Nigerian equities reopened yesterday on a negative note as widespread selloffs within the large-cap stocks led the market to a net capital loss of N220 billion. The All Share Index (ASI)-the main index that tracks share prices at the Nigerian Stock Exchange (NSE) dropped by 602.81 points, representing a loss of 1.71 per cent to […]
Tag: XNSA_NB
NSE market capitalisation shed N219 billion
Nigeria Stock Exchange (NSE) The market capitalisation of the Nigerian Stock Exchange (NSE) on Monday shed N219 billion, ahead of Eid-El-Kabir. The loss by the market capitalisation was as a result of huge losses suffered by major highly capitalised equities. Specifically, the market capitalisation dipped N219 billion to close at N12. 655 trillion compared to […]
UACN names MD for subsidiary
UAC of Nigeria PLC (UACN) has appointed Dr Oladele Ajayi as the managing director of its subsidiary, UAC Foods Limited. The company is a joint venture between UACN and Tiger Brands Limited of South Africa. Ajayi holds a Doctor of Philosophy (PhD) degree in mechanical & process engineering from the University of Strathclyde, United Kingdom […]
HI’18: Manufacturing firms’ incur more costs, up by 20.2%
…CBN encourages companies to raise fund through CPs … Analysts/stakeholders caution firms to be prudent in spending Despite the steady decline in the inflation rate over the past 18 months, leading manufacturers quoted in the Nigerian Stock Exchange, NSE, which operate across sectors have recorded significant upsurge of 20.2 percent in their operating expenses, OPEX, […]
UACN names MD for subsidiary
UAC of Nigeria PLC (UACN) has appointed Dr Oladele Ajayi as the managing director of its subsidiary, UAC Foods Limited. The company is a joint venture between UACN and Tiger Brands Limited of South Africa. Ajayi holds a Doctor of Philosophy (PhD) degree in mechanical & process engineering from the University of Strathclyde, United Kingdom […]
Betaglass, Presco Nosedive on NSE
The bears resurfaced on the Nigerian Stock Exchange (NSE) on Tuesday following loses recorded by some blue chips. Betaglass dominated the bears with a loss of N8.10 to close lower at N72.90 per share. Presco trailed with a loss of N6.60 to close at N59.55, while Lafarge Africa declined by N3.25 to close at N29.25 […]
Financial Stocks Drive Market Performance as Bulls Resurface
By Dipo Olowookere Gains recorded by financial stocks, especially shares in the banking sector, lifted the equities market on Thursday, reversing the loss recorded on Wednesday. The stock market rose yesterday by 0.21 percent following gains reported by 24 stocks buoyed by the return of positive sentiment to the market. At the close of transactions, […]
High Cap Stocks gains push stock market indices by N39b
Nigeria Stock Exchange, Lagos Equity transactions on the equity sector of the Nigerian Stock Exchange (NSE) reopened upbeat yesterday, following price gains recorded by most Highly Capitalised (High Cap) stocks, as market capitalisation rose by N39billion. Specifically, at the close of transactions yesterday, the All Share Index (ASI) gained 108.52 absolute points, representing a growth […]
Stocks hit nine-month low on mixed earnings, elections
’Femi Asu with agency report Equities listed on the Nigerian Stock Exchange dropped to a more-than-nine-month low on Thursday, hurt by mixed second-quarter earnings and worries about political risk in the run-up to next year’s elections. The NSE All Share Index fell for the fifth straight session, down 0.4 per cent to 36,154 basis points. […]