No doubt, barely one month after, the market has not proven us wrong as year-to-date (YtD) positive return stayed at +10.18percent At the beginning of the year, we showcased Nigerian stocks investors should buy in this year 2022 as a guide to those seeking both capital appreciation and long term returns in form of dividend […]
Kayode Tokede The stock market capitalisation of the Nigerian Exchange Limited (NGX) crossed the N25 trillion mark yesterday, supported by foreign investors’ demand for Airtel Africa stock that gained 10 per cent. In summary, the NGX All-Share Index (ASI) grew by 590.48 basis points or 1.29 per cent to close at 46,529.99 basis points from […]
Neimeth International Pharmaceuticals Kayode Tokede Neimeth International Pharmaceuticals Plc has announced a profit before tax of N365.5million for the year ended September 30, 2021, an increase of 22.8per cent over N297.4million reported in full year ended September 30, 2020. The pharmaceutical company in the results released at the Nigerian Exchange Limited (NGX) yesterday reported profit […]
NGX Group Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday resumed trading for 2022 on a positive note as it gained N887 billion in market capitalisation. . The All Share Index (ASI) rose by 309.79 points, representing an increase of 0.72 per cent to close at 43,026.23 basis points, while the […]
Nigerian Exchange [Photo Creadit: Business Live Nigeria] The bulls resurfaced on the Nigerian Exchange Ltd. on Wednesday, with the All-Share Index hitting the 44,000 mark following investors’ interest in Dangote Cement and 23 others. Specifically, the All-Share Index inched higher by 749.52 points or 1.71 per cent to close at 44,608.82 from 43,859.30 achieved on […]
The Nigerian Stock Exchange building (image used for illustration) [Reuters/Akintunde Akinleye] Activities on the nation’s bourse kicked off the first trading session of the year on a positive note due to bargain hunting on BUA Cement. Specifically, the All-Share Index advanced by 309.79 points or 0.73 per cent to close at 43,026.23 against 42,716.44 recorded […]
By Dipo Olowookere The financial statements of a leading pharmaceutical company in Nigeria, Neimeth International Pharmaceuticals Plc, for the year ended September 30, 2021, have been released. An analysis of the results by Business Post showed that in the year under review, the firm improved its turnover by 10.7 per cent to N3.1 billion from […]
Nigerian stocks saw their combined market value fall by N391.32bn at the end of trading on Thursday as Dangote Cement Plc and 14 others recorded price losses. The NGX All-Share Index dropped by 1.77 per cent to close at 41,685.22 basis points, while the market capitalisation slumped by N391.32bn to N21.75tn. The market activities on […]
According to the Nigerian Exchange, there are over 156 listed firms with a total market capitalization of over N21 trillion While some companies’ stocks have made billions for shareholders, many are left to count their losses As the year draws to a conclusion, many people’s prospects of recovering are dwindling, while others will just have […]
Investors lost N56 billion in value as the Nigerian equities market yesterday sustained its bearish performance to end the last trading day in August 2021 on decline. Sell pressures in highly capitalised stocks brought the market lower by 0.27 per cent as market capitalisation declined to N20.434 trillion. The All Share Index (ASI) fell by […]
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