Nigerian stocks were up by 0.63 per cent or N127.9 billion on Wednesday as investors regained morale after a significant loss at the previous trading dented confidence. The upbeat close rested on gains by sector leaders Dangote Cement, Nestle and Nigerian Breweries. Still, the cumulative appreciation recorded was not enough to offset half of the […]
Tag: XNSA_NB
GHANA: CrossBoundary installs solar power plant at Guinness brewery
GHANA: CrossBoundary installs solar power plant at Guinness brewery ©Crossboundary Solar energy provider CrossBoundary has commissioned a solar photovoltaic system on the roof of a Guinness Ghana Breweries PLC factory in Achimota. The 1,095 kWp solar power plant provides clean energy to the subsidiary of the British Diageo Group. Guinness Ghana Breweries is greening the […]
Nigeria: Wema Bank Posts N81 Billion Earnings, N5,1 Billion Profit After Tax
Wema Bank Plc yesterday released its unaudited results for the year ended December 31, 2020, showing marginal decline in top and bottom-lines. The financial institution recorded gross earnings of N80.852 billion in 2020, indicating a decrease of 14.7 per cent compared with N94.890 billion in 2019. Net interest income improved by 19.4 per cent to […]
Nigeria: Stocks Trading Indices Drop By 0.19%
Trading on the Nigerian Stock Exchange (NSE) reversed to negative on Tuesday with the market indicators dropping by 0.19 per cent, amid profit taking in Stanbic IBTC and Nigerian Breweries. Specifically, the All-Share Index lost 75.32 points or 0.19 per cent to close at 40,494.35 from 40,571.67 recorded on Monday. Consequently, the month-to-date loss increased […]
Nigeria: NSE All-Share Index Sheds 0.19% As Bears Return
The bears returned to the local bourse yesterday pulling, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) down by 0.19 per cent to close at 40,494.35. The market had opened for the week on positive note after two weeks of decline, raising hopes that the bargain hunting could be sustained. However, sell-offs in Stanbic IBTC […]
Selloffs in Stanbic IBTC, NB, Zenith Bank cost investors N41.3bn on Nigeria bourse
By Charles Abuede Naira trades flat at I&E, CBN official windows Read Also: The Nigerian equities market continues its staggering movement on the back of mixed sentiment as investors anticipate the release of audited company financials due to start hitting the market before the end of the month. Despite some hints of gains, the bears […]
Seplat, FTN Cocoa, others lead NSE N66b gain
Following gains recorded by most blue chip stocks, especially Seplat and FTN Cocoa, transactions on the Nigerian Stock Exchange (NSE) extended gain to two consecutive sessions, causing market capitalisation to appreciate further by N66 billion At the close of transactions yesterday, the All-Share Index (ASI) gained 125.70 absolute points, representing a growth of 0.31 per […]
Bears stage comeback as selloffs in BuaCem, MTN, Zenith Bank drive market into red
By Charles Abuede Sentiments were dampened in the Nigerian equities market on Tuesday owing to profit-takings on top stocks that posted their biggest wins in the previous year, forcing the local bourse to retreat to a bearish stance on the second trading day of the week and the year. It offered strong indications that the […]
All-Share Index Rises 0.31% as Investors Stake N7.5bn on Shares
Goddy Egene Investors staked N7.51 billion on 2.13 billion shares in 4,558 deals yesterday at the stock market as the bulls continued to dominate trading. The value of trading soared by 755 per cent compared to 249.545 million shares exchanged for N2.184 billion in 6,090 deals the previous day. Champion Breweries Plc was the most […]
Banking, oil indices lift Nigeria bourse with investors gaining N65.7bn
By Charles Abuede Persistent buying sentiment aided the positive performance witnessed in Thursday’s session at the Nigerian Stock Exchange, particularly in the oil & gas and banking sectors. At the close of trading, the domestic equities market sustained the previous day’s gain, rising 31 basis points to settle at 40,490.85 points. The positive performance was […]