Sell-off drags market index by 0.18 per cent
Following price losses suffered by most blue-chip stocks, transactions on the equity sector of the Nigerian Stock Exchange (NSE) closed on a downturn yesterday, as the All-share index depreciated by 0.18 per cent. Specifically, at the close of transactions yesterday, the All -share index (ASI) was down by 56.80 absolute points, representing a decline of…
Bargain on high cap stocks pushes indices further by N83b
Bargain hunting embarked by investors on highly capitalised stocks, pushed transactions on the Nigerian Stock Exchange in an upbeat yesterday, causing market capitalisation to rise further by N83 billion.
Stock exchange’s premium index gets 49 per cent returns in three years
After three years of establishment, the seven listed companies constituting the Nigerian Stock Exchange (NSE) Premium Board Index raised activities on the platform with a 48.53 per cent gain.
Political turbulence triggers more equity slump
Turbulence in the political arena has sparked massive dumping and induced sell pressure on the equity sector of the Nigerian Stock Exchange as stock market investors lost N257 billion...
FBN Holdings post N595.4b gross earnings, N47.8b full year profit
For the full year ended December 31, 2017, FBN Holdings Plc has achieved gross earnings of N595.4billion, and Profit After Tax (PAT) of N47.8billion. Specifically, the bank’s audited result showed 2.3 per cent rise in gross earnings to N595.4billion, up from N581.8billion achieved in the corresponding period in 2016. Similarly, the bank’s PAT…
Community support in quest for a better society
Community support is a currency with which organisations can relate with their various stakeholders. It is a means of exchange for something needed. It transcends the hardware, which can be saved in banks and used in market places. Just as it is often physical, it can also be abstract – one that is deposited in…
Zenith Bank, FBN Holdings, others lift NSE’s turnover by N51.5b
Heavy transactions in the shares of some banks especially Zenith International Bank and FBN Holdings, last week, lifted the volume of shares traded, as a turnover of 1.852 billion shares worth N51.523 billion were recorded in 23,863 deals by investors on the floor of the Exchange. This volume of shares traded, was however higher…
Sovereign Trust, FBN Holdings others lift NSE’s turnover by N54.8b
Heavy transactions in the shares of some banks and financial stocks, especially Sovereign Trust, and FBN Holdings, last week, lifted the volume of shares traded, as a turnover of 2.804 billion...
Financial stocks contribute 76.8% to NSE volume
Also, traded during the week were a total of 1,156,439 units of Exchange Traded Products (ETPs) valued at N6.404million executed in 13 deals compared with 104,544 units valued at N11.506million transacted last week in seven deals.