Nigerian Stock Exchange Market Nigerian stocks fell 0.12 per cent as investors took profit in newly admitted BUA Foods, which had garnered over 59 per cent until the end of last week when gains began to plateau. Major declines were also reported by Transcorp and NGX Group on a day that trade volume tumbled by […]
By Dipo Olowookere The bears maintained grip on the Nigerian Exchange (NGX) Limited on Monday, causing the market to further decline by 0.12 per cent at the close of transactions. Selloffs inspired by weak investor sentiment dominated the local bourse yesterday amid cautious trading as traders watch closely happenings in the political space, which is […]
Nigerian stocks were back to winning way on Monday after three trading days of consecutive decline as investors employed a risk-off approach to investment in a session that saw the benchmark index push up by 0.16 per cent, with banking stocks driving the climb. FBN Holdings , Zenith and GTCO set the advance in motion, […]
LivingTrust Mortgage Bank Plc has applied for regulatory approval to raise N2.75 billion new equity capital from its shareholders as the mortgage fir seeks to build up its balance sheet for aggressive growth. LivingTrust Mortgage Bank plans to float a rights issue of five billion ordinary shares of 50 kobo each at 55 kobo per […]
By Dipo Olowookere It was a busy trading day on the floor of the Nigerian Exchange (NGX) Limited on Monday as the market closed 0.14 per cent higher, putting an end to the losses reported in the past three consecutive sessions. News of the acquisition of Honeywell Flour Mills by a rival company, Flour Mills […]
Darasimi Adebisi The stock market of the Nigerian Exchange Limited (NGX) appreciated by N165billion in its Wee-on-Week performance as investors renewed interest in Nigerian Exchange (NGX) Group, Nigerian Breweries Plc, BUA Cement Plc, Total Nigeria Plc and Stanbic IBTC holdings Plc. The stock market witnessed four days of trading activities as the Federal Government declared […]
Nigerian stocks saw a comeback from a four-day bear run on Wednesday after a spike of interest in the telco, MTN, and food companies, Nestle and Flour Mills, lifted the benchmark index by 0.02 per cent. But there are concerns as to how far the feeble growth could carry a market that has shed N769.976 […]
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