The domestic equities market, Nigerian Stock Exchange (NSE), extended gains into the third consecutive trading session following price appreciation in Stanbic IBTC (5.0 percent), Guaranty Trust Bank (1.9 percent) and Access Bank (0.8 percent). As a result, the all-share index (ASI) rose by 0.2 percent to settle at 24,882.04 points, compared to Tuesday's 24,841.94 points. Investors gained N20.9 billion against N39.6 billion [...]
Tag "Nigerian Stock Exchange"
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Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with gains in Zenith Bank (3.7 percent), Guaranty Trust Bank (1.3 percent) and Nigerian Breweries (3.2 percent). The all-share index (ASI) rose to 0.3 percent higher to settle at 24,841.94 points, compared to 24,766.12 points recorded on Monday. This made investors gain N39.6 billion as market capitalisation increased to [...]
TheSignature50, a ranking of Nigeria's biggest corporations, has listed Dangote Cement as the biggest Nigerian company by market capitalisation. The ranking is done annually in partnership with The Nigerian Stock Exchange to rank Nigerian companies by minimum market capitalisation of $50 million. Market capitalisation is the total value of a company based on the current market price of its shares and the [...]
Trading on the Nigerian Stock Exchange opened the week bearish as the all-share index lost seven basis points (0.07 percent) due to sell-offs in some banking stocks to close at 24,269.58 points as against 24,287.66 points on Friday. Consequently, investors lost N9.4 billion as market capitalisation declined to N12.660 trillion in contrast with the opening N12.669 trillion. Year-to date (YTD) and month-to-date [...]
The bearish sentiment persisted among investors in the Friday trading session as the all-share index (ASI) declined for the third time in the last five days. This negative trend was recorded on Monday (-44 basis points); Tuesday (-34bps); and on Friday (-17bps), with gains only on Wednesday (6bps) and Thursday (82bps). Consequently, market capitalisation depreciated to N12.669 trillion as against the [...]
Investors on the Nigerian Stock Exchange (NSE), on Friday, traded 174.68 million shares valued at N2.01 billion in 3,695 deals. This was in contrast with a turnover of 171.21 million shares worth N2.21 billion exchanged in 3315 deals on Thursday. A breakdown of the activity chart indicates that Mutual Benefits Insurance was the toast of investors, accounting for 26.59 million shares valued [...]
The Nigerian Stock Exchange (NSE) says its trading floors would be closed temporarily from Tuesday, March 24. In a statement released on Monday, Oscar Onyema, NSE chief executive officer, said the bourse would engage in remote trading during the period. He said the decision was necessary due to recent developments in the country. "With the significant growth in new cases, effective March 24, [...]
The market capitalisation of shares belonging to MTN Nigeria on the Nigerian Stock Exchange dropped by N30.5 billion at the end of the trading on Wednesday. MTN's shares, which opened at N140 per share, lost N1.50 to close at N138.50. The telecommunications company, which is Nigeria's largest, announced in a statement on Wednesday that all its offices and service centres will be [...]
The Nigerian Stock Exchange (NSE) has delisted the entire issued share capital of First Aluminium Nigeria from its daily official list. Godstime Iwenekhai, NSE's head of listings regulation department, said the shares were delisted on Wednesday after the company applied for a delisting. Iwenekhai said that the delisting was further to its market bulletin of May 13 which notified dealing members of [...]
The Nigerian Stock Exchange (NSE) has announced the postponement of the planned listing of Airtel Africa. The telecommunication company had planned to list its shares on the NSE on July 5. However, the NSE said the listing of Airtel Africa had been postponed over "approval prerequisites". “The cross border secondary listing of 3,758,151,504 ordinary shares of Airtel Africa Plc has been postponed from [...]
MTN Group says it has appointed Lamido Sanusi, emir of Kano and former governor of the Central Bank of Nigeria, as a non-executive director on its board. In a statement released on Friday, the Johannesburg-based telecommunications company also announced the appointment of Mcebisi Jonas, South Africa's former deputy finance minister, as chairman. Jonas will replace Phuthuma Nhleko, its present chairman, who is [...]
Bismarck Rewane, chief executive officer of Financial Derivatives Company, has resigned from the board of FCMB Group Plc. Before his resignation, Rewane had been an independent non-executive director of the bank since 2002, and serves on the boards of several blue-chip companies within corporate Nigeria. In a disclosure on the Nigerian Stock Exchange (NSE) on Tuesday, FCMB said his resignation was accepted [...]
The market capitalisation of the Nigerian Stock Exchange (NSE) shed N85 billion in what traders have attributed to profit taking in reaction to the results of the presidential poll. The market, which opened at N12.194 trillion, closed at N12.109 trillion after six hours of trading on Tuesday. Also, the All-Share Index lost 226.30 points or 0.69% to close at 32,473.82, compared with [...]
Investors on the Nigerian Stock Exchange lost N196 billion on Monday due to profit-taking activities during the five hours of trading on the bourse. The All-Share index, which opened at 32,715.50, lost 525.43 points to close at 32,190.07 with market capitalisation closing at N12.004 trillion as against its opening N12.200 trillion. Financial analysts had predicted a sour trading day after the Independent [...]
Alpha Trust Investment Club (ATIC), an online group, has urged its members to make use of investment opportunities on the platform to build a sustainable financial base. Remi Adeoye, founder of ATIC, said this when members of the group converged on Ikeja in Lagos on Saturday. He said the platform presents many opportunities in the stock exchange sector. Adeoye said the group which [...]
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