Africa Prudential
Transactions close flat on NSE
Trading at the nation’s bourse closed flat on Wednesday with the All-Share Index (ASI), which opened at 24,174.45, closing at 24,173.53. Newsmen report that the ASI dropped by just 0.92 points or 0.004 per cent. Similarly, the market capitalisation lost one billion naira to close at N12.610 trillion against N12.609 trillion recorded on Tuesday. The marginal downturn witnessed in the market was due to losses in GlaxoSmithKline, Africa Prudential, Caverton, Sterling Bank and Consolidated Hallmark Insurance. Analysts at APT Securities and Funds Limited urged investors to position in fundamentally justified stocks. They noted that the market was set to rally in response to impressive half year earnings results. Eterna dominated the gainers’ chart in percentage terms, gaining 8.89 per cent, to ...
Nigerian stock market indices record first week loss of 1.27 per cent
The Nigerian Stock Exchange (NSE) on Friday recorded first week loss with the market indicators dropping 1.27 per cent due to profit taking. Specifically, the market capitalisation of listed equities dipped N161 billion or 1.27 per cent to N12.531 trillion compared with N12.692 trillion achieved on Thursday. Also, the All-Share Index dropped by 308.85 points or 1.27 per cent to close at 24,045.40 points from 24,354.25 on Thursday. MTN Nigeria dominated the losers’ chart, dropping by N8 to close at N112 per share. Guaranty Trust Bank trailed with a loss of 55k to close at N21.95, while BUA Cement was down by 40k to close at N31.90 per share. Guinness lost 30k to close at N18, while C & I Leasing depreciated by 20k to close at N4.50 per share On the other hand, Nigerian Breweries led the...
