economy, Nigerian economy, market report, market update

Weekly Market Update

Investors Maintain Positive Sentiment in the Local Equities Market…ASI gained 2.63% Last Week The local equities market closed on a positive note last week following gains in bellwether stocks. The market opened the week with a significantly bullish momentum as gains were recorded in all the 5 trading days of the week. Consequently, The All […]

economy, Nigerian economy, market report, market update

Weekly Market Update

Nigerian Equities Market Closed the First Week of The Year Negative…ASI Down by 37bps DOMESTIC EQUITIES MARKET Local equities market closed on a negative note last week following loss in bellwether stocks. The market opened the week with a significantly bullish momentum as gains was recorded in the first 4 trading  days of the week. However, […]

economy, Nigerian economy, market report, market update

Weekly Market Update

Nigerian Equities Market Closed the Year 2020 on a 50.03% Gain The Nigerian equities market closed the year 2020 on a remarkably bullish note with a 50.03% gains in the All Share index. With gains in all the 3 trading days of the last week, the All Share Index (ASI) closed the week with a […]

economy, Nigerian economy, market report, market update

Weekly Market Update

Investors Gained N1.05tn in One Week…ASI Advanced by 5.42% WoW Performance at the local equities market was dominated with bearish sentiments as the bulls sustained the previous week rally. The market opened the week strong with a 174 bps gain which was followed by impressive gains on Tuesday and Wednesday. The market however waned by […]

economy, Nigerian economy, market report, market update

Weekly Market Update

Investors respond to third quarter earnings as the market closed on a significantly bullish note last week. With gains in all the 4 trading days in the week under review, the All Share Index (ASI) advanced by 6.39 bps WoW to 28,697 as market capitalization gained N958.41bn to settle at N15.96 trillion. This pull the year-to-date performance […]

Earnings Update- Nigerian Breweries

Nigerian Breweries Generated N6.9 Billion PAT… Declared 25 Kobo  Interim Dividend Nigerian Breweries Plc (NB) Q3-2020 financials shows a contraction in gross revenue by 0.7% to N234.04 from the N235.68bn generated in Q3-2019. This is coming in the midst of intense competition in the breweries industry couple with weak demand brought about by the COVID-19 pandemic. Cost of […]

Earnings Update- Seplat Petroleum

Seplat Petroleum Development Company PLC (SEPLAT) Q3-2020 financials shows a 10.70% decline in revenue arising from a slum of 10.92% in Gas Sales and lack of activities in the gas processing segment of the business. However, revenue from crude oil sales advanced by 7.88% from N99.08bn to N106.88bn in the current period. Earnings from gas sales however […]

Earnings Update- Nestlé

Nestlé Nigeria Plc (NESTLE) Q3-2020 financials shows gross earnings grew by 0.66% on the back of 0.40% and 16.05% increase in Domestic and Export sales respectively as gross revenue moved from N211.35 bn to N212.73bn in the current period. A breakdown of the sales figure shows an impressive increase in foreign sales as export increased […]

Earnings Update- Total Nigeria PLC

TOTAL NIGERIA PLC (TOTAL) Q3-2020 shows a decline in revenue by 31.61% to N151.71 bn from N221.84  recorded in the third quarter of 2019. Cost of sales also declined by 33.58% reducing the pressure of the low revenue on the gross profit. Notably, gross profit declined by 16.20% to N21.029 compared to the N25.09 billion recorded in Q3-2019. A […]