United Bank for Africa Plc has announced its audited 2018 half year financial results, showing strong growth across key performance metrics as well as a significant contribution from its African subsidiaries. Despite declining yield environment in two core markets, Nigeria and Ghana, the pan Africa financial institution delivered double digit growth in gross earnings, as […]
Tag: XNSA_UBA
Equities Market Loses N42bn
Nigerian equities market yesterday began the trading week on a decline, to reverse the previous trading days’ positive trend, as investors lost N42billion. The Nigerian Stock Exchange -All Share Index (NSE-ASI) shed 114.81 absolute points, representing a decline of 0.32 per cent to close at 35,311.36 points. Also, the market capitalisation declined by N42 billion […]
NSE’s All-share index appreciates by 0.6 per cent
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, […]
Equity market rebounds, appreciates by N59bn
nigeria stock exchange Trading activities on the floor of Nigerian Stock Exchange (NSE) last week took upward trend, appreciating by N59 billion. Specifically market capitalisation of listed equities improved by 0.46 per cent to N12.933 trillion from N12.874 trillion reported the previous week. Also, the NSE All Share Index appreciated by 159.88 basis points to […]
Total Nigeria, 32 Others Lift Equities Market by 0.58%
By Dipo Olowookere Gains recorded by 33 counters led by Total Nigeria Plc on Tuesday reversed the loss posted on Monday by the stock market. The Nigerian Stock Exchange (NSE) had closed 0.32 percent lower yesterday, but buying interest by investors today lifted the market, closing 0.58 percent higher at the close of transactions. A […]
FMDQ appoints GTB, Diamond Bank MDs, others as directors
Feyisayo Popoola The Board of Directors of FMDQ OTC Securities Exchange has appointed the Managing Directors of Guaranty Trust Bank Plc, Mr Segun Agbaje, Diamond Bank Plc, Mr Uzoma Dozie, and three others, as non-executive directors. The FMDQ said in its July 2018 newsletter that the appointment of the five new directors, which was announced […]
Investors jostle for UBA ahead of interim dividend
United Bank for Africa (UBA) Plc has been the toast of the stock market in the past four weeks as investors sought to take positions ahead of the impending release of the audited half-year results and interim dividend of the commercial banking group. UBA was the most active stock last week with a turnover of […]
Market Capitalisation Closes at N12.9trn after 0.45% w-o-w Rise
By Modupe Gbadeyanka It was a brief trading week as the federal government declared Tuesday, August 21 and Wednesday, August 22, 2018 as public holidays in commemoration of the Eid-eI-Kabir. During the three-day trading week, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) and market capitalization appreciated by 0.45 percent to close the week at […]
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 […]
Equities investors gain N198bn after Sallah Break
Following the two-day holiday declared by the Federal Government to celebrate this year’s Eid-El-Kabir, the stock market resumed on Thursday on a positive note as equities investors gained N198 billion. The domestic bourse had recorded a bearish performance on Monday as the market capitalisation shed N219 billion to close at N12.66 trillion before the holiday. […]