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Stock Market Reverses Loss, Records Marginal Gain

Stock Market Reverses Loss, Records Marginal Gain     Transactions on the floor of the Nigeria Stock Exchange on Tuesday recorded marginal gain to reverse the previous day’s loss. The NSE All-Share Index declined by 0.015 per cent as investors leveraged undervalued stocks. The ASI appreciated by 3.82 basis...

Stock Market Records N90bn Weekly Gain

Stock Market Records N90bn Weekly Gain     The nation’s stock market extended its rally last week as the market capitalisation of equities rose by N90bn. The Nigerian Stock Exchange All-Share Index and market capitalization appreciated by 0.63 per cent to close the week at 25,199.84 basis points...

NAHCO Records N143.18m Loss In Six Months

NAHCO Records N143.18m Loss In Six Months       Nigerian Aviation Handling Company Plc has recorded a loss of N143.18m for the half year ended June 30, 2020 as against a profit of N467.259m reported in the same period of 2019. The company, in a report obtained from...

NSE Fines Four Firms For Filing Defaults

NSE Fines Four Firms For Filing Defaults     The Nigerian Stock Exchange has fined Deap Capital Management & Trust Plc and three other quoted firms N6.9m for failure to file their audited financial statements after the regulatory due date. Checks by our correspondent showed that the companies...

22 Banks, Others Record N89bn Decline In Profit

22 Banks, Others Record N89bn Decline In Profit     At least 22 listed companies on the Nigeria Stock Exchange (NSE) recorded a drop in their Profit After Tax (PAT) by N89 billion in the first six months of 2020. The profit figure dropped from N457.6bn in 2019...

Stock Market Advances With N40bn Gain

Stock Market Advances With N40bn Gain     The bulls maintained its grip on the market activities following gains recorded majorly by blue chip stocks as investors positioned to leverage undervalued stocks. The key market performance measures, the NSE All-Share Index and market capitalisation, rose by 0.31 per...