Investors appeared to be taking major positions in the oil and gas and banking sectors as companies round off the 2021 financial year. Transactions on the shares of three major oil and gas and banking stocks accounted for two-thirds of total turnover at the Nigerian stock market at the weekend. Trading report for the week […]
The domestic equities market sustained its bearish trend on Wednesday due to losses recorded by MTN Nigeria Communications (MTNN) and 13 others. Specifically, the market capitalisation inched lower by N75 billion or 0.34 per cent to close at N22.050 trillion from N22.125 trillion recorded on Tuesday. Also, the All-Share Index lost 144.35 points or 0.34 […]
High transactions in the shares of Oando, FBN Holdings and Guaranty Trust Holding Company (GTCO) lifted the volume of shares traded last week, as a turnover of 3.435 billion shares worth N30.9 billion was recorded in 21,109 deals by investors. A breakdown of activities on the Nigerian Exchange Limited (NGX), last week, indicated that the […]
As the year winds down, companies are beginning to issue their earnings forecast for the quarter ahead, which to a considerable extent will give investors a view of things to come. Yet, what will probably offer the best assurance for sound investment decisions at this time are sound fundamentals that can broaden companies earnings power […]
By Dipo Olowookere Nigerian stocks returned to the territory of the bears on Tuesday after depreciating by 0.01 per cent at the close of transactions by 2:30 pm. Renewed profit-taking in Oando, Access Bank, UBA, UAC Nigeria and 11 others weakened the market and caused the All-Share Index (ASI) to decrease by 6.14 points to […]
The Nigerian Exchange market closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 9 basis points. The NGX ASI closed at 42,013.39 points, to reflect a growth of 0.09% from the previous trading day and a Year-to-Date (YTD) return of 4.33%. Meanwhile, the market capitalization increased by […]
Nigerian stocks were back to winning way on Monday after three trading days of consecutive decline as investors employed a risk-off approach to investment in a session that saw the benchmark index push up by 0.16 per cent, with banking stocks driving the climb. FBN Holdings , Zenith and GTCO set the advance in motion, […]
By Dipo Olowookere It was a busy trading day on the floor of the Nigerian Exchange (NGX) Limited on Monday as the market closed 0.14 per cent higher, putting an end to the losses reported in the past three consecutive sessions. News of the acquisition of Honeywell Flour Mills by a rival company, Flour Mills […]
Trading on the Nigerian bourse opened on Monday on a positive note with turnover appreciating by 1,103.94 per cent due to off-market trade in Oando Plc. Specifically, a total of 2.40 billion units valued at N16.47 billion were exchanged by investors in 4,811 deals. This was in contrast with 199.52 million shares worth N3.26 billion […]
Darasimi Adebisi Oando Plc, Medview Airlines Plc, among other listed companies have failed to submit over two-year audited result and accounts on the Nigerian Exchange Limited (NGX). The Exchange disclosed that Oando, Medview Airlines, International Energy Insurance Plc, Thomas Wyatt Nigeria Plc, and Goldlink Insurance Plc have not submitted 2019 & 2020 audited results to […]
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