Category: Capital Market

Pound Drops 0.2% As Traders Await Rates Decision

The Pound Sterling shed 0.2 percent to $1.3326 in London, on Thursday,  August 4, having gained 0.1 percent earlier. The U.K currency fluctuated before the Bank of England announced its interest-rates decision on Thursday as traders are wedged in between weaker economic data and extreme positions some have taken that make the currency especially vulnerable to a…

International Breweries records N1.65bn half-year loss

International Breweries Plc has reported a loss after tax of N1.657bn for 2016 half-year. This figure was contained in its financial statements submitted to the Nigerian Stock Exchange on Thursday. The result showed a drop from its N420.8m profit after tax recorded in June last year. Its turnover also slid to N5.224bn in 2016 from…

Equities Market Value Leaps By N89.5billion

The Nigerian equities market on Wednesday, July 27, sustained an upward trajectory as investors remained bullish for the second consecutive day. Consequently, the market capitalisation of the bourse added 89.5 billion to close at N9.687 trillion compared to a gain of N108 billion recorded on Tuesday to close at N9.597 trillion. Market turnover closes positive…

NSE Index Scoops 0.94% As Bull Intensifies Hold

Trading activities on the floor of the Nigerian Stock Exchange, NSE, on Wednesday, July 27, maintained movements South for the second consecutive day. To this end, the All-Share Index which opened at 27,945.02 grew by 263.60 points or 0.94 per cent to close at 28,208.62 due to gains by some blue chips. A breakdown of the gainers’…

Dangote Cement Plc Joins NSE Issuers Share Price Information Service​

he Nigerian Stock Exchange (“NSE” or Exchange) has announced that it has entered into a contract to provide Dangote Cement Plc its Issuers Share Price Information service. The Issuers Share Price Information is an offering that enables companies listed on the NSE to display their respective share price on the homepage of their corporate website…

Stock Market Rebounds With N108 billion Gain

After a six day intense downward slide coupled with profit taking, the Nigerian Stock Marketmade a modest recovery on Tuesday, July 26 The Market capitalisation gained N108 billion to close at N9.597 trillion compared to a loss of N10.1 billion recorded previously to close at N9.489 trillion. Market breadth closed positive with 24 gainers and 147…