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Tag: Cadbury Nigeria

NSE capitalisation hits N17tr mark, as investors sustain appetite in dividend paying stocks

NSE capitalisation hits N17tr mark, as investors sustain appetite in dividend paying stocks

Capital Market
The market capitalisation of the Nigerian Stock Exchange (NSE) hit the N17 trillion mark yesterday, even as sustained bargain-hunting for dividend-paying stocks continue to stimulate activities in the nation’s bourse. At the close of trading Tuesday, the All-Share Index (ASI) gained 404.05 absolute points, representing an increase of 1.25 per cent to close at 32,647.10 points while market capitalisation gained N211 billion, to close at N17.059 trillion. The upturn was impacted by gains recorded in large and medium value stocks, including MTN Nigeria Communications (MTNN), Stanbic IBTC Holdings, NASCON Allied Industries, Dangote Sugar Refinery, and Ardova Plc. On market performance, InvestData Consulting Limited said: “The nation’s equity market indices, closed higher in the afterm...
Sustained profit-taking drags index further by 0.19%

Sustained profit-taking drags index further by 0.19%

Business
Persistent profit-taking in the shares of some blue-chip companies, yesterday, dragged the domestic equity market to a downturn, causing the All-Share Index (ASI) to depreciate further by 0.19 per cent. Precisely, the ASI declined by 47.65 absolute points, representing a loss of 0.19 per cent to close at 25,550.31 points. Accordingly, investors lost N1 billion in value as market capitalisation went down to N13.353 trillion. The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Cadbury Nigeria, Lafarge Africa, NEM Insurance, Zenith Bank and International Breweries. On stock market performance, analysts at Afrinvest Limited said: “We expect the bearish performance to persist as we anticipate more profit-taking. However, there a...
Weak economy, others trigger negative sentiments on NSE

Weak economy, others trigger negative sentiments on NSE

Capital Market
Nigeria’s weak economic situation exacerbated by the increasing number of COVID-19 cases, has continued to trigger negative sentiments on the equities market. Specifically, at the close of trading last week on the Nigerian Stock Exchange (NSE), the All-Share index and market capitalisation fell by 0.99 per cent to close the week at 24,826.75, and N12.951 trillion respectively. All other indices finished lower with the exception of NSE-Main Board, NSE MERI Growth, NSE Consumer Goods, NSE Lotus II and NSE Industrial Goods Indices, which appreciated by 1.00 per cent. Analysts at the weekend, linked the negative sentiments to increasing number of COVID-19 cases in Nigeria and weak economic state of the country. However, they expressed optimism of imminent rebound, noting that the c...
Renewed bargain-hunting lifts stock index by N22 billion

Renewed bargain-hunting lifts stock index by N22 billion

Business
Renewed bargain-hunting in most blue-chip stocks lifted transactions on the equities sector of the Nigerian Stock Exchange (NSE), yesterday, causing market capitalisation to rise by N22 billion. Specifically, at the close of trading Wednesday, the All Share Index (ASI) increased by 42.01 absolute points or 0.17 per cent to close at 24,972.89. Similarly, the market capitalisation rose by N22 billion to close at N13.027 trillion. The uptrend was impacted by gains recorded in large and medium value stocks, amongst which were; Nestle Nigeria, Flour Mills of Nigeria, Cadbury Nigeria, Access Bank, and Zenith Bank. On market performance, analysts at Afrinvest Limited, said: “We are not optimistic of a rebound in market activities this week as investor sentiment remains weak.” However, ma...