Post-election apathy, liquidity shortfall pare investors’ fortune
A significant shortfall in availability of cash at the disposal of money market operators, occasioned by increased post-election apathy, has continued to fuel persistent sell pressure on the equities sector of the Nigerian Stock Exchange (NSE), causing investors’ wealth to plunge further by 2.5 per cent as at Friday. A review of market performance last…
Market rebounds by 0.7% on expectations of bumper earnings
After few days of downturn, expectations of brighter outlook on companies’ performance for the 2018 financial year, spurred investors’ appetite in some highly capitalized stocks yesterday, causing the All-share index to rise by 0.7 per cent.
Dangote Cement posts N390.3 billion full year profit
Dangote Cement has posted a Profit After Tax (PAT) of N390.32 billion in its 2018 operations, against N204.25 billion achieved in the corresponding period in 2017. Besides, the firm has maintained its dominance of the Nigerian market, accounting for 65 per cent of the total volume sold in the domestic cement sector in…
Elections spur producers’ marginal reduction in cement prices
Good times will be back for private developers and prospective homeowners clamouring for a reduction in building materials’ cost, as major cement producers have slashed product prices.
Unilever, Dangote Cement, others trigger stock market rebound
Renewed bargain-hunting on some blue-chip companies, especially Unilever and Dangote cement, aided transactions on the Nigerian Stock Exchange (NSE), causing market capitalisation to increase by N14 billion.
Dangote Cement, GTB, others lead N44 billion market gain
Equity transactions on the trading floor of the Nigerian Stock Exchange (NSE), sustained rising profile, following price gains by the bellwethers, especially Dangote Cement, and Guaranty Trust Bank (GTB), as market capitalisation appreciated further by N44 billion. At the close of transactions yesterday, the index rose by 111.04 points or 0.36 per cent to close at…
A company’s rights issues to consider
On January 28, 2019, Lafarge Africa’s N89.2 billion rights issue will close. So investors have a few more days to pick up this offer.
Sell pressure propels bearish sentiment as investors lose N261b
Massive sell-off hit the nation’s stock market yesterday, as volatility worsened ahead of the 2019 polls causing investors’ wealth to depreciate further by N261 billion. At close of trading Wednesday, the All Share Index (ASI), nose-dived by 699.35 absolute points or 2.33 per cent, falling below the 30,000-mark for the first time since May…
Investors' interest in bellwethers lift NSE's index by 1.27 per cent
Investors’ appetite for highly capitalised stocks brought the equities market to a bullish close on the last trading day of the year, as the All-Share Index (ASI) rose by 1.27 per cent. Yesterday, the ASI was rose 392.78 absolute points, representing an increase of 1.27 per cent to close at 31,430.50 points; just as the…
Yuletide rally lifts investors’ wealth by N436 billion
After a period of persistent sell pressures and volatility witnessed in the market, as well as the lingering political uncertainties surrounding Nigeria’s 2019 general election, the stock market witnessed a rally yesterday, as indices appreciated by N436 billion.
Investors’ wealth depreciates by N39b
Stock market reversed previous day’s gains at the end of yesterday’s transactions, occasioned by price losses suffered by most highly capitalised stocks, as market capitalisation plunged by N39 billion. At the close of the transactions, the All Share Index (ASI) shed 109.21 absolute points, representing a dip of 0.35 per cent to close at 30,814.19…