Nigerian Stock Exchange Hopes for a bulls’ run dimmed yesterday, following renewed profit-taking by investors at the Nigerian Stock Exchange (NSE), as the bears took centre stage again on equity transactions, reversing the Tuesday’s positive sentiment, as market capitalisation depreciated by N57billion. Specifically, at the close of transactions yesterday, the All Share Index (NSE-ASI) shed […]
nigeria stock exchange Trading activities on the floor of Nigerian Stock Exchange yesterday returned to bullish trend, gainig N75 billion. Specifically, market capitalisation of listed equities increased by 0.58 per cent to N12.966 trillion from N12.891 trillion reported on Monday. Also, the NSE All Share Index rose by 204.85 basis points to 35516.21 points from […]
Nigerian Stock Exchange It was a quick reversal of Monday’s negative sentiments yesterday, following price gains recorded by most blue-chip stocks, the Nigerian equity market as the all-share index appreciated by 0.6 per cent. The improved performance was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Total Nigeria, Flourmills Nigeria, […]
’Femi Asu Transnational Corporation of Nigeria Plc has announced its intention to divest its stake in Teragro Commodities Limited, its agribusiness subsidiary. The company, in a notice to the Nigerian Stock Exchange, said it disclosed in its 2017 Annual Report that a careful review of the long-term proposition of its play in the juice concentrate […]
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 […]
• 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 […]
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 […]
research@cardinalstone.com The Payment Assurance Guarantee (PAG) is expected to further improve TRANSCORP’s liquidity in H2’18. The prospect of top line growth is strengthened by our anticipated growth in generation capacity to 589 MW in FY’18 (FY’17: 421 MW). Similarly, we expect higher patronage of TRANSCORP’s hotels in H2’18, stemming from pre-election activities during the period. […]
research@cardinalstone.com The Payment Assurance Guarantee (PAG) is expected to further improve TRANSCORP’s liquidity in H2’18. The prospect of top line growth is strengthened by our anticipated growth in generation capacity to 589 MW in FY’18 (FY’17: 421 MW). Similarly, we expect higher patronage of TRANSCORP’s hotels in H2’18, stemming from pre-election activities during the period. […]
Transnational Corporation of Nigeria Plc (Transcorp) has disclosed plans to convert its Oil Prospecting License (OPL) 281 asset into a Oil Mining Lease (OML) for commercial production by second quarter of 2019. This was confirmed by the company’s Chief Executive Officer (CEO), Adim Jibuno, during Transcorp investors conference held, yesterday, in Lagos. Conversion of OPL […]
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