The bears sustained hold on the equities sector of the Nigerian Stock Exchange (NSE) yesterday, as more blue-chip stocks depreciated in price, especially Wema Bank and Presco, causing the All-Share Index to decline further by 0.01 per cent. Specifically, the All-Share Index shed 3.46 absolute points, representing a dip of 0.01 per cent to close […]
Tag: XNSA_TRANSCORP
Stock market reacts to poll postponement, sheds N196bn
The nation’s capital market expectedly reacted negatively to the postponement of the 2019 general elections, as investors lost N196 billion at the end of trading on Monday. As of 12:02pm on Monday, the stock market had fallen by 1.92 per cent, by 2:00pm it fell further by 2.53 per cent, but as of the close […]
Transcorp set to pay final dividend for full-year 2018
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 […]
Stock market records highest daily loss in eight months
Feyisayo Popoola The nation’s equities market recorded its highest daily loss in eight months at the close of trading on the floor of the Nigerian Stock Exchange on Wednesday. Sell-offs drove the NSE All Share Index lower by a record 3.5 per cent to close at 32,292.79 basis points. The market capitalisation of listed equities […]
Equities Market Begins September Flat As ASI Down By 0.03%
Trading on the Nigerian equities market began the month of September on a slightly negative note as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) declined by 0.03 per cent, yesterday. NSE-ASI shed 10.95 absolute points, representing a decline of 0.03 per cent to close at 34,837.50 points. Also, the market capitalisation declined by N4 billion […]
Stock market opens September with N4b losses
Nigerian Stock Exchange Equity transactions on the floor of the Nigeria Stock Exchange (NSE), reopened September trading on a downward note yesterday, as most highly capitalised stocks recorded price depreciation, causing market capitalisation to plunge by N4 billion. Yesterday, the All-Share Index (NSE-ASI) declined by 10.95 absolute points, representing a decline of 0.03 per cent […]
Weekly Economic Index: CBN fines MTN, oil prices continue to rise
On Wednesday, the Nigerian office of African Telecommunications giant MTN was slammed with a huge fine by Nigeria’s apex bank and financial regulator, the Central bank of Nigeria (CBN) for violating extant laws and regulations on foreign exchange in the country. This comes after the CBN ordered an investigation to unearth the inconspicuous aspects of […]
These were the best performing stocks this week
Top Gainers The Nigerian Stock Exchange (NSE) ended the last trading week, and indeed the month of August, on a negative note. The All Share index fell by 1.63% during the week to close at 34,848.45 basis points. The index depreciated by 5.86% in August, and is down 8.88%, year to date. 37 equities appreciated […]
Transcorp plans to convert its OPL to OML in 2019
Transnational Corporation of Nigeria Plc has unfolded plans to convert its Oil Prospecting Licence (OPL) 281 asset (located in Delta state) to Oil Mining Lease (OML) for commercial production by second quarter (Q1) of 2019. Already, the company has engaged a new technical partner and is in the process of finalizing arrangement for the pre-exploratory […]
NSE-ASI Falls By 0.44% On Industrial, Consumer Goods Stocks
The Nigerian stocks market fell by 0.44 per cent amid renewed profit taking activity in Industrial and Consumer Goods stocks, reversing previous day’s positive sentiment. The Nigerian Stock Exchange-All Share Index (NSE-ASI) shed 157.27 absolute points, representing a decline of 0.44 per cent to close at 35,358.94 points. Also, the market capitalisation declined by N57 […]