Most transactions at the Nigerian equities market closed yesterday at higher prices but losses recorded by large-cap stocks overshadowed the overall market position. Benchmark indices at the Nigerian Stock Exchange (NSE) indicated average decline of 0.32 per cent, representing a net capital depreciation of N42 billion. With 26 gainers to 14 losers, most sectoral indices […]
Tag: XNSA_TOTAL
Equity market sustains downward trend, dropping N13bn
nigeria stock exchange The nation’s equity market has sustained negative trend as anxiety in the political environment continues to mount pressure business activities ahead of 2019 election. Specifically, Market Capitalisation of listed equities depreciated by N13 billion or 0.09 per cent to N13.249 trillion from N13.261 trillion reported the previous day. The NSE All Share […]
Dangote Cement, GTB, others lead stock market’s N198b gain
• Investors enjoined to trade cautiously in near term Following price gains recorded by major highly capitalised stocks, especially Dangote Cement, and Guaranty Trust Bank (GTB), transactions on the equity sector of the Nigerian Stock Exchange (NSE), reopened in an upbeat after the two days holiday to mark the Eid-el Kabir celebration yesterday.Market capitalisation rose […]
Stocks Market Declines By 0.09% On Weaker Demand
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 […]
Banking Stocks Dominate Trading as Investors Lose N12b
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 […]
Total Nigeria Plc Q2 2018 Results Review: Neutral Rating Maintained Despite Upside Potential
Increase of 25% to our 2018-19E EPS estimates Total Nigeria’s (Total) Q2 2018 earnings of N4.0bn grew by 107% y/y and ahead of our expectations. Therefore, we have raised our EPS estimates over the 2018-19E period by around 25% on average, and our price target by 15% to N359.0 as we roll forward our valuation […]
CAMA allows shareholders to be members of audit committee —Adebisi
National Coordinator, Independent Shareholders Association, ISAN, Mr. Adeniyi Adebisi, in this interview with Financial Vanguard spoke on audit committee membership and the provision of CAMA as well as government policy that affects the petroleum marketing companies quoted on the Nigerian Stock Exchange, NSE. Excerpts W HAT is your view about shareholders occupying audit committee positions […]
Financial Stocks Drive Market Performance as Bulls Resurface
By Dipo Olowookere Gains recorded by financial stocks, especially shares in the banking sector, lifted the equities market on Thursday, reversing the loss recorded on Wednesday. The stock market rose yesterday by 0.21 percent following gains reported by 24 stocks buoyed by the return of positive sentiment to the market. At the close of transactions, […]
How Total released $10 billion into Nigeria’s economy
Total Nigeria Plc The Executive General Manager, Corporate Social Responsibility (CSR), Total E&P Nigeria Limited, Vincent Nnadi said the company has released $10 billion into the Nigerian economy . Nnadi made this known during the Total Business Sustenance for New Entrepreneurs Graduation ceremony, adding that the aforementioned amount was the company’s investment into the economy […]
Total Nigeria Plc Q2 2018 Results – Reduced Input Cost And Tax Charges Propel Earnings
Total Nigeria Plc released its half year result reporting EPS of N16.71 for the first half of 2018, up by 23.2% relative to H1 17. The improvement in earnings largely mirrored improved core earnings borne out of reduced input cost and higher receipts as well as lower effective taxes in the review period. Over the […]