MTN Nigeria’s profit falls to N94.88bn amidst 12.5% rise in revenue
By Omobayo Azeez Despite a double digit increase in its revenue in the H1’2020, MTN Nigeria had its net profit slipped by 4.7 per cent to N94.877 billion from N99.537 billion recorded in the same period last year. According to the financial report the company filed at the Nigerian Stock Exchange (NSE) on Wednesday and […]
Bears dampen hopes of market lift with fresh N49bn loss on equities
Omobayo Azeez The bears regained control of the equities market today after one day of momentary control by the bulls leading to both the decline in market capitalisation and the All-share index respectively. As a result, investors lost a total of N49 billion. As sentiments remained weak in the domestic bourse, the All-Share Index (ASI) […]
Investor entry window widens as equities pullback with N10bn weekly loss
By Omobayo Azeez Amidst a bearish Nigerian equities market, the window to clock into the market is getting wider at the moment following continuous fall in prices of some liquid shares with sound fundamentals. As investors lost to a tune of N10 billion to close last week, analysts described the development as a two-sided event […]
Nigeria bourse down N398bn in June as anticipated poor half-year earnings pare stocks
By Omobayo Azeez Investors had their equities investments at the Nigerian Stock Exchange (NSE) pared in June as they closed activities in the month with a collective loss of N398 billion. The development arose as the market’s benchmark index, the All-Share Index (ASI) declined by 3.12 per cent to close at 24,479.22 basis points while […]
Presco, MTN, StanbicIBTC, 15 other coys aid N12bn gain in Nigeria stock market deals
By Omobayo Azeez Presco Plc, MTN Nigeria, Stanbic IBTC and 15 other listed companies were major beneficiaries at the close of Wednesday’s trading session on the Nigerian Stock Exchange which recorded N12 billion in gains. The day’s outcome was a continuation of positive sentiment that has charaterised the market since the week opened on Monday […]
S&P 500, Dow open higher as Boeing resumes 737 MAX production
The S&P 500 and Dow Jones indexes opened higher on Thursday, boosted by Boeing shares as the planemaker resumed production of its 737 MAX jets, but simmering tensions between the United States and China kept investors on edge. The Dow Jones Industrial Average rose 149.09 points, or 0.58%, at the open to 25,697.36, and the […]
Nigerian stock index climbs again on gains by blue chips
The Nigerian stock market index appears not to be letting up. On the second session of the week’s trading, the all share index (ASI) of the Nigerian Stock Exchange made a further gain of 1.09 percent, a gain that was higher than the 0.29 percent that it recorded when the week’s trading opened on […]
Analysts see mixed market performance this week, but advise caution
It is one market day gone in the new week at the Nigerian Stock Exchange. But never mind the outcome if you have or are yet to take a position. The news is that projecting from last week’s performance, analysts at Lead Capital are suggesting that the week will post a mixed outcome at the […]
NSE lists FBNQuest Merchant Bank’s N5bn bond
By Omobayo Azeez The Nigerian Stock Exchange (NSE) has successfully listed the N5 billion three-year bond of FBNQuest Merchant Bank on the domestic bourse. This was in fulfilment of its promise to continue to provide stakeholders with access to capital even in the face of the COVID-19 pandemic. The Exchange further amplified this through the listing of the N5 billion […]
Nigeria bourse opens after being down 1.06% on sell-offs in large caps MTN, Dangote, BUA
Market activities on the Nigerian Stock Exchange in Lagos will open today, Wednesday 13 May, 2020, after being dampened Tuesday by noticeable sell-offs in a number of large cap companies, including telecom giant, MTN Nigeria, and two cement behemoths, Dangote and BUA. The sell-offs dragged down the market’s All-Share index by as much as 1.06 […]