Capital Market

Stocks Market Rally N77bn Gain At Midweek Trade

By Nse Anthony-Uko ABUJA, (Sundiaya Finance) – The Nigerian equity market, on Wednesday gained N77 billion to end trading transaction for the month of May. In summary, the All Share Index (ASI) gained 221.72 absolute points, representing a growth of 0.76 per cent to close at 29,498.31 points. Similarly, the market capitalization gained N77 billion, to close at N10.198 trillion. ...

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Portfolio Investments Take A Hit, Drop By 80% In April

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – Portfolio investments on the Nigerian Stock Exchange (NSE) took a hit in April dropping a whooping 80.74 per cent in value compared to the previous month. Analysis of foreign and domestic portfolio investors’ participation in the equity trading as carried out by the NSE showed that total transactions went down to N54.90 billion ...

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Nestle Nigeria Pays N7.93bn Dividend To Shareholders

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – Nestle Nigeria shareholders approved dividend of N7.93 billion declared by the company for the financial year ended December 31, 2016. The shareholders gave the approval at the company’s Annual General Meeting (AGM) held in Lagos, on Tuesday.. The dividend which translates to N10 per share represents the total issued share capital of 792.7 ...

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UACN Targets Fresh Capitral N15.4bn Through Rights Issue

 By Nse Anthony-Uko ABUJA, (Sundiata Finance) — UAC of Nigeria (UACN) Plc has unfolded plans to raise additional capital of N15.4 billion through its existing shareholders on the Nigerian Stock Exchange (NSE). The company had initially planned to raise N20 billion in 2015 consisting of N15 billion through a private placement and N5 billion through a rights issue. The shareholders ...

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Stocks Market Reverses Downtrend, Gains 0.35% 

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – The Nigerian stocks market, yesterday gained 0.35 per cent to reverse the previous days downtrend, amid renewed bullish activities. In summary, the All Share Index (ASI) gained 95.98 absolute points, representing a growth of 0.35 per cent to close at 27,609.67 points. Similarly, the market capitalisation gained N33 billion, to close at N9.544 ...

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Stocks Market Maintains Positive Outlook, Gains 0.58%

ABUJA, (Sundiata Finance) – The Nigerian stocks market, yesterday maintained a positive note as the broader index gained 0.58 per cent on sustained interest in market capitalised stocks. In summary, the All Share Index (ASI) gained 151.61 absolute points, representing a gain of 0.58 per cent to close at 26,116.79 points. Similarly, the market capitalisation appreciated by N52 billion, to ...

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Bargain Hunting Raises Positive Prospect For Stocks This Week

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – As activities reopen on the Nigerian Stock Exchange (NSE) for the last week of April, stock market analysts are looking forward to a more positive outlook on the back of bargain hunting activities especially in favour of low-priced value stocks. Analysts at Afrinvest said that “In the interim, we expect market performance to ...

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Zenith Bank, ETI, UBA, Access Bank Lead Stocks To Buy In Q2

LAGOS, (Sundiata Finance) – Analysts at InvestData Limited said Zenith Bank, ETI, UBA and Access Bank are financial stocks to buy in second quarter of 2017. According to them, these stocks are undervalued financial stocks that investors should invest in, looking at their performance. Speaking the chief operating officer of the company, Mr Ambrose Omordion said, “Nigeria’s financial services sector, ...

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Unilever Nigeria Posts 54% Growth In Profit In Q1

LAGOS, (Sundiata Finance) – Unilever Nigeria Plc has shown continued strong growth as it posted a growth of 54 per cent in its profit after tax for the first quarter period ended March 31, 2017. The company reported a profit after tax of N1.6 billion, representing a 54 per cent increase over N1.04 billion reported in March 2016. Unilever’s first ...

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Dangote Flour Sells Noodles Franchise To Indomie

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – As part of its regular business portfolio review, Dangote Flour Mills (DFM), has exited its noodles business as it does not consider it strategic. The company has sold the assets of Dangote Noodles to Dufil Prima Foods, makers of Indomie noodles. DFM has offered Dufil the use of some of its facilities on ...

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