Stocks

Nigerian Stock Exchange Watch: Dangote Cement lifts ASI (+0.46%), Dangote Flour (+4.98%), Presco (+4.99%) are Stocks too Watch

The Market closed in the affirmative largely due to a gain of 250 basis points by Dangote Cement – the market’s most capitalized company. The ASI gained 0.46% to close at 22,524.67 ...

GlaxoSmithKline Q1 2012 Earnings at N 6 billion, up 28.7% YoY

Pharmaceutical company, Glaxosmith has reported its Q1 earnings for the period ended March 31st, 2012. The company made N 6.3 billion over the 3 months period in contrast to the N 4.9 ...

Nigerian Stock Exchange Watch: Bearish Sentiments Prevail, Dangote Flour (+4.91%) Still Upbeat

The Bears dominated the market today forcing the market to retreat 58 basis points as the All Share Index closed at 22,422.43. The banking sub-sector was entirely virtually in the red with ...

Nigerian Stock Exchange Watch: Market Dips 0.31%, Dangote Stocks Drive Bourse Performance

The Nigerian Stock Exchange dipped in today’s trading shedding 0.31% on the back of a bearish outing by the highly capitalized participants. Names such as First Bank (-1.77%), Zenith (-0.27%), Nigerian Breweries ...

Nigerian Stock Exchange Watch: ASI (-0.1%) Dips Marginally, Dangote Flour (+4.95%) on Bull Run

Now is a good time to envy investors holding Dangote Flour shares. The company’s stock is up 16% this week alone propelled by rumors Tiger Brands of South Africa is planning to ...

Nigerian Stock Exchange Watch: Market Bubbles Back Up as Blue Chips Gain Big

The stock market bubbled back up in today’s trading, gaining 38 points as the All Share Index closed at 22656.76. Market performance was driven by upticks in bluechips such as Dangote Cement, ...

Nigerian Stock Exchange Watch: Bourse Down Marginally, Still on 38 Week High

The activity of profit takers conspired to push the bourse into negative territory at the close of trading today. Blue chip and highly capitalized stocks such as Nigerian Breweries (-2.37%), Zenith (-4.06%) ...

Nigerian Stock Exchange Watch: ASI Continues to Climb, YTD Performance at 8.72%

The All Share Index continued its ascent today gaining 0.84% to close at 22,537.98. The banking sub-sector continues to drive the positive performance of the Exchange as nine banks recorded positive price ...

Nigerian Stock Exchange Watch: Investor Appetite for Top-Tier Banks Pushes Bourse to New Height

Bullish sentiments prevailed in the banking sub-sector as 11 banks recorded appreciation with none recording a loss in the day’s trading. The release of Q1, 2012 results from First Bank and FCMB ...

Banking recovery lures funds back to Nigeria stocks

Signs of a sharp recovery in bank earnings for the first quarter are drawing investors to Nigerian shares after several years of turbulence in local stock markets following a 2008 banking crisis that wiped ...