Nigerian Stock Exchange
Trading remains upbeat on NSE, index up 1.28%
Activities on the Nigerian Stock Exchange on Friday remained upbeat for the fifth consecutive day, with the All-Share Index growing by 1.28 per cent to cross 26,000 mark. The index rose by 332.20 points or 1.28 per cent to close at 26,319.34, compared with 25,987.14 recorded on Thursday. In the same vein, the market capitalisation grew by N173 billion to close at N13.754 trillion, from N13.581 trillion on Thursday. Nigerian Breweries led the gainers’ table, appreciating by N4.70 to close at N52.55 per share. Presco followed with N3.50 to close at N53, while Dangote Cement appreciated by N3.10 to close at N139 per share. Stanbic IBTC garnered N1.40 to close at N40.50, while Flour Mills gained N1.35 to close at N21.50 per share. On the other hand, Northern Nigeria Flour Mills topped the lagg...
NSE market indicators resume week with 0.01% growth
The market indicators of the Nigerian Stock Exchange (NSE) resumed transactions for the week on Monday with a marginal growth of 0.01 per cent, amid cautious trading. Speficially, the market capitalisation which opened the week at N13.364 trillion rose by one billion naira or 0.01 per cent to close at N13.365 trillion. Also, the All-Share Index appreciated by 1.78 points or 0.01 per cent to close at 25,574.35 from 25,572.57 posted on Friday. The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Presco, UACN, International Breweries, MTN Nigeria Communications and Guaranty Trust Bank. This week, United Capital Plc expected to see some buying interest in the equity market, ahead of third quarter 2020 financials. Also, analysts at Afrinvest Limi...
NSE market indices gain 0.07 percent
The Nigerian Stock Exchange on Monday closed the last trading day of August with a growth of 0.07 per cent, following sustained positive sentiment. Specifically, the All-Share Index rose by 17.76 points or 0.07 per cent to close at 25, 327.13 compared with 25,309.37 achieved on Friday. Similarly, the market capitalisation improved by nine billion naira or 0.07 per cent to close at N13.213 trillion against N13.203 trillion posted on Friday. The upturn was impacted by gains recorded in large and medium capitalised stocks, amongst which are: Mobil Nigeria, Dangote Cement, Lafarge Africa, Vitafoam and BUA Cement. Analysts at United Capital Plc said, “This week, we expect to see some profit taking, given the bullish performance in the last two weeks.” Mobil led the gainers’ chart in percentage ...
NSE: Trading sustains positive trend, up by 0.31 per cent
Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent. The post NSE: Trading sustains positive trend, up by 0.31 per cent appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Nigerian Breweries earns N152 billion revenue in six months
Nigerian Breweries Plc says it earned a revenue of N152 billion for the half-year (H1) ended June 30, 2020. The post Nigerian Breweries earns N152 billion revenue in six months appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
President Buhari presides over virtual FEC meeting
Expectedly, President Muhammadu Buhari Wednesday presided over his 10th virtual Federal Executive Council (FEC) which also had in attendance his Vice, Professor Yemi Osinbajo, and eight ministers physically present. The meeting holding at the Council Chamber, Presidential Villa, Abuja, is also being attended by the Secretary to the Government of the Federation (SGF), Boss Mustapha, Chief of Staff to the President, Professor Ibrahim Gambari, and the National Security Adviser (NSA), Major General Babagana Monguno (retd). The ministers who are present are the Attorney-General of the Federation (AGF) and Minister for Justice, Abubakar Malami, Informatoon and Culture, Lai Mohammed, Finance, Budget and National Planning, Mrs. Zainab Ahmed, Aviation, Senator Hadi Sirika, Interior, Rauf Aregbesola...
Access Bank acquires Kenya’s Transnational Bank
Following its first announcement in October 2019, Access Bank Plc has announced the successful completion of the acquisition of Transnational Bank Plc, of Kenya (TNB). The Bank made this known through a statement signed by its Company Secretary, Sunday Ekwochi. “Access Bank Plc is pleased to inform the investing public and the Nigerian Stock Exchange of the Bank’s successful completion of the acquisition of Transnational Bank (Kenya) Plc. This follows the receipt of full regulatory approvals and fulfillment of all conditions precedent to completion,” the statement read. Commenting on the acquisition, Herbert Wigwe, the Group Managing Director, Access Bank PLC, said, “We are excited to make an entry into the vibrant Kenyan market. We pledge to put our customers at the forefront of everythin...
NSE market capitalisation opens week with N162 billion loss
The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a loss of N162 billion in a day. Specifically, the market capitalisation which opened at N12.695 trillion lost N162 billion to close at N12.533 trillion. Also, the All-Share Index (ASI) shed 310.07 points or 1.27 per cent to close at 24,026.05 compared with 24,336.12 achieved on Friday. The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are Nestle, Beta Glass, BUA Cement, Julius Berger and C & I Leasing. In spite of the decline on the first trading day, analysts at Afrinvest Limited expected bargain hunting to drive gains in the next trading session. Analysts at APT Securities and Funds Limited, on their expectations, said, “We expect a slowdown in mark...
Nigerian stocks down by N1.14 trillion in first half
Nigerian stocks closed the first half down with average loss of 8.80 per cent, equivalent to net capital depreciation of N1.14 trillion as investors struggled with a threesome of domestic macroeconomic uncertainties, global decline in crude oil price and trade wars and the ravaging COVID-19 pandemic. Benchmark indices at the Nigerian Stock Exchange (NSE), which are generally regarded as sovereign equity indices for Nigeria, showed that Nigerian stocks swiveled through steep decline in first quarter and a major recovery in early months of the second quarter, closing the six-month period with net loss of N1.14 trillion. The All Share Index (ASI), a common value-based index that tracks all share prices at the Exchange, closed first half at 24,479.22 points as against 26,842.07 points recorded...
NSE upgrades data portal to improve market access
The Nigerian Stock Exchange (NSE) on Monday announced the upgrade of its Data Portal (X-DataPortal) to revamp and improve market accessibility for subscribers. Mr Oscar Onyema, Chief Executive Officer of the exchange, said in a statement in Lagos that the portal upgrade was to explore digital technologies to provide top notch accessibility. Onyema said: “The upgrade of the X-DataPortal is in line with the desire of the NSE to continue providing an exchange that is easily accessible, leveraging digital technology. “The newly enhanced X-DataPortal has, therefore, been equipped with market-focussed features that will complement the NSE website and other NSE portals in response to stakeholders’ increased demands for easy access to data. “Given the importance of Market Data in investment decisi...
Trading resumes after Eid-el-Fitr celebration with 0.07% growth
The Nigerian Stock Exchange (NSE) reopened trading on Wednesday after the public holidays to mark the Eid-el-Fitr celebration with a marginal growth of 0.07 per cent. Speficially, the All-Share Index rose by 16.48 points or 0.07 per cent to close at 25,221.23 compared with 25,204.75 achieved on Friday. Similarly, the market capitalisation which opened at N13.135 trillion garnered N9 billion or 0.07 per cent to close at N13.144 trillion. The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Nigerian Breweries, Dangote Cement, Stanbic IBTC Holdings, Guinness Nigeria and Dangote Sugar Refinery. Market breadth remained positive with 32 gainers compared with 11 losers. A breakdown of the price movement chart indicates that Nigerian Breweries led t...
Nigerian stock market capitalisation opens week with N37 billion growth
The Nigerian Stock Exchange (NSE) resumed trading for the week on Monday on a positive trend, with the market capitalisation rising by N37 billion. Speficially, the market capitalisation which opened at N12.440 trillion rose by N37 billion to close at N12.477 trillion, indicating by 0.30 per cent. Also, the All-Share Index grew by 70.42 points or 0.30 per cent to close at 23,941.75 against 23,871.33 achieved on Friday. The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Okomu Oil, MTN Nigeria, Unilever Nigeria, Lafarge Africa and GlaxoSmithKline. Analysts at Imperial Asset Managers Ltd stated that “This week, we expect market sentiment to be mild considering that risks remains broad following the increasing new cases of COVID-19 in Nigeria. ...
