Capital Market

Investors Gain N694bn On 4 Banks’ Stocks

By Nse Anthony-Uko (Sundiata Finance) – Share prices of four banks, First Bank of Nigeria Holdings Plc, United Bank for Africa Plc (UBA), Zenith Bank Plc and Stanbic IBTC Holdings Plc appreciated by N694.3 billion in 24 weeks over investors’ bargain trading. The above banks may emerge as best performing banking sector shares for the first half of year 2017 ...

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May&Baker Records 385% Year-To-Date Gain

By Nse Anthony-Uko (Sundiata Finance) — May and Baker Nigeria Plc has recorded a year-to-date (YTD) gain of 385 per cent as the best performing stock on the Nigerian Stock Exchange (NSE) in 2017. May & Baker gained 385 per cent on June 16, 2017, outperforming all other firms and the NSE all-share index as a whole which is up ...

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Investors Trade 2.7bn Shares Worth N32bn

By Nse Anthony-Uko, (Sundiata Finance) – The Nigerian stock market closed the week on the positive on Friday as investors extended bargain hunting on handful of stocks and increased activity from fund managers. A total of 2.737 billion shares valued at N32.042 billion were traded by investors in 32,217 deals. Week-on-week, the All Share Index (ASI) gained 532.88 absolute points, ...

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UACN Pays N1.2bn Dividend, Plans N15.4bn Fresh Capital

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – UAC of Nigeria Plc said it would be raising the sum of N15.4 billion through its existing shareholders to bolster its capital position. Also, the company rewarded shareholders with N1.92 billion dividend payout for the financial year ended December 31, 2016. At the company’s annual general meeting held on Wednesday in Lagos, Chairman ...

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Lafarge Shareholders Approve N140bn Rights Issue, Unicem Merger

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – Shareholders of Lafarge Africa have approved the company’s planned N140 billion rights issue, as well as proposal for merger of Unicem’s operations into its own. Unicem is already a 100 percent subsidiary of Lafarge Africa. The company says the proposed rights issue and merger will strengthen the capital structure of the company by ...

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Seplat, Nestle, 7UP Push Equities Market Up By 0.77%

LAGOS, (Sundiata Finance) — Seplat Oil, Nestle and Seven Up, among others, on Thursday pushed the equities segment of the Nigerian Stock Exchange (NSE) northward when they recorded significant appreciation in their share prices. In summary, the All Share Index (ASI) gained 251.26 absolute points, representing a growth of 0.77 per cent to close at 32,937.98 points. Similarly, the market capitalisation ...

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NSE Launches X-Academy To Boost Capital Markets Investment

ABUJA, (Sundiata Finance) – The Nigerian Stock Exchange (NSE) has launched X-Academy, a knowledge-platform designed to provide education services to individuals for better understanding of various aspects of the capital markets. Mr Oscar Onyema,  NSE Chef Executive Officer, said at the product launch on Lagos that X-Academy would help in strengthening financial literacy and enhance investment in the capital market. ...

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Seplat Gas Supply Exceeds $100m Revenue – MD

By Nse Anthony-Uko ABUJA, (Sundiata Finance) — The Chief Executive Officer, Seplat Petroleum Development Company Plc, Mr. Austin Avuru said the indigenous   oil and gas exploration and production company, gas business in 2016 exceeded the $100 million revenue milestone demonstrating its robustness and providing a solid base from which to grow. The CEO of Seplat at the company’s 4th Annual ...

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Investors Gain N282bn On Dangote, Zenith, Others’ Performance

NSE Year-to-date Gains Hit 12.8% By Nse Anthony-Uko, ABUJA, (Sundiata Post) – Investors smiled to the bank on Thursday’s  trade on the Nigerian Stock Exchange (NSE) as activities on the shares of Dangote Cement, Zenith Bank, Nigerian Breweries among others lifted the market with N282 billion gains. The share price gains recorded on Thursday by Dangote Cement, Zenith Bank, FBN ...

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