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_PRESCO
Nigerian stocks rally on renewed interest in consumer goods shares
Nigerian Stock Exchange (NGX) Nigerian stocks rebounded on Wednesday as the benchmark index climbed by 0.28 per cent, its first time since 28th February, supported by investors’ interest in consumer goods equities and a few bank shares. FBN Holdings led the march, supported by Nestle, Nigerian Breweries, United Capital and Presco. Of the five sector […]
Here’s how 2022 stock picks are doing year-to-date
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 […]
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 […]
MTN, TotalEnergies, Julius Berger top stocks to watch this week
The pace at which corporate results for the 2021 financial year were released gained new intensity last week, and the performances of some companies were strongly remarkable attractive enough for investment. At this time of the earnings season when performance is varied and mixed across sectors, analysts advise that investors watch out for stocks with […]
PRESCO leads decliners as NGX market cap dips by over N20 billion
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 11 basis points. The NGX ASI closed at 47,279.92 points, to reflect a decline of 0.11% from the previous trading day and a Year-to-Date (YTD) return of 10.68%. Meanwhile, the market capitalization decreased by N26.88 billion. […]
Presco Plc gains N9.5 billion in market value in one day, closes at N104.50 per share
At the end of today’s trading session, Presco Plc’s share price appreciated by 10.00% to close at N104.50 per share, taking the market capitalization from N95.00 billion to N104.50 billion. Presco Plc recorded a gain in share price which can be attributed to investors’ positive sentiment which triggered buy-interests in the shares of the company […]
Nigerian Equities Sustain Positive Vibes, Open Week Higher by 0.91%
By Dipo Olowookere The positive vibes seen at the Nigerian Exchange (NGX) Limited remained on Monday, January 31, 2022, with a further appreciation of 0.91 per cent. Data showed that buying pressure on Nigerian equities persistent at the last trading session of the first month of the new year, with interest in RT Briscoe, NGX […]
NGX moves 225.69 million shares worth N2.39 billion in bearish trading
Nigerian Exchange [Photo Creadit: Business Live Nigeria] The Nigerian Exchange Ltd. on Friday moved a total of 225.69 million shares worth N2.39 billion in 4,093 deals. This was against a turnover of 346.70 million shares valued at N3.83 billion exchanged in 4,952 deals on Thursday, a decrease of 34.90 per cent. Fidelity Bank was the […]
NGX gains N226 billion in last January trading
Nigerian Exchange [Photo Creadit: Business Live Nigeria] The nation’s bourse opened the week on Monday upbeat to close its last trading day in January with a gain of N226 billion driven by high demand for shares of MTN Nigeria Communications (MTNN). Specifically, the market capitalisation, which opened the week at N24.898 trillion inched higher by […]