Browsing: Nigerian Stock Exchange

Stock market bearish amid sell-off on bellwether stocks. The Nigerian equity market sustained the losing streak last week, as bearish sentiment prevailed in three of the five trading sessions, following persistence sell-off in bellwether stocks.

AXA mansard to divest pension, real estate businesses. Amid recapitalisation effort of the insurance sector, AXA Mansard Plc has taken move to divest its pension and real estate business lines.

Guinness: Poor demand, cost pressure douse positive vibes as investors dump stock . Guinness Nigeria Plc is growth starved but there are positive vibes in its first half of financial year 2020 result

Cadbury delivers solid performance after restructuring as EPS hits 5-Year high. Cadbury Nigeria Plc delivered strong performance after the company’s restructuring exercise, though earnings remain behind pre-2014 average performance.

NSE, Meristem pitch ETFs as a smart investing tool. The Nigerian Stock Exchange partners Meristem Wealth Management limited on ‘Smart Investing Tools Workshop’ to pitch benefits of Exchange Traded Funds (ETFs) as an investing tools.

FMN Plc. share stays flat despite border closure driven earnings beat. Flour Mills of Nigeria Plc. beats analysts’ estimates as government policy on border closure impacted performance positively.

Interswitch Limited Lists ₦23Billion Bond on Nigerian Stock Exchange. The Nigerian Stock Exchange has announced that it has listed Interswitch Limited’s N23billion Bond on Friday, 31 January 2020. The Exchange in a statement said the Callable Senior Unsecured Bond, with a tenor of seven years, at a fixed rate of 15 per cent, is part of a N30 billion Debt Issuance Programme issued through a Special Purpose Vehicle – Interswitch Africa One Plc.

Tellimer’s Hasnain says Pension funds allocation shift to equities to drive rally|The Nigerian equities market has underperformed investors’ expectations year to date, but some analysts are already forecasting renew interests starting from the first quarter of financial year 2020

Equities market (www.nse.com.ng) opens the week on a negative note as market index drops.
Losses in CCNN (-5.0%), GUARANTY (-0.5%) and FCMB (-5.5%) dragged the All-Share Index (ASI) by 4 basis points (bps) to 26,990.59 points.

Seplat Petroleum Development Company Plc, a leading Nigerian independent oil and gas company has said local shareholders would receive interim dividend at N306.40 to a dollar.