Sovereign Trust Insurance Plc has launched a process to raise N2.085 billion through rights issue as the company seeks to beef up its capital base to position it in better stead for large-ticket transactions. The company through Dynamic Portfolio Limited, its stockbrokers, plans to raise N2.085 billion by way of rights to existing shareholders. The […]
By Dipo Olowookere Authorities of the Nigerian Stock Exchange (NSE) have announced the review of composition of its market indices, with some publicly quoted companies exiting and joining various indexes. In a statement, the stock exchange management said the NSE-30, and its eight sectoral indices; NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Industrial, NSE […]
Goddy Egene The Nigerian equities market slumped to 15-month low yesterday on continuing bear run with the Nigerian Stock Exchange All-Share Index (NSE ASI) falling 1.25 per cent to close at 33,611.69, while market capitalisation shed N155.6 billion to close at N12.27 trillion. The market had lost 2.3 per cent last week in line with […]
Feyisayo Popoola The nation’s equities market extended its decline on Thursday as it shed N111bn following the price depreciation recorded by 31 stocks at the close of trading. The All-Share Index and market capitalisation of equities listed on the Nigerian Stock Exchange fell by 0.88 per cent to close at 34,110.22 basis points and N12.452tn […]
Sovereign Trust Insurance Plc said its profit after tax rose by 569 percent at end of financial year ended 31, December 2017. According to statement released by the company’s Head, Corporate Communications & Brand Management, Mr. SegunBankole, Profit after tax rose to N157million, a 569 per cent increase when compared with the sum of N23million […]
The Nigerian equity market yesterday tumbled for the fourth consecutive trading day, as sell pressure was unabated, producing 19 losers against 16 gainers. Key market indicators, the NSE ASI declined by 0.09 per cent, as bargain hunters continued to remain on the sideline following growing political tension. Consequently, the All-Share Index dipped 33.98 basis points […]
At the close of equities trading on the Nigerian Stock Exchange (NSE) yesterday, the All-Share Index (ASI) declined by 0.09 per cent amid sustained sell pressure. The NSE-ASI shed 33.98 absolute points, representing a decline of 0.09 per cent to close at 36,299.82 points, while year-to-date loss worsened to 5.08 per cent, lowest since October […]
By Modupe Gbadeyanka For the third consecutive session, transactions at the nation’s bourse ended on a negative note on Wednesday, closing 0.09 percent lower to sink the Year-to-Date (YtD) returns deeper to -5.08 percent. The loss recorded during the mid-week trade was mainly attributed to the poor performance of the banking and the oil and […]
Losses extended in the Nigerian stocks market for the third consecutive week, as the market fell week-on-week (w-o-w) by 0.51 per cent on sustained bearish activity despite 50.55 per cent improvement in turnover for the week. The All Share Index (ASI) shed 180.18 points or 0.51 per cent w-o-w to settle at 35,446.47 points while […]
Brokers on the floor of Nigerian Stock Exchange in Lagos. Continued share price depreciation on the equity sector of the Nigerian Stock Exchange (NSE), yesterday pulled the market capitalisation further down by N110 billion. At the close of trading yesterday, All-Share Index (NSE-ASI) shed 303.16 absolute points, representing a decline of 0.81 per cent to […]
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