Feyisayo Popoola The nation’s equities market extended its decline on Thursday as it shed N111bn following the price depreciation recorded by 31 stocks at the close of trading. The All-Share Index and market capitalisation of equities listed on the Nigerian Stock Exchange fell by 0.88 per cent to close at 34,110.22 basis points and N12.452tn […]
Goddy Egene The stock market rebounded yesterday as the Nigerian Stock Exchange All-Share Index (NSE ASI) rose 0.28 per cent to close at 34,933.68 after opening the month on a negative note the previous day. Similarly, market capitalisation added N36.1 billion to close at 12.8 trillion. Buying interest in banking stocks such as Zenith Bank […]
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) […]
Some shareholders have expressed their support for the on-going N2 billion Rights Issue of Mutual Benefits Assurance Plc. The shareholders across various groups said there are potentials for the company to grow as it has hugely invested for a long while in the retail space, which holds the growth pot of the insurance industry. The […]
The Nigerian equity market yesterday tumbled for the fourth consecutive trading day, as sell pressure was unabated, producing 19 losers against 16 gainers. Key market indicators, the NSE ASI declined by 0.09 per cent, as bargain hunters continued to remain on the sideline following growing political tension. Consequently, the All-Share Index dipped 33.98 basis points […]
As part of their commitment to underwriting business, life insurance operators steadily grew their liabilities to N476.44 billion within a space of three years from N341.61 billion, New Telegraph has learnt. The details revealed through a report by the Nigerian Insurers Association (NIA), covered the period between 2014 and 2016. According to the study, the […]
Nigerian equities market It was a week that the bears dominated trading at the stock market, contrary to expectations that the gains posted the preceding week would be sustained. The market had recorded a marginal growth of 0.09 per cent two weeks ago, following investors’ reaction to the financial results of companies for the half […]
Dr. Akinade Akanmu Ogunbiyi Mutual Benefits Assurance Plc has commenced its quest for fresh capital worth N2 billion, by offering ₦0.50 rights issue of four billion ordinary shares, between August 6, 2018, and September 14, 2018, on the basis of one new share for every two shares held as at October 31, 2017. The offer, […]
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 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 […]
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