By Taofik Salako, Deputy Group Business Editor The Nigerian Stock Exchange (NSE) has removed 17 companies from its market-gauging indices to ensure that the indices fully reflect the market situation and the underlying fundamentals they represent. At the end of the annual full-year market index review, the NSE removed 17 companies from seven indices while […]
Tag: XNSA_UAC-PROP
Access Bank, GTBank Join Growth Index as NSE Review Market Indices
The Nigerian Stock Exchange (NSE) has made its annual full year review of the market indices which includes: the NSE 30, NSE Lotus Islamic, NSE Pension, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index and the five sectoral indices comprising the NSE Banking, NSE Insurance, NSE […]
NSE reveals results of full year review of market indices
The Nigerian Stock Exchange (NSE), the premier sustainable exchange servicing Africa’s largest economy, has announced the results of its annual full year market index review for the following indices – the NSE 30, NSE Lotus Islamic, NSE Pension, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index; […]
All-Share Index Year-to-date Growth Hits 32.2%
The year-to-date (YTD) growth of the Nigerian Stock Exchange (NSE) All-Share Index (ASI) hit 32.2 per cent yesterday on the back of the continued bull run. The market has recorded positive performance in the past three days with the NSE ASI gaining 0.76 per cent to close at 35,493.15. The sustained gains have boosted the […]
Nigeria: All-Share Index Year-to-Date Growth Hits 32,2%
The year-to-date (YTD) growth of the Nigerian Stock Exchange (NSE) All-Share Index (ASI) hit 32.2 per cent yesterday on the back of the continued bull run. The market has recorded positive performance in the past three days with the NSE ASI gaining 0.76 per cent to close at 35,493.15. The sustained gains have boosted the […]
Profit-taking persists as investors wealth plunge further by N278b
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), continued southward for the third successive sessions, as investors wealth plunged by N278 billion The All-Share Index (ASI) lost 531.25 absolute points or 1.53 per cent to close at 34,242.83 points. Similarly, the overall market capitalisation value also shed N278 billion to close at […]
TOTAL, GTBank lead Nigeria Stocks up, investors gain a whopping N350 billion W/W
The Nigerian stock market opened for four trading days this week as the Federal Government of Nigeria declared Thursday 1st October 2020 a Public Holiday. The All-Share Index appreciated by 2.53% while Market Capitalization appreciated by 2.55% to close the week at 26,985.77 and N14.105 trillion respectively. Investors gained a whopping N350.12bn. A total turnover […]
UAC Nigeria Records N9.6bn Loss as Auditor Raises Red Flag
By Dipo Olowookere It was a disappointing year for one of the leading conglomerates in the country, UAC of Nigeria Plc, going by its financial statements for the year ended December 31, 2018. The numbers churned out by the company at the weekend showed that things went south during the year. For instance, the revenue […]
Flour Mills, UACN Property Raise N20.5bn to Bolster Operations
By Dipo Olowookere In order to improve their performances, the managements of Flour Mills of Nigeria Plc and UACN Property Development Company Plc have sold commercial papers worth N20.5 billion to investors. Flour Mills issued N5.18 billion Series 5 and N1.74 billion Series 6 commercial papers under a N100 billion CP Issuance Programme, while UACN […]
Flour Mills, UACN list N20.50bn commercial papers on FMDQ
Flour Mills of Nigeria Plc and UACN Property Development Company Plc have listed N20.50bn commercial papers on the FMDQ OTC Securities Exchange. The FMDQ, in its monthly newsletter, said it maintained its support for the development of the Nigerian commercial paper market by steadfastly availing its highly efficient and credible platform for the registration, listings, […]