Guaranty Trust Bank
Investors repositioning ahead of 2019 dividend lifts NSE’s index
As investors reposition ahead of 2019 full year dividend payout, the Nigerian equities market rebounded at the reopening of transactions yesterday, causing the All-Share Index to advance by 0.41 per cent.
Renewed profit-taking drags index by 0.13 per cent
Renewed profit taking in the shares of some blue chip companies, especially Academy Press and Neimeth International dragged the All-share Index (ASI) by 0.13 per cent.
Investors lose N109b amid sell-offs in high-cap stocks
Following massive sell-offs in most high cap stocks, Nigeria equities market resumed from the Eid-el-Kabir celebration on a decline, as market capitalisation slumped by N109 billion to close at N13.198 trillion.
Market index falls further on sustained sell-offs
Following sell-offs in highly capitalised stocks, the Nigerian stock market sustained sliding profile at the end of yesterday’s transactions, causing the All-Share Index...
Market indices rebound as investors patronise low price stocks
After several weeks of persistent decline, the equity market rebounded at the end of last week’s transactions, as the All-Share Index (ASI) and market capitalisation of the Nigerian Stock Exchange (NSE) appreciated by 0.4 per cent to close the week at 29,966.87 points and N13.206 trillion respectively. Similarly, all other indices finished higher with the…
Analysts worry over persistent selloff in bellwether stocks as index slumps further by 0.7%
The nation’s stock market continued its negative trajectory last week, extending the bearish record that resulted to a further slump in stock market indices by 0.7 per cent. Analysts, at the weekend, expressed worry on the continued selloffs in bellwether stocks like Dangote Cement, MTN Nigerian, Nestle, Guaranty Trust Bank and Nigerian Breweries. …
Bargain hunting: NSE indices drop further by 1.30%
Trading on the Nigerian Stock Exchange (NSE) resumed on Thursday after the two-day holidays to mark Eid-el-Fitri on a bearish trend due to bargain hunting.§ The News Agency of Nigeria (NAN) reports that the All-Share Index lost 401.22 points or 1.30 per cent to close at 30,527.07 compared with 30,928.29 on Monday. Similarly, the market…
Innoson presses contempt charge against GTB's directors
INNOSON Nigeria Limited has filed a contempt action at the Federal High Court (FHC), Awka, Anambra State, against the managing director of Guaranty Trust Bank (GTB), Segun Agbaje, and two others, asking them to show why they should not be committed to prison. The other two are chairman of the bank, Mrs. Osaretin Demuren, and…
Investors shun bank shares despite N720 billion profit
Though the combined profit, in excess of N720 billion, of the five top-tier banks on the Nigerian Stock Exchange (NSE) has remained strong, investors are showing apathy towards banking stocks.
Chams, Dangote Flourmills lead in stock market’s N94 billion gain
The equities market reversed previous losses to close in an upbeat at the end of yesterday’s transactions, following price gains by most bluechip companies, especially Chams and Dangote Fourmills, causing market capitalisation to appreciate marginally by N94 billion. At the end of trading, the All-Share Index (ASI), which measures the performance of listed companies, gained…