0.6 per cent
Nigerian Stock Exchange It was a quick reversal of Monday’s negative sentiments yesterday, following price gains recorded by most blue-chip stocks, the Nigerian equity market as the all-share index appreciated by 0.6 per cent. The improved performance was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Total Nigeria, Flourmills Nigeria, […]
Nigerian stocks tumble as demands diminishes
The Nigerian Stock Exchange (NSE) continued to stumble as the all share index closed at 36,232.66 basis points down 0.20%. Year to date, the index is down 5.26%. Top Gainers and Losers Courtville Business Solutions closed at N0.22, down 10%. Sterling Bank closed at N1.49, down 9.56%. Niger Insurance closed at N0.39, down 8.33%. On […]
High-cap stocks drag equities to N42b loss
Most transactions at the Nigerian equities market closed yesterday at higher prices but losses recorded by large-cap stocks overshadowed the overall market position. Benchmark indices at the Nigerian Stock Exchange (NSE) indicated average decline of 0.32 per cent, representing a net capital depreciation of N42 billion. With 26 gainers to 14 losers, most sectoral indices […]
FMDQ appoints GTB, Diamond Bank MDs, others as directors
Feyisayo Popoola The Board of Directors of FMDQ OTC Securities Exchange has appointed the Managing Directors of Guaranty Trust Bank Plc, Mr Segun Agbaje, Diamond Bank Plc, Mr Uzoma Dozie, and three others, as non-executive directors. The FMDQ said in its July 2018 newsletter that the appointment of the five new directors, which was announced […]
Investors hunting for high dividend yield, penny stocks
As the market continues in search of positive triggers following the protracted bearish run, operators in the capital market have said that investors will direct their attention to high dividend yielding stocks as well as the penny stocks this week. Stock Market Also, given that quarter two 2018, (Q2’18) earnings season is closing out, local […]
Seven banks reap N244bn in fees, commission
Predictions that declining yields on securities, coupled with continuing tight conditions in the credit market, would make deposit money banks (DMBs) in the country to increase their focus on other sources of income seem to be coming to pass. Already, seven lenders raked in a total of N244.15 billion as fees and commission income in […]
Equity market sustains downward trend, dropping N13bn
nigeria stock exchange The nation’s equity market has sustained negative trend as anxiety in the political environment continues to mount pressure business activities ahead of 2019 election. Specifically, Market Capitalisation of listed equities depreciated by N13 billion or 0.09 per cent to N13.249 trillion from N13.261 trillion reported the previous day. The NSE All Share […]
Equities Market Rebounds on Bargain Hunting, Gains 0.45%
The equities market rebounded last week with the Nigerian Stock Exchange (NSE) All-Share Index (NSE ASI) gaining 0.45 per cent after three weeks of decline. Although trading in the week was for only three days due to declaration of Tuesday and Wednesday as public holiday, price appreciation in Dangote Cement Plc lifted the positive performance […]
Dangote Cement, GTB, others lead stock market’s N198b gain
• Investors enjoined to trade cautiously in near term Following price gains recorded by major highly capitalised stocks, especially Dangote Cement, and Guaranty Trust Bank (GTB), transactions on the equity sector of the Nigerian Stock Exchange (NSE), reopened in an upbeat after the two days holiday to mark the Eid-el Kabir celebration yesterday.Market capitalisation rose […]