F oremost brewer International Breweries has inaugurated its N90 billion world-class plant in Sagamu, Ogun State. The plant promises to create 600 direct and over 2000 indirect jobs along the value chain. President Muhammadu Buhari, who inaugurated the plant yesterday, restated the government’s commitment to securing the business environment so that foreign direct investment (FDI) […]
Tag: XNSA_INTBREW
NSE market capitalisation drops by N458bn
Feyisayo Popoola 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 Index also increased by 0.45 per cent to […]
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 […]
NSE indices grow further by 0.63%, amid Dangote Cement gain
Trading activities on the Nigerian Stock Exchange sustained a postive growth on Friday, with Dangote Cement leading the gainers’ table for the second consecutive day. The News Agency of Nigeria reports that the crucial market indices appreciated further with 0.63 per cent growth, following gains by some blue chips. Specifically, the market capitalisation inched N81 […]
NSE: Trading resumes after Eid-El-Kabir celebration with 1.57% growth
Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org] 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 […]
Renewed sell pressure pulls stock market index by 1.09%
Nigeria Stock Exchange, Lagos •Analysts optimistic on market rebound Renewed sell pressure on the trading floor of the Nigerian Stock Exchange (NSE), yesterday, reversed four-days bullish run, causing the All-share index to dip by 1.09 per cent. Yesterday, investors embarked on massive profit taking to recoup their investment, following the few days of capital appreciation […]
Stocks Market Declines By 0.51% Despite Improved Turnover
Losses extended in the Nigerian stocks market for the third consecutive week, as the market fell week-on-week (w-o-w) by 0.51 per cent on sustained bearish activity despite 50.55 per cent improvement in turnover for the week. The All Share Index (ASI) shed 180.18 points or 0.51 per cent w-o-w to settle at 35,446.47 points while […]
Nigeria: No Respite As Market Records Third Consecutive Weekly Decline
The equities market recorded its third consecutive decline last week as investors confidence remained weak. Out of the four trading sessions, four were bearish with Dangote Cement Plc moving the market to its largest loss in 52 weeks last Thursday. Although the market rebounded last Friday, with a gain of 1.29 per cent, that was […]
The vigil continues for these tier one bank results
Stocks to Watch cks to watch comprise stocks that were the top gainers and losers in last week’s trading, those that released their results or made key announcements after the trading session, and those in the news. This is not a buy sell or hold recommendation. UBA Plc and Access Bank Plc Tier one lenders […]
No Respite as Market Records Third Consecutive Weekly Decline
The equities market recorded its third consecutive decline last week as investors confidence remained weak. Out of the four trading sessions, four were bearish with Dangote Cement Plc moving the market to its largest loss in 52 weeks last Thursday. Although the market rebounded last Friday, with a gain of 1.29 per cent, that was […]