Nigerian Exchange [Photo Creadit: Business Live Nigeria] Gains recorded by some large and medium capitalised stocks on Thursday lifted market capitalisation by N42 billion. The stocks include Oando, UACN, Jaiz Bank and R.T Briscoe. Specifically, the market capitalisation rose to N25.527 trillion, representing an increase of 0.16 per cent from the N25.485 trillion on Wednesday. […]
Tag: XNSA_OANDO
We Never Imported Adulterated Petrol, MRS Tells House of Reps
By Adedapo Adesanya MRS Petroleum, one of the importers accused of importing adulterated Premium Motor Spirit (PMS) into the country, has appeared before the House of Representatives Committee on Downstream sector and insisted that imported fuel is not adulterated. MRS representative at the meeting insisted that all fuel imported into the country were not out […]
Gains in 30 stocks lift capitalisation further by N69 billion
Transactions on the Nigerian Exchange Limited (NGX) continued in an upbeat mood yesterday, as gains in 30 stocks lifted market capitalisation further by N69 billion. Specifically, market capitalisation of listed equities increased by 0.27 per cent to N25.480 trillion from N25.411 trillion reported on Wednesday. Also, the NSE All Share Index, which measures the performance […]
Ease at sight as NNPC names 48 filling stations to give 24-hour fuel supply *See full list
Determined to improve the fuel supply situation in Nigeria, the Nigerian National Petroleum Corporation Limited (NNPC) Monday identified 48 fuel stations where motorists living in the Abuja city and its environs could get petrol irrespective of the time. The stations are to begin operation Monday night. A statement signed by Group General Manager, Group Public […]
NGX Index Rebounds by 0.85% as Oando Gains 10%
By Dipo Olowookere Transactions on the floor of the Nigerian Exchange (NGX) Limited closed bullish on Thursday with a 0.85 per cent growth inspired by Oando, which appreciated by 10.00 per cent. The company led the price gainers’ chart of 23 members yesterday after its share price closed at N5.17 compared with the preceding day’s […]
Ecobank, Learn Africa, GTCO top stocks to watch this week
More corporate reports for the 2021 financial year are due this week through the end of February and the current uptrend in the market will likely hang on them for sustainability if they are generally impressive. Stocks and sectors offering promise of strong return, dividend and scrip should be the focus of retail investors as […]
Losses in BUA Foods, 20 others dip capitalisation by N79 billion
The Nigerian equities market sustained a sliding profile at yesterday’s transactions, occasioned by losses in the shares of BUA Foods and 20 others, causing market capitalisation to dip further by N79 billion. Yesterday, the All-Share Index declined by 146.15 per cent, representing a decrease of 0.31 per cent, to close at 47,057.24 points. Similarly, the […]
Okomu, other laggards drive stock market’s negative start to new week
The Nigerian Exchange Limited (NGX) All Share Index (ASI) decreased to 47,203.39 points from 47,279.92 points while the value of listed stocks dropped to N25.436trillion, from N25.477trillion. Nigeria’s stock market opened this new week on a negative note, driven majorly by declines in prices of Okomu Oil Palm Plc , NEM Insurance Plc, Pharma Deko, […]
Stock round-up: Investors part with N19.6bn in five days as International Breweries, Japaul Gold lead losers
Investors at the Nigerian capital market parted with N19.614 billion to trade 1.785 billion shares in 27,822 deals this week. This surpassed the N19.08 billion coughed out by investors in exchange for 1.448 billion shares in 22,557 deals last week. Top NGX performing sector The Financial Services Industry was the top trading sector based on […]
Trading rebounds on NGX with N215 billion growth
Nigerian Exchange [Photo Creadit: Business Live Nigeria] The Nigerian stock market on Thursday returned to positive territory with capitalisation growing by N215 billion. The market capitalisation, which opened at N25.289 trillion inched higher by N215 billion or 0.85 per cent to close at N25.504 trillion. Also, the All-Share Index (ASI) increased by 399.14 points or […]