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  •  The Nigerian Exchange Ltd NGX recorded another positive performance on Friday with a gain of N84 65 billion market capitalisation closed at N26 994 trillion from N26 909 trillion on Thursday Also the All Share Index ASI increased by 156 03 points or 0 31 per cent to close at 50 045 83 from 49 889 80 trillion recorded on Thursday The upturn was due to gains recorded in large and medium capitalised stocks amongst which are Zenith Bank Stanbic Bank Nigerian Breweries and MTN Nigeria Communications MTNN The market closed positive as 21 stocks gained relative to nine losers FCMB Group recorded the highest gain of 9 06 per cent to close at N3 49 per share Stanbic Bank followed with 6 45 per cent to close at N33 while Etranszact rose by six per cent to close at N2 65 per share Transcorp rose by 4 76 per cent to close at N1 10 while NPF Microfinance appreciated by 4 52 per cent to close at N1 62 per share Courtville Business Solutions gained by 4 17 per cent to close at 50k per share On the other hand Caverton Offshore Support Group led the losers chart by 9 50 per cent to close at N1 62 per share Eterna followed with 9 17 per cent to close at N5 45 while NCR shed 9 09 per cent to close at N3 per share Japaul Gold and Ventures lost 7 50 per cent to close at 37k while Ecobank Transnational Incorporated shed 7 20 per cent to close at N11 60 per share However the total volume traded decreased to 240 02 million units valued at N2 68 billion and exchanged in 3 435 deals This was in contrast with 229 12 million shares worth N1 75 billion traded in 3 575 deals on Thursday Transactions in the shares of Sterling Bank topped the activity chart with 93 7 million shares valued at N136 01 million Fidelity Bank followed with 28 77 million shares valued at N97 1 million Fidson Healthcare followed with 13 85 million shares worth N130 38 million while Guaranty Trust Holding traded 13 04 million shares valued at N258 52 million NewsSourceCredit NAN
    NGX extends bullish run, gains N85bn
     The Nigerian Exchange Ltd NGX recorded another positive performance on Friday with a gain of N84 65 billion market capitalisation closed at N26 994 trillion from N26 909 trillion on Thursday Also the All Share Index ASI increased by 156 03 points or 0 31 per cent to close at 50 045 83 from 49 889 80 trillion recorded on Thursday The upturn was due to gains recorded in large and medium capitalised stocks amongst which are Zenith Bank Stanbic Bank Nigerian Breweries and MTN Nigeria Communications MTNN The market closed positive as 21 stocks gained relative to nine losers FCMB Group recorded the highest gain of 9 06 per cent to close at N3 49 per share Stanbic Bank followed with 6 45 per cent to close at N33 while Etranszact rose by six per cent to close at N2 65 per share Transcorp rose by 4 76 per cent to close at N1 10 while NPF Microfinance appreciated by 4 52 per cent to close at N1 62 per share Courtville Business Solutions gained by 4 17 per cent to close at 50k per share On the other hand Caverton Offshore Support Group led the losers chart by 9 50 per cent to close at N1 62 per share Eterna followed with 9 17 per cent to close at N5 45 while NCR shed 9 09 per cent to close at N3 per share Japaul Gold and Ventures lost 7 50 per cent to close at 37k while Ecobank Transnational Incorporated shed 7 20 per cent to close at N11 60 per share However the total volume traded decreased to 240 02 million units valued at N2 68 billion and exchanged in 3 435 deals This was in contrast with 229 12 million shares worth N1 75 billion traded in 3 575 deals on Thursday Transactions in the shares of Sterling Bank topped the activity chart with 93 7 million shares valued at N136 01 million Fidelity Bank followed with 28 77 million shares valued at N97 1 million Fidson Healthcare followed with 13 85 million shares worth N130 38 million while Guaranty Trust Holding traded 13 04 million shares valued at N258 52 million NewsSourceCredit NAN
    NGX extends bullish run, gains N85bn
    Economy5 months ago

    NGX extends bullish run, gains N85bn

    The Nigerian Exchange Ltd., (NGX) recorded another positive performance on Friday, with a gain of N84.65 billion market capitalisation closed at N26,994 trillion from N26,909 trillion on Thursday.

    Also, the All-Share Index (ASI) increased by 156.03 points or 0.31 per cent to close at 50,045.83 from 49,889.80 trillion recorded on Thursday.

    The upturn was due to gains recorded in large and medium capitalised stocks, amongst which are: Zenith Bank, Stanbic Bank, Nigerian Breweries and MTN Nigeria Communications (MTNN).

    The market closed positive as 21 stocks gained relative to nine losers.

    FCMB Group recorded the highest gain of 9.06 per cent to close at N3.49 per share.

    Stanbic Bank followed with 6.45 per cent to close at N33, while Etranszact rose by six per cent to close at N2.65 per share.

    Transcorp rose by 4.76 per cent to close at N1.10, while NPF Microfinance appreciated by 4.52 per cent to close at N1.62 per share.

    Courtville Business Solutions gained by 4.17 per cent to close at 50k per share.

    On the other hand, Caverton Offshore Support Group led the losers’ chart by 9.50 per cent to close at N1.62 per share.

    Eterna followed with 9.17 per cent to close at N5.45, while NCR shed 9.09 per cent to close at N3 per share.

    Japaul Gold and Ventures lost 7.50 per cent to close at 37k, while Ecobank Transnational Incorporated shed 7.20 per cent to close at N11.60 per share.

    However, the total volume traded decreased to 240. 02 million units valued at N2,68 billion and exchanged in 3,435 deals.

    This was in contrast with 229.12 million shares worth N1.75 billion traded in 3,575 deals on Thursday.

    Transactions in the shares of Sterling Bank topped the activity chart with 93.7 million shares valued at N136.01 million.

    Fidelity Bank followed with 28.77 million shares valued at N97.1 million.

    Fidson Healthcare followed with 13.85 million shares worth N130.38 million, while Guaranty Trust Holding traded 13.04 million shares valued at N258.52 million.


    NewsSourceCredit: NAN

  •   CBN gives Fidelity Bank the nod to acquire Union Bank UK CBN gives Fidelity Bank the nod to acquire Union Bank UK Acquisition By Olawunmi Ashafa Lagos Aug 30 2020 Fidelity Bank Plc on Monday said it had entered into a binding agreement to acquire 100 per cent equity stake in Union Bank UK Plc In a corporate filing at the Nigerian Exchange Ltd NGX on Tuesday the bank said the Central Bank of Nigeria CBN had issued No Objection to its proposed acquisition of the bank which commenced London operations in 1983 The notice signed by Fidelity Bank s Company Secretary Ezinwa Unuigboje said the transaction was still subject to the approval of the Prudential Regulatory Authority of the United Kingdom The bank said the acquisition was part of its expansion drive to expand and be able it to deliver it services to in such that it would exceed the needs of its growing clients It noted Union Bank UK commences operations from the heart of the city of London in 1983 to provide competitive banking services including personal banking trades finance treasury management and structured trade and community finance which offers to individual and corporate clients Commenting on the agreement Mrs Nneka Onyeali Ikpe the Managing Executive Officer Fidelity Bank said This transaction aligns with our strategic plan of expanding our services touchpoints beyond the Nigerian market and providing straight through services that meet and exceed the needs of our growing clients The diverse bouquet and business model of union Bank UK offer a compelling synergy and we hope to build on the existing capacity to create a scalable and more sustaining service franchise that will support the wider ecosystem of our trade businesses and diaspora banking services NewsSourceCredit NAN
    CBN gives Fidelity Bank the nod to acquire Union Bank UK
      CBN gives Fidelity Bank the nod to acquire Union Bank UK CBN gives Fidelity Bank the nod to acquire Union Bank UK Acquisition By Olawunmi Ashafa Lagos Aug 30 2020 Fidelity Bank Plc on Monday said it had entered into a binding agreement to acquire 100 per cent equity stake in Union Bank UK Plc In a corporate filing at the Nigerian Exchange Ltd NGX on Tuesday the bank said the Central Bank of Nigeria CBN had issued No Objection to its proposed acquisition of the bank which commenced London operations in 1983 The notice signed by Fidelity Bank s Company Secretary Ezinwa Unuigboje said the transaction was still subject to the approval of the Prudential Regulatory Authority of the United Kingdom The bank said the acquisition was part of its expansion drive to expand and be able it to deliver it services to in such that it would exceed the needs of its growing clients It noted Union Bank UK commences operations from the heart of the city of London in 1983 to provide competitive banking services including personal banking trades finance treasury management and structured trade and community finance which offers to individual and corporate clients Commenting on the agreement Mrs Nneka Onyeali Ikpe the Managing Executive Officer Fidelity Bank said This transaction aligns with our strategic plan of expanding our services touchpoints beyond the Nigerian market and providing straight through services that meet and exceed the needs of our growing clients The diverse bouquet and business model of union Bank UK offer a compelling synergy and we hope to build on the existing capacity to create a scalable and more sustaining service franchise that will support the wider ecosystem of our trade businesses and diaspora banking services NewsSourceCredit NAN
    CBN gives Fidelity Bank the nod to acquire Union Bank UK
    Economy5 months ago

    CBN gives Fidelity Bank the nod to acquire Union Bank UK

    CBN gives Fidelity Bank the nod to acquire Union Bank UK CBN gives Fidelity Bank the nod to acquire Union Bank UK Acquisition By Olawunmi Ashafa Lagos, Aug. 30, 2020 Fidelity Bank Plc on Monday said it had entered into a binding agreement to acquire 100 per cent equity stake in Union Bank UK Plc. In a corporate filing at the Nigerian Exchange Ltd. (NGX)on Tuesday, the bank said the Central Bank of Nigeria (CBN) had issued ‘No Objection’ to its proposed acquisition of the bank, which commenced London operations in 1983. The notice signed by Fidelity Bank’s Company Secretary, Ezinwa Unuigboje, said the transaction was still subject to the approval of the Prudential Regulatory Authority of the United Kingdom.

    The bank said the acquisition was part of its expansion drive to expand and be able it to deliver it services to in such that it would exceed the needs of its growing clients.

    It noted, “Union Bank UK commences operations from the heart of the city of London in 1983 to provide competitive banking services including personal banking, trades finance, treasury management and structured trade and community finance which offers to individual and corporate clients.

    ” Commenting on the agreement, Mrs Nneka Onyeali-Ikpe, the Managing Executive Officer, Fidelity Bank said, “This transaction aligns with our strategic plan of expanding our services touchpoints beyond the Nigerian market and providing straight-through services that meet and exceed the needs of our growing clients.

    “The diverse bouquet and business model of union Bank UK offer a compelling synergy and we hope to build on the existing capacity to create a scalable and more sustaining service franchise that will support the wider ecosystem of our trade businesses and diaspora banking services.


    NewsSourceCredit: NAN

  •  The Nigerian Exchange Ltd NGX on Monday lost 2 91 billion as market capitalisation closed at N26 794 trillion representing 0 01 per cent when compared with N26 797 trillion recorded on Friday Similarly the All Share Index which opened with 49 682 15 declined by 5 4 basis point or 0 01 per cent to close at 49 676 75 As a result the Year to date YTD return fell to 16 29 per cent Analysis of today s market activities showed trade turnover settled lower relative to the previous session with the value of transactions down by 54 12 per cent In all investors bought and sold 222 66 million shares valued at N2 13 billion achieved in 4 350 deals Market breadth closed positive with 16 stocks advancing while eight declined ITrans Nationwide Express led the gainers with 9 52 per cent to close at 69k per share UPDC Real Estate Investment Trust followed with a gain of 9 23 per cent to close at N3 55 Multiverse Mining amp Exploration rose by 9 17 per cent to close at N2 62 per share Also Vitafoam Nigeria advanced by 8 37 per cent to close at N22 per share and Courtville inched up by 6 67 per cent to 52k On the losing side Caverton Offshore Support Group led the laggard s table with a depreciation of 9 57 per cent to close at 1 04 per share John Holt followed by dropping 8 99 per cent to close at 81k while Japaul Gold and Ventures fell by 8 82 per cent to close at 31k Aiico Insurance declined by 3 64 per cent to close at 53k and Nigerian Breweries depreciated by 2 86 per cent to close at N2 10 per share Jaiz Bank recorded the highest volume of shares trading 40 4 million shares worth N36 17 per cent It is followed by Access Holdings that sold 35 8 million shares valued N293 56 Also FBN Holdings transacted 23 1 million shares amounting to N251 38 and Mutual Benefits Assurance sold 19 94 million shares worth N6 6 million Zenith Bank recorded 12 45 million shares valued at N273 66 On the performance of the market analysts at GTI Research said We expect mixed reactions to continue this week NewsSourceCredit NAN
    NGX: Crucial performance indicators drop by 0.01%
     The Nigerian Exchange Ltd NGX on Monday lost 2 91 billion as market capitalisation closed at N26 794 trillion representing 0 01 per cent when compared with N26 797 trillion recorded on Friday Similarly the All Share Index which opened with 49 682 15 declined by 5 4 basis point or 0 01 per cent to close at 49 676 75 As a result the Year to date YTD return fell to 16 29 per cent Analysis of today s market activities showed trade turnover settled lower relative to the previous session with the value of transactions down by 54 12 per cent In all investors bought and sold 222 66 million shares valued at N2 13 billion achieved in 4 350 deals Market breadth closed positive with 16 stocks advancing while eight declined ITrans Nationwide Express led the gainers with 9 52 per cent to close at 69k per share UPDC Real Estate Investment Trust followed with a gain of 9 23 per cent to close at N3 55 Multiverse Mining amp Exploration rose by 9 17 per cent to close at N2 62 per share Also Vitafoam Nigeria advanced by 8 37 per cent to close at N22 per share and Courtville inched up by 6 67 per cent to 52k On the losing side Caverton Offshore Support Group led the laggard s table with a depreciation of 9 57 per cent to close at 1 04 per share John Holt followed by dropping 8 99 per cent to close at 81k while Japaul Gold and Ventures fell by 8 82 per cent to close at 31k Aiico Insurance declined by 3 64 per cent to close at 53k and Nigerian Breweries depreciated by 2 86 per cent to close at N2 10 per share Jaiz Bank recorded the highest volume of shares trading 40 4 million shares worth N36 17 per cent It is followed by Access Holdings that sold 35 8 million shares valued N293 56 Also FBN Holdings transacted 23 1 million shares amounting to N251 38 and Mutual Benefits Assurance sold 19 94 million shares worth N6 6 million Zenith Bank recorded 12 45 million shares valued at N273 66 On the performance of the market analysts at GTI Research said We expect mixed reactions to continue this week NewsSourceCredit NAN
    NGX: Crucial performance indicators drop by 0.01%
    Economy5 months ago

    NGX: Crucial performance indicators drop by 0.01%

    The Nigerian Exchange Ltd. (NGX) on Monday lost 2.91 billion as market capitalisation closed at N26.794 trillion, representing 0.01 per cent when compared with N26.797 trillion recorded on Friday.

    Similarly, the All-Share Index, which opened with 49,682.15 declined by 5.4 basis point  or 0.01 per cent to close at 49,676.75. As a result, the Year-to-date (YTD) return fell to 16.29 per cent.

    Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 54.12 per cent.

    In all, investors bought and sold 222.66 million shares valued at N2.13 billion achieved in 4.350 deals.

    Market breadth closed positive with 16 stocks advancing, while eight declined.

    ITrans-Nationwide Express led the gainers with 9.52 per cent to close at 69k per share.

    UPDC Real Estate Investment Trust followed with a gain of  9.23 per cent to close at N3.55, Multiverse Mining & Exploration  rose by 9.17 per cent to close at N2.62 per share.

    Also Vitafoam Nigeria advanced by 8.37 per cent to close at N22 per share and Courtville inched up by 6.67 per cent to 52k.

    On the losing side, Caverton Offshore Support Group led the laggard’s table with a depreciation of 9.57 per cent to close at 1.04 per share.

    John Holt followed by dropping 8.99 per cent to close at 81k, while Japaul Gold and Ventures fell by 8.82 per cent to close at 31k.

    Aiico Insurance declined by 3.64 per cent to close at 53k, and Nigerian Breweries depreciated by 2.86 per cent to close at N2.10 per share.

    Jaiz Bank recorded the highest volume of shares, trading  40.4 million shares worth N36.17 per cent.

    It is followed by Access Holdings that sold 35.8 million shares valued N293.56. Also, FBN Holdings transacted 23.1 million shares, amounting to N251.38 and Mutual Benefits Assurance sold 19.94 million shares worth N6.6 million.

    Zenith Bank recorded 12.45 million shares valued at N273.66. On the performance of the market, analysts at GTI Research said, “We expect mixed reactions to continue this week.


    NewsSourceCredit: NAN

  •  BUA Foods Plc an indigenous foods company has announced the resignation of Mr Isyaku Rabiu as executive director of the company The resignation which was effective August 17 was contained in a regulatory disclosure by the company to the Nigerian Exchange Ltd NGX According to the disclosure the development was in order for the company to meet the regulatory requirements of the Securities and Exchange Commission Corporate Governance Guidelines 2020 and the Nigerian Code of Corporate Governance The guideline on family and interlocking directorship stipulates that not more than two members of the same family shall sit on the board of a public company at the same time Prior to his appointment as a member of the Board of BUA Foods in November 2021 which later became publicly listed BUA Foods Plc in January 2022 Rabiu was a Director of IRS Pasta and Flour Limited The company later merged with other companies to form BUA Foods He however remains an executive of BUA Foods Plc with his portfolio remaining unchanged the disclosure read NewsSourceCredit NAN
    Rabiu resigns from board of BUA Foods
     BUA Foods Plc an indigenous foods company has announced the resignation of Mr Isyaku Rabiu as executive director of the company The resignation which was effective August 17 was contained in a regulatory disclosure by the company to the Nigerian Exchange Ltd NGX According to the disclosure the development was in order for the company to meet the regulatory requirements of the Securities and Exchange Commission Corporate Governance Guidelines 2020 and the Nigerian Code of Corporate Governance The guideline on family and interlocking directorship stipulates that not more than two members of the same family shall sit on the board of a public company at the same time Prior to his appointment as a member of the Board of BUA Foods in November 2021 which later became publicly listed BUA Foods Plc in January 2022 Rabiu was a Director of IRS Pasta and Flour Limited The company later merged with other companies to form BUA Foods He however remains an executive of BUA Foods Plc with his portfolio remaining unchanged the disclosure read NewsSourceCredit NAN
    Rabiu resigns from board of BUA Foods
    Economy5 months ago

    Rabiu resigns from board of BUA Foods

    BUA Foods Plc, an indigenous foods company, has announced the resignation of Mr Isyaku Rabiu, as executive director of the company.

    The resignation, which was effective August 17, was contained in a regulatory disclosure by the company to the Nigerian Exchange Ltd. (NGX).

    According to the disclosure, the development was in order for the company to meet the regulatory requirements of the Securities and Exchange Commission Corporate Governance Guidelines (2020) and the Nigerian Code of Corporate Governance.

    The guideline on family and interlocking directorship stipulates that not more than two members of the same family shall sit on the board of a public company at the same time.

    “Prior to his appointment as a member of the Board of BUA Foods in November 2021 (which later became publicly listed BUA Foods Plc in January 2022), Rabiu was a Director of IRS Pasta and Flour Limited.

    “The company later merged with other companies to form BUA Foods.

    “He, however, remains an executive of BUA Foods Plc with his portfolio remaining unchanged,” the disclosure read.


    NewsSourceCredit: NAN

  •  Trading activities on the Nigerian Exchange Ltd NGX on Thursday remained bullish with the crucial indicators growing by 2 03 per cent The market capitalisation gained N532 billion to close at N26 786 trillion compared with N26 253 trillion on Wednesday Similarly the All Share Index which opened at 48 675 24 gained 986 63 points or 2 03 per cent to close at 49 661 87 A breakdown of the price movement table showed that Mutual Benefit Assurance topped the losers table with a loss of 9 68 per cent to close at 28k per share Honeywell Flour Mill trailed with a loss of 8 42 per cent to close at N2 72 while Flour Mills Nigeria dipped by 7 06 per cent to close at N27 per share Unity Bank was down by 7 06 per cent to close at 40k and First City Monument Bank FCMB declined by 3 51 per cent to close at N3 02 per share Conversely Computer Warehouse Group led the gainers table growing by 10 per cent to close at 99k per share Learn Africa followed with a gain of 9 78 per cent to close at N2 47 while Caverton Offshore Support Group reaped also 9 52 per cent to close at N1 15 per share Multiverse Mining amp Exploration increased by 9 52 per cent to close at N2 30 while Chams improved by eight per cent to close at 27k per share Mutual Benefits Assurance dominated the activity chart with an exchange of 74 5 million shares worth N22 84 million FBN Holdings followed with an account of 23 43 million shares valued at N251 88 million while Access Holdings traded 15 9 million shares worth N130 19 million United Bank for Africa sold 15 3 million shares valued at N107 07 million while NEM Insurance transacted 13 49 million shares worth N62 12 million In all investors bought and sold 226 47 million shares valued at N2 76 billion achieved in 3 515 deals NewsSourceCredit NAN
    NGX maintains bullish trend with 2.03% growth
     Trading activities on the Nigerian Exchange Ltd NGX on Thursday remained bullish with the crucial indicators growing by 2 03 per cent The market capitalisation gained N532 billion to close at N26 786 trillion compared with N26 253 trillion on Wednesday Similarly the All Share Index which opened at 48 675 24 gained 986 63 points or 2 03 per cent to close at 49 661 87 A breakdown of the price movement table showed that Mutual Benefit Assurance topped the losers table with a loss of 9 68 per cent to close at 28k per share Honeywell Flour Mill trailed with a loss of 8 42 per cent to close at N2 72 while Flour Mills Nigeria dipped by 7 06 per cent to close at N27 per share Unity Bank was down by 7 06 per cent to close at 40k and First City Monument Bank FCMB declined by 3 51 per cent to close at N3 02 per share Conversely Computer Warehouse Group led the gainers table growing by 10 per cent to close at 99k per share Learn Africa followed with a gain of 9 78 per cent to close at N2 47 while Caverton Offshore Support Group reaped also 9 52 per cent to close at N1 15 per share Multiverse Mining amp Exploration increased by 9 52 per cent to close at N2 30 while Chams improved by eight per cent to close at 27k per share Mutual Benefits Assurance dominated the activity chart with an exchange of 74 5 million shares worth N22 84 million FBN Holdings followed with an account of 23 43 million shares valued at N251 88 million while Access Holdings traded 15 9 million shares worth N130 19 million United Bank for Africa sold 15 3 million shares valued at N107 07 million while NEM Insurance transacted 13 49 million shares worth N62 12 million In all investors bought and sold 226 47 million shares valued at N2 76 billion achieved in 3 515 deals NewsSourceCredit NAN
    NGX maintains bullish trend with 2.03% growth
    Economy5 months ago

    NGX maintains bullish trend with 2.03% growth

    Trading activities on the Nigerian Exchange Ltd. (NGX) on Thursday remained bullish with the crucial indicators growing by 2.03 per cent.

    The market capitalisation gained N532 billion to close at N26.786 trillion, compared with N26.253 trillion on Wednesday.

    Similarly, the All-Share Index, which opened at 48,675.24, gained 986.63 points or 2.03 per cent to close at 49,661.87. A breakdown of the price movement table showed that Mutual Benefit Assurance topped the losers’ table with a loss of 9.68 per cent to close at 28k per share.

    Honeywell Flour Mill trailed with a loss of 8.42 per cent to close at N2.72, while Flour Mills Nigeria dipped  by 7.06 per cent to close at N27 per share.

    Unity Bank was down by 7.06 per cent to close at 40k and First City Monument Bank (FCMB) declined by 3.51 per cent to close at N3.02 per share.

    Conversely, Computer Warehouse Group led the gainers’ table, growing by 10 per cent to close at 99k per share.

    Learn Africa followed with a gain of 9.78 per cent to close at N2.47, while Caverton Offshore Support Group  reaped also 9.52 per cent to close at N1.15 per share.

    Multiverse Mining & Exploration increased by 9.52 per cent to close at N2.30, while Chams improved by eight per cent to close at 27k per share.

    Mutual Benefits Assurance dominated the activity chart with an exchange of 74.5 million shares worth N22.84 million.

    FBN Holdings followed with an account of 23.43 million shares valued at N251.88 million, while Access Holdings traded 15.9 million shares worth N130.19 million.

    United Bank for Africa sold 15.3 million shares valued at N107.07 million, while NEM Insurance transacted 13.49 million shares worth N62.12 million.

    In all, investors bought and sold 226.47 million shares valued at N2.76 billion achieved in 3,515 deals.


    NewsSourceCredit: NAN

  •  Trading activities on the Nigerian Exchange Ltd NGX closed on a positive note on Wednesday with indices growing by 0 22 per cent following gains by BUA Cement Nestle and Stanbic Bank Specifically the market capitalisation gained N65 billion or 0 25 per cent to close at N26 253 trillion against N26 188 trillion recorded on Tuesday Also the All Share Index rose by 120 48 points or 0 25 per cent to close at 48 675 24 compared with 48 554 76 posted on Tuesday Market breadth closed positive with 14 stocks gained and 11 stocks declined NEM Insurance led the gainers table during the day with 44k to close at N4 84 per share Stanbic IBTC Holdings followed with a gain of N2 50 to close at N30 50 while Ecobank Transnational added 80k to close at N10 80 per share Cutix appreciated by 14k to close at N2 04 and Mutual Benefits Assurance rose by 2k to close at 31k per share On the other hand Fidson Healthcare topped the losers chart shedding 99k to close at N9 11 per share FTN Cocoa Processors trailed with a loss of 3k to close at 30k while Northern Nigeria Flour Mills declined by 1k to close at N7 50 per share Unity Bank was down by 7k to close at 42k while First City Monument Bank FCMB lost 1k to close at N313 per share Investors traded a total of 167 57 million shares valued at N3 37 billion in 2 269 deals representing 19 60 per cent increase in volume This was against the 154 290 million shares worth N2 70 billion exchanged in 3 751 deals the previous day Access Holdings was the most active stock exchanging 27 9 million shares worth N231 14 million United Bank for Africa UBA followed with an account of 22 9 million shares valued at N160 91 million while FBN Holdings traded 22 5 million shares worth N241 98 million Guaranty Trust Holding Company GTCO sold 16 1 million shares valued at N323 99 million while Zenith Bank exchanged 11 86 million shares worth N261 11 million NewsSourceCredit NAN
    Stock market rebounds, indices record 0.25% growth
     Trading activities on the Nigerian Exchange Ltd NGX closed on a positive note on Wednesday with indices growing by 0 22 per cent following gains by BUA Cement Nestle and Stanbic Bank Specifically the market capitalisation gained N65 billion or 0 25 per cent to close at N26 253 trillion against N26 188 trillion recorded on Tuesday Also the All Share Index rose by 120 48 points or 0 25 per cent to close at 48 675 24 compared with 48 554 76 posted on Tuesday Market breadth closed positive with 14 stocks gained and 11 stocks declined NEM Insurance led the gainers table during the day with 44k to close at N4 84 per share Stanbic IBTC Holdings followed with a gain of N2 50 to close at N30 50 while Ecobank Transnational added 80k to close at N10 80 per share Cutix appreciated by 14k to close at N2 04 and Mutual Benefits Assurance rose by 2k to close at 31k per share On the other hand Fidson Healthcare topped the losers chart shedding 99k to close at N9 11 per share FTN Cocoa Processors trailed with a loss of 3k to close at 30k while Northern Nigeria Flour Mills declined by 1k to close at N7 50 per share Unity Bank was down by 7k to close at 42k while First City Monument Bank FCMB lost 1k to close at N313 per share Investors traded a total of 167 57 million shares valued at N3 37 billion in 2 269 deals representing 19 60 per cent increase in volume This was against the 154 290 million shares worth N2 70 billion exchanged in 3 751 deals the previous day Access Holdings was the most active stock exchanging 27 9 million shares worth N231 14 million United Bank for Africa UBA followed with an account of 22 9 million shares valued at N160 91 million while FBN Holdings traded 22 5 million shares worth N241 98 million Guaranty Trust Holding Company GTCO sold 16 1 million shares valued at N323 99 million while Zenith Bank exchanged 11 86 million shares worth N261 11 million NewsSourceCredit NAN
    Stock market rebounds, indices record 0.25% growth
    Economy5 months ago

    Stock market rebounds, indices record 0.25% growth

    Trading activities on the Nigerian Exchange Ltd., (NGX) closed on a positive note on Wednesday, with indices growing by 0.22 per cent following gains by BUA Cement, Nestle  and Stanbic Bank Specifically, the market capitalisation gained N65 billion or 0.25 per cent to close at N26.253 trillion against N26.188 trillion recorded on Tuesday.

    Also, the All-Share Index rose by 120.48 points or 0.25 per cent to close at 48,675.24 compared with 48,554.76 posted on Tuesday.

    Market breadth closed positive with 14 stocks gained and 11 stocks declined.

    NEM Insurance led the gainers’ table during the day with 44k to close at N4.84 per share.

    Stanbic IBTC Holdings followed with a gain of N2.50 to close at N30.50, while Ecobank Transnational added 80k to close at N10.80 per share.

    Cutix appreciated by 14k to close at N2.04 and Mutual Benefits Assurance rose by 2k to close at 31k per share.

    On the other hand, Fidson Healthcare topped the losers’ chart, shedding 99k to close at N9.11 per share.

    FTN Cocoa Processors trailed with a loss of 3k to close at 30k, while Northern Nigeria Flour Mills declined by 1k to close at N7.50 per share.

    Unity Bank was down by 7k to close at 42k, while First City Monument Bank(FCMB) lost 1k to close at N313 per share.

    Investors traded a total of 167.57 million shares valued at N3.37 billion in 2,269 deals representing 19.60 per cent increase in volume.

    This was against the 154.290 million shares worth N2.70 billion exchanged in 3,751 deals the previous day.

    Access Holdings was the most active stock, exchanging 27.9 million shares worth N231.14 million.

    United Bank for Africa (UBA) followed with an account of 22.9 million shares valued at N160.91 million, while FBN Holdings traded 22.5 million shares worth N241.98 million.

    Guaranty Trust Holding Company (GTCO) sold 16.1 million shares valued at N323.99 million, while Zenith Bank exchanged 11.86 million shares worth N261.11 million.


    NewsSourceCredit: NAN

  •  The equity market on the Nigerian Exchange Ltd extended losses to Monday It shedded N13 06 billion to close the market capitalisation at N26 614 trillion as against N26 628 trillion traded on Friday The negative performance was majorly driven by selloffs in banking stocks such as United Bank for Africa UBA Ecobank Transnational Incorporated ETI and Guaranty Trust Holding Company GTCO Consequently the All Share Index closed 0 05 per cent to close at 49 344 67 per cent from 49 370 62 which it opened Also the year to date YTD return fell to 15 52 per cent Analysis of today s market activities showed trade turnover settled lower relative to the previous session with the value of transactions down by 19 97 per cent However market breadth closed negative as 18 stocks were on the laggard s chart while eight were on the gainer s Courtville Business solutions led the gainers chart in percentage terms by 9 09 per cent to close at 48k per share Honeywell Flour Mill followed with a gain of 8 68 per cent to close at N2 63 while Mutual Benefits Assurance rose by eight per cent to close at 27k per share MEN Insurance also went up by 4 71 per cent each to close at N4 per share Breweries also went up by 2 90 per cent each to close at N3 90 per share On the other hand FTNCocoa led the losers chart in percentage terms by 9 09 per cent to close at 30k per share LASACO shed 8 65 per cent to close at 95k per share WAPIC also lost 7 32 per cent to close at 38k per share while ETI lost 5 66 per cent to close at N10 per share NGX Group declined by 4 62 per cent to close at N19 60 per share Analysis of the market activities showed trade turnover settled lower relative to the previous session with the value of transactions reducing by 7 18 per cent A total of 122 74 million shares valued at N1 30 billion were exchanged in 3 915 deals Transactions in the shares of Mutual Benefits Assurance topped the most volume chart with 8 58 million shares valued at N9 71 million Transcorp followed with 9 23 million shares worth N9 23 million while GTCO traded 8 58 million shares valued at N173 74 million Sterling Bank sold 7 94 million shares worth N11 91 million Access Bank Holdings traded 7 87 million shares valued at N65 42 million NewsSourceCredit NAN
    Selloffs: Investors losses N13bn on NGX
     The equity market on the Nigerian Exchange Ltd extended losses to Monday It shedded N13 06 billion to close the market capitalisation at N26 614 trillion as against N26 628 trillion traded on Friday The negative performance was majorly driven by selloffs in banking stocks such as United Bank for Africa UBA Ecobank Transnational Incorporated ETI and Guaranty Trust Holding Company GTCO Consequently the All Share Index closed 0 05 per cent to close at 49 344 67 per cent from 49 370 62 which it opened Also the year to date YTD return fell to 15 52 per cent Analysis of today s market activities showed trade turnover settled lower relative to the previous session with the value of transactions down by 19 97 per cent However market breadth closed negative as 18 stocks were on the laggard s chart while eight were on the gainer s Courtville Business solutions led the gainers chart in percentage terms by 9 09 per cent to close at 48k per share Honeywell Flour Mill followed with a gain of 8 68 per cent to close at N2 63 while Mutual Benefits Assurance rose by eight per cent to close at 27k per share MEN Insurance also went up by 4 71 per cent each to close at N4 per share Breweries also went up by 2 90 per cent each to close at N3 90 per share On the other hand FTNCocoa led the losers chart in percentage terms by 9 09 per cent to close at 30k per share LASACO shed 8 65 per cent to close at 95k per share WAPIC also lost 7 32 per cent to close at 38k per share while ETI lost 5 66 per cent to close at N10 per share NGX Group declined by 4 62 per cent to close at N19 60 per share Analysis of the market activities showed trade turnover settled lower relative to the previous session with the value of transactions reducing by 7 18 per cent A total of 122 74 million shares valued at N1 30 billion were exchanged in 3 915 deals Transactions in the shares of Mutual Benefits Assurance topped the most volume chart with 8 58 million shares valued at N9 71 million Transcorp followed with 9 23 million shares worth N9 23 million while GTCO traded 8 58 million shares valued at N173 74 million Sterling Bank sold 7 94 million shares worth N11 91 million Access Bank Holdings traded 7 87 million shares valued at N65 42 million NewsSourceCredit NAN
    Selloffs: Investors losses N13bn on NGX
    Economy5 months ago

    Selloffs: Investors losses N13bn on NGX

    The equity market on the Nigerian Exchange Ltd. extended losses to Monday. It shedded N13.06 billion to close the market capitalisation at N26.614 trillion as against N26.628 trillion traded on Friday. The negative performance was majorly driven by selloffs in banking stocks such as United Bank for Africa (UBA), Ecobank Transnational Incorporated (ETI) and Guaranty Trust Holding Company (GTCO). Consequently, the All-Share Index closed 0.05 per cent to close at 49,344.67 per cent from 49,370.62 which it opened. Also, the year-to-date (YTD) return fell to 15.52 per cent. Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 19.97 per cent. However, market breadth closed negative as 18 stocks were on the laggard’s chart while eight were on the gainer’s. Courtville Business solutions led the gainers’ chart in percentage terms by 9.09 per cent to close at 48k per share. Honeywell Flour Mill followed with a gain of 8.68 per cent to close at N2.63, while Mutual Benefits Assurance rose by eight per cent to close at 27k per share. MEN Insurance also went up by 4.71 per cent each to close at N4 per share. Breweries also went up by 2.90 per cent each to close at N3.90 per share. On the other hand, FTNCocoa led the losers’ chart in percentage terms by 9.09 per cent to close at 30k per share. LASACO shed 8.65 per cent to close at 95k per share. WAPIC also lost 7.32 per cent to close at 38k per share, while ETI lost 5.66 per cent to close at N10 per share. NGX Group declined by 4.62 per cent to close at N19.60 per share. Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions reducing by 7.18 per cent. A total of 122.74 million shares valued at N1.30 billion were exchanged in 3,915 deals. Transactions in the shares of Mutual Benefits Assurance topped the most volume chart with 8.58 million shares valued at N9.71 million. Transcorp followed with 9.23 million shares worth N9.23 million, while GTCO  traded 8.58 million shares valued at N173.74 million. Sterling Bank sold 7.94 million shares worth N11.91 million. Access Bank Holdings traded 7.87 million shares valued at N65.42 million. NewsSourceCredit: NAN

  •  Crucial indices of the Nigerian Exchange Ltd NGX downgraded further on Thursday dropping by 0 29 per cent following selloffs in highly capitalised stocks The market capitalisation shed N78 billion or 0 29 per cent to close at N26 723 trillion against N26 05 trillion on Tuesday On market movers the weak performance was driven by selloffs in stocks of BUA Cement MTNN as well as Acess Bank Holdings and Okumu Oil Similarly the All Share Index which opened at 49 691 17 dipped by 144 79 points or 0 29 per cent to close at 49 546 38 N E M Insurance Company recorded the highest loss to lead the laggards table dropping by 9 98 per cent to close at N3 97 per share Okomu Oil came second with a loss of 9 96 per cent to close at N27 50 while University Press dropped by 9 91 per cent to close at N15 50 per share Lasaco Assurance depreciated by 9 57 per cent to close at N28 70 while Caverton Business solutions also declined by 3 96 per cent to close at N1 05 per share Conversely FTN Cocoa Processors led the gainers table increasing by 10 per cent to close at 33k per share Regency Alliance Insurance followed with a gain of 8 7 per cent to close at N52 55 while Prestige Assurance Company gained 8 33 per cent to close at N3 99 per share Red Star Express appreciated by 5 88 per cent to close at N9 50 while Multiverse Mining and Exploration a chalked up by 8 70 per cent to close at N2 10 per share The volume of shares traded closed lower as investors bought and sold 146 99 million shares worth N2 65 billion in 3 180 deals This was against the N4 12 billion on 128 79 million shares exchanged in 3 492 deals on Wednesday FBN Holdings was the most active stock during the day trading 39 million shares worth N431 89 million United Bank for Africa followed with an account of 13 million shares valued at N91 23 million while Access Bank traded 39 22 million shares worth N80 41million Guaranty Trust Holding sold 6 51m shares worth N132 16 million while Stanbic IBTC Bank exchanged 6 1million shares worth N172 86 million NewsSourceCredit NAN
    Crucial indices on NGX decline further by 0.29%
     Crucial indices of the Nigerian Exchange Ltd NGX downgraded further on Thursday dropping by 0 29 per cent following selloffs in highly capitalised stocks The market capitalisation shed N78 billion or 0 29 per cent to close at N26 723 trillion against N26 05 trillion on Tuesday On market movers the weak performance was driven by selloffs in stocks of BUA Cement MTNN as well as Acess Bank Holdings and Okumu Oil Similarly the All Share Index which opened at 49 691 17 dipped by 144 79 points or 0 29 per cent to close at 49 546 38 N E M Insurance Company recorded the highest loss to lead the laggards table dropping by 9 98 per cent to close at N3 97 per share Okomu Oil came second with a loss of 9 96 per cent to close at N27 50 while University Press dropped by 9 91 per cent to close at N15 50 per share Lasaco Assurance depreciated by 9 57 per cent to close at N28 70 while Caverton Business solutions also declined by 3 96 per cent to close at N1 05 per share Conversely FTN Cocoa Processors led the gainers table increasing by 10 per cent to close at 33k per share Regency Alliance Insurance followed with a gain of 8 7 per cent to close at N52 55 while Prestige Assurance Company gained 8 33 per cent to close at N3 99 per share Red Star Express appreciated by 5 88 per cent to close at N9 50 while Multiverse Mining and Exploration a chalked up by 8 70 per cent to close at N2 10 per share The volume of shares traded closed lower as investors bought and sold 146 99 million shares worth N2 65 billion in 3 180 deals This was against the N4 12 billion on 128 79 million shares exchanged in 3 492 deals on Wednesday FBN Holdings was the most active stock during the day trading 39 million shares worth N431 89 million United Bank for Africa followed with an account of 13 million shares valued at N91 23 million while Access Bank traded 39 22 million shares worth N80 41million Guaranty Trust Holding sold 6 51m shares worth N132 16 million while Stanbic IBTC Bank exchanged 6 1million shares worth N172 86 million NewsSourceCredit NAN
    Crucial indices on NGX decline further by 0.29%
    Economy6 months ago

    Crucial indices on NGX decline further by 0.29%

    Crucial indices of the Nigerian Exchange Ltd. (NGX) downgraded further on Thursday, dropping by 0.29 per cent following selloffs in highly capitalised stocks The market capitalisation shed N78 billion or 0.29 per cent to close at N26.723 trillion against N26.05 trillion on Tuesday.

    On market movers, the weak performance was driven by selloffs in stocks of  BUA Cement, MTNN as well as Acess Bank Holdings and Okumu Oil. Similarly, the All-Share Index which opened at 49.691.17 dipped by 144.79 points or 0.29 per cent to close at 49,546.38. N.

    E.M. Insurance Company recorded the highest loss to lead the laggards’ table, dropping by 9.98 per cent to close at N3.97 per share.

    Okomu Oil came second with a loss of 9.96 per cent to close at N27.50, while University Press dropped  by 9.91 per cent to close at N15.50 per share.

    Lasaco Assurance  depreciated by 9.57 per cent to close at N28.70, while Caverton Business solutions also declined by 3.96 per cent to close at N1.05 per share.

    Conversely, FTN Cocoa Processors led the gainers’ table, increasing by 10 per cent to close at 33k per share.

    Regency Alliance Insurance followed with a gain of  8.7 per cent to close at N52.55, while Prestige Assurance Company  gained 8.33 per cent to close at N3.99 per share.

    Red Star Express appreciated by 5.88 per cent to close at N9.50, while Multiverse Mining and Exploration a chalked up by 8.70 per cent to close at N2.10 per share.

    The volume of shares traded closed lower as investors bought and sold 146.99 million shares worth N2.65 billion in 3,180 deals.

    This was against the N4.12 billion on 128.79 million shares exchanged in 3,492 deals on Wednesday.

    FBN Holdings was the most active stock during the day, trading 39 million shares worth N431.89 million.

    United Bank for Africa followed with an account of 13 million shares valued at N91.23 million, while Access Bank traded 39.22 million shares worth N80.41million.

    Guaranty Trust Holding sold 6.51m shares worth N132.16 million, while Stanbic IBTC Bank exchanged 6.1million shares worth N172.86 million.


    NewsSourceCredit: NAN

  •  Banking stocks posted price depreciation on the Nigerian Exchange Ltd NGX on Wednesday making the market capitalization to decrease by N9 87 billion and closed at N26 801 trillion from N26 811 recorded on Tuesday The negative performance brought the benchmark index down by 0 04 per cent as the All share index ASI close at 49 691 17 points from 49 709 46 on Tuesday Tier one banks such as Zenith Bank First Bank of Nigeria Holdings FBNH and United Bank of Nigeria UBA were the major drivers of the market s performance Consequently the year to date YTD return fell to 16 33 per cent Market breadth closed negative as 10 stocks advanced against 15 that declined Prestige Assurance Company led the gainers chart with 9 09 per cent to close at 48k per share Sovereign Trust Insurance followed by eight per cent to close at 27k per share while Lasaco Assurance grew by 6 48 per cent to close at N1 15 per share Also Unity Bank inched up by 4 65 per cent to close at N45k per share and Academy Press appreciated by 2 40 per cent to close at N2 13 per share On the losing side Courtville Business Solutions came out last with price depreciation of 9 8 per cent to close at 46k per share SCOA Nigeria followed with 9 79 per cent and closed at N1 75 per share while Skyway Aviation Handling Co lost 9 73 per cent to close at N5 10 per share Regency Alliance Insurance depreciated by eight per cent to close at 23k per share while Honeywell Flour fell by 5 36 per cent to close at N2 65 per share FBN Holdings recorded the highest volume of 28 4 million traded shares worth N303 22 million Zenith Bank followed with 16 7 million shares worth N361 69 million while UBA sold 11 2 million shares valued at N78 17 million Also Cornerstone Insurance Company traded 11 1 million shares worth N7 43 million and Union Bank of Nigeria UBN sold 5 71 million shares worth N36 54 million In all investors staked N4 12 billion on 128 79 million shares exchanged in 3 492 deals NewsSourceCredit NAN
    NGX: Transactions maintain bearish trend with 0.0% loss
     Banking stocks posted price depreciation on the Nigerian Exchange Ltd NGX on Wednesday making the market capitalization to decrease by N9 87 billion and closed at N26 801 trillion from N26 811 recorded on Tuesday The negative performance brought the benchmark index down by 0 04 per cent as the All share index ASI close at 49 691 17 points from 49 709 46 on Tuesday Tier one banks such as Zenith Bank First Bank of Nigeria Holdings FBNH and United Bank of Nigeria UBA were the major drivers of the market s performance Consequently the year to date YTD return fell to 16 33 per cent Market breadth closed negative as 10 stocks advanced against 15 that declined Prestige Assurance Company led the gainers chart with 9 09 per cent to close at 48k per share Sovereign Trust Insurance followed by eight per cent to close at 27k per share while Lasaco Assurance grew by 6 48 per cent to close at N1 15 per share Also Unity Bank inched up by 4 65 per cent to close at N45k per share and Academy Press appreciated by 2 40 per cent to close at N2 13 per share On the losing side Courtville Business Solutions came out last with price depreciation of 9 8 per cent to close at 46k per share SCOA Nigeria followed with 9 79 per cent and closed at N1 75 per share while Skyway Aviation Handling Co lost 9 73 per cent to close at N5 10 per share Regency Alliance Insurance depreciated by eight per cent to close at 23k per share while Honeywell Flour fell by 5 36 per cent to close at N2 65 per share FBN Holdings recorded the highest volume of 28 4 million traded shares worth N303 22 million Zenith Bank followed with 16 7 million shares worth N361 69 million while UBA sold 11 2 million shares valued at N78 17 million Also Cornerstone Insurance Company traded 11 1 million shares worth N7 43 million and Union Bank of Nigeria UBN sold 5 71 million shares worth N36 54 million In all investors staked N4 12 billion on 128 79 million shares exchanged in 3 492 deals NewsSourceCredit NAN
    NGX: Transactions maintain bearish trend with 0.0% loss
    Economy6 months ago

    NGX: Transactions maintain bearish trend with 0.0% loss

    Banking stocks posted price depreciation on the Nigerian Exchange Ltd. (NGX) on Wednesday, making the market capitalization to decrease by N9.87 billion and closed at N26.801 trillion from N26.811 recorded on Tuesday. The negative performance brought the benchmark index down by 0.04 per cent as the All-share index (ASI) close at 49,691.17 points from 49,709.46 on Tuesday. Tier-one banks such as Zenith Bank, First Bank of Nigeria Holdings (FBNH) and United Bank of Nigeria (UBA) were the major drivers of the market’s performance. Consequently, the year-to-date (YTD) return fell to 16.33 per cent. Market breadth closed negative as 10 stocks advanced against 15 that declined. Prestige Assurance Company led the gainers’ chart with 9.09 per cent to close at 48k per share. Sovereign Trust Insurance followed by eight per cent to close at 27k per share, while Lasaco Assurance grew by 6.48 per cent to close at N1.15 per share. Also, Unity Bank inched up by 4.65 per cent to close at N45k per share and Academy Press appreciated by 2.40 per cent to close at N2.13 per share. On the losing side, Courtville Business Solutions came out last with price depreciation of 9.8 per cent to close at 46k per share. SCOA Nigeria followed with 9.79 per cent and closed at N1.75 per share, while Skyway Aviation Handling Co.lost 9.73 per cent to close at N5.10 per share. Regency Alliance Insurance depreciated by eight per cent to close at 23k per share, while Honeywell Flour fell by 5.36 per cent to close at N2.65 per share. FBN Holdings recorded the highest volume of 28.4 million traded shares worth N303. 22 million. Zenith Bank followed with 16.7 million shares worth N361.69 million, while UBA sold 11.2 million shares valued at N78.17 million. Also, Cornerstone Insurance Company traded 11.1 million shares worth N7.43 million and Union Bank of Nigeria (UBN) sold 5.71 million shares worth N36.54 million. In all, investors staked N4.12 billion on 128.79 million shares exchanged in 3,492 deals. NewsSourceCredit: NAN

  •  The Nigerian Exchange Ltd NGX All Share Index on Wednesday rebounded by 1 47 per cent following Dangote Cement gain Specifically the index which opened at 50 075 47 rose by 725 76 points or 1 47 per cent to close at 49 350 71 Similarly the market capitalisation increased by N390 92 billion to close at N27 01 trillion compared with N26 62 trillion achieved on Tuesday A breakdown of the price movement table shows that Dangote Cement recorded the highest gain to lead the gainers table with 9 96 per cent to close at N265 per share NEM Insurance followed with an increase of 9 89 per cent to close at N24 11 while Ellah Lakes rose by 9 41 per cent to close at N4 30 per share Japaul Gold and Ventures appreciated by 8 82 per cent to close at 37k while Mayer amp Baker grew by 8 68 per cent to close at N3 88 per share On the other hand WAPCO topped the losers table depreciating by 8 84 per cent to close at N23 20 per share NAHCO trailed with a decline of 8 62 per cent to close at N5 30 while Honey Flour lost by 6 41 per cent to close at N2 63 per share UACN was down by 5 36 per cent to close at N10 60 while AIICO Insurance declined by 5 26 per cent to close at N10 54 per share In the same vein the volume of shares traded closed higher with an exchange of 279 22 million shares worth N2 08 billion in 3 576 deals This was in contrast with a turnover of 140 61 million shares valued at N1 61 billion traded in 3 895 deals on Tuesday Jaiz Bank Plc was the most active stock during the day trading 115 13 million shares worth N100 14 billion It was followed by First Bank of Nigeria Holdings FBNH with an account of 39 96 million shares valued at N431 5 million while United Bank for Africa UBA traded 14 66 million shares worth N104 32 million AIICO Insurance sold 13 91 million shares valued at N7 68 million while Japaul Gold and Ventures traded 13 59 million shares worth N4 91 million NewsSourceCredit NAN
    NGX: Index appreciates by 1.47% on Dangote Cement gain
     The Nigerian Exchange Ltd NGX All Share Index on Wednesday rebounded by 1 47 per cent following Dangote Cement gain Specifically the index which opened at 50 075 47 rose by 725 76 points or 1 47 per cent to close at 49 350 71 Similarly the market capitalisation increased by N390 92 billion to close at N27 01 trillion compared with N26 62 trillion achieved on Tuesday A breakdown of the price movement table shows that Dangote Cement recorded the highest gain to lead the gainers table with 9 96 per cent to close at N265 per share NEM Insurance followed with an increase of 9 89 per cent to close at N24 11 while Ellah Lakes rose by 9 41 per cent to close at N4 30 per share Japaul Gold and Ventures appreciated by 8 82 per cent to close at 37k while Mayer amp Baker grew by 8 68 per cent to close at N3 88 per share On the other hand WAPCO topped the losers table depreciating by 8 84 per cent to close at N23 20 per share NAHCO trailed with a decline of 8 62 per cent to close at N5 30 while Honey Flour lost by 6 41 per cent to close at N2 63 per share UACN was down by 5 36 per cent to close at N10 60 while AIICO Insurance declined by 5 26 per cent to close at N10 54 per share In the same vein the volume of shares traded closed higher with an exchange of 279 22 million shares worth N2 08 billion in 3 576 deals This was in contrast with a turnover of 140 61 million shares valued at N1 61 billion traded in 3 895 deals on Tuesday Jaiz Bank Plc was the most active stock during the day trading 115 13 million shares worth N100 14 billion It was followed by First Bank of Nigeria Holdings FBNH with an account of 39 96 million shares valued at N431 5 million while United Bank for Africa UBA traded 14 66 million shares worth N104 32 million AIICO Insurance sold 13 91 million shares valued at N7 68 million while Japaul Gold and Ventures traded 13 59 million shares worth N4 91 million NewsSourceCredit NAN
    NGX: Index appreciates by 1.47% on Dangote Cement gain
    Economy6 months ago

    NGX: Index appreciates by 1.47% on Dangote Cement gain

    The Nigerian  Exchange Ltd. (NGX) All-Share Index on Wednesday rebounded by 1.47 per cent, following Dangote Cement gain.

    Specifically, the index which opened at 50,075.47 rose by 725.76 points or 1.47 per cent to close at 49,350.71. Similarly, the market capitalisation increased by N390.92 billion to close at N27.01 trillion compared with N26.62 trillion achieved on Tuesday.

    A breakdown of the price movement table shows that Dangote Cement recorded the highest gain to lead the gainers’ table with 9.96 per cent to close at N265 per share.

    NEM Insurance followed with an increase of 9.89 per cent to close at N24.11, while Ellah Lakes rose by 9.41 per cent to close at N4.30 per share.

    Japaul Gold and Ventures appreciated by 8.82 per cent to close at 37k, while Mayer & Baker grew by 8.68 per cent to close at N3.88 per share.

    On the other hand, WAPCO topped the losers’ table, depreciating by 8.84 per cent to close at N23.20 per share.

    NAHCO trailed with a decline of 8.62 per cent to close at N5.30, while Honey Flour lost by 6.41 per cent to close at N2.63 per share.

    UACN was down by 5.36 per cent to close at N10.60, while AIICO Insurance declined by 5.26 per cent to close at N10.54 per share.

    In the same vein, the volume of shares traded closed higher with an exchange of 279.22 million shares worth N2.08 billion in 3,576 deals.

    This was in contrast with a turnover of 140.61 million shares valued at N1.61 billion traded in 3,895 deals on Tuesday.

    Jaiz Bank Plc was the most active stock during the day, trading 115.13 million shares worth N100.14 billion.

    It was followed by  First Bank of Nigeria Holdings (FBNH)  with an account of 39.96 million shares valued at N431.5 million, while United Bank for Africa (UBA) traded 14.66 million shares worth N104.32 million.

    AIICO Insurance sold 13.91 million shares valued at N7.68 million, while Japaul Gold and Ventures traded 13.59 million shares worth N4.91 million.


    NewsSourceCredit: NAN

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