Market capitalisation dips by N170 billion

Following losses suffered by many blue-chip stocks, transactions on the Nigerian Exchange Limited continued on a downturn yesterday, as market capitalisation declined further by N170 billion.Following losses suffered by many blue-chip stocks, transactions on the Nigerian Exchange Limited continued on a downturn yesterday, as market capitalisation declined further by N170 billion. At the close of transactions yesterday, market capitalisation of listed equities declined by 0.

Further breakdown transactions showed that ABC Transport led the gainers’ table with 10 per cent to close at 77 kobo, Oando plc followed with a gain of 9.84 per cent to close at N24.55 kobo. Ikeja Hotel added 9.7 per cent to close at N7.35 kobo, RTBriscoe gained 9.59 per cent to close at 80 kobo. Presco Plc also garnered 7.83 per cent to close at N413. On the contrary, United Capital topped losers’ chart, dropping by 9.92 per cent to close at N34.

Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year's record performance. "After delivering record profits in 2023, we had another strong profit performance in the first half of 2024, which is further evidence that our strategy is working," said Noel…

The Nigerian Economic Summit Group has expressed optimism about improved growth of the economy from the second half of the year if the executive orders and other economic plans by the Federal Government are properly executed.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Market capitalisation dips by N170 billionFollowing losses suffered by many blue-chip stocks, transactions on the Nigerian Exchange Limited (NGX) continued on a downturn yesterday, as market capitalisation declined further by N170 billion.
La source: GuardianNigeria - 🏆 1. / 94 Lire la suite »

Nigerian senators reject bill seeking to reduce CBN’s regulatory power on FX marketNigerian senators have rejected a bill seeking to amend the Foreign Exchange Act of 2004 expected to reduce the regulatory function of the Central Bank of Nigeria on the Fx Market. The bill, titled “The Foreign Exchange (Control and Monitoring) Bill, 2024 (SB.
La source: DailyPostNGR - 🏆 11. / 59 Lire la suite »

Nigerian capital market positioned to support banks’ recapitalizationThe Nigerian capital market is strategically positioned to drive the ongoing banks’ recapitalization exercise, leveraging advanced technology to facilitate the capital-raising in order to meet the Central Bank of Nigeria's minimum capital requirements.
La source: vanguardngrnews - 🏆 5. / 75 Lire la suite »

Guinness Nigeria affirms commitment to Nigerian market, celebrates trade partnersGuinness Nigeria Plc, has confirmed its commitment to the Nigeria market, even as it recognised its trade partners across Nigeria.
La source: vanguardngrnews - 🏆 5. / 75 Lire la suite »