Eighteen stocks, including six financial institutions-Unity Bank Plc, Fidelity Bank, First City Monument Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Plc and Wema Bank Plc dominated losers’ chart at yesterday’s trading on the Nigerian Stock Exchange (NSE). Other equities on the losers’ chart were Transcorp Plc, Cadbury Plc, May and Baker Plc, […]
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 […]
Union Bank fought a hard race on the volatility ranking last week, vaulting to second place behind Wema Bank the traditional leader of the volatility table. To emerge the second least volatile banking stock on the Nigerian Stock Exchange (NSE), Union Bank had volatility of 0.8128 while the leader, Wema Bank had a volatility raking […]
Goddy Egene The Nigerian Stock Exchange (NSE) yesterday lifted the trading suspension placed on the shares of Goldlink Insurance Plc for not filing the company accounts in accordance with the post-listing requirements of the exchange. According to the NSE, “ pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook […]
Goddy Egene The Nigerian equities market slumped to 15-month low yesterday on continuing bear run with the Nigerian Stock Exchange All-Share Index (NSE ASI) falling 1.25 per cent to close at 33,611.69, while market capitalisation shed N155.6 billion to close at N12.27 trillion. The market had lost 2.3 per cent last week in line with […]
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 […]
The recent sourcing of N50 billion through Commercial Paper (CP) issuance by Dangote Cement Plc has ignited fresh interest among companies to focus attention on that segment of the market, THISDAY checks have revealed. CPs are unsecured promissory notes with a fixed maturity of about nine months issued by companies to raise money to meet […]
**As Aiyesimoju Resumes as CEO By Dipo Olowookere Mr Babatunde Kasali has been appointed as the new Chairman of UACN Property Development Company Plc. This followed the resignation of Mr Larry Ettah as Chairman of the board of directors of the property firm listed on the Nigerian Stock Exchange (NSE). Mr Ettah resigned from the […]
11 Deposit Money Banks (DMB’s) listed on the Nigerian Stock Exchange (NSE) have reported a total of N64.557 billion in taxes for the first half of the year, 2018. The banks include Zenith Bank, Guaranty Trust Bank, Ecobank Transnational Corporation (ETI), Stanbic IBTC Group, FBN Holdings, FCMB Group and Diamond Bank. The figure represents a […]
The equities market recorded its third consecutive decline last week as investors confidence remained weak. Out of the four trading sessions, four were bearish with Dangote Cement Plc moving the market to its largest loss in 52 weeks last Thursday. Although the market rebounded last Friday, with a gain of 1.29 per cent, that was […]
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