Stock Exchange – Page 6 – City Business News

March 10, 2021 No Responses

Investors Lose N371b In One Trading Session

Investors on the Nigerian Stock Exchange (NSE) on Tuesday lost N317 billion in a trading session amid sell pressure on bellwethers. Specifically, the market capitalisation which opened at N20.612 trillion shed N371 billion or 1.80 per cent to close at...

March 3, 2021 No Responses

Market Capitalisation drops Further By N123b

Transactions on the Nigeria Stock Exchange (NSE) closed on Tuesday on a negative note, due to price depreciation posted by Nestle and other 25 stocks. Consequently, the benchmark index declined by 233.81 or 0.59 per cent to 39,697.62 from 39,931.63...

March 3, 2021 No Responses

Nestle Declares N60.50 Final Dividend For 2020

For the 2020 financial year, Nestlé Nigeria Plc has reported revenue of N287.08 billion. The company’s audited result released on the Nigerian Stock Exchange showed that the revenue was higher by 1.1 per cent in contrast with N284.04 billion recorded...

March 2, 2021 No Responses

Dangote Sugar Refinery Declares N26.70b Profit For 2020

For the year ended December 31, 2020, Dangote Sugar Refinery Plc (DSR) recorded profit after tax of N26.70 billion. The company stated this in its audited result released on the floor of the Nigerian Stock Exchange on Monday. The profit...

February 26, 2021 No Responses

London Stock Exchange Lists Ecobank Nigeria’s $300m Bond

Ecobank Nigeria on Thursday opened the market at London Stock Exchange via a virtual ceremony to mark the listing of its five-year fixed rate senior unsecured US$300 million bond. Ecobank Nigeria, a subsidiary of Ecobank Transnational Incorporated, ...

February 26, 2021 No Responses

Market Capitalisation Down By N65b

The nation’s bourse retreated on Thursday, reversing two days positive sentiment with a loss of N65 billion following profit taking on banking and consumer goods stocks. Consequently, the market capitalisation shed N65 billion or 0.31 per cent to close...

February 16, 2021 No Responses

NSE Attains 0.33% Growth On Seplat, Lafarge Africa Gains

Trading in the domestic equities market commenced the week on a positive note, growing by 0.33 per cent due to buying interests in Seplat, Lafarge Africa and Tier-1 banking stocks. Consequently, the All-Share Index on Monday inched higher by 131.82...

February 12, 2021 No Responses

Market Capitalisation Recovers N167b

After days of persistent bearish trend, transactions on the nation’s bourse rebounded on Thursday by 0.78 per cent following buying interest in Dangote Cement. Specifically, the All-Share Index rose by 318.29 points or 0.78 per cent to close at 41,014....

February 11, 2021 No Responses

Market Capitalisation Loses N426b

The bears continued to dominate trading on the Nigerian Stock Exchange (NSE) on Wednesday with investors losing N426 billion in about six hours of trading. Consequently, the market capitalisation which opened at N21.715 trillion shed N426 billion or 1.96...

February 8, 2021 No Responses

SEC Nigeria Unveils Rule On Registration For Nominee Function

The Securities and Exchange Commission (SEC) has released new rules requiring all persons not registered by the Commission as Custodians, carrying on the business of Nominee and holding securities including equities, money market and fixed income securities, d...

February 6, 2021 No Responses

Briclinks Africa Lists on NSE Growth Board

The Nigerian Stock Exchange (NSE) on Friday admitted Briclinks Africa Plc to its Growth Board in a listing by introduction of 10 million (10,000,000) ordinary shares of ₦1.00 each at ₦6.26 per share. The listing was commemorated with a digital C...

January 30, 2021 No Responses

Ecobank Group Declares N630b Revenue In 2020

For the year December 31st, 2020, Ecobank Group recorded a revenue of over N630 billion, representing 7% growth when compared to N586.9 posted in the corresponding period of 2019. In its unaudited report submitted to the Nigeria St...

January 29, 2021 No Responses

Market Capitalisation Crosses N22trillion Mark

The Nigerian Stock Exchange (NSE) market capitalisation on Thursday crossed above N22 trillion mark as a result of price appreciation posted by some blue chips. Accordingly, the market capitalisation inched higher by N125 billion or 0.57 per cent to clos...

January 28, 2021 No Responses

Market Capitalisation Extends Growth By N181b

For the third consecutive day, transactions on the Nigerian Stock Exchange closed positive on Wednesday, appreciating further by 0.83 per cent. At the end of the day’s transaction, the All-Share Index increased by 346.79 points or 0.83 pe...