Tag Archives: NSE

Union Bank Seeks N49.75bn Fresh Capital Via Rights Issue

By Nse Anthony-Uko (Sundiata Finance) – The management of the Nigerian Stock Exchange (NSE) informed the dealing members firms of an application by Union Bank of Nigeria Plc seeking approval to issue and thereafter list new shares valued at N49.75 billion by way of rights. According to the acting head, Listings Regulation Department at the NSE, Godstime Iwenekhai, the application ...

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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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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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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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NSE Halts Week-long Rally, Loses 1.02% To Profit Booking

By Nse Anthony-Uko (Sundiata Finance) – The market indices of the Nigerian Stock Exchange (NSE) on Friday halted week-long rally due to profit taking activities, as the market capitalisation lost N131 billion  or 1.02 per cent to close at N12.705 trillion compared to N12.836 trillion achieved on Thursday. Also, the All-Share Index which opened at 37,245.17 lost 380.46 points or 1.02 ...

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NSE Market Capitalisation Crosses N12trn Mark

By Nse Anthony-Uko (Sundiata Finance) — Transactions remained upbeat on the Nigerian Stock Exchange (NSE) on Tuesday with the market capitalisation  crossing to N12 trillion  mark for the first time in over two years. The market capitalisation grew by N142 billion or 1.19 per cent to close at N12.085 trillion against N11.943 trillion  achieved on Monday. Also, the All-Share Index ...

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Stock Market Sustains Uptrend, Records N21.61bn Turnover

LAGOS, (Sundiata Finance) — A turnover of 2.40 billion shares worth N21.61 billion was recorded in 3,715 deals by investors on the floor of exchange, on Tuesday. The total volume traded appreciated by 643.03 per cent as against a total of 322.8 million shares valued at N2.73 billion in 3,113 deals in the previous trading day. Transactions in the shares ...

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