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…
Profit taking depresses stock market indices further by N187b
The equities market extended losses from the previous trading session yesterday, as heavy share prices suffered by virtually all the blue chip stocks depressed market indices further by N187billion.
Dangote Cement, Mobil lift NSE’s indices, as market cap hits N14tr mark
Investors’ expectations that the rally witnessed in the stock market in 2017 would be sustained this year heightened yesterday, as heavy share price gains recorded by major highly capitalised stocks, especially Dangote Cement and Mobil Oil pushed market capitalisation significantly to N14trillion....
Neimeth, Forte oil, others enhance NSE’s indices by 2.47%
Neimeth International Pharmaceutical closed higher at the end of transactions on Friday, at the trading floor of the Nigerian Stock Exchange. It led others with 24.62 per cent to close at N0.81 per share.
Mobil Oil increases profit by 67 per cent
Mobil Oil Nigeria Plc has recorded a profit after tax of N8.15 billion in 2016, representing a 67 per cent increase from the N4.87 billion earned in 2015.
PENGASSAN MPN suspends industrial action
Oil workers of the Mobil Producing Nigeria (MPN) under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have suspended its ongoing strike following the intervention of Minister of State for Petroleum Resources, Ibe Kachukwu.