Stock exchange. Photo/PIXABAY Profit-taking in many blue-chip stocks, especially in UPDC Real Estate Investment Trust (UPDC REITS) and Japaul Gold and Ventures, dragged transactions on the Nigerian Exchange Limited (NGX) to reverse gains, causing market capitalisation to dip by N49 billion. In summary, the All-Share Index (ASI) dropped 93.60 absolute points, representing a decrease of […]
The stock market of the Nigerian Exchange Limited (NGX) reversed prior day’s loss with a gain of 0.41 per cent amid investors renewed interest on 21 stocks. The market positive performance yesterday was driven by price appreciation in large and medium capitalised stocks, which are Nigerian Breweries Plc, Guinness Nigeria Plc, MTN Nigeria Plc, Cadbury […]
The Nigerian equities market yesterday closed transaction on a negative note by shedding N25 billion to halt the five consecutive days gaining streak, as the Central Bank of Nigeria (CBN) held all policy parameters unchanged. The downturn was due to investors’ sell-off sentiment in some bellwether stocks, as the market awaits the release of more […]
Nigerian stock market trading floor brandspur Consequently, the month-to-date and year-to-date losses moderated to 1.3 per cent and 2.4 per cent, respectively. Stock market gain was driven by price appreciation in large and medium capitalised stocks. The include Stanbic IBTC Holdings, MTN Nigeria Communications (MTNN), GlaxoSmithKline Consumer Nigeria, UPDC Real Estate Investment Trust and Lafarge […]
Nigeria’s oldest surviving company and largest conglomerate, UAC of Nigeria (UACN) Plc is willing to acquire more companies as part of organic and inorganic growth strategies aimed at accelerating the growth of the widely diversified group. Group Managing Director, UAC of Nigeria (UACN) Fola Aiyesimoju said the conglomerate will explore acquisitions to hasten its growth […]
Trading on the Nigerian Stock Exchange (NSE) reversed to negative on Tuesday with the market indicators dropping by 0.19 per cent, amid profit taking in Stanbic IBTC and Nigerian Breweries. Specifically, the All-Share Index lost 75.32 points or 0.19 per cent to close at 40,494.35 from 40,571.67 recorded on Monday. Consequently, the month-to-date loss increased […]
Recently , the National Bureau of Statistics (NBS) revealed that the October 2020 Consumer Price Index (CPI) increased by 14.23 percent (year-on-year). The rise represents 0.52 percent, compared to the rate recorded in September 2020 (13.71 percent). The CPI is used to measure the inflation rate in an economy. Nigeria’s Gross Domestic Product ( GDP […]
Unit holders of UPDC Real Estate investment Trust (UPDC REIT), managed by FSDH Asset Management Limited, have commended the Trustees for the total distribution of N1.4 billion for the year ended December 31, 2017. This represents 90 per cent of the income realised for the period. The unit holders, who spoke at the 4th yearly […]
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