Browsing: Nigerian Stock Exchange
Analysts downgrade Unilever to SELL on weak margin, plunged market share
Lockdown: Wapic Insurance refunds Motor Vehicle Insurance Premium to Customers
Cadbury raises profit 26% on turnover miss as analysts’ forecast pressure on demand
Business Continuity: Stanbic IBTC conducts stress tests, says group in comfortable position
Equities market gains ₦258.5 billion amid lockdown extension
Nigerian Breweries goes to market to raise ₦48bn commercial paper. Amid rising cases of coronavirus, Nigerian Breweries Plc said its commercial papers will be opened for subscription on Monday as the company seeks to raise up to N48 billion.
Sell-offs in blue chips knock off ₦104.2bn in stock market. The Nigerian Stock Exchange closed in red with investors’ fortune washed off in billions as coronavirus cases keeps running riot.
Stock market records 20.65% negative return in first quarter
Equity market cap drops to ₦11.11 trillion amidst COVID-19 fear. Today, the domestic equities market declined 243bps to 21,330.79 points following sell-offs in MTNN (-10.0%), ZENITH (-5.2%) and GUARANTY (-3.0%).
Equity market sinks to ₦11.505 trillion amid COVID-19 Bouts. As Nigerians are becoming apprehensive following an increase in reported cases of COVID-19, the performance of equity market today plunged as year to date losses widen.