Browsing: NSE

Investors’ Wealth Declines ₦44.3bn as Profit-taking Continues. The Nigerian equities capitalisation again nosedived ₦44.3 billion Tuesday as profit-taking continues despite better-than-expected earnings releases by Tier-1 banks.

Zenith Bank: How Cash-Rich Lender Defied Gloomy Estimates…

Fidelity Bank Raised Profit 33% in First Half 2020. Fidelity Bank Plc has bolstered first half earnings performance despite multitude of operational and economic challenges lender faced in the first half of 2020.

Big Banks’ Profits Rise 4% in H1:2020 Earnings Season. With stronger than expected first half 2020 profitability records, the Nigeria’s bulge bracket balance sheet deposit money banks earnings performance defied COVID-19 to show strengths.

Zenith Bank Bolsters Performance as Profit Rises 17% to ₦103.83bn In what came as a surprise, Zenith Bank Plc bolstered…

NEM Insurance Rated Hold as Analysts Forecast Marginal Upside. NEM Insurance Plc. has been rated hold by analysts as they cited that higher reinsurance cost pressure underwriting margin.

NSE to Remain Positive amid Tier-1 Banks Earnings Releases

UACN: Virus-induced Operating Loss Insults Restructuring Efforts. The Coronavirus outbreak disrupted United African Company of Nigeria’s (UACN) restructuring effort earlier seeing in the year, but analysts still maintain positive sentiment on its earnings outlook.

NSE: Year to date loss moderate as investors gain ₦18.1 billion

Investors’ Fortune drops by ₦75.1 Billion as All-Share Index Dips. Investors’ fortune drops by ₦75.1 billion as the Nigerian Stock Exchange (NSE) All-Shares Index Dip on Tuesday.

Sell-offs in DANGCEM (-4.1%), ACCESS (-0.8%) and MANSARD (-8.2%) dragged the All-Share Index down 58 basis points (bps) to