The reign of the bulls continued unabated on the equities sector of the Nigerian Exchange Limited (NGX), as many blue-chip stocks, especially BUA Foods and Academy Press join the league of gainers, resulting in a further rise in the All-Share Index (ASI) by 0.3 per cent. Specifically, the market capitalisation of listed equities increased by […]
Nigerian Stock Market trade floor (Photo Credit: Bloomberg) The domestic equities market sustained its positive run on Thursday as demand for Lafarge Africa and FBN Holdings spurred a third consecutive gain in the market. Specifically, the All-Share Index inched higher by 131.19 points or 0.30 per cent to close at 43,607.94 from 43,476.75 posted on […]
BUA Cement Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) gained N70 billion on sustained bargain hunting in BUA Foods, Lafarge Africa, Nigerian Exchange Group (NGXGroup), UAC of Nigeria (UACN), United Capital and 20 other stocks. The appreciation drives NGX All Share Index (ASI) by 131.19 basis points or 0.30 per cent […]
By Dipo Olowookere Nigerian Exchange (NGX) Limited has rejigged its market indices, with some companies leaving and joining, according to a statement made available to Business Post . It was stated that the review became effective from Tuesday. January 4, 2022, and the affected indices are the NGX 30, NGX Lotus Islamic, NGX Pension, Corporate […]
Unilever Nigeria Plc has maintained the course of a turnaround from a loss of N1.5 billion in the same quarter last year to a profit of over N1 billion at the end of the third quarter. The company traded at a profit of N368 million in the third quarter, consolidating its position after returning to […]
Activities in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure. Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from 42,167.91 on Friday. Consequently, the month-to-date loss increased to 2.9 per cent, while the year-to-date […]
The Nigerian Stock Exchange building (image used for illustration) [Reuters/Akintunde Akinleye] Activities in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure. Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from 42,167.91 on Friday. Consequently, […]
YEAR 2020 was no doubt a tough year for businesses in Nigeria and across the world with the attendant effects of COVID-19 pandemic disruptions in economic activities. This was as the global economy was hit by the worldwide lockdown on movements and restrictions with policies that affected and discouraged investments. Unfortunately, the impact of COVID-19 […]
Two years after listing shares on the Nigerian Exchange Limited (NGX), MTN Nigeria Communications Plc, yesterday, announced the Group’s plans to sell up to 575 million shares by way of a book build to institutional investors and fixed price to retail investors. According to the company, the offer is expected to open in November 2021, […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) depreciated by N13 billion in its Week-on-week (WoW) performance as bearish sentiment resurfaced on the domestic bourse. Investors profit-taking in Unilever Nigeria Plc, Nigerian Exchange Group (NGXGroup) and CUTIX Plc shares down the market capitalisation to N21.926trillion last week. Hence, the NGX All-Share Index […]
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