Darasimi Adebisi The Nigeria equities market yesterday sustained prior day’s gains by N24.92 billion, due to buying interest in MTN Nigeria Communications (MTN) and 13 others. At the close of trade, the Nigerian Exchange Limited (NGX) All Share Index (ASI) increased by 47.84 basis points, representing a growth of 0.12 per cent to close at […]
Nigerian Exchange Group (NGX) Transactions on the Nigerian Exchange Limited (NGX) sustained a sliding profile yesterday, to end trading for the month of August lower, as sell-pressure in highly capitalised stocks dragged market capitalisation further by N56 billion. Specifically, at the close of transactions yesterday, the All Share Index (ASI) fell by 107.06 points or […]
Negative trading persisted on the Nigerian Exchange (NGX) Ltd on Tuesday with key market indices dropping further by 0.27 per cent due to end of month rebalancing. Consequently, the NGX All-Share Index closed the last trading day in August negative, dropping 108.06 points or 0.27 per cent to 39,218.61 from 39, 326.67 on Monday. Accordingly, […]
The sentiment was relatively bearish on African equity markets this week. Among the 17 markets we cover, ten retreated while seven advanced. The Lusaka Stock Exchange led the pack as Zambian equities gained 3.35%. Conversely, the Nairobi Securities Exchange was the laggard. Kenyan equities dropped 4.13% this week, the most on the continent. West Africa […]
Specifically, the market capitalisation shed N38 billion or 0.21 per cent to close at N18.327 trillion from N18.365 trillion achieved on Friday. Also, the All-Share Index which opened at 35,137.99 lost 73.63 points to close at 35,064.36. Consequently, month-to-date and year-to-date gains moderated to 0.1 per cent and 30.6 per cent, respectively. The downtrend was […]
Goddy Egene The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the unprecedented growth recorded in the month of November, many investors have been locking in profits. Despite the pockets of profit taking, the market had maintained a positive weekly performance. However, that positive momentum […]
Across the world, the impact of the novel coronavirus is still severe despite the ease of lockdown for economic reasons. The uncertainty continues to heighten and no economy is spared from the fall-out from the COVID-19 outbreak. Many African capital markets are bearish: Namibia, South Africa, Mauritius, Egypt, Morocco, Kenya, Ghana, Malawi and a few […]
Transcorp hotels Shareholders of Transnational Corporation of Nigeria Plc, have commended the Board and Management for their remarkable achievements recorded in the financial performance in 2018. Transcorp’s results for the financial year ended December 31, 2018, showed that the Group’s revenue hit an impressive N104.16billion representing a 30% revenue growth compared to the preceding year’s […]
Valentine Ozigbo Nigeria’s leading diversified listed conglomerate, Transnational Corporation of Nigeria Plc (Transcorp), has announced plans to pay a dividend of 3 kobo per ordinary share for the period ended December 31, 2018. The dividend payment is subject to appropriate withholding tax and shareholders’ approval, after which it will be paid to shareholders whose names […]
Corporate actions are decisions taken by companies’ boards of directors or management teams, that could have impacts on the firms themselves or shareholders. Examples of corporate actions include the release of quarterly and full year results, payment of dividends, closing of shareholders’ registers, announcing qualification dates and Annual General Meeting (AGM) dates. Here is a […]
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