Capital Market

NSE Year-to-date Return Hits New Low As ASI Declines 3.35%

By Nse Anthony-Uko (Sundiata Finance) – The Year-to-Date (YtD) return of the Nigerian stock market stood lower at 37.38per cent last Friday as more investors took profit from the market on recent gains amid dearth of major catalyst that could support possible rebound. The market capitalisation of listed equities on the Nigerian Stock Exchange (NSE) declined to N12.72trillion against week ...

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Vitafoam Appoints New Directors To Boost Corporate Governance

(Sundiata Finance) – As part of its strategic move to strengthen corporate governance for enhanced performance, a frontline manufacturer of foams and allied products, Vitafoam Nigeria Plc has appointed two independent non- executive directors and one non- executive director into its board. The newly appointed directors whose tenure shall commence in October this year are, Professor Rosemary Iviowen Egonmwan, Mr ...

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Dangote Cement Lifts NSE As Stock Market Gains 0.59%

By Nse Anthony-Uko (Sundiata Finance) – After three consecutive days of declines, the gains recorded in Dangote Cement share price rebounded the Nigerian stock market as it gained 0.59 per cent, on Thursday. In summary, the All Share Index (ASI) gained 214.20 absolute points, representing a growth of 0.59 per cent to close at 36,316.58 points. Similarly, the market capitalisation ...

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Investors Lose N380bn In 2 Days

By Nse Anthony-Uko (Sundiata Finance) – Stock investors have lost about N380billion within just two trading days as buying momentum softens further on the Nigerian bourse following sell-offs in value counters. The value of listed equities declined from week open level of N13.166trillion to N12.786 trillion on Tuesday. The Nigerian Stock Exchange (NSE) All Share Index (ASI) further dwindle by ...

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Stock Market Gains N163bn As 31 Stocks Appreciate

By Nse Anthony-Uko (Sundiata Finance) – The Nigerian stock market rose by N163 billion, on Tuesday as 31 stocks appreciated. In summary, the All Share Index (ASI) gained 474.18 absolute points, representing a gain of 1.26 per cent to close at 37,999.56 points, improving the Year-to-Date returns to 41.4 per cent. Similarly, the market capitalisation gained N163 billion,  to close ...

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Lafarge Board Approves Merger With Unicem, Atlas Cement

By Nse Anthony-Uko (Sundiata Finance) — The board of directors of Lafarge Africa said it has approved the commencement of a merger with United Cement Company (Unicem) and Atlas Cement Company (Atlas). The company made this known in a press release signed by its secretary, Mrs. Edith Onwuchekwa, published on the website of the Nigerian Stock Exchange (NSE). According to ...

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Equities Market Sheds 2.77% On Profit Taking

By Nse Anthony-Uko (Sundiata Finance) – The Nigerian equities market, on Monday shed 2.77 per cent to begin the week as investors took profits in stocks that appreciated in prior sessions In summary, the All Share Index (ASI) shed 1,020.71 absolute points, representing a loss of 2.77 per cent to close at 35844.00 points. Similarly, the market capitalisation shed N352 ...

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Med-View Airline Grows Profit To N857m In H1

By Nse Anthony-Uko (Sundiata Finance) – Med-view Airline Plc said its profit after tax grew to N857 million in the half year ended June 30, 2017. The results of the only airline listed on the Nigerian Stock Exchange (NSE), indicated it reported a growth of 27 per cent in profit after tax to N857 million for the half year, 2017, ...

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Vitafoam Reports N134m Profit In Q3

By Nse Anthony-Uko (Sundiata Finance) – The board of Vitafoam Plc, has rekindled investor interests with a profit after tax of N133.72 million in the third quarter ended June 30, 2017. According to the company’s result on the Nigerian Stock Exchange (NSE), profit before tax stood at N258.14 million, as against a loss of N49.14 million, while after tax profit ...

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