News

Nigeria equities market closes Easter Holiday with 1.47% growth

Ihesiulo Grace 9 April 2020 0

Lagos – The Nigerian Stock Exchange (NSE) on Thursday extended positive stance, closing the Easter Holiday with a growth of 1.47 per cent. Specifically, the All-Share Index appreciated by 310.77 points or 1.47 per cent to close at 21,384.03 compared with 21,073.26 achieved on Wednesday.

Business

Price appreciation in Access, 8 others boost equities market by 0.02%

Ihesiulo Grace 13 February 2020 0

Due to price appreciation in nine shares, the equities market segment of The Nigerian Stock Exchange (NSE) closed on positive note, as the NSE All-Share Index (NSE ASI) on Wednesday gained 0.02 per cent, sustaining previous day uptrend. Specifically, the NSE ASI rose by 6.53 basis points or 0.02 per cent to 27,878.43 basis points […]

Business News

Demutualisation will activate idle capital, boost economic activities – Kurfi

Ihesiulo Grace 13 February 2020 0

As the demutualisation process of the Nigerian Stock Exchange (NSE) nears completion, the Managing Director, APT Securities and Funds Limited, Mallam Garba Kurfi, said that the exercise would boost economic activities and activate idle capital in the market. The NSE had announced that it would convene a mandatory Court-Ordered Meeting (COM) of its members to […]

Business

NSE: Market capitalisation gains N2.22trn in 7 days of trading

Ihesiulo Grace 13 January 2020 0

Lagos – The market capitalisation of the Nigerian Stock Exchange (NSE) rose N2.22 trillion or 17.10 per cent in seven trading sessions with the market maintaining upward trend since beginning of 2020. Data obtained on Sunday showed that the market capitalisation, which opened on Jan. 2 at N12.958 trillion rose by N2.22 trillion to close […]

News

NSE: Operators foresee positive performance in 2020

Ihesiulo Grace 26 December 2019 0

 Operators have expressed optimism that the nation’s bourse will witness positive performance in 2020 due to low interest rate in money market instrument and early passage of the budget. They stated this in separate interviews with the News Agency of Nigeria (NAN) in Lagos on Thursday, while reacting to the stock market expectations in 2020. […]

News

Stock Exchange: Trading maintains bearish trend, indices down by 0.19%

Ihesiulo Grace 11 October 2019 0

The bears maintained dominance on the Nigerian Stock Exchange (NSE) for the fifth consecutive day with the market indicators dropping by 0.19 per cent. The News Agency of Nigeria (NAN) reports that the All-Share Index on Friday lost 49.97 points or 0.19 per cent to close at 26,533.78 against 26,583.75 on Thursday. Also, the market […]

Business

Investors in equities market lose N335bn in 4 days

Ihesiulo Grace 7 October 2019 0

Investors in the equities segment of the Nigerian Stock Exchange (NSE) lost N335 billion in four days trading as high –mid capitalised shares on the Exchange recorded profit-taking. The federal government had declared Tuesday, October 1, 2019, a public holiday to mark the Nations 59th independence anniversary. Market statistics obtained by our correspondent showed that

Business News

Unity Bank leads other stocks in NSE top gainers

Ihesiulo Grace 21 November 2018 0

Although the benchmark index at the Nigerian Stock Exchange (NSE) closed in the red last week, Unity Bank Plc emerged as the best performing stock, appreciating by 30.99 per cent. Market information from the NSE showed that the Unity Bank stock opened at N0.71 and closed at N0.93, representing an increase of N0.22. With the […]

Business

NSE: Consumer goods sector top gainers’ table, trading up by 0.51%

Ihesiulo Grace 20 November 2018 0

Activities resumed on the Nigerian Stock Exchange (NSE) for the week on a positive trend with the market indices growing by 0.51 per cent, higher at 32,201.9 points on consumer goods blue chip companies bullish performance. For instance, Nestle recorded the highest price gain to lead the gainers’ table, appreciating by N20 to close at […]

Business Headlines

NSE: 10 firms record N1.37trn equities in 9 months

Ihesiulo Grace 4 October 2018 0

No fewer than 10 firms listed on The Nigerian Stock Exchange (NSE) traded N1.37 trillion values of equities in nine months, ended September 28, 2018. The firms include Stanbic IBTC Stockbrokers Limited; Rencap Securities (Nig) Limited; CSL Stockbrokers Limited; EFCP Limited; FBN Securities Limited and Chapel Hill Denham Securities Limited. Others are Cordros Securities

Business Headlines

How equities market investors lose N1.66trn in 9 months

Ihesiulo Grace 1 October 2018 0

Despite an early impressive price appreciation in leading blue chips companies listed on the Nigeria Stock Exchange (NSE), investors’ in the equities market have recorded total drop of N1.66 trillion on their investment in last nine months of 2018. The Daily Times checks showed that the equities market capitalisation, a parameter used in measuring the […]

Business Headlines

How 2019 uncertainty, others affected banks investment in August

Ihesiulo Grace 5 September 2018 0

…Banking shares drop by 8.64% on NSE …Late filing of results affected 2 banks shares-Analysts Following slow growth in Gross Domestic Product (GDP) to 1.50 per cent in second quarter of 2018 as against 1.95 per cent recorded in the first quarter of 2018, and uncertainty surrounding the 2019 general elections , not less than […]

Business Headlines

Revealed: How 5 banks gained N103.78bn in 6 months

Ihesiulo Grace 30 July 2018 0

A total of five out of 16 quoted commercial banks on the floor of the Nigerian Stock Exchange (NSE) have recorded total profit of N103.78 billion in the first six months of 2018. This amount represents N23.67 billion or 29.6 per cent increase reported by the five banks in six months of 2018 when compared […]

Business

Four listed companies to join NSE Premium Board

Ihesiulo Grace 13 April 2018 0

Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc will on Monday, April 16, 2018 be migrated to the Nigerian Stock Exchange Premium Board. The migration which is sequel to these companies  applications and meeting the Exchange’s listing requirements for the board. This will bring the companies listed on the […]

Business Capital Market

Equities market records biggest loss in March loses 1.51%

Ihesiulo Grace 7 March 2018 0

Nigeria’s equities market posted a loss of 1.51 per cent by the end of Wednesday’s trading session. The decline represents the biggest loss in the month so far as the All Share Index is down to 42,952.70 points. Analysts attribute the loss to investors booking profit on previous gains in major stocks. As a result […]

Capital Market

Afreximbank seeks $100m of $300m D.Receipt from Kenya

Ihesiulo Grace 11 September 2017 0

In a bid to attract the Kenyan investors to its ongoing Depository Receipt targeting $300 million, the African Export-Import Bank recently treated leading Kenyan investors to a breakfast meeting to present its equity offering. The offering is aimed at raising between $100m and $300m through the issuance of Depositary Receipts backed by its Class “D” […]

Business Capital Market News Oil & Gas

Mobil changes name

Ihesiulo Grace 8 August 2017 0

Mobil Oil Nigeria has sent a notice to the Nigerian Stock Exchange (NSE), informing dealing members and the investing public of its change of name from Mobil Oil Nigeria to 11 Plc. The change of name will take effect on the Nigerian Stock Exchange (NSE) on Friday, 11 August. NIPCO Plc, had last year acquired […]

News Nigeria

Zenith Bank set to decide interim dividend

Ihesiulo Grace 13 July 2017 0

The Management of Zenith Bank Plc is expected to meet on July 26, 2017 and decide on interim dividend payable to shareholders who invested in the financial institution. Zenith Bank’s Company Secretary/General Counsel, Mr. Michael Otu, in a statement, said that the group audited interim Accounts and financial has been filed to Central Bank of […]

Capital Market

Analysts predict decline profit, dividend in H1 2016

Ihesiulo Grace 12 July 2016 0

Capital Market analysts have predicted decline in profit and dividend payment to shareholders in half year results of quoted companies on The Nigerian Stock Exchange (NSE). They noted that the late policy of Central Bank of Nigeria (CBN) on foreign exchange, sharp and elongated decline in oil prices, banks hike in impairment charges for credit […]